Argentina Mining's Blog I Latest news on Mining in Argentina

Este blog fue creado para publicar novedades sobre la mineria en Argentina, complementando así nuestro web y presencia en redes sociales. Como todas nuestras actividades, apunta a conectar a la comunidad minera argentina y establecer un ámbito de promoción de la actividad en el mundo, generando oportunidades de negocios.
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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

30 nov 2009

Li3 Energy, Inc. anuncia la firma de una Carta de Intención para adquirir Puna Lithium Corporation

LIMA, Perú, 30 de noviembre /PRNewswire/ -- Li3 Energy, Inc. (OTC Bulletin Board: LIEG; "Li3 Energy") se complace en anunciar que ha firmado una carta de intención para adquirir Puna Lithium Corporation ("Puna").

Puna tiene una opción para adquirir hasta un 80 por ciento (80%) de participación en 123.000 acres de una excelente área ubicada en una extensión de 9 salares chilenos, que incluye el Salar de Atacama, donde Sociedad de Chile SC tiene actualmente plantas en producción. El Salar de Atacama en este momento contiene las más altas concentraciones económicas de litio del mundo, así como algunos de los costos más bajos de procesamiento, debido a: su bajo contenido de magnesio, sus altas tasas de evaporación y su capacidad para operar a lo largo de todo el año.

Puna también tiene una opción para adquirir hasta el ochenta y cinco por ciento (85%) de participación en las 90.000 acres de propiedad del salar en la Argentina, en los salares Centenario, Rincón, Pocitos y Cauchari.

La operación está sujeta a una auditoría legal y financiera por parte de Li3, que espera que estará finalizada dentro de los próximos 90 días. Las partes han acordado hacer sus máximos esfuerzos para firmar un acuerdo formal dentro de los próximos 90 días. La carta de intención contiene, y el acuerdo formal contendrá, disposiciones de exclusividad y otras condiciones para el cierre.

Luis Sáenz, CEO de Li3 Energy, declaró: "Estamos muy contentos con la adición de estas dos importantes extensiones de tierra que complementan nuestra adquisición de Big Smoky Valley, Nevada, que se anunció la semana pasada. Esta transacción posiciona a Li3 como una importante propietaria de tierras en el Altiplano de la Puna que contiene las mayores concentraciones de salmuera de litio del mundo y aloja a más del 70% de las reservas y producción de litio del mundo.

"Con la combinación de Nevada, Argentina y Chile, Li3 ha asegurado aproximadamente 300.000 acres de salmuera de calidad premium en las principales 3 áreas de producción políticamente estables de salmuera de litio del mundo. Estas propiedades brindarán la plataforma para que Li3 -en el sector de la producción primaria- ejecute su plan de negocios de desarrollar con rapidez una compañía verticalmente integrada de producción, fabricación y venta de litio. Nuestro equipo técnico está preparado y ansioso por comenzar a trabajar en todas los salmueras para el desarrollo acelerado de estos activos ".

Acerca de Li3 Energy, Inc.

Li3 Energy, Inc. es una compañía de Estados Unidos que cotiza acciones en bolsa y que está en su etapa inicial, y que actualmente tiene su estrategia comercial puesta en el sector de minería de litio y energía en las Américas. Su objetivo inicial está en identificar y adquirir oportunidades en Perú, Argentina y Chile. Li3 Energy desea adquirir una importante cartera de depósitos de salmuera de litio en las Américas para desarrollo y producción, con el fin de cumplir con las demandas crecientes del mercado, y para apoyar a las iniciativas para una energía limpia y ecológica que se están implementando a nivel global.

Declaraciones a futuro Algunas de las afirmaciones de este comunicado de prensa son declaraciones a futuro. Dichas afirmaciones están sujetas a riesgos e incertidumbres. Palabras como "espera", "tiene la intención de", "tiene planeado", "propone", "espera", "podría", "debería", "anticipa", "probablemente", "cree" y palabras de significado similar también constituyen declaraciones a futuro. Las declaraciones a futuro se basan en los hechos y análisis actuales, y otras informaciones y suposiciones de los directivos. La adquisición propuesta de Puma Lithium está sujeta a una cantidad de condiciones que pueden no cumplirse, y no se puede asegurar que ello ocurrirá, ni puede haber certeza de que los proyectos Chile Salar, Centenario Brine, Rincón Brine, Pocitos y Cauchari Brines tendrán éxito. Los resultados reales pueden diferir sustancialmente de los actualmente anticipados debido a una cantidad de factores que van más allá del control razonable de la Compañía, incluso, pero sin limitarse a, la capacidad de la Compañía de identificar otras adquisiciones corporativas y/u oportunidades de empresas conjuntas en el sector de minería de litio y de establecer la infraestructura técnica y gerencial, y de recaudar el capital requerido, de aprovechar, y de manera exitosa en dichas oportunidades, situación económica futura, estabilidad política, y precios del litio. En las presentaciones de la Compañía ante la Securities and Exchange Commission de EE. UU. en www.sec.gov, se puede encontrar información adicional sobre los riesgos y otros factores que pueden afectar el negocio y los resultados financieros de la Compañía.

FUENTE Li3 Energy, Inc.

-0- 30/11/2009 Any views or opinions are solely those of the author and do not necessarily represent those of PR Newswire.


27 nov 2009

Cerro Negro Within the Area of Special Interest for Mining in the Province of Santa Cruz

FREMANTLE, WESTERN AUSTRALIA--(Marketwire - Nov. 27, 2009) - Andean Resources (TSX:AND)(ASX:AND) announces that new legislation was passed yesterday in the Province of Santa Cruz, Argentina, providing for the creation of an Area of Special Interest for Mining, in which mining activity may occur. The Cerro Negro project is within the defined Area of Special Interest for Mining.

The new Area of Special Interest for Mining permits mining from 4 kilometers of the shores of lakes and the axis of major rivers, and from 10 kilometers of the city limits of towns. In addition, the new legislation also permits the processing of ores from 20 kilometers of these major water features.

Wayne Hubert, Andean's President and Chief Executive Officer commented, "I consider this new legislation as positive in defining the areas within the province where mining activities will be encouraged; government officials have been very supportive of the current responsible development of the Cerro Negro project. I believe the results from our exploration and development activities over the next several months will continue to provide support that Cerro Negro is one of the best undeveloped projects in the world. Our exploration continues to deliver exciting results, we will mobilize the underground development prior to year-end, and the bankable feasibility study work is on schedule for completion next June."

Andean Resources Ltd. is a dual listed company (TSX:AND)(ASX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a mid-tier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.

Urex Terminates Sale of Argentine Subsidiary to SGI

Urex Energy Corporation : (the “Company” or “Urex”) (OTCBB:URXE) reports that it has terminated a Share Purchase Agreement for the sale of its Argentine subsidiary, United Energy Metals SA (UEM) to SGI Partners, LLC of Carlsbad, CA.

The above noted agreement is discussed in a Company news release dated August 4, 2009. The Company is continuing negotiation with other interested groups for the sale of UEM.

About Urex Energy Corporation

Urex Energy Corp. is focused on actively exploring and developing uranium properties in New Mexico. Urex also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico.

The La Jara Mesa Extension property lies adjacent to Laramide Resources Ltd.'s La Jara Mesa deposit. Between 1950 and 1978 the Grants Mining District produced 270 million pounds of uranium oxide which ranks it as the most prolific uranium district in the United States.

Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Urex Energy Corporation. Mr. Richard Bachman, 775-747-0667 info@urexenergy.com http://www.urexenergy.com/


Troy Resources NL: CEO Presentation-AGM 2009


PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 27, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) Please be advised that Troy Resources NL has released its CEO Presentation AGM 2009 to shareholders. The Presentation can be accessed via the Troy Website www.try.com.au

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects", and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Brazil, Australia and Argentina projects, including a description of Troy's quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the Troy's project please refer to the technical report which are available under the Company's profile at www.sedar.com.

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.


Artha Announces Pirquitas Properties Update


VANCOUVER, BRITISH COLUMBIA--(Marketwire – Nov. 26, 2009) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that results from Phase 1 reconnaissance mapping and sampling program have confirmed the potential for discovery of precious and base metal mineralisation on the Company's properties in Jujuy Province, NW Argentina immediately adjoining the Pirquitas Mine which is owned and operated by Silver Standard Resources.

•The previously identified Noelia Breccia prospect adjoining Pirquitas shows geochemical and geological signatures suggestive of the upper levels of a Au-Ag low sulphidation epithermal systemand
•A broad, 6km by 2km contact zone on the Vallecito property (40km east of Pirquitas) between sediments and dacitic intrusives suggest potential for skarn replacement mineralisation.
The geological reconnaissance work consisted of mapping 12,995 hectares to a scale of 1:50,000 on the Crosby (previously named Davcha Option) and Pirquitas Norte (previously named Davcha JV) properties as well as 6,373 hectares on the Vallecito (previously named Davcha 1) property. A total of 63 rock ship samples were collected and submitted to ALS-Chemex laboratories in Lima, Peru for analysis.

Results from this first phase work have clearly demonstrated that a number of high priority targets exist with geological, geochemical and structural indications consistent with both low sulphidation Au-Ag epithermal systems and large skarn deposits similar to the Aguilar mine approximately 100km south of Artha's properties.

These ore deposit models have potential for large bulk tonnage, precious and based metal deposits and are considered highly prospective based on a number of important factors including;

•their geological setting in one of the most highly mineralised areas of South America, the Bolivian Silver-Tin Belt;
•their proximity to currently operating mines at both Pirquitas (large, medium grade silver-tin-zinc deposit with reported reserves of just under 200 million ounces of silver, see www.silverstandard.com) and Aguilar (a large skarn replacement deposit with historical production exceeding 25 million tonnes of ore mined at an average grade of 6.2% zinc, 5.5% lead and 60-100 g/t silver, Sureda and Martin , 1990).
•Their geological setting and surface expression observed to date, including lithilogical, structural and geochemical signatures and
•The work completed by Artha to date, is the first modern exploration ever to be done on these properties which provides a very exciting opportunity for discovery. Detailed work will continue immediately on these prospects with surface mapping and sampling followed by induced polarisation surveys.
PIRQUITAS PROPERTIES

Noelia Breccia Prospect

a.A potential Au-Ag epithermal system on the Noelia Breccia prospect consists of a large mapped outcrop 1.6km by 0.8km on the eastern limb of the anticline structure which hosts the Pirquitas Mine. Anomalous values up to 120ppm As, 137ppm Sb, 249ppm Zn, 23ppb Au and 256ppm Cu.
b.A good geochemical correlation was observed between Au-Ag, As-Sb-Hg and Cu-Cd-Zn, which is considered as an affinity with epithermal systems containing Au-Ag mineralization.
Pirquitas South Prospect

a.This prospect contains an observed large stockwork 1.8 km x 1.5 km in size containing moderate quartz and iron oxide mineralisation with evidence of remnant sulphides.
b.Geochemical assays of eight samples of weathered rock from outcrops show moderate to weak anomalies of Zinc up to 119ppm; Arsenic up to 550ppm and Mercury up to 1300ppb.
c.The anomalous assay values and large footprint of the structure of the stockwork in the mapped zone suggest that the stockwork may be related to a mineralization phase similar to that found in Pirquitas.
VALLECITO PROPERTY

Los Gossan Prospect.

a.A contact zone between Ordovician sediments and dacite domes where two gossan bodies 300m x 300m were mapped. The gossans show intense silicification and breccia content. The mineralogy is essentially massive hematite and goethite in a breccia matrix.
b.A zone 6.0 km x 2.0 km was identified and is a contact zone between the sediments and the dacite intrusives where iron gossans occur.
c.Geochemical assays of five samples of rock and gossan outcrop revealed some anomalous values including Zinc values up to 422ppm, Arsenic up to 106ppm and Antimony up to 42ppm.
d.The evidence suggests that this might be an IOCG type deposit but also has potential for an iron skarn deposit linked to contact metasomatism.
Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class mining company, focused on the development and mining of economic minerals deposits world wide.

On Behalf of the Board of Directors,

Todd McMurray, President

To view the maps associated with this release, please click on the following link: http://media3.marketwire.com/docs/AHCC1126.pdf.

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.



23 nov 2009

NEW SAN MARCOS DISCOVERY AT CERRO NEGRO


November 23, 2009, Perth Australia -- Andean Resources (AND:ASX; AND:TSX) is pleased to report another new vein discovery from the ongoing exploration drill program at its 100% owned Cerro Negro project in Southern Argentina. Today’s release includes the results of four new drillholes at 100 meter spacing over a strike length of 300 meters and approximately 150 meters beneath the surface:

SRC-901: 22m of 8.5 g/t gold and 58 g/t silver from 181m
SRC-902: 16m of 10.3 g/t gold and 86 g/t silver from 195m
SRC-903: 7m of 8.1 g/t gold and 77 g/t silver from 189m
SRC-904 1m of 6.8 g/t gold and 62 g/t silver from 189m

A fifth hole, SRC-905, was drilled 100m west of SRC-904 and did not intersect the vein. The widths reported above are intersected widths, which are generally, but not always less than the true widths. Andean has assumed an underground cut-off grade of 2.5 g/t gold at San Marcos for all the interval summaries reported in this release.
The first ore-shoot at San Marcos has been intersected over a strike length of 300 meters and is open to the east and to depth. The widest intersection is SRC-901 with an intersected width of 22m and is the eastern-most hole. The vein narrows to the west with sequential holes SRC-902, SRC-903, and SRC-904, all of which obtained successively narrower intersections. Further drilling is in progress with results pending to test the extension east of SRC-901.
Wayne Hubert, Andean’s President and CEO commented, “This new discovery is another testament to the highly prospective exploration potential at Cerro Negro. San Marcos is a new gold and silver discovery on the northern part of the property position. This new discovery now opens up the potential for additional discoveries along strike in a north-west direction between the Bajo Negro and San Marcos veins, as well as for parallel veins at the Mariana targets between Eureka and San Marcos. The exploration team continues to focus on adding value through the drill bit at the Cerro Negro site.”

Figure 2


Background to the San Marcos Discovery
San Marcos is located north of the Mariana targets (see Figure 1) with a northwest-trending breccia vein and an east-west splay off the breccia vein. The north-west trending breccia vein crops out for about 200 meters and is developed at the faulted contact between andesite and ignimbrite. The east-west vein splay is exposed over 250meters (see Figure 2).

Pegasus Gold International had drilled an RC hole into each of these structures during the 1990’s.
Both holes intersected the structures, with 3 meters of 3.65 g/t Au in the east-west vein and 2 meters of 2.64 g/t Au in the breccia vein.
Sixteen rock chips were collected from the east-west vein during the September quarter with an average grade of 12.2 g/t Au and 52 g/t Ag. Six rock chip samples from the breccia vein assayed 0.2 to 1.9 ppm Au, and one additional sample assayed 121 g/t Au, 59 g/t Ag.
Next Steps
Five drill-rigs are currently drilling on the Cerro Negro property. Four rigs are focused on completing the delineation drilling at Bajo Negro, as well as geotechnical drilling at the new plant site and tailings dam areas. Currently, one drill-rig is focused on exploration drilling at the San Marcos and Mariana Norte targets.

SRC-905, SRC-906, and SRC-907 were drilled to test the north-west trending breccia vein, and encountered narrower, less well-developed quartz vein intercepts. SRC-908 was drilled as a 100m step-out to the east of SRC-901, on the east-west vein at San Marcos, and quartz vein was intersected. Assays are pending.
Once most of the drilling related to the feasibility is completed at year-end, these drill-rigs will be available to continue exploration of the San Marcos, Bajo Negro, and Mariana areas.

Quality Control and Assurance
The analytical results quoted in this release are derived from half drill core in the case of diamond drill holes. Samples are prepared and assayed by ACME Analytical Laboratories SA (Mendoza) in Mendoza, Argentina. Gold is determined initially by fire assay with AA finish. Samples assaying more than 10 ppm gold are re-assayed using a gravimetric finish.
Silver is determined initially by AAS, and samples assaying more than 100 ppm silver are re-assayed by fire assay with gravimetric finish. Quality control of the analytical results is maintained by inserting standards, blanks, and duplicates into
the sample run, approximately every twenty samples. Additional quality control is maintained by sending assay sample splits to a second laboratory from time to time. These checks are evaluated statistically at regular intervals. All analytical
data are entered into a Microsoft Access database, with limited access and numerous checks to ensure integrity of the data.
Competent Persons Statement
The information in this Report that relates to exploration results is based on information provided by David Shatwell who is a Fellow of the Australian Institute of Geoscientists. Mr. Shatwell has extensive experience relevant to the style and type of mineralisation and deposits under consideration, and to the activity undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves" (the JORC
Code). Mr. Shatwell consents to the inclusion in this Report on his work in the form and context in which it appears.

See more >> http://www.andean.com.au/pdf/news/2009/andean_091123.pdf

Andean Resources Ltd. is a dual listed company (ASX/TSX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a midtier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-rade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.



20 nov 2009

Artha Resources Corporation: Multiple Targets Generated from Reconnaissance Mapping on Argentina Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2009) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that the company has successfully completed reconnaissance mapping on its five new properties in NW Argentina. This initial exploration generated a number of high priority targets requiring detailed follow-up work. The new prospects demonstrate the high prospectivity of the properties where the recent field work is the first modern exploration ever completed on the properties.

Field work focused on the two properties surrounding Silver Standard's Pirquitas silver (tin-zinc) mine (Map 1: http://media3.marketwire.com/docs/ART1118.pdf) where geological and structural targets have been identified. The targets were generated initially through ASTER satellite imagery interpretation which suggested that broad zones of alteration were apparent along with favourable structural zones in specific areas. These targets were followed up with reconnaissance level mapping. This initial work has resulted in five prospects being defined and are summarised in Table 1 below.







The Noelia Breccia Prospect was initially identified through satellite imagery interpretation which showed a broad zone of alteration extending north from the Pirquitas Mine. Follow-up field work lead to the identification of a large tectonic breccia with dimensions of 1.5km x 0.6km. The breccia is hydrothermally altered and is aligned along a NW structural system with NE cross-cutting secondary structures, consistent with the major regional structures which host many of the known deposits in the area. Observed alteration in the breccia consists of strong argillic and moderate silicification (quartz–sericite) with clasts of altered sediments (Ordovician sediments which host the Pirquitas mineralisation) held in a matrix of iron oxide and quartz veinlets. This is considered a high priority prospect and detailed follow-up mapping and sampling will begin this week with an induced polarisation geophysics survey to follow.

The Pirquitas South Prospect is a stockwork system in the same Ordovician sediments that host the Pirquitas Mine. The stockwork sits within the intersection of a NW and NE structural system and contains a hydrothermally altered zone with moderate to strong argillic alteration and veinlets of quartz and iron oxides. The size of the main alteration halo is approximately 1.6km x 1.4 km with two smaller halos mapped to the south and south west. The mineralogy is dominated by limonite and a variety of iron oxides. The prospect is high priority and will be mapped in detail in the new year in conjunction with an induced polarisation geophysics survey.

The Pirquitas NW Prospect contains Ordovician shales and sandstones with weak argillic alteration and covers an area of approximately 0.7 x 0.5 km. The structure is dominated again by a NW structural system consistent with other local targets. The rocks contain fractures and veinlets filled with iron oxides. Further work will focus on surface mapping and trenching plus induced polarisation geophysics.

The C Bayo & Loma Azul E Prospects are similar to the Pirquitas NW prospect and consist of a number of small halos of weak argillic alteration in Ordovician shales and sandstones. The outcrops are located in an extension from the NW structural system which hosts the Pirquitas Mine. Iron oxides in veinlets have been observed in the outcrops. Over the next few months the prospects will be mapped in detail.

Further regional mapping and target generation will continue on the properties and based on the success of the recent work in identifying new prospects for detailed work the Company is confident that further targets will be indentified. The Company is very pleased with the success of the recent programs and the very promising targets identified. Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class mining company, focused on the development and mining of economic minerals deposits world wide.

On Behalf of the Board of Directors,
"Todd McMurray"
President

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.


10 nov 2009

Lithium One Appoints Martin R. Rowley Chairman of the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - Lithium One Inc (the "Company") (TSX VENTURE:LI), is pleased to announce the appointment of Martin R. Rowley as non-executive independent Chairman of the Company's Board of Directors. The appointment is effective from November 10th, 2009. Mr. Rowley has had a distinguished career for over 25 years in the mining industry, being involved in the financing and development of several successful mines. Most notably Mr. Rowley was a co-founder of First Quantum Minerals Ltd in 1996. First Quantum is a highly successful mining and metals company with operations in Zambia, the Democratic Republic of Congo and Mauritania in Africa, as well as in Finland. Mr. Rowley served as First Quantum's CFO and as a Director until January 2007, and is currently the company's Executive Director, Business Development. He is also non-executive Chairman of Forsys Metals Corp, a leading company in the uranium sector.

Lithium One's new Chairman remarked, "I have been most impressed with the ability of the Board and management of Lithium One to have already assembled two key world class lithium projects in stable jurisdictions together with a highly experienced technical team to ensure that both projects can be developed as rapidly as possible. For obvious reasons the renewable energy market is growing rapidly, particularly in the transportation sector, with a global shift in focus from internal combustion to hybrid and electric powered vehicles. Lithium batteries will power many of these. Lithium One is well positioned to enter the ranks of lithium producers and meet this increased demand."

Commenting on Mr. Rowley's appointment, Lithium One's President, Patrick Highsmith stated, "We are very pleased that Martin has agreed to join our team. He has helped build a company from start up to a market capitalization of currently over $5 billion. He has a proven eye for identifying value adding projects, vast experience in the capital and debt markets financing those projects, and then being part of a team developing them into successful operations. We look forward to enjoying the benefit of his experience and strategic vision."

Lithium One's Board has also approved the granting of 700,000 stock options to certain officers and directors of the Company, which options are exercisable into common shares of the Company at a price of $0.90 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan the options have a term of 5 years and will expire on November 10th, 2014.

About Lithium One:
Lithium One Inc is a well-financed explorer and developer of mineral properties with a specific focus on lithium. The Company now has two major lithium projects: the Sal de Vida lithium brine project in Argentina and the James Bay bulk tonnage spodumene project in Quebec. The Company continues to advance both projects toward the resource stage, expecting NI 43-101 compliant resource estimates early in 2010.

Lithium One believes that lithium demand will grow as its value and efficacy in "green energy" applications is fully realized. The Company's strategy is to build a portfolio of high quality producing lithium assets.

ON BEHALF OF THE BOARD OF DIRECTORS,
Patrick Highsmith, M.Sc.
President and Chief Executive Officer

Forward-Looking Statements
This document may contain "forward-looking information" within the meaning of Canadian securities legislation (hereinafter referred to as "forward-looking statements"). These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions, title disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.


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

5 nov 2009

Troy Resources NL: Shareholder Letters Re Entitlements Issue


PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 5, 2009) - Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Please find attached copies of letters to be mailed to shareholders today regarding the Pro-Rata Non-Renounceable "Entitlements Issue". The first letter is to be mailed to those shareholders able to participate in the Entitlements Issue. The second letter is to be mailed to shareholders in Countries where it is unreasonable to make an offer under the entitlements issue. This announcement and attached letters can be accessed via the Troy Website www.try.com.au "Latest News" and will also be available under the Companies profile on the SEDAR website www.sedar.com.

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects", and is a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Brazil, Australia and Argentina projects, including a description of Troy's quality assurance program, quality control measures, the geology, samples collected and testing procedures in respect of the Troy's project please refer to the technical report which are available under the Company's profile at www.sedar.com.

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations

ABN 33 006 243 750



For more information, please contact

Troy Resources NL
Mr. David R. Sadgrove
Chief Financial Officer
(61 8) 9481 1277
(61 8) 9321 8237 (FAX)
troy@troyres.com.au
www.try.com.au

Latin American Minerals Discovers Important New Gold Zone at Its Paso Yobai Gold Project, Paraguay


TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Latin American Minerals Inc. (the "Company" or "LAT") (TSX VENTURE:LAT) reports that it has found a new gold soil anomaly at the Paso Yobai project, Paraguay. The new anomaly covers an area 10km long by 3 km wide. The new anomaly trends NW-SE and is located 3 km NE of the currently known 8 km long gold zone. The new anomaly is located in a 5,777ha area staked by the Company.

The new trend consists of three distinct clusters running up to 200ppb gold covering an area of 8 km2 (see the accompanying map and maps at www.latinamericanminerals.com). Typically, such high intensity geochemical values in the Paso Yobai area are a direct indicator of underlying gold bearing host rocks. The geochemical signature of these new clusters is different from those previously encountered. The clusters are circular in nature and are not related to mafic dykes as is the case with the 8 km long southern gold trend where the Company has focused previous exploration (the "Existing Gold Trend", see the accompanying map and maps at www.latinamericanminerals.com). The circularity of the new clusters has not yet been explained but could be related to diatreme structures. Through-out the new anomaly area there occur widespread chalcedonic quartz float boulders which is considered to be very positive and are being assayed.

LAT is proceeding to carry on large scale trenching work (10 to 15 m deep) to expose the mineralization found in the soils and to prepare a drilling campaign on the new targets. LAT has found that soil sampling, large scale trenching and drilling has been the best method to discover near surface gold mineralization at Paso Yobai.

Waldo Perez, President and CEO of the LAT states that "every exploration campaign at Paso Yobai yields new gold mineralization and additional targets. The technical results continue to indicate that the LAT properties cover a very large, high grade gold system".

The Company also reports that it has successfully renegotiated the payment terms of the two property option agreements that make up part of the Paso Yobai gold project.

- Minas Guaira Agreement amended payment terms: US$250,000 to be paid on October 17, 2009 (payment has been made), the dollar equivalent of 240 ounces of gold (approximately US$260,000 at the current market price) on or before April 17, 2010, and a final payment of the dollar equivalent of 959 ounces of gold (approximately US$1,040,000 at the current market price) on or before October 17th, 2010. The dollar equivalent for the gold in each instance will be calculated to be the greater of US$1,043 per ounce and the market price for gold on the date the payment is due.

- Minas Paraguay amended payment terms: The October 18th, 2009 payment of US$ 350,000 will be satisfied by a cash payment of US$100,000 to be paid on November 5, 2009 and the issuance of 1,287,976 common shares of the Company (subject to TSX Venture Exchange approval). The remaining terms of the property option agreements remain the same.

Ray Mitchell, CFO of the Company stated that "the restructuring of these property option payments along with the recently completed $1.5 million financing lays the foundation for the Company to advance the property development well into 2010."

Dr. Waldo Perez, P.Geo., is the Company's internal Qualified Person under the requirements of National Instrument 43-101 and is responsible for this press release.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of gold and other mineral projects in Latin America. LAT's currently contemplated 2010 exploration programs at Paso Yobai are fully funded.

Sampling and Analytical Protocols: The sampling and analytical protocols were established, implemented and supervised by or under the direction of Dr. Waldo Perez, the Company's internal Qualified Person as defined by National Instrument 43-101. The soil samples were collected on northeasterly trending grid lines established at 250 metre intervals perpendicular to the known mineralized trend. Individual samples were collected at 50 metre intervals on all grid lines. The sample was collected below the level of organic matter, between 0.8 and 1.2 metre deep. A total of 5 kilogram sample was collected and sieved to -150#. Several tests have been done at different depth and grain size in known mineralized zones to maximize reproducibility and minimize nugget effects. All of the samples were collected by qualified technician and/or qualified technicians under the direct supervision of the project geologist. The samples were tagged with a pre-numbered tag and bagged in micropore bags to allow humidity to evaporate. The samples were sent to the preparation facility of Lat in Paso Yobai that is supervised by Alex Stewart Assayers Argentina S.A. ("ASAA"). The samples were dried in stainless steal containers at 80 degrees and sieved at -140# mesh. In those cases that small pellets were formed during drying due to high clay content of the sample the pellets were crushed by hand using a stainless steal ball. After drying and sieving the sample was split as many times as needed to obtain a 200 gram pulp that is shipped by a company truck from Paso Yobai to Asuncion and by an international courier from Paraguay to Mendoza Argentina to the laboratories ASAA in Mendoza (Argentina). ASAA is an ISO 9001-certified laboratory with headquarters in England. All samples were assayed for gold and multi-elements by ICP. Gold was analyzed by Fire Assay with AA finish using 50 gram sample. For the multi-elements the samples were dissolved in Aqua Regia at 120 degrees and read in ICP-OES. Accuracy of results is tested through the systematic inclusion of blanks and certified reference standards.

Notes: This news release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These forward-looking statements, including statements regarding the Corporation's beliefs in potential mineralization, are based on current expectations, assumptions and projections about future events and entail various risks and uncertainties that are beyond the Corporation's ability to control or predict. Actual results may materially differ from expectations as more information regarding a property is gathered or if the Corporation's estimates or assumptions prove inaccurate. Factors that may materially affect actual results include, but are not limited to, political, business and economic conditions in jurisdictions where the Corporation conducts business, and risks associated with mineral exploration and production. The Corporation does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements. The results described herein are exploratory in nature and there can be no assurance that they are indicative of Mineral Resources as defined in accordance with National Instrument 43-101.

To view the Figure, please visit the following link:

http://media3.marketwire.com/docs/zone.jpg


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

For more information, please contact

Latin American Minerals Inc.
Ray Mitchell
CFO
(416) 363-0841
www.latinamericanminerals.com

2 nov 2009

Sinomar Capital Corp. Announces Signing of Share Purchase Agreement for Qualifying Transaction and Proposed Advance of Refundable Deposit

CALGARY, ALBERTA--(Marketwire - Oct. 28, 2009) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Sinomar Capital Corp. (the "Corporation") (TSX VENTURE:SMM.P), a capital pool company, announces that, further to its announcement on June 23, 2009, it has entered into a Share Purchase Agreement ("Share Purchase Agreement") with Cerro Cazador S.A. ("CCSA"), HuntMountain Resources Ltd. ("HuntMountain") and HuntMountain Investments LLC, with respect to the proposed acquisition by the Corporation of all of the issued shares of CCSA, a wholly-owned subsidiary of HuntMountain.

The Share Purchase Agreement contemplates that the Corporation will, subject to acceptance by the TSX Venture Exchange (the "Exchange") and meeting other regulatory requirements, issue a total of 29,118,507 Common Shares and 20,881,493 non-voting convertible preferred shares to HuntMountain at a deemed price of Cdn$0.30 per Common Share and Cdn$0.30 per convertible preferred share in exchange for all of the issued and outstanding shares of CCSA (the "Acquisition"). Each convertible preferred share shall be convertible into one Common Share of the Corporation, for no additional consideration, at any time as long as the public float is not less than 20%. It is intended that the Acquisition will constitute the Qualifying Transaction of the Corporation in accordance with Policy 2.4 of the Exchange.

The Corporation also announces that as part of the Qualifying Transaction, it proposes to advance a refundable deposit to HuntMountain in the amount of $200,000, subject to the final approval of the directors of the Corporation and Exchange acceptance.

Trading in the shares of the Corporation will continue to be halted until such time as all required documents are filed with the Exchange.

Upon completion of the Qualifying Transaction, the Corporation will be classified as a Mining Issuer on the Exchange.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

About Sinomar

Sinomar Capital Corp. is a capital pool company and has entered into a share purchase agreement to acquire all of the issued shares of Cerro Cazador S.A., a wholly-owned subsidiary of HuntMountain Resources Ltd.

About CCSA and HuntMountain

Cerro Cazador S.A. ("CCSA"), based in Buenos Aires, is a mineral exploration and development company carrying on exploration operations and owning properties in Argentina. HuntMountain Resources Ltd. ("HuntMountain") is an international exploration company engaged in acquiring and exploring precious metal properties in North and South America. HuntMountain is currently quoted on the Over the Counter Bulletin Board (OTC-BB) market under the symbol "HNTM". CCSA holds interests in six mineral exploration properties, La Josefina, Bajo Pobre, El Gateado, El Overo, El Alazan and El Tordillo, all located in Santa Cruz province, Argentina.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

For more information, please contact

Sinomar Capital Corp.
Alan Chan
CFO
(403) 237-8330
(403) 228-3013 (FAX)
alanchan@telusplanet.net
or
HuntMountain Resources Ltd.
Bryn Harman
CFO
(509) 892-5287