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.

31 ago 2009

Cadillac Announces Termination of Tendal Project Initiative

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2009) - Cadillac Ventures Inc. (TSX VENTURE:CDC) ("Cadillac" or the "Company") announces that it has been unable to reach a final agreement with Latin American Minerals Inc. in regards to the previously announced heads of agreement (press release dated June 16, 2009) concerning the Tendal VMS project in Argentina. The Corporation does not intend to pursue further negotiations.

About Cadillac

Cadillac is a development focused exploration Company which has two Canadian exploration projects, located in regions that have been historically active, and exploration projects in Spain and Argentina.

The New Alger project located outside of Cadillac, Quebec is wholly-owned, previously producing gold mine, where the Company has commenced a long term drill program designed to identify the scope of mineralization present on the Company's property. The Burnt Hill Project is 51% owned tungsten tin project located outside of Fredericton, New Brunswick. In Spain, the Company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of a number of high potential properties surrounding the Aguas Tenidas Mine.

Forward Looking Statements

This news release may contain certain forward-looking statements under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "believe", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary licences and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Cadillac assumes no obligation to revise or update these forward-looking statements except as required by law. All dollar amounts are in Canadian dollars unless otherwise noted.


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.



30 ago 2009

Silver Standard in the news: Silver boss set a new Standard. He had a quality Teck spotted and a glittering career was born

By Paul Luke, The Province
August 30, 2009 3:17 PM

Vancouver-based Silver Standard Resources' president and CEO Bob Quartermain (right) in the field, inspecting a high-grade joint gold-and-silver project at San Luis in Peru.Photograph by: Handout, Silver Standard ResourcesAcid-tongued promoters in Vancouver's Howe Street might have sneered when Bob Quartermain became head of Silver Standard Resources in 1985.

Quartermain, then 29, couldn't read a balance sheet. He'd never met an accountant or a lawyer.

He didn't didn't own a suit.

Worst of all, unctuous hyperbole didn't quite flow like holy oil from his plain-spoken lips.

Still doesn't.

Sure, Quartermain was a smart exploration geologist. But lots of bright boys with sharp technical skills prove to be lousy company builders. Why would Teck, which owned 32 per cent of Silver Standard, have offered the job to an unproven bush rat?

Continue reading at: http://www.theprovince.com/Silver+boss+Standard/1944320/story.html




Arapaho and Malbex Business Combination Update

Arapaho Capital Corp. (TSX VENTURE:AHO) ("Arapaho") and Malbex Resources Inc. ("Malbex") report that they continue to progress towards completion of their previously-announced business combination (the "Proposed Transaction"). The Proposed Transaction will be effected by way of a three-cornered amalgamation whereby Malbex will amalgamate with a wholly-owned subsidiary of Arapaho and shareholders of Malbex will receive common shares of Arapaho on the basis of one common share of Arapaho for 1.5 common shares of Malbex.

Arapaho intends to obtain shareholder approval of the Proposed Transaction by way of written consent of holders of a majority of the outstanding Arapaho common shares. Earlier today, Arapaho filed with the TSX Venture Exchange (the "Exchange") a draft of the filing statement required by Exchange policies to be delivered to Arapaho shareholders in connection with obtaining their approval. The filing statement must be approved by the Exchange before it is delivered to shareholders.

Malbex has previously obtained shareholder approval of the Proposed Transaction, and each of Malbex and Arapaho have completed their due diligence investigations in connection with the Proposed Transaction. The approval of the Proposed Transaction by Malbex shareholders and the completion of satisfactory due diligence were conditions precedent to completion of the Proposed Transaction.

It is currently anticipated that the closing of the Proposed Transaction will take place on or before September 15, 2009.

About Malbex Resources Inc.

Malbex is a private gold exploration company led by several former executives and directors of Aurelian Resources Inc. Malbex holds an indirect 100% interest in three exploration projects in the Province of San Juan, Argentina, two of which are in close proximity to Barrick's Veladero and Pascua-Lama gold deposits. Malbex has outstanding 52,799,996 common shares and 21,275,000 subscription receipts which were issued pursuant to a private placement completed by Malbex on June 30, 2009 (see news release issued by Arapaho and Malbex dated June 30, 2009).

About Arapaho Capital Corp.

Arapaho is an investment company. Its objective in managing capital is to ensure sufficient liquidity to pursue potential investments. Arapaho has not had any active business operations for the past three years. Its only source of revenue is interest earned from funds on deposit. Its expenditures are for costs to maintain a public company in good standing and to identify and evaluate potential business ventures or properties.

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

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed reverse take-over transaction and its anticipated closing date. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration and testing. There can be no assurance that such 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. Arapaho and Malbex disclaim 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 law.

The TSX Venture Exchange has in no way passed upon the merits of the Proposed Transaction and 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

Arapaho Capital Corp.
Brian Bayley
President and Chief Executive Officer
604-689-1428
604-681-4692 (FAX)

or

Malbex Resources Inc.
Tim Warman
President and Chief Executive Officer
416-566-6762
timwarman@malbex.ca




27 ago 2009

Troy Announces a Profit of A$16.7 Million and Builds the Foundation for Future Growth

PERTH, WESTERN AUSTRALIA--(Marketwire - Aug. 27, 2009) - Troy Resources NL (TSX:TRY)(ASX:TRY) -

Highlights:

- Net profit after tax of A$16.7 million
- Pays 10th consecutive fully-franked cash dividend. FY2009 4 cents per share
- 53% increase in gold production to 61,832 ounces
- Acquired the Casposo gold/silver deposit in Argentina
- 32% increase in the Casposo Mineral Resource
- Commenced production from the high grade Mamao underground mine at the Andorinhas operation in Brazil
- The Sandstone mine which was due to close in February 2009, will now continue production through at least July 2010 with the mining of additional ore (30,000oz) from a cut back to the pit at the Lord Nelson deposit
- Discovery of high-grade mineralisation at the Two Mile Hill prospect at Sandstone, Western Australia including an intercept of 13.7m at 25.98g/t Au
- 96% increase in gold Reserves to 539,500oz, a 60% increase in Measured and Indicated gold Resources to 893,400oz and a 240% increase in Indicated Resources to 648,400oz
- Maiden silver Reserves of 6.7 million ounces and silver Indicated Resources of 15.4 million ounces
- Cash reserves of over A$35 million
- Unhedged gold and silver position
- Debt free

Growing junior gold producer, Troy Resources NL today announced a profit of $16.7m for the financial year ended 30 June 2009. This result compares to a loss $17.6m in FY 2008.

The profit for the year came from gold production of 61,832 oz and gold sales revenue of $75.4 million (FY2008: 40,318 oz and $39.7m). The result included the first full year of production from the Company's new underground gold mine at Andorinhas in Brazil.

Commenting on the results Troy's CEO, Paul Benson, said: "This has been a very good year for Troy. Last year we said FY2008 had been a year of transition as we positioned the Company for growth. In FY2009 we have laid strong foundations and started delivering on that growth.

"We saw a 53% increase in gold production compared to last financial year and have reported a profit of A$16.7 million. We have rewarded shareholders with a 33% increase in our dividend to 4 Australian cents per share which represented a dividend yield of 2.3%. It is worth noting that this is Troy's 10th consecutive, fully-franked cash dividend.

"Although the results for the year were impressive, it's the foundation that we have laid for the Company's future growth which has been most pleasing. With the acquisition of the Casposo project in Argentina, Troy now has the longest forecast production profile in the Company's history. The Casposo acquisition and exploration at Sandstone have led to significant increases in gold Reserves and Resources, again giving us the largest gold and silver inventory in the Company's history.

"We have started development of the Casposo project and expect it to be in production in the September quarter of 2010. Casposo will be a low cost gold mine that will help lift the Company's production well above 100,000 ounces per year.

"We see the year ahead as just as exciting with excellent potential to add further to our Reserve and Resource base. The high grade discovery at the Two Mile Hill prospect at Sandstone will be tested before the end of the calendar year. Similarly we will be testing targets at Andorinhas in Brazil and surface targets at Casposo.

"Troy is excellently placed to achieve its vision of becoming a profitable mid-tier gold producer," Mr Benson said.

CLEAN BALANCE SHEET

At the end of July 2009, Troy had cash reserves of over $35 million, with no debt and no forward sales in place.

Notably, Troy's profit result for FY2009 was achieved after allowing $7.2 million for exploration expenditure (FY2008: $11m) and $10.5 million for depreciation and amortization (FY2008: $5.1m). Troy has an aggressive exploration program aimed at increasing reserves and resources and generally this expenditure is expensed in the year it is incurred.

10TH CONSECUTIVE DIVIDEND

In recognition of the excellent potential to continue growing Troy's gold resources the Board increased the final annual fully-franked dividend by 33% to 4 Australian cents per share (FY2008: 3.0 cents). This represented a yield of 2.3% based on the share price on August 7, 2009. The record date for entitlement to the dividend was August 21 and it will be paid on September 4, 2009.

OPERATIONS

During the year mining was completed in the Lagoa Seca open pit at Andorinhas with production now coming from the higher grade Mamao underground mine.

At Sandstone low grade stockpiles were processed for the majority of the year. A new cut back in the Lord Nelson pit will provide mill feed through the 2010 financial year. Drilling of the Two Mile Hill prospect led to the discovery of high grade mineralisation which will be drill tested before the end of the 2009 calendar year.

In May 2009 Troy acquired the Casposo deposit in Argentina from Intrepid Mines paying US$20 million from cash reserves. An additional US$2 million is payable on the 6th month anniversary of first production. Construction will commence in the September quarter of 2009 and first production is expected in the September quarter of 2010.

To view a full copy of the Appendix 4E - Preliminary Financial Statements for the year ended 30 June 2009, please click on the following link: http://media3.marketwire.com/docs/try827appendix4e.pdf

ENDS

Information of a scientific or technical nature in this news release 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", 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 Company's projects in Brazil, Australia and Argentina, including a description of Troy's quality assurance program, quality control measures, the geology, samples collection and testing procedures in respect of the Company's projects please refer to the technical reports filed which are available under the Company's profile at www.sedar.com or on the company's website.

This news release contains "forward-looking statements" and "forward-looking information", based on assumptions and judgements of management regarding future events and results. Such "forward-looking statements" and "forward-looking information which may include, but are not limited to statements with respect to the expected development of the Casposo and Two Mile Hill projects. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "is expecting", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Troy and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, future prices of gold and silver, 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, the possibility of cost overruns, as well as those factors disclosed in the Company's filed documents. There can be no assurance that the development of the Casposo and Two Mile Hill projects will proceed as planned or that they will be successfully completed within expected time limits and budgets or that, when completed, the mines will operate as anticipated or that expected production levels will be achieved.

ABOUT TROY RESOURCES

Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, and its current assets are forecast to continue to generate strong cash flow. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

To view the Project Locations maps please click on the following link: http://media3.marketwire.com/docs/try827.pdf

ABN 33 006 243 750

For more information, please contact

Troy Resources NL
Mr. Paul Benson
Chief Executive Officer
(618) 9481 1277
(618) 9321 8237 (FAX)
troy@troyres.com.au
www.try.com.au

or

Purple Communications
Annette Ellis / Warrick Hazeldine
Media Relations
(618) 6314 6399
aellis@purplecom.com.au



Latin American Minerals Update: Lithium Americas Corp. Announces Private Placement

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT) ("LAT") has been advised that Lithium Americas Corp. ("Lithium Americas"), a private company in which LAT has approximately a 31% equity interest, intends to shortly close a private placement to raise gross proceeds of $7.5 million for exploration work on Lithium Americas' lithium and potassium brine properties in the lithium brine district of Puna, Argentina. One significant strategic investor in the Lithium Americas private placement will have Lithium Americas board representation, a pre-emptive right to maintain and in certain circumstances increase its equity interest in Lithium Americas and an option to acquire a percentage of any lithium production from the Lithium Americas properties provided that it maintains its equity interest in Lithium Americas and provides a loan for part of the funds necessary to build the mine following a positive feasibility study. LAT's current interest in Lithium Americas will decrease to approximately 20%, representing 8,400,000 common shares, following closing of Lithium Americas' private placement.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of minerals projects in under-explored but highly prospective countries of Latin America.

Investors are invited to visit the Latin American Minerals IR Hub at http://agoracom.com/ir/LatinAmerican where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LAT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


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.




25 ago 2009

Minera Andes initiates exploration on 100%-owned targets in Argentina

SPOKANE, WA, Aug. 24 /CNW/ - Minera Andes Inc. (the "Corporation" or "Minera Andes") (TSX: MAI and US OTC: MNEAF) is pleased to announce exploration plans for two principal areas in Argentina. 1) Santa Cruz province where the Corporation's San José mine is located and 2) San Juan province,
site of the Corporation's recent Los Azules copper discovery. The target in Santa Cruz province is high-grade epithermal gold-silver mineralization. In San Juan province porphyry-style copper mineralization is the primary target.

Exploration Program

Minera Andes plans to systematically evaluate its portfolio of properties in Santa Cruz and San Juan province. It is anticipated that in the next eighteen months all the properties currently held will be evaluated using satellite image analysis, soil and rock sampling and geologic mapping. We
expect to conduct further work, including various geophysical surveys, on 8 to 10 properties in total. Our work plan calls for reconnaissance core drilling on up to five targets (2,500 meters per target).

Santa Cruz Province -Big Potential - Many New discoveries

Since beginning exploration in Argentina in the 1990's, Minera Andes has one of the most successful exploration teams in Argentina with two discoveries to its credit: the now-producing San José mine (a joint venture between the Corporation and Hochschild Mining plc in which the Corporation has a 49% interest) in Santa Cruz province and the Los Azules porphyry copper project in the San Juan province. Santa Cruz is home to several significant precious
metal mines and new discoveries. It was not until the 1990's that the area began to be explored. Now that our mine is built and we have money in the bank, we will be aggressively looking at the discovery potential of our extensive land holdings.
The producing mines in the Deseado massif are: AngloGold Ashanti's Cerro Vanguardia mine (reserves of 3.5 million ounces (m oz) of gold and a production rate 220,000 oz per year); Pan American Silver's Manantial Espejo mine (reserves of 75 m oz silver and a production rate of 4 m oz silver and 60,000 oz gold per year); Coeur's Mina Marta (a reserve of 50 m oz silver and
a production rate of 2.7 m oz per year); and Minera Andes' discovery, the San José mine (reserves of 27.3 m oz silver and 412,000 oz gold, measured and indicated resources of 39 m oz silver and 570,000 oz gold with a production of 6 m oz silver and 60,000 oz gold per year).
Exploration continues to yield positive results in Santa Cruz. Notable recent exploration successes include Andean Resources' Cerro Negro property, close to San José, where a resource of 2.4 m oz of gold has been discovered at the Eureka vein and Exeter Resources' Cerro Moro property which so far has a resource of more that 600,000 oz gold equivalent. These new discoveries attest to the continued exploration potential of the Deseado Massif.
Minera Andes currently controls 35 properties in Santa Cruz province covering approximately 66,000 hectares. The exploration target is gold and silver mineralization in low- to intermediate-sulfidation epithermal systems.
Largely acquired on the basis of satellite imagery, geologic setting and proximity to known mineralized trends, these properties run the full gamut from grassroots properties, with little or no work done to date, all the way to targets ready to drill (Martes 13). Several properties have already been the focus of preliminary drill campaigns and will be re-evaluated as part of
the planned campaign.

San Juan Province

The Andean cordillera of Chile and Argentina hosts 18% of the world's copper resources. Alone, the Miocene copper belt of Chile contains 605 billion pounds of copper. Minera Andes has already made a significant copper discovery at Los Azules where 11 billion pounds of copper have been delineated at potentially mineable grades (in an inferred resource of 922 million tonnes of 0.55% copper). Los Azules is subject to an option earn-in agreement with
Xstrata Copper
In addition to Los Azules, Minera Andes holds three other porphyry copper targets in San Juan province. One of them, Los Chonchones, has been extensively sampled in a grassroots sense and displays characteristics (alteration etc) typical of productive porphyry copper systems and,
consequently, is a strong candidate for further work.

Initial results from the Celestina project, Santa Cruz province

As a precursor to the proposed program, drilling was completed at the Celestina property in early June. A total of 10 core holes were drilled to depths between 140 meters and 240 meters, for a total of 1,731 meters, to test for gold/silver mineralization. Drilling confirmed the presence of a low-sulfidation epithermal mineralized system. Nine of the ten holes cut significant widths of mineralized structures. Mineralized intercepts included strongly altered faults and breccias zones with some zones of gray to crystalline quartz. Identified minerals included abundant pyrite and occasional lead and zinc minerals. Assays revealed only weakly anomalous gold
(up to 1.2 g/t over 1.2 meters and 0.40 g/t over 0.3 meters in hole CL09-10) and silver values (up to 106 g/t over 2.4 meters in hole CL09-04). A thorough study of the geologic significance of the drill program will be made before any decision is made regarding further work.

Qualified Person

Assay results were reviewed by Brian Gavin, Minera Andes' vice president, exploration, who is an appropriately qualified person as defined by National Instrument 43-101. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to Acme Analytical Argentina, S.A., in Mendoza, Argentina, for fire assay and ICP
analysis. Accuracy of results is tested through the systematic inclusion of standards, blanks and check assays.

About Minera Andes

Minera Andes is a gold, silver and copper exploration company focused in Argentina. The Corporation holds or has an interest in approximately 304,000 acres of mineral exploration land in Argentina, including the properties comprising the San José silver/gold mine (a joint venture between the Corporation and Hochschild Mining plc in which the Corporation has a 49%
interest), which covers 50,941 hectares and is not included in the acres noted above.
Minera Andes is also exploring the Los Azules copper project in San Juan province, Argentina in respect of which a preliminary assessment has been completed and a technical report filed. Other exploration properties, primarily silver and gold, in southern Argentina, are being evaluated. The Corporation presently has 261,393,851 shares issued and outstanding.


22 ago 2009

Artha Options Properties Adjoining Silver Standards Pirquitas Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2009) - Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that the company has entered into an Option to acquire 5 exploration properties, 2 of which adjoin Silver Standard's Pirquitas Mine (see Map). The Pirquitas mine was recently completed at a cost in excess of $US220 million, and is expected to produce 10.9 million ounces of silver, 2,500 tonnes of tin, and 6,500 tonnes zinc per year over its 14.5 year mine life, based on current reserves. With proven and probable reserves of 195 million ounces, Silver Standard reports that Pirquitas is the largest silver mine in Argentina and one of the largest primary silver mines in the world. Subject to approval, a NI 43-101 technical report details the 5 properties which cover an area of 25,862 hectares or 100 sq miles. The properties are highly prospective for silver, zinc, tin, gold, uranium and copper.

The option agreement, subject to TSX.V approval is with Davcha Resources International Ltd., (DRI) a BC registered private company. Upon execution of the formal agreement, DRI Managing Director Charles Straw will join the Board of Artha and become its Chief Executive Officer. Mr. Straw is an economic geologist with over 15 years in the mining industry. His experience is multi-faceted ranging from environmental management and planning through to mineral exploration, project development, valuation, finance and corporate management. He holds an honours degree in applied geology from UNSW in Sydney and is a member of the CIM and AUSIMM. He has lead the exploration and evaluation of precious and base metals projects in Australia, South America and China. He is currently an alternate Director and General Manager of ASX and London PLUS listed Silver Mines Limited.

The 5 DRI exploration properties are located in Argentina in the north-east of the mining Province of Jujuy within the Departments of Rinconada and Cochinoca, close to the Pirquitas Sn-Ag-Zn mining area and close to the south-east Bolivian border and north-east limits of Chile (see Map). The geology of north-west Argentina is divided into three sub-parallel northerly-trending structural belts comprising from east to west, the Sub-Andean Range, the Eastern Cordillera and, the Altiplano (Puna). The exploration area is included in the latter structural belt which comprises Ordovician marine sediments, Tertiary continental sediments and, younger intrusives and volcanic rocks.

Mineral deposits in the region are dominated by base and precious metals as well as sulphur, borax and salts. Proterozoic rocks are dominant and include interbedded sandstones, shales and greywackes of the Ordovician Acoite Formation. These rocks are folded, typically with steeply-dipping axes that strike north to N 30 degrees W.

Mineralization at the Pirquitas Mine comprises a polymetallic deposit rich in tin, silver and zinc in the form of veins, stockwork veinlets and disseminations, hosted in the Ordovician Acoite formation. The mineralization is located on various groups of fractures of which the most important are orientated N 75 degrees W and N 45 degrees W.

Two of the properties surround the Pirquitas Mine on 3 sides (W, N and E), along strike and along potential lateral extensions of the mineralised structures that comprise the Pirquitas deposit. The old Pirquitas mine selectively worked the stronger veins within what has more recently been recognized as a stockwork system. Structures seen within the Pirquitas mine property pass into the DRI properties and are considered highly prospective. These two main properties are shown on the map as "Davcha JV" and "Davcha Option".

The Davcha JV property is owned by Cardero Resource Corporation whereby under notice of agreement dated 7th January 2007 DRI may earn a 55% interest by incurring exploration expenditures of US$1.0 million over 4 years. Upon DRI having earned its interest, the parties will enter into a Joint Venture (JV) and, thereafter each party is required to contribute its proportional share of further expenditures or be diluted on a straight-line basis.

The Davcha Option property is owned by Mr. G. Crosby and is under Option by Silver Star Resources Limited, an Australian registered company (SSR). SSR has assigned its 94% ownership in the Option to DRI for cash and retains a 2% NSR on the property. The total cost of the Option is approximately $US550,000 which includes payments to Crosby as per the Option agreement made over the last 2 years and to SSR for reimbursement of direct expenditure incurred on the property to date.

The three other properties (100% owned by DRI) are 32km to the east (Davcha 1), and 24km and 34km to the SW (Davcha 2 and 3 respectively). The Davcha 1 property was explored by the Mina Pan de Azucar Tin and Silver Mining Company some 40 years ago by trenching two separate oxide caps and, a quartz-baryte vein (Tupiza underground Mine) carrying some copper sulphides. All of these operations closed down some 30 years ago. Preliminary reconnaissance of the oxide caps indicates oxidized breccias and possible stockwork systems beneath.

The Davcha 2 and 3 properties are located on the east and west flanks of a 12km diameter volcanic ring complex with preliminary government reconnaissance sampling indicating anomalous tin-copper-gold.

DRI agrees to grant to Artha an option ("Option") to acquire the Property on the following principal terms.

Upon signing the LOI Artha will pay $25,000 to Davcha (completed).

To exercise the option Artha must issue and allot to Davcha 9,500,000 shares in its capital on the following schedule:

(a) 1,700,000 shares immediately following the acceptance for filing of a formal option agreement between the parties by the Exchange ("Acceptance Date");

(b) 1,700,000 shares one year after the Acceptance Date;

(c) 1,700,000 shares two years after the Acceptance Date;

(d) 1,700,000 shares three years after the Acceptance Date;

(e) 1,700,000 shares four years after the Acceptance Date;

(f) 1,000,000 shares upon Artha receiving a bankable feasibility report ("BFR") on one of the Properties within eight years after the Acceptance Date; provided that if the BFR is not received within the said eight years the total consideration will be reduced to 8,500,000 shares of Artha.

Upon execution of the Formal Agreement, resolutions of the Directors of Artha will be passed to resign one existing Director and to appoint Charles Straw of Sydney, Australia, as a Director and as Artha's Chief Executive Officer.

It shall be a condition of the granting of the option and of the Formal Agreement becoming effective that DRI will through the efforts of its officers secure for Artha private placement share subscriptions for a minimum financing of $500,000.

States Todd McMurray, President & CEO, "This is a very exciting opportunity for Artha and its shareholders as it provides an opportunity to expand not only into Argentina and in close proximity to a truly world class minerals deposit, but also to diversify its mineral portfolio into precious and base metals, a move the Board considers strategically important to Artha's continued growth."

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 & CEO

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0817ahc.pdf


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

For more information, please contact

Artha Resources Corporation
Todd McMurray
President and CEO, Director
1 604 648 1530
todd@artharesources.com
http://www.artharesources.com/



Metallum Resources Inc. Signs Definitive Agreement to Sell its Interest in Chester Township Property to Trelawney Mining and Exploration Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2009) - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company" or "Metallum") announces that it has signed a definitive agreement (the "Agreement") to sell its 92.5% undivided legal and beneficial interest in its Chester Township, Ontario mineral property (the "Chester Property") to Trelawney Mining and Exploration Inc. ("Trelawney") (TSX VENTURE:TRR).

The Chester Property claims comprise 11 patented and 18 unpatented mining claim units in Chester Township, located west of Highway 144 approximately midway between Sudbury and Timmins, Ontario.

Consideration for the purchase of the Company's holding in the Chester Property by Trelawney shall consist of (i) the issuance to the Company by Trelawney of five million (5,000,000) common shares in the capital of Trelawney on the closing date, representing approximately 19.8% of Trelawney's current issued shares, exclusive of Trelawney's announced private placement offering (see Trelawney's news release of July 29, 2009); and (ii) a 1% (one percent) net smelter return (NSR) royalty from production to be granted to the Company at such time as the price of gold exceeds USD $1,000 per troy ounce.

The transaction contemplated by the Agreement is subject to receipt of all approvals required by Metallum, including that of the TSXV. The parties have targeted a closing date of August 31, 2009.

Trelawney's intentions are to mine the adjacent former Chesbar gold property (recently acquired as an Option from Treelawn Investment Corp. - see Trelawney's news releases of June 26 and August 18, 2009) in conjunction with Metallum's Chester Property. Metallum's shareholders will benefit from this through the equity interest Metallum will have in Trelawney as well as its retained NSR royalty from production on the Chester Property.

Metallum is now focusing its attention on the five mineral properties in the Philippines to be acquired as a result of its proposed business combination with Solfotara Mining Corporation (see Metallum's news releases of February 28, 2009).

Metallum Resources Inc. is a precious metals exploration company which holds a group of patented and unpatented claims within Chester Township located west of Highway 144 midway between Sudbury and Timmins, Ontario. It also has an option to earn a 70 % interest in the M-18 gold property in Argentina. Metallum Resources Inc. has 53,803,828 common shares outstanding and is listed on the TSX Venture Exchange under the symbol MRV.

Greg Lipton, P. Geo. is the qualified person for the Company as required under National Instrument 43-101. He is a member of the Association of Professional Geoscientists of Ontario (APGO).

Further details may be obtained from our website: www.metallumresourcesinc.com

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, please contact

Metallum Resources Inc.
Greg Lipton
President
(416) 861-8351
(416) 867-2298 (FAX)
greg.lipton@metallumresourcesinc.com


TNR Gold/International Lithium Retain Advisors on Lithium-Brine Project in Argentina

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/21/09 -- TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE: TNR) and wholly-owned International Lithium Corp. ("ILC") are pleased to announce GEOS Mining Mineral Consultants of Sydney, Australia have been contracted as advisors for the exploration and development program on TNR's 100% optioned Mariana project in Argentina. The first phase exploration and development program will commence at the end of August with planned completion in late October 2009. Upon completion of this phase of the program, a 43-101 report will be prepared enabling TNR to initiate the previously announced spin-off of International Lithium Corp.

GEOS Mining is an Australian geological consultancy company specializing in the preparation of commodity resource estimations, which are recognized by stock exchanges around the world. GEOS Mining is one of the few geological consulting companies in the world with experience in lithium resource calculations from brines.

ABOUT THE MARIANA PROJECT

The Mariana project, a lithium-boron salar, is accessible year round by paved and dirt roads located 120 kilometres west of Tolar Grande in Salta province, Argentina. Historical sampling has reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Salares, or salt lakes, contain minerals dissolved in brines and some include buried layers of evaporite minerals. Salares host some of the largest known lithium and boron resources in the world. Lithium can be produced from economical grade brines pumped directly from Salares without need for the costly and time consuming process of mine construction. The project consists of several contiguous mineral claims over 120 square kilometres covering the entire salar, which extends over 12 kilometres north-south and 10.5 kilometres east-west.

Mr. John Harrop is the Company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR AND ILC

TNR is a diversified metals exploration company focused on identifying and exploring existing properties and new prospective projects globally. TNR has a total portfolio of 32 projects, of which 16 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com.

The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the Company's commitment to project generation, market diversity and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434



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.

Contacts:
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
http://www.tnrgoldcorp.com/




18 ago 2009

Mirasol's partner Coeur upbeat about Joaquin silver project drill results

VANCOUVER, BC, August 17, 2009 – Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R)– Mirasol resources wishes to inform its shareholders that Coeur d’Alene Mines Corporation (“Coeur”) has commented on the positive drill results from Mirasol’s Joaquin project in their quarterly report (Q2), webcast and presentation published on August 6, 2009 (http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTI0NTZ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1 ). The Joaquin project is a joint venture between Coeur and Mirasol announced November 20, 2006.

Excerpts from Coeur’s webcast include:

“Joaquin, Argentina. Coeur’s exploration teams completed a second phase of drilling at the La Morocha and La Negra zones at the Joaquin Project, under option from Mirasol Resources Ltd., located north of the Company’s Martha mine. A total of 15 holes and 1,900 meters were completed in this phase. All of the second phase core holes encountered wide zones of silver and gold mineralization. A third phase of drilling is planned for Q3 at Joaquin as well as a first phase on Nico, a second property under option, which borders the Martha mine property at the north.

Results at Joaquin in southern Argentina have been very encouraging this year with wide zone of silver and gold mineralization encountered in nearly all drill holes, and a third phase of drilling will commence in the next quarter at this potential stand-alone surface mining opportunity to establish the size of the mineralization and provide samples for initial metallurgical testing.”

In the webcast Coeur commented on their upcoming exploration plans:

“We expect this work, and follow up drilling, to lead to an increase in reserves at Palmarejo and Cerro Bayo, and along with results from a soon to commence Phase III at Joaquin, an estimate of the first mineral resources for that property near Martha.”

Mirasol recently reported phase 2 drilling results from the La Negra and Morocha prospects at Joaquin on July 13 and July 23, 2009. At La Negra, best true width intersections at a 30 g/t silver cut-off included 7.45 metres of 703.8 g/t silver and 0.13 g/t gold, and 15.96 metres of 200 g/t silver and 0.08 g/t gold both contained within a combined zone with an estimated true width of 48.24m grading 194.4 g/t silver and 0.08 g/t gold. At La Morocha, best true width intersections at a 30 g/t cut-off from this round of drilling included 22.5 m of 179.4 g/t silver and 9.4 m of 501.1 g/t silver.

A new discussion of Joaquin project results with sections and geology has been added to Mirasol’s web page: http://www.mirasolresources.com/s/Joaquin.asp.

“Mirasol is very pleased that drilling at Joaquin has returned encouraging silver-gold results in the recently completed second drill phase,” stated Mary Little, President and CEO of Mirasol Resources. “Coeur plans to commence a third phase of drilling shortly of both the La Morocha and La Negra zones, which are open to depth and along strike to the north. We are gratified to have a productive working relationship with Coeur and are actively collaborating with Coeur to advance the project.”

About the Joaquin Project:

The 100% Mirasol-owned Joaquin project contains four precious metal prospects including the silver-rich La Morocha and La Negra zones. Joaquin is located in the Deseado Massif volcanic province of Santa Cruz, southern Argentina, which is host to four operating precious metal mines. Exploration at the Joaquin project is being funded and operated by Mirasol’s joint venture partner Coeur d’Alene Mining Corporation. Coeur has the option to earn 61% of Joaquin by investing US$ 6 million over four years, by making staged cash payments to Mirasol and by completing a feasibility study, and up to 71% of Joaquin by funding Mirasol’s percentage of development costs, subsequently repaid from cash flow. The Joaquin project is strategically located 80 km north of Coeur’s high grade Martha silver mine.

Stephen C. Nano, Vice President of Exploration for Mirasol, is the Qualified Person under NI 43-101 who has verified and approved the technical content of Mirasol’s results for this news release.

For further information, contact:

Mary L. Little
President and CEO
Tel: (604) 602-9989 Fax: (604) 609-9946
Email: contact@mirasolresources.com
Website: http://www.mirasolresources.com/

Quality Assurance/Quality Control: Coeur d'Alene operates the Joaquin Project and generated the drilling data and QAQC used in this news release and reported it to Mirasol. Drill core samples were submitted to Alex Stewart (Assayers), Argentina S.A. in Mendoza, Argentina. Gold and silver results were determined using standard fire assay techniques on a 50 gram sample with an atomic absorption finish for gold and a gravimetric finish for silver. Coeur's QAQC included insertion of blanks and standards into the sample stream. Mirasol has performed an independent analysis of the QAQC data generated by Coeur. Stephen Nano has reviewed the Coeur data and calculated the intercepts in this news release, and is a qualified person as defined by National Instrument 43-101.

All assay results reported herein are for core rock samples; assay results from drill core samples may be higher, lower or similar to results obtained from surface samples.

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.


13 ago 2009

Mirasol reports the start of 1,600 metre drill program at Nico silver-gold project

VANCOUVER, Aug. 12 /CNW/ - Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) is pleased to announce the start of a 1,600 metre drilling program by its joint venture partner, Coeur d'Alene Mines ("Coeur"), at its 100% owned Nico silver gold project located in the prolifically mineralized Province of Santa Cruz in southern Argentina.

The Nico project is strategically located adjacent to a provincial highway some 40 kilometres to the north of Coeur's high grade Martha silver mine and in the same area as Mirasol's new silver discovery at the Joaquin project (Figure 1 http://www.mirasolresources.com/i/ph...90812_Fig1.jpg).

This program represents the first drilling test at Nico. Drilling of fourteen holes totalling approximately 1,600 metres is proposed to test a series of outcropping silver and gold geochemical anomalies and covered geophysical targets at the Tito Vein zone and the Carlos Breccia (see press release of May 27, 2008).

At the Tito Vein zone, three trends of sub meter wide breccias and epithermal veins have returned precious metal assays from chip samples up to 324 g/t silver and 8.6 g/t gold. Gradient array IP geophysical studies outline a series of resistive and chargeable anomalies, which underlie the Tito Vein trend, suggesting the potential for larger bodies of mineralization at depth.
The Carlos Breccia is a zone over 500 metres long by up to 50 metres wide comprising crackle-brecciated volcanic rocks with low temperature silica-hematite matrix. Breccia samples returned consistently anomalous silver, gold and base metal assays, with seven samples containing over 10 g/t silver and strongly elevated epithermal pathfinder elements. The Carlos Breccia is underlain by a 1,200 by 800 metre zone of strongly chargeable induced polarization (IP) geophysical anomalies that may represent concealed sulphide-rich material which carry grades of silver, gold and base metals.

Ongoing exploration at the Nico project is 100% funded by Mirasol's joint venture partner, Coeur d'Alene Mines Corporation (Coeur). The terms of the agreement (see press release of February 12, 2009) provide that Coeur spend US $2.3 million in exploration and cash payments over four years to earn a 55% interest in the property, and a 65% interest on completion of a bankable feasibility study, at which time Mirasol may elect to maintain a 35% participation. Coeur may acquire a 75% interest by providing project development financing at commercial terms to Mirasol, repayable from production cash flow.

Coeur is exploring the Nico project for stand-alone resources and/or high-grade ore for the nearby high grade Martha silver mine. Mirasol Resources is pleased to be evaluating this project with Coeur d'Alene, who brings to the joint venture significant experience in the exploration and development of epithermal precious metal mineralization in the region.

Stephen C. Nano, Vice President of Exploration for Mirasol, is the Qualified Person under NI 43-101 who has verified and approved the technical content of this news release.

Quality Assurance/Quality Control: Coeur d'Alene operates the Nico Project. Geochemical samples from Mirasol's exploration phases were submitted to Alex Stewart (Assayers), Argentina S.A. in Mendoza, Argentina. Gold and silver results were determined using standard fire assay techniques on a 50-gram sample with an atomic absorption finish for gold and a gravimetric finish for silver. All assay results reported herein are for rock samples; assay results from drill core samples may be higher, lower or similar to results obtained from surface samples.


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



12 ago 2009

Latin American Minerals' CEO and Executive Chairman Step Down; Company Provides Project Update

TORONTO, ONTARIO--(Marketwire - Aug. 11, 2009) - Latin American Minerals Inc. (the "Company") (TSX VENTURE:LAT) announces that David Wahl resigned as President and CEO and as a director of the Company. In addition, Michael Brown resigned as Executive Chairman and as a director of the Company. Mr. Wahl is to receive severance in accordance with a severance agreement which may be subject to regulatory approval.

The Company wishes to thank both Mr. Wahl and Mr. Brown for their dedicated service to the Company.

In the near term, operations will be run by Waldo Perez, interim President and CEO, and, in Toronto, by Ray Mitchell, CFO.

Project Update:

Paso Yobai Gold Project

The Company concluded the third phase drilling program on the discovery zone and released results on May 22nd 2009. Since that time the Company outlined a new large soil anomaly 3 km from the discovery zone extending over 2.5x3 km, with soil samples ranging between 50 and 100 ppb. Soil geochemistry resulted in the discovery of the original discovery zone and the Company has used this technique very successfully to identify new gold mineralization in densely vegetated areas of Paraguay. The Company expects to have new drill targets in the new soil anomaly by Q4.

Itapotii Diamond Project

The stream sediment sampling program continues at this exciting new diamond project in Paraguay. On February 26th, 2009 the Company announced the discovery of 40 macro-diamonds in 177 streams sediment samples coming from an area of 20 x 50 km. Since then the Company has collected 120 mores samples and found 14 more diamonds in the streams. Other Kimberlitic Indicator Minerals ("KIMs") found include garnets, chrome spinels and ilmenites. The Company completed a total of 685 line kilometres of surface magnetic survey and identified a series of circular magnetic anomalies near the headwaters were the diamonds and KIMs were found. The Company identified deeply altered breccias in the headwaters of the diamond-bearing rivers. The breccias were identified as collapse breccias of a younger age than the regional sediments. The matrix of the breccias was sampled and 1 diamond was found. The Company is currently testing the breccia-bearing areas with auger holes where they coincide with magnetic survey anomalies for KIMs and diamonds.

Tendal Zinc Project

As previously announced (June 16, 2009), the Company signed a heads of agreement and is negotiating a definitive agreement with Cadillac Ventures Inc.

Potash and Lithium Salar Project

As previously announced, the Company sold its potash and lithium properties to Lithium Americas Corp. (June 11, 2009 press release) and Lithium Americas completed a private placement of $1.575 million (announced June 16, 2009). The Company currently owns approximately 30% of Lithium Americas. Lithium Americas is continuing the exploration work in the Cauchari and Olaroz lithium salt lakes in Argentina.

Dr. Waldo Perez, P.Geo., interim President and CEO of Latin American Minerals Inc., is the designated Qualified Person for the Project and is responsible for the contents of this news release.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of exploration opportunities in South America.

Investors are invited to visit the Latin American Minerals IR Hub at http://agoracom.com/ir/LatinAmerican where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LAT@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

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, except as 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.

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.


Pan American Silver Receives Company of the Year Awards in Both Peru and Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2009) - Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) is pleased to announce that two of its wholly owned subsidiaries have received honors from industry participants, respectively being named "2008 Company of the Year" in Peru and "2009 Mining Company of the Year" in Argentina.

Pan American Silver Peru S.A.C. which operates the Huaron, Morococha and Quiruvilca mines received the 2008 Peruvian Company of the Year award from the Peruvian Association of Civil Companies. The award is one of the country's most important entrepreneurship recognitions, rewarding operational excellence and leadership across a number of different industries. Pan American Silver Peru accepted the award in early July.

In Argentina, Minera Triton Argentina S.A., which operates the Manantial Espejo mine, was named 2009 Mining Company of the Year by Panorama Minero Magazine and Argentina's Association for the Development of the Mining Industry (FUNDAMIN). Both of these organizations are dedicated to the sustainable development of the mining industry in the province of Santa Cruz, Argentina. The formal award ceremony will be held in Buenos Aires in September.

Commenting on the awards, Geoff Burns, President & CEO said: "It is extremely gratifying to receive these awards from the business communities of Peru and Argentina. They are a testament to the dedication of our Peruvian and Argentinean operating groups and their commitment not only to Pan American's growth, but also to working closely with the countries and communities that host us."


10 ago 2009

Andean Resources Ltd.: Step-Out Drilling Extends Bajo Negro Vein by Another 125 Metres

FREMANTLE, WESTERN AUSTRALIA--(Marketwire - Aug. 10, 2009) - Andean Resources (TSX:AND)(ASX:AND) is pleased to report further encouraging results from its ongoing drilling program at its 100% owned Cerro Negro project in Southern Argentina. Today's results include the following highlights from the recently announced Bajo Negro discovery:

- BDD-925 intersected 9.4m of 22.1 g/t Au and 42 g/t Ag
- BDD-932 intersected 15.4m of 12.0 g/t Au and 28 g/t Ag
- BDD-935 intersected 5.8m of 34.8 g/t Au and 29 g/t Ag
- BDD-937 intersected 9.6m of 22.1 g/t Au and 30 g/t Ag
- Drilling to date has tested the structure over a strike length of approximately 800m
- For the first time in the Company's history, Andean is continuing to drill through the winter season, with 2 drill rigs remaining at the Bajo Negro vein
- Drilling to the North-West continues to intercept quartz vein, with assays pending

Reported widths are intersected widths, and true widths are less in every case (see Table 1 for detailed drill data). Andean has assumed an underground cut-off grade of 2.5 g/t gold at Bajo Negro for all the interval summaries reported in this release.

The confirmation of the Bajo Negro vein discovery, located 13 kilometres east of the Eureka West veins and 2 kilometres southwest of the Vein Zone deposit, was announced on May 19, 2009. The thirty-five holes for which results have been received intersected the Bajo Negro vein with widths and grades which could permit underground mining. Potentially mineable widths and grades can now be inferred over a strike length of at least 650m and vertical extent of at least 150m. Including intersections for which assays are pending, the Bajo Negro vein has now been intersected over a length of 800m. The vein remains open along strike and to depth.

Bajo Negro - Extended 75m to the north-west

Four holes were drilled to the north of and below previous drilling to extend the Bajo Negro vein to the north-west and to depth with the following results:

BDD-932: 1.65m of 6.7 g/t Au and 23 g/t Ag from 196m
And 15.4m of 12.0 g/t Au and 28 g/t Ag from 214m

BDD-933: 1.75m of 9.6 g/t Au and 21 g/t Ag from 270.4m
And 1m of 21.3 g/t Au and 43 g/t Ag from 277m
And 0.9m of 28.4 g/t Au and 22 g/t Ag from 289m

BDD-935: 5.8m of 34.8 g/t Au and 29 g/t Ag from 142m
And 9.75m of 14.2 g/t Au and 38 g/t Ag from 183m

BDD-937: 9.6m of 22.1 g/t Au and 30 g/t Ag from 267m
And 5.7m of 17.7 g/t Au and 20 g/t Ag from 285m

These drill-holes are shown on the attached longitudinal section of the Bajo Negro vein. BDD-932, BDD-935 and BDD-937 are very encouraging intersections, because they show that not only is another high grade shoot developing to the north-west, but there are two splits with potentially economic widths and grades. The existence of this new shoot was suggested by previously-announced hole BRC-912 (8m of 8.5 g/t Au).

It is also encouraging that recent drilling continues to intersect good widths of quartz vein to the north-west with assays pending.

Bajo Negro - Extended 50m to the south-east

Two diamond core holes were drilled 50m to the south-east (see longitudinal section attached) to extend the Bajo Negro vein beyond existing drilling with the following results:

BDD-936: 2.6m of 5.6 g/t Au and 7 g/t Ag from 180m

BDD-938: 3m of 17.0 g/t Au and 13 g/t Ag from 197m

The vein has a true width of less than 3m in these holes, although the grade in BDD-938 continues to be high. The decreased width is correlated with a change in the strike of the vein to WNW, whereas the higher grade zone strikes NNW.

Bajo Negro - Further definition within previously defined strike length

Eleven drill holes were drilled within the previously defined 550 meters of strike length in order to further extend the zones to depth and determine the continuity within the vein.

Seven holes were drilled to extend the zones to depth including:

BDD-921: 5.4m of 7.8 g/t Au and 12 g/t Ag from
BDD-922: 2.45m of 4.8 g/t Au and 9 g/t Ag from
BDD-925: 9.4m of 22.1 g/t Au and 42 g/t Ag from
BDD-926: No value over 2.5 g/t Au cut-off
BDD-927: 5.3m of 7.2 g/t Au and 14 g/t Ag from
BDD-928: 2.8m of 8.2 g/t Au and 20 g/t Ag from
BDD-934: 4.65m of 9.0 g/t Au and 20 g/t Ag from
And 3.05m of 15.8 g/t Au and 11 g/t Ag from

The Bajo Negro vein appears to be narrowing locally at depth in this sector, but still remains open to depth with most of the holes intersecting grades and widths supportive of underground mining.

The remaining four drill-holes (BDD-920, BDD-921, BDD-923, and BDD-930) established continuity of underground mining grades and widths on 50m sections within the previously defined strike length. See the longitudinal section provided and Table 1 for all of the results.

Dave Shatwell, Andean's Chief Exploration Geologist at Cerro Negro, commented, "The mineralization is open in both directions, but is especially promising to the north-west, where the vein is branching into several splays, with two of these splays containing high gold grades. Approximately 150m further north-west, silicified outcrops are interpreted as a silica cap to the mineralization. Ore shoots appear to be strongly structurally controlled by jogs in the strike of the vein."

Next Steps

Both core-rigs continue to work on expanding Bajo Negro to the north-west. Quartz vein continues to be intersected 150m to the north-west of holes included in this release, with assays awaited. Drilling updates will continue to be provided through the Patagonian winter months. In September, additional rigs will be added to continue the exploration drilling of Mariana Sur, Mariana Norte, Silica Cap and Eureka.


Table 1: Bajo Negro Drill Hole Data
----------------------------------------------------------------------------
Hole Section Easting Northing Elevation Azimuth Angle
(GK)
----------------------------------------------------------------------------
BDD-920 50N 2407534.51 4804924.25 891.55 245 -60
----------------------------------------------------------------------------
BDD-921 250S 2407646.97 4804647.57 897.88 245 -60
----------------------------------------------------------------------------
BDD-922 50N 2407560.96 4804938.71 894.04 245 -65
----------------------------------------------------------------------------
BDD-923 200S 2407560.58 4804662.44 888.07 245 -60
----------------------------------------------------------------------------
BDD-925 200S 2407607 4804682 906.83 245 -60
----------------------------------------------------------------------------
BDD-926 100N 2407540 4804982 910.44 245 -65
----------------------------------------------------------------------------
BDD-927 200S 2407607 4804683 906.68 245 -70
----------------------------------------------------------------------------
BDD-928 150N 2407484 4805012 912.82 245 -70
----------------------------------------------------------------------------
BDD-929 300S 2407665 4804600 TBD 245 -60
----------------------------------------------------------------------------
BDD-930 150N 2407484 4805011 912.73 245 -60
----------------------------------------------------------------------------
BDD-932 200N 2407440 4805046 TBD 245 -60
----------------------------------------------------------------------------
BDD-933 200N 2407440 4805046 TBD 245 -70
----------------------------------------------------------------------------
BDD-934 300S 2407665 4804600 TBD 245 -70
----------------------------------------------------------------------------
BDD-935 250N 2407370 4805069 TBD 245 -60
Incl.
----------
BDD-935
Incl.
----------------------------------------------------------------------------
BDD-936 400S 2407738 4804523 TBD 245 -48
----------------------------------------------------------------------------
BDD-937 250N 2407439 4805097 TBD 245 -60
Incl.
----------
BDD-937
Incl.
----------------------------------------------------------------------------
BDD-938 400S 2407738 4804523 TBD 245 -60
----------------------------------------------------------------------------


----------------------------------------------------------------------------
Hole Depth From To Width g/t Au g/t Ag
(m)
----------------------------------------------------------------------------
BDD-920 251 224.1 227.4 3.30 7.60 15.00
----------------------------------------------------------------------------
BDD-921 251.1 228 233.4 5.40 7.80 12.00
----------------------------------------------------------------------------
BDD-922 301.1 281.4 283.85 2.45 4.80 9.00
----------------------------------------------------------------------------
BDD-923 179.1 138.3 144.75 6.45 5.00 18.00
----------------------------------------------------------------------------
BDD-925 242.1 197.6 207 9.40 22.10 42.00
----------------------------------------------------------------------------
BDD-926 310 284 285 1.00 1.59 6.00
----------------------------------------------------------------------------
BDD-927 270.55 241.7 247 5.30 7.20 14.00
----------------------------------------------------------------------------
BDD-928 302 272 274.8 2.80 8.20 20.00
----------------------------------------------------------------------------
BDD-929 220 197.7 201 3.30 5.80 24.00
----------------------------------------------------------------------------
BDD-930 272 237.25 243 5.75 6.10 20.00
----------------------------------------------------------------------------
BDD-932 260 195.95 197.6 1.65 6.70 23.00
--------------------------------------------------------
214.25 229.65 15.40 12.00 28.00
----------------------------------------------------------------------------
BDD-933 311 270.4 272.15 1.75 9.60 21.00
--------------------------------------------------------
277 278 1.00 21.30 43.00
--------------------------------------------------------
288.9 298.8 0.90 28.40 22.00
----------------------------------------------------------------------------
BDD-934 267 236.6 241.25 4.65 9.00 20.00
--------------------------------------------------------
245.45 248.5 3.05 15.80 11.00
----------------------------------------------------------------------------
BDD-935 218.8 142 147.8 5.8 34.8 29
Incl. --------------------------------------------------------
145 147 2.0 81.0 83
------- --------------------------------------------------------
BDD-935 183.1 192.85 9.75 14.2 38
Incl. --------------------------------------------------------
183.1 187 3.90 25-5 55
----------------------------------------------------------------------------
BDD-936 205.1 180.1 182.7 2.60 5.60 7.00
----------------------------------------------------------------------------
BDD-937 310 266.75 276.35 9.6 22.1 30
Incl. --------------------------------------------------------
272 274 2-0 61.3 69
------- --------------------------------------------------------
BDD-937 285.05 290.75 5.70 17.7 20
Incl. --------------------------------------------------------
289.95 290.75 0.80 66.9 41
----------------------------------------------------------------------------
BDD-938 225.1 197 200 3.00 17.0 13
----------------------------------------------------------------------------
(Note: BDD-924 and BDD-931 were abandoned)

Quality Control and Assurance

The analytical results quoted in this release are derived from half drill core in the case of diamond drill holes, or from cuttings in the case of reverse circulation 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.

Andean Resources Ltd (www.andean.com.au) is an Australian and Toronto listed gold explorer searching for precious metals in the Andes, with four large property positions in the Patagonia.

To view Figure 1: Longitudinal projection, Bajo Negro Vein, please visit the following link: http://media3.marketwire.com/docs/andefig1.pdf

To view Figure 2: Bajo Negro Drill Plan, please visit the following link: http://media3.marketwire.com/docs/andefig2.pdf

Andean Resources Limited is listed on the ASX & TSX with the symbol "AND".

A.C.N. 064 494 319
For more information on Mining in Argentina, visit our website: http://www.argentinamining.com/

7 ago 2009

McEwen faces old adversaries.$3M Lexam stake in VG Gold puts old foes at odds

Peter Koven, Financial Post Published: Thursday, July 23, 2009

In the tiny gold industry, it is only natural that old adversaries step on each other's toes once in a while. For entrepreneur Rob McEwen, his latest investment brings him into the neighbourhood of two of his foes, one former and one very current.

Yesterday, Mr. McEwen's company Lexam Explorations Inc. unveiled a $3-million investment in junior gold company VG Gold Corp., which is drilling its promising Paymaster property in the Timmins gold camp in Northern Ontario. The 100-year-old camp has received a lot of attention lately after it was revitalized through a discovery by Lake Shore Gold Corp.

"You might call it a renaissance going on there with Lake Shore and West Timmins [Mining] pulling up some nice grades. This particular property is in the midst of all that," Mr. McEwen said.

The deal is also interesting because VG's partner on the project is Goldcorp Inc., Mr. McEwen's former company. He built Goldcorp into an indust r y giant, but had a falling out with the company after it refused to hold a shareholder vote over its $7.5-billion acquisition of Glamis Gold Ltd.

Adding to the intrigue is the fact that Lake Shore is 40%-owned by Hochschild Mining PLC, a miner based in Peru. Hochschild has a separate joint venture with Mr. McEwen's company Minera Andes Inc., and it is not the friendliest of relationships.

"They're the partner from hell," is how Mr. McEwen puts it.

Continue reading at: http://www.financialpost.com/story.html?id=1818416
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For more information on Mining in Argentina, visit our website: http://www.argentinamining.com

Barrick poised to gain traction on falling costs

Andy Hoffman

From Friday's Globe and Mail
Last updated on Thursday, Aug. 06, 2009 03:05AM EDT


For the world's largest gold producer, it's time to reap the upside of the global recession.

The new head of Barrick Gold Corp. says the company has finally turned the corner in its battle to contain rising mining costs because the downturn is easing the upward pressure on wages, diesel fuel and other key expenses.

Ballooning costs have, for years, tempered the effect of rising bullion prices on the bottom line of Barrick and other gold miners.

That's one of the main reasons Barrick ABX-Tshares have lagged gold: While the price of the metal has surged 139 per cent in five years, the company's stock has returned 85 per cent (in U.S. dollars).

Continue reading at: http://www.theglobeandmail.com/report-on-business/barrick-poised-to-gain-traction-on-falling-costs/article1237258/

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For more information on Mining in Argentina, visit our website: http://www.argentinamining.com

Mariana Resources: Tongoril project Argentina

London, July , 31, 2009. Mariana Resources Limited. AIM and PLUS code: MARL

Drill Targets at Dos Calandrias (Tongoril) gold-silver project in Santa Cruz Province, Argentina.

Highlights:

  • Seven drill targets identified to date, scout drilling planned as soon as permitting and limited trenching completed.
  • Soil geochemistry has defined two gold anomalies: 850 m by 150 m wide (Calandria Sur) and 550 m by 100 m wide (Calandria Norte).
  • The anomalies coincide with hydrothermally altered rhyolite lava domes and surrounding breccias.
  • New mineralized zones discovered with high grade gold and silver vein/ breccias at Calandria Norte (six zones) and Calandria Sur (six zones)
  • Reconnaissance rock chip sampling at Calandria Sur returned 0.5 m @ 4.5 g/t Au and 405 g/t Ag and 0.8 m @ 5.7 g/t Au and 241 g/t Ag.


Dos Calandrias Lag Sampling Results

First phase coarse-fraction (lag) soil sampling (327 samples) has outlined two main gold anomalies at Calandria Sur (850 m by 150 m)
and Calandria Norte (550 m by 100 m). At Calandria Sur, samples were collected every 50m on E-W lines spaced 50 m apart over an area 800 by 600m. At Calandria Norte, samples were collected every 25 m along SE-NW lines spaced 50 m apart over an area 600m by 300m.

Assays ranged up to 717 ppb gold with 8% of the samples anomalous (Au > 73 ppb). Soil gold anomalies coincide with known silicified rocks and may also indicate mineralized zones concealed by thin colluvium.

Follow Up Results

Follow up of the lag sampling has discovered prospective NW and SE trending breccia zones in float and sub-outcrop in the southernmost part of the property with high gold and silver values in rock chips.
At Calandria Sur, sulphide-rich breccias are surrounded by larger areas of low sulfide quartz stockwork/breccia zones. Rock chips from the Deseada breccia zone assay up to 5.7 g/t Au and 241 g/t Ag, and up to 4.5 g/t Au and 405 g/t Ag from the El Abra breccia zone located 200 m NW of Deseada. The low sulphide breccias returned up to 0.8 g/t Au and 36 g/t Ag and 1.2 g/t Au and 62 g/t Ag at Deseada and Cristal (750m NW of Deseada) respectively (Figure 2).

The Calandria Norte lava dome and surrounding pyroclastics strike NE for more than 700 m and are cut by gold-bearing veins assaying up to 0.7m @ 20.2 g/t Au, 25 g/t Ag (see news release on 2 March 2009).

Proposed Drill Testing
Scout drilling (1500m) is planned once permitting is completed (see Figure 2 for preliminary drill target location). In the meantime, a short trenching program is scheduled to further define targets in covered areas. It is anticipated that the drilling will commence no later than October this year.

Background

The Dos Calandrias Project is located within Mariana Resources Limited's 100% owned Tongoril tenement in the central part of the Deseado Massif of Santa Cruz Province (Figure 1). Dos Calandrias features a rhyolite lava dome complex and underlying pyroclastic rocks. Gold and silver vein type mineralization related to NW and NE
regional structures and assaying up to 21.7 g/t Au & 62 g/t Ag was identified last year during reconnaissance.

Commenting today, Managing Director of Mariana Resources Ltd, John Sutcliffe said
"The recently discovered breccia zones at Dos Calandrias show potential for high-grade vein and bulk tonnage mineralization in this exciting rhyolite dome setting in the Deseado Massif. A limited amount of trenching will be carried out shortly and reconnaissance drilling is planned as soon as the environmental permit is granted".

ON BEHALF OF THE BOARD
John Sutcliffe
Managing Director

For more information:
Mariana Resources Limited
John Horsburgh (Chairman) +61 2 9437 4588
John Sutcliffe +59 32 298 6464

RFC Corporate Finance Limited (Nomad)
Rob Adamson +61 2 9250 0041
Will Souter +61 2 9250 0050

FinnCap (Broker)
Joe Lunn (Analyst) +44 20 7600 1658
Matthew Robinson +44 20 7600 1658

Or visit website at www.marianaresources.com

ADDITIONAL INFORMATION
The exploration programme is being directed by the Argentina Exploration Manager, Dr Gustavo Rodriguez under supervision of Managing Director Mr John Sutcliffe. Exploration information in this announcement has been compiled by John Sutcliffe who is a Fellow of the Geological Society of London, a Chartered Engineer and a Member
of the Institute of Mining and Metallurgy. Mr Sutcliffe has sufficient experience relevant to the style of mineralization and types of gold deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the JORC Code.

Lag Sampling Technique
The sampling procedure involves collecting 1 kg of material coarser than a Tyler mesh #9 (2.05mm) and sieving fragments coarser than Tyler mesh #4 (typically ~ 7 mm) from 5-20cm below the surface in order to reduce the influence of wind blown sand. The sampled material is submitted to the lab, where it is dried and processed
prior to analysis. Note that the lag soil grids extend over a moderate north and south-dipping slope at Calandria Sur and Norte respectively, and results may be reflect soil transport to some extent.

Quality Assurance/Quality Control
All technical information for the Company's Argentina projects is obtained and reported under a quality assurance and quality control (QA/QC) program. All samples are collected under the supervision of the Company geologists and dispatched via commercial transport to ALS Chemex laboratories in Mendoza, Argentina, and assayed in Santiago de Chile. ALS Chemex's quality system complies with the requirements for
the International Standards ISO 9001:2000 and ISO 17025: 1999.
Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses.
Systematic assaying of sample duplicates and commercially prepared standards and blanks is performed for analytical reliability.

For more information on Mining in Argentina, visit our website: http://www.argentinamining.com