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 oct 2009

Rodinia Minerals Inc. Acquires Lithium Project in Argentina

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2009) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM) has signed a letter of intent with a private party in Argentina to enter into an option agreement to acquire a 100% interest in approximately 4,500 hectares of the Salar de Salinas Grandes in the Province of Jujuy, Argentina (the "Salar de Salinas Grandes"). Previously completed studies on the brine chemistry in the acquired salar concluded lithium concentrations in excess of 400 ppm with a reported magnesium-to-lithium ratio of 3.75 (Alonso, 1999; Alonso, Jordan, Tabbutt & Vandervoort, 1991; Alonso & Viramonte, 1990). These studies and data are historical in nature and are not National Instrument 43-101 ("NI 43-101") compliant. Accordingly, such historical data should not be relied upon.

The opportunity with respect to Salar de Salinas Grandes was identified by Forbes & Manhattan, Inc., which is controlled by Stan Bharti. Mr. Bharti is also the Executive Chairman of the Company. Neither Forbes & Manhattan nor Mr. Bharti has received any compensation from the Company in connection with this transaction.

"With these grades and ratios, the Company believes this salar has the potential to be a producer. The grades are significantly higher than many of the surrounding salars, including our understanding of a pilot plant in operation at a much higher magnesium-to-lithium ratio," said David Stein, President and CEO.

Stan Bharti, Executive Chairman stated, "The Salar de Salinas Grandes comprises a total of approximately 20,000 hectares. Upon completion of the potential acquisition, Rodinia has the potential to become a significant player in one of the prime salars of the Argentina puna."

William Randall, Vice President Exploration added, "To our knowledge, the salar has never been explored for lithium at depth. However, management of the Company believes in the future production potential of the salar based on our understanding that the brines commence at depths between 0.2 metres and 3.0 metres from surface."

Figure 1 below depicts a map of the Salar de Salinas Grandes area.

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/rd1030f1.JPG

According to the terms of the letter agreement, the potential acquisition remains subject to a 30 day due diligence period, the execution of a definitive agreement and involves payments totaling US$900,000 to be paid over 2 years, with an initial payment of US$150,000 due upon signing of the definitive agreement. Completion of the acquisition remains subject to receipt of all necessary regulatory approvals.

Will Randall, P.Eng, the Vice-President of Exploration of Rodinia, a qualified person, as defined in NI 43-101 has reviewed and approved the technical information in this press release.

About Rodinia Minerals Inc.:

Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the explosive demand for lithium carbonate expected from the paradigm associated with the expected mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals etc.).

Rodinia is currently exploring its 100% owned, 50,440 acre Clayton Valley project in Nevada, USA. With its initial 3-hole drill program complete, the Company is actively planning and permitting an expanded 20-hole program that surrounds the only lithium brine producer in North America.

Rodinia Minerals Inc.

Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the potential acquisition of the Salar de Salinas Grandes; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project, timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.



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

Rodinia Minerals Inc.
David Stein
President & CEO
+1 (416) 861-5812
or
Rodinia Minerals Inc.
Aaron Wolfe
Vice President, Corporate Development
+1 (416) 309-2696
www.rodiniaminerals.com



27 oct 2009

Wealth Closes Non-Brokered Private Placement, New Director Appointed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA U.S. NEWSWIRE SERVICES.

Wealth Minerals Ltd. (the "Company" or "Wealth") (TSX VENTURE:WML)(FRANKFURT:EJZ), is pleased to announce the closing, on October 23, 2009, of the non-brokered private placement announced on September 30, 2009. The Company has also appointed Mr. James M. Dawson, P.Eng. as a director, effective October 23, 2009, and has engaged Quatloo Investment Management Inc. to provide investor relations services, effective immediately.

Private Placement Closing

On October 23, 2009, the Company issued 3,349,953 units at a price of $0.42 per unit for gross proceeds of $1,406,980.26. Each unit consisted of one common share and one transferable common share purchase warrant. Each warrant is exercisable to acquire one additional common share until October 23, 2011 at an exercise price of $0.60. If, at any time during the period from February 24, 2010 until October 23, 2011, the daily volume-weighted average trading price of the Company's common shares on the TSX Venture Exchange exceeds $1.80 for at least 10 consecutive trading days, the Company may, within 30 days of such occurrence, give an expiry acceleration notice to the holders of warrants and, if it does so, the warrants will, unless exercised, expire on the 30th day after the expiry acceleration notice is given.

All securities issued in connection with the private placement and any shares issued upon the exercise of the warrants will have a hold period in Canada until February 26, 2010.

The net proceeds from the Offering are intended to be used to fund exploration programs on the Company's uranium exploration projects in Argentina, for ongoing mineral property investigations and potential acquisitions, and for general working capital.

This press release does not constitute an offer to sell, or a solicitation of an offer to sell, any of the foregoing securities in the United States. None of the foregoing securities have been, nor will they 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.

New Director Appointed

Effective October 23, 2009, Mr. James M. Dawson, P. Eng., of Richmond, British Columbia, has been appointed as an additional director of the Company. Mr. Dawson has been the President of Dawson Geological Consultants Ltd., a private geological consulting company, since 1985. He is a registered professional engineer with 40 years of hands-on fieldwork experience examining, exploring and evaluating a wide range of geological and mineralized settings around the globe, with a particular emphasis on Latin America. As a partner with Kerr, Dawson & Associates Ltd. from 1972 - 1985, Mr. Dawson participated in the discovery of the Blackdome Mine, Frasergold and Taurus Properties in British Columbia and the Big Horn Mine in Arizona. Mr. Dawson was part of the original Pan Ocean team which made the discovery of the Lac Cinquante Uranium Deposit in 1975. Mr. Dawson is currently a director of Minefinders Corp. and Kivalliq Energy Corporation.

The Company welcomes Mr. Dawson to the Board, and looks forward to having the benefit of his extensive knowledge and experience, particularly in the area of uranium exploration.

Investor Relations Agreement

The Company is pleased to announce that it has entered into an agreement to retain the services of Quatloo Investment Management Inc., of Vancouver, B.C., to provide investor relations services to the Company, commencing immediately.

The President and owner of Quatloo is Mr. Quentin Mai of Vancouver, B.C. Mr. Mai has extensive experience in the provision of professional corporate communications, investor relations and business initiative and development services to publicly listed companies in both the Canadian and US equities markets. He has over 18 years of professional commerce experience, including 5 years based in Asia. Quatloo will assist the Company in expanding and building its shareholder base and distributing consistent and timely information to potential investors and financial professionals.

The agreement is for an initial term of one year, and is terminable on 90 days' notice by either party. Quatloo will be paid a fee of $4,000 per month. In addition, Mr. Mai has been granted 250,000 incentive stock options pursuant to the Company's 2004 Incentive Stock Option Plan (see below). In accordance with TSXV requirements, these options will vest over a period of 12 months, with 12.5% vesting on grant, 12.5% after three months and the balance of 75% as to 25% on each of the 6, 9 and 12 month anniversaries of the date of grant. The grant of these options is subject to TSXV acceptance of the agreement with Quatloo. Quatloo presently holds 220,000 common shares of the Company and Mr. Mai currently holds 207,000 common shares of the Company plus options to acquire 50,000 common shares at a price of $0.95 until May 5, 2010.

Grant of Incentive Stock Options

The Company announces that, pursuant to its 2004 Incentive Stock Option Plan, it has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,055,000 common shares in the capital stock of the Company. The options are exercisable on or before October 26, 2011 at a price of $0.60 per share.

About Wealth Minerals Ltd.

Wealth is an early stage mineral exploration company with approximately 37.7 million shares issued and listings on the TSX Venture and Frankfurt Stock Exchanges. The Company's focus is the acquisition and exploration of prospective uranium properties, primarily in Argentina and Peru. In addition to ongoing work programs on its existing properties, it continues to actively evaluate new potential uranium projects in these and other countries.

For further details on the Company readers are referred to the Company's web site (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of

WEALTH MINERALS LTD.

Hendrik Van Alphen, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated use of proceeds of the private placement financing, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, dilution, the volatility of the Company's common share price and volume; variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Management Discussion and Analysis filed with certain securities commissions in Canada, and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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 press release, which has been prepared by management.

For more information, please contact

Wealth Minerals Ltd.
Quentin Mai
604-331-0096
info@wealthminerals.com
www.wealthminerals.com


Cardero Completes $1,000,000 Investment in Wealth Minerals Ltd.


ETCardero Completes $1,000,000 Investment in Wealth Minerals Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) is pleased to announce that it has completed a $1,000,000 investment in Wealth Minerals Ltd. ("Wealth") of Vancouver, B.C.

Wealth is an early stage mineral exploration company with approximately 37.7 million shares issued and listings on the TSX Venture and Frankfurt Stock Exchanges. Wealth's focus is the acquisition and exploration of prospective uranium properties, primarily in Argentina and Peru. In addition to ongoing work programs on its existing properties, it continues to actively evaluate new potential uranium projects in these and other countries. Wealth recently completed a $1,406,980.26 financing, consisting of 3,349,953 units at a price of $0.42 per unit. Each unit consisted of one common share and one transferable common share purchase warrant, with each warrant being exercisable to acquire one additional common share until October 23, 2011 at an exercise price of $0.60. Cardero purchased 2,380,953 of the units at a cost of $1,000,000.

As a result of this acquisition, Cardero now holds an aggregate of 2,650,353 common shares of Wealth, representing approximately 7.02% of the issued and outstanding common shares of Wealth. Assuming the exercise of the 2,380,953 warrants comprised in the units, Cardero would then hold 5,031,306, or approximately 12.54%, of the then issued common shares (assuming no other warrant or option exercises). Cardero is not acting jointly or in concert with any other persons or companies in connection with such acquisition or the securities of Wealth.

Cardero acquired the securities of Wealth for investment purposes only, and not for the purpose of influencing control or direction over Wealth. Cardero will, however, review its holdings in Wealth from time to time, and may increase or decrease its position as future circumstances dictate.

About Cardero Resource Corp.

Cardero's focus through the coming months is be to realise the considerable value it believes is locked in the Company's significant iron ore assets in the Marcona District of southern Peru in addition to advancing exploration of its gold and copper projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of CARDERO RESOURCE CORP.

Hendrik van Alphen, President

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. All statements, other than statements of historical fact, included herein including, without limitation, statements concerning the intentions of the Company with respect to its holdings of securities of Wealth, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market for, and pricing of, any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies and other risks and uncertainties disclosed in the Company's annual information form filed with the B.C., Alberta and Ontario Securities Commissions and the annual report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

NR09-12

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

For more information, please contact

Cardero Resource Corp.
Quentin Mai
Manager - Corporate Communications & Investor Relations
1-888-770-7488 or (604) 408-7488
(604) 408-7499 (FAX)
qmai@cardero.com
http://www.cardero.com/


26 oct 2009

Mega Uranium Announces Closing of $50 Million Public Offering


TORONTO, ONTARIO--(Marketwire - Oct. 26, 2009) -

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

Mega Uranium Ltd. (TSX:MGA) ("Mega" or the "Company") is pleased to announce the closing today of its previously announced public offering of units. An aggregate of 58,824,000 units were sold under the offering at a price of $0.85 per unit, for gross proceeds of $50,000,400 to the Company. Each unit is comprised of one common share and one-half of one common share purchase warrant of Mega. Each whole warrant entitles the holder to acquire one common share, at a price of $1.25, until October 26, 2014, subject to early expiry if, on any day after October 26, 2012, Mega provides notice within 5 days that the 20-day volume weighted average trading price of the common shares on the Toronto Stock Exchange has exceeded $2.50.

The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and UBS Securities Canada Inc., and including Macquarie Capital Markets Canada Ltd., Thomas Weisel Partners Canada Inc., Haywood Securities Inc., Salman Partners Inc. and Dundee Securities Corporation.

Mega intends to use the net proceeds of the offering for the completion of feasibility studies in respect of its Lake Maitland Project, and the development of the Project, and for working capital and general corporate purposes.

The securities described in this press release 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Mega Uranium

Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on uranium properties in Australia, Canada, Argentina, Bolivia, Colombia and Cameroon. Further information on Mega can be found on the company's website at www.megauranium.com. Mega Uranium's Ben Lomond and Maureen uranium resources are subject to a Queensland State Government policy that presently prohibits the mining of uranium.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this press release constitutes "forward-looking information", which is information regarding possible events, conditions or results of operations that is based upon assumptions about future economic conditions and courses of action. All information other than matters of historical fact may be forward-looking information. In some cases, forward-looking information can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information in this press release includes, but is not limited to, information concerning our anticipated use of the proceeds of the offering.

By its nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. Some of the risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking information contained in this release include, but are not limited to: the possibility we have to allocate proceeds to other uses or reallocate proceeds differently among the anticipated uses due to changes in project parameters or other unforeseen circumstances associated generally with the unpredictability of exploration and development activities.

Although we have attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking information, readers are cautioned that this list is not exhaustive and there may be other factors that we have not identified. Readers are cautioned not to place undue reliance on forward-looking information contained in this release. Forward-looking information is based upon our beliefs, estimates and opinions as at the date of this release, which we believe are reasonable, but no assurance can be given that these will prove to be correct. Furthermore, we undertake no obligation to update or revise forward-looking information if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law. All forward-looking information contained in this release is expressly qualified by this cautionary note.

For more information, please contact

Investor Relations: Mega Uranium Ltd.
Richard Patricio
Executive VP, Corporate Affairs
(416) 643-7630
info@megauranium.com
www.megauranium.com



23 oct 2009

Lumina Capital To Invest In Blue Sky Uranium


Blue Sky Uranium Corp. (TSX-V: BSK) (“Blue Sky” or the "Company") is pleased to announce that Lumina Capital Limited Partnership (“Lumina Capital”), led by Ross Beaty, will subscribe for approximately $1,000,000 of a $1,210,000 non brokered private placement in Blue Sky. The proceeds from this financing will be used to explore and develop the Company's uranium property portfolio in Argentina and for general working capital requirements.

The financing consists of 5.5 million units, at a price of $0.22 cents per unit. Each unit consists of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share at a price of $0.30 for a period of two years. Upon the closing of the financing, Lumina Capital will own approximately 12% of the fully diluted shares of the Company and will retain the right to maintain its percentage interest in Blue Sky through proportionate investments in future financings. Directors and Officers of Blue Sky may participate in a portion of the financing. A finder’s fee may be paid on a portion of the financing. The financing is subject to regulatory approval and the shares will be subject to a four month resale restriction.

“We are very pleased to have Lumina Capital take an initial ownership interest in Blue Sky. In particular, we are pleased to have access to such a high profile and successful team. Lumina Capital’s track record speaks for itself and Blue Sky is looking forward to working with the Lumina Capital team and to its continued support,” said Mr. Sean Hurd, President & C.E.O.

The Company’s exploration focus is to aggressively advance the ANIT uranium project and identify other uranium targets in the region. On its 100% owned ANIT project in Rio Negro Province, Argentina, Blue Sky has, using pit sampling and airborne radiometric survey programs, defined a paleochannel/lake system over a strike length of 15 kilometers. Within the defined system, the Company has focused its exploration work, to date, on two zones, the ANIT West and Central Zones with a combined strike length of 6 kilometers.

The pit sampling program at the ANIT West and Central Zones comprised 123 pits of which 83 pits encountered mineralization. The average grade of the samples taken from the 83 pits over the 6 kilometer strike length was 0.045% U3O8 (379 ppm U) and 475 ppm V with an average recorded mineralized interval of 1.7 meters from surface. Of the 83 pits, 60% bottomed in mineralization and remain open to depth. The best mineralized interval, encountered to date, averages 0.84% U3O8 and 0.20% vanadium (V) over a 3 metre vertical thickness from surface and remains open to depth. Individual pit samples have returned grades up to 2.12% U3O8 over a 0.5 meter vertical interval (see September 19, 2009 press release). Based upon the results of the initial exploration programs, Blue

Sky is planning to initiate a comprehensive drilling program to test the depth extensions of the observed paleochannel system.

The Company believes that the ANIT anomaly may be a paleochannel- or surficial-type uranium occurrence similar in style to known deposits in Western Australia (Lake Maitland NI 43-101 compliant inferred resource of 23.7 million lbs U3O8 at an average grade of 0.03% U3O8) and in Namibia (Langer Heinrich deposit with Measured and Indicated Resources of 56.4Mt grading 0.06% containing 72.4 million pounds lbs of U3O8 and Inferred Resources of 70.7Mt grading 0.06% containing 91.6 million lbs of U3O8).

The technical information contained in this release has been prepared by Bruce Smith, AusIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined by National Instrument 43-101.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is an exploration and development company dedicated to identifying, exploring and developing uranium projects in the Patagonia region of Argentina. The Company is lead by a management and technical team with extensive experience and relationships in South America, particularly Argentina. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America.

22 oct 2009

I Encuentro de Municipios Integrantes de la Alta Cuenca del Río Juramento.

La Cámara de Minería de Salta y La Municipalidad de Coronel Moldes tienen el agrado de invitar al Iº Encuentro de Municipios Integrantes de la Alta Cuenca del Río Juramento, declarado de Interés Provincial y Legislativo, Resolución Nº 251, que se realizara el día 23 de Octubre del cte. año, en el salón de la municipalidad de Coronel Moldes, Av. San Martín Nº 350.

El encuentro tiene como objetivo tratar temas de preservación y protección de los recursos naturales de cada municipio integrante de la cuenca del Río Juramento al que pertenecen 20 municipios. Como así también lograr el compromiso mediante la elaboración de una Agenda Ambiental para el año 2010, en la cual se contemplaran planes de trabajo en forma conjunta por el bienestar del ambiente y la sociedad.

CONFIRMAR ASISTENCIA A:
TEL/ Fax: 0387- 4905327 o 0387- 154653892 Municipalidad de Coronel Moldes
TEL/Fax: 0387-4227429 o 0387-154158506 – Ministerio de Ambiente y Desarrollo Sustentable

obraspublicas@gmail.com – Secretario Obras Publicas Coronel Moldes
majorsalta@hotmail.com – Asesor Ambiental Coronel Moldes
juliodc_ar@yahoo.com.ar – Ministerio de Ambiente y Desarrollo Sustentable



21 oct 2009

Our sponsors in the news: Silver entrepreneur Ross Beaty on how to build mining companies, the value of silver and the future of geothermal energy

The Daily Bell. Issue 423 • Sunday, September 27, 2009
The editors of The Daily Bell are pleased to present an
exclusive interview with mining and energy entrepreneur Ross J. Beaty.

Introduction: Ross J Beaty is a geologist and resource company entrepreneur with more than 37 years of experience in the international minerals industry. In early 2008, Mr. Beaty founded Magma Energy Corp. to focus on international geothermal energy development. Magma currently operates the Soda Lake geothermal plant in Nevada and holds 23 other geothermal properties in the USA, Nicaragua, Chile, Peru and Argentina. Mr. Beaty also founded and currently serves as Chairman of Pan American Silver Corp., one of the world's leading silver producers. Mr. Beaty has founded and divested a number of other public mineral resource companies since 1985.

Mr. Beaty is a Director of The Nature Trust of B.C. and a founder of the Beaty Biodiversity Center at the University of B.C. Mr. Beaty is a past President of the Silver Institute in Washington, DC., a Fellow of the Geological Association of Canada and the Canadian Institute of Mining, and a recipient of the Institute's Past President's Memorial Medal. In 2007 Mr. Beaty received the Association of Mineral Exploration of B.C.'s Colin Spence Award for excellence in global mineral exploration, in 2008 the Mining Person of the Year award from the Mining Association of B.C. and the 2008 Natural Resources & Energy Entrepreneur of the Year Award by Ernst & Young.

Mr. Beaty was born in Vancouver, Canada in 1951 and educated at the Royal School of Mines, University of London, England, M.Sc., Distinction (Mineral Exploration) 1975 and the University of British Columbia, LL.B. (Law) 1979 and B.Sc. (Honours Geology) 1974. He is married with five children. Mr. Beaty speaks English, French, and Spanish, as well as some Russian, German, and Italian. He has worked in more than 50 countries during his career.

Daily Bell: Thanks for sitting down with us.

Ross Beaty: You're welcome.

Daily Bell: Can you give us some background on how you managed to build such successful silver companies.

Continue reading at: http://www.thedailybell.com/537/Ross-Beaty-Pan-American-Silver.html




TNR Gold/International Lithium Commences Sampling Program on Mariana Lithium Brine Project in Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR) and wholly-owned International Lithium Corp. ("ILC") is pleased to announce the initiation of a comprehensive exploration program on the Company's 100% owned Mariana Lithium brine project, located 120 km west of Tolar Grande, Salta province, Argentina.

Key point summary:

•Brine sampling program initiated for complete grid coverage of salar;
•Geochemical investigation initiated to develop hydrogeological model of the salar;
•Encouraging reconnaissance values up to 283 mg/L lithium from shallow subsurface pits; and
•Company ownership encompasses entire salar, 120 km2 contiguous mineral claims;
President of TNR Gold, Gary Schellenberg, states, "We are highly encouraged by the preliminary results and observations reported from the Mariana project. The initial phase of exploration is expected to significantly expand our knowledge and understanding of the salar with the objective to rapidly advance the project to the drill ready stage."

Mariana Exploration Program

The company has embarked on a comprehensive exploration program on its 100% owned Mariana property.

This initial phase of exploration, already underway, entails:

1.a regimented shallow subsurface brine sampling program set at a 2km grid spacing for complete coverage of the salar;
2.a detailed hydrogeologic investigation and sampling program; and
3.structural interpretation and lithogeochemical analysis of the immediate area.
The primary goal of the initial phase of exploration is to geochemically characterize the shallow subsurface brine across the salar, determine zonation and better understand the hydrogeologic model and lithium concentrating mechanisms. The Company's intent is to rapidly advance the project to the drill ready stage but will await completion of the initial phase of exploration, receipt and compilation of the results before a decision is announced.

About the Mariana Project

The Mariana project, a lithium-boron salar, consists of several contiguous mineral claims covering 120 km2 and strategically encompasses the entire salar. Salars, or salt lakes, host some of the largest known lithium and boron resources in the world. Lithium brines with economical grade can be produced directly from Salars without the need for costly and time consuming process of mine construction.

TNR personnel completed a preliminary reconnaissance on the property in order to confirm historic data that reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Seven shallow subsurface brine samples were collected over a limited 3 km length of salar margin with four returning values from 188 to 283 mg/L lithium, and 423 to 698 mg/L boron. These lithium concentration levels are comparable to early stage results from producing salars in North and South America.

Milligrams per litre (mg/L) are approximately equal to parts per million (ppm) when the density of the brine is similar to fresh water.

John Harrop, P.Geo, 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 GOLD CORP. / INTERNATIONAL LITHIUM CORP.

TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, 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 up to 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, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, 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.

CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434



The TSX Venture Exchange does not nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.


For more information, please contact

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


Minera Andes Updates That Production has Resumed at the San Jose Mine


TORONTO, ONTARIO--(Marketwire - Oct. 20, 2009) - Minera Andes Inc. (the "Corporation" or "Minera Andes") (TSX:MAI)(OTCBB:MNEAF) is pleased to inform that it has been advised by Minera Santa Cruz ("MSC") that production has resumed at the San José mine in Argentina.

The San José Mine is operated by MSC and Hochschild Mining plc. As the mine operator, all labour relations are managed by MSC. Minera Andes supports the efforts of MSC in resolving these on-going issues and improving labour relations.

MSC has advised Minera Andes that although this recent stoppage has been resolved, it is possible that additional temporary/minor work stoppages could occur in the future. Minera Andes will disclose any future material work stoppages at the San José mine and will inform the market as the various underlying labour issues are resolved. Information about the daily status of work at the San José mine and any temporary/minor work stoppages at the San José mine will be available on our website – www.minandes.com.

In other news, Minera Andes has been informed by MSC that the information provided by MSC in respect of the number of net ounces of gold and silver sold by MSC in the three month period ending September 30, 2009 and included in Minera Andes' news release dated October 7, 2009 was incorrect. The correct amount of net ounces sold by MSC is 1,535,973 for silver and 24,679 for gold.

Minera Andes is an exploration company exploring for gold, silver and copper in Argentina. It has three significant assets: One, a 49% interest in Minera Santa Cruz SA which owns the San José Mine which is one of the world's largest primary silver producers; two, a 100% earned-in interest in the big Los Azules copper deposit; and three, a portfolio of exploration properties in the prospective Deseado Massif region of Southern Argentina. The company is formulating plans for drilling on these properties in the upcoming drill season in Argentina.

This news release is submitted by James K. Duff, Chief Operating Officer of Minera Andes Inc.

Reliability of Information
Minera Santa Cruz S.A., the owner and operator of the San José mine, is responsible for and has supplied to the Corporation all reported results and operational updates from the San José mine. This press release is based entirely on information provided to Minera Andes by Minera Santa Cruz S.A. (MSC). Minera Andes' joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release. As the Corporation is not the operator of the San José mine, there can be no assurance that production information reported to the Corporation by MSC is accurate, the Corporation has not independently verified such information and readers are therefore cautioned regarding the extent to which they should rely upon such information.

Caution Concerning Forward-Looking Statements:
This press release contains certain forward-looking statements and information, including those related to the resumption of operations and resolution of on- going labour issues at the San José Mine. These forward-looking statements and information expressed, as at the date of this press release, including the corporation's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results, involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of metals, mining industry risks, risks associated with foreign operations, the state of the capital markets, environmental risks and hazards, labour relations, and uncertainty as to calculation of mineral reserves and other risks. This press release contains reference to third-party information contained on, or linked to from, the Corporation's website. No warranty is made as to the accuracy, timeliness, or translation of such information. The Corporation has not independently verified such information and readers are therefore cautioned regarding the extent to which they should rely upon such information.

Readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See our annual information form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. All forward-looking statements and information made in this news release are qualified by this cautionary statement.



For more information, please contact

Minera Andes Inc.
Helen Bilhete
Director, Investor Relations
Toll-Free: 1-866-441-0690 or 647-258-0395
647-258-0408 (FAX)
info@minandes.com
www.minandes.com


20 oct 2009

Andean Announces Drilling and Project Update

Sydney, 20 October 2009

Andean Resources (ASX/TSX:AND) today announced continued drilling success at the high grade Bajo Negro vein at the Company’s 100% owned Cerro Negro gold project in Southern Argentina.

Today’s results, covering 16 drill holes, continued to extend the Bajo Nego vein by another 150 meters along strike to the north west of previous drilling, in addition to successful delineation drilling. The vein remains open along strike and to depth along the majority of its currently defined strike length of 1.1 kilometers.
The Company also announced its plans to include the resource from Bajo Negro, which will be completed in the first quarter 2010, in the Bankable Feasibility Study. The inclusion of the Bajo Negro resource is expected to add significantly to the already robust economics of the Cerro Negro project. This modified study, including the new high grade vein, will be completed in the June quarter of 2010.

The 2009/10 Cerro Negro exploration program continues as planned with float sampling, geological mapping, ground magnetics and induced polarization surveys underway at the Mariana and San Marcos targets. Drill testing of these new targets is anticipated during the current Quarter.

A full copy of today’s ASX/TSX release, which includes a long section illustrating the latest Bajo Negro drill results, is attached.

Regards,
Morrice Cordiner
Director, Andean Resources
T: +61 2 9276 1245
M: 0412 270 761
E: morrice@bigpond.net.au
Level 7, 151 Macquarie Street, Sydney NSW 2000


14 oct 2009

Pan American Silver Corp. to Launch Friendly Offer For Aquiline Resources Inc.








VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009)

(Note: All currency figures are in CDN$, unless otherwise indicated)

Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) and Aquiline Resources Inc. ("Aquiline") (TSX:AQI) are pleased to announce that they have signed a support agreement (the "Support Agreement") pursuant to which Pan American will make a formal take-over bid to acquire all of the issued and outstanding shares of Aquiline (the "Share Offer"). Contemporaneously with the Share Offer, Pan American also proposes to make formal take-over bids for each outstanding series of Aquiline warrants and the Aquiline convertible debenture (together, the "Convertible Security Offers"). The transaction value implied by all of the offers is approximately $626 million.

The Share Offer will be made on the basis of 0.2495 of a Pan American common share, plus 0.1 of a Pan American common share purchase warrant for each Aquiline common share. Each of these warrants will entitle the holder to acquire one Pan American common share at a price of $35.00 per Pan American common share for a period of five years after the date on which Pan American first pays for Aquiline common shares tendered to the Share Offer (the "Five Year Pan American Warrant"). The consideration offered pursuant to the Convertible Security Offers will consist of replacement Pan American securities, exercisable to acquire Pan American common shares, with similar terms to the respective Aquiline securities, subject to an adjustment based on a 0.2495 exchange ratio.

Based on the closing price of Pan American common shares on the TSX on October 13th, 2009 (and assuming a value of $0.81 for each 0.1 of a Five Year Pan American Warrant), the implied value of the Share Offer is $7.47 per Aquiline common share, which represents a premium of approximately 36.6% over the closing price of Aquiline common shares on the TSX on the same date, and a 62.0% premium to Aquiline's 10-day volume weighted average price. Aquiline shareholders will own approximately 19% of the enlarged Pan American.

The Board of Directors of Aquiline, after receiving the recommendation of a special committee of independent directors, has unanimously determined (i) that the Share Offer is fair to Aquiline's shareholders and is in the best interest of Aquiline, and (ii) to recommend that Aquiline shareholders tender their common shares to the Share Offer. BMO Capital Markets, financial advisor to Aquiline, has delivered a fairness opinion to the Board of Directors of Aquiline in connection with the Share Offer. Cormark Securities Inc. has also delivered a fairness opinion to the Board of Directors of Aquiline in connection with the Share Offer. The offers are conditional on the directors and senior officers of Aquiline entering into lock-up agreements with Pan American and agreeing to tender all of their Aquiline shares in support of the Share Offer. The Support Agreement and the transactions contemplated herein arose as a result of a review of strategic alternatives undertaken by Aquiline.

Highlights of the Transaction

The acquisition will add a world-class silver development project to Pan American's portfolio, while providing Aquiline shareholders with both a substantial premium on their shares and the opportunity to participate in Pan American's prospects for near- and long-term growth. The addition of Navidad and Aquiline's other projects would increase Pan American's estimated measured and indicated silver resources (inclusive of proven and probable reserves) to approximately 945 million ounces. Estimated inferred silver resources would increase to approximately 233 million ounces. In addition, the combined companies would boast approximately 1.9 million ounces of gold in estimated measured and indicated resources (inclusive of proven and probable reserves), while estimated inferred gold resources would increase to approximately 817 thousand ounces.

"We believe the acquisition of Aquiline provides a perfect match with Pan American's core strength as a developer and operator of primary silver mines. The Navidad project is one of the world's largest undeveloped silver deposits and we will bring all the skills, technology and experience we have gained commissioning or expanding five new mines in the last six years to its development and operation. This is a true value creation story for both Aquiline and Pan American shareholders. With both the Navidad and La Preciosa development projects in our portfolio, Pan American is well on its way to producing 40 million ounces of silver annually," said Geoffrey Burns, President and Chief Executive Officer of Pan American.

Mr. Burns continued, "We have an excellent track record of working with both the government and local communities in Argentina. Our successful development of Manantial Espejo resulted in us being recognized as the 2009 Mining Company of the Year in Argentina. That award was a testament to the dedication and professionalism of our Argentinean operating group. We are looking forward to working productively and proactively with the provincial government in Chubut and local communities that surround Navidad and are committed to developing Navidad into a flagship silver mine which both Pan American and the people of Argentina can be proud of. Pan American is confident that it can demonstrate to all interested parties in the provinces of Chubut and Rio Negro the benefits of responsible mining."

Marc Henderson, Director and Chief Executive Officer of Aquiline, said, "We are impressed with Pan American's track record of bringing projects into production, and in particular its strength in government and community relations in Argentina. Pan American already owns and operates eight mines in the Americas, and by adding Navidad, Pico Machay, and Calcatreu into its portfolio, Aquiline will diversify and mitigate its risk profile as well as gain immediate access to Pan American's financial strength and proven development team. This is a win-win transaction and the full Board of Aquiline and I believe that tendering into Pan American's offer is in the best interests of our shareholders, through both the attractive up-front premium and the opportunity to participate in the tremendous upside we see as the development of Navidad unfolds in an enlarged Pan American."

Under the terms of the Support Agreement, Aquiline is subject to certain customary non-solicitation covenants, including the obligation to pay Pan American a non-completion fee of $18 million under certain circumstances. In addition, Aquiline has provided Pan American with certain other customary rights including a five business day right to match a proposal deemed superior by the Aquiline Board of Directors. Under certain other circumstances, where the Support Agreement is terminated, Aquiline is obligated to reimburse Pan American's reasonable expenses up to a maximum of $3 million.

The Share Offer and each of the Convertible Securities Offers are conditional upon a minimum of 66 2/3% of the outstanding Aquiline shares on a diluted basis being tendered to the Share Offer. The Share Offer is not contingent on a successful take-up under any of the Convertible Securities Offers.

Pan American expects to launch the formal take-over bids as soon as practicable. Detailed terms and conditions of the Share Offer and the Convertible Securities Offers will be set out in the formal offer and bid circular to be mailed to Aquiline security holders. The transaction is subject to stock exchange approvals, the receipt of certain confirmations under Argentinean anti-trust laws, and other customary closing conditions. Pan American shareholders will not be required to vote on the transaction.

Advisors and Counsel

Pan American's financial advisor is Goldman, Sachs & Co., and its legal counsel is Borden Ladner Gervais LLP and Skadden, Arps, Slate, Meagher & Flom LLP. Brons & Salas Abogados is legal counsel to Pan American with regard to Argentinean law matters. Aquiline's financial advisor is BMO Capital Markets and its legal advisor is Fogler, Rubinoff LLP. Davis Graham & Stubbs LLP is legal counsel to Aquiline with regard to US law matters. Cardenas, Di Cio, Romero, Tarsitano & Lucero is legal counsel to Aquiline with regard to Argentinean law matters. Aquiline's Special Committee is receiving financial advice from BMO Capital Markets and legal advice from Fasken Martineau DuMoulin LLP. Cormark Securities provided a fairness opinion to the Board of Directors of Aquiline in connection with the Share Offer.

Conference Call

Pan American and Aquiline will host a joint conference call and webcast on https://www.livemeeting.com/cc/vcc/join?idequalsw5354588&roleequalsattend&pwequalsA535458 on October 14, 2009 at 10:00am ET (7:00am PT) to discuss this announcement. The conference call can be accessed by dialing 1-800-820-0231 (US and Canada) or 1-416-640-5926 (International), and then access code 5354588. A live webcast of the conference and the presentation can be accessed on Pan American's website at www.panamericansilver.com.

About Pan American

Pan American Silver Corp's mission is to be the world's largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. Pan American has eight operating mines in Mexico, Peru, Argentina and Bolivia.

About Aquiline

Aquiline Resources Inc. is an exploration and development company advancing one of the world's largest undeveloped silver deposits (Navidad), as well as a gold/silver deposit (Calcatreu), both of which are situated in southern Argentina, as well as a gold deposit in Peru (Pico Machay).

Additional Information Regarding Mineral Reserves and Resources

Attached as Appendix "A" to this news release are the mineral reserve and resource estimates for Pan American as at December 31, 2008. Michael Steinmann, P.Geo. Executive Vice President, Geology and Exploration of Pan American and Martin Wafforn, P. Eng., Vice President, Technical Services of Pan American are the "qualified persons" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") who supervised the preparation of the scientific and technical information of Pan American included in this press release. Incremental additions to Pan American's mineral resources expected to result from a successful acquisition of Aquiline by Pan American are based solely on scientific and technical information provided by Aquiline and neither Pan American nor Messrs. Steinmann or Wafforn accept any responsibility in respect of technical information of Aquiline contained in this press release. For more information on Pan American's projects, readers should refer to the Pan American's Annual Information Form for the year ended December 31, 2008, dated March 31, 2009 and the technical reports referenced therein and Pan American's Annual Report for the year ended December 31, 2008, each of which is available on SEDAR at www.sedar.com.

Attached as Appendix "B" to this news release are the mineral resource estimates for Aquiline as at June 2009. Peter Myers, B.E. (Min)(Hons), MAusIMM, of Snowden Mining Industry Consultants ("Snowden"), Pamela De Mark, BSc (App Geo), MAusIMM. of Snowden and John A. Wells, BSc (Hons), MBA, MCIMM, FSAIMM, Independent Metallurgical Consultant are the independent "qualified persons" within the meaning of NI 43-101 who supervised the preparation of the scientific and technical information of Aquiline's Navidad project included in this press release. Doug Roy, M.A.Sc., P.Eng., an Associate Mining Engineer with Caracle Creek International Consulting Inc. is the independent "qualified person" within the meaning of NI 43-101 who supervised the preparation of the scientific and technical information of Aquiline's Pico Machay project included in this press release. Eugene Puritch, P.Eng., of P&E Mining Consultants Inc. and B. Terrence Hennessey, P.Geo. of Micon International Limited are the independent "qualified persons" within the meaning of NI 43-101 who supervised the preparation of the scientific and technical information of Aquiline's Calcatreu project included in this news release.

For more information on Aquiline's projects, readers should refer to Aquiline's Annual Information Form for the year ended December 31, 2008 and dated March 30, 2009 and the technical reports referenced therein, the technical report entitled "Aquiline Resources Inc.: Navidad Project, Calcatreu Province, Argentina" dated May 2009, as amended June 2009, the press release of Aquiline dated October 13, 2009, and Aquiline's Annual Report (amended) for the year ended December 31, 2008, each of which is available on SEDAR at www.sedar.com.

Mineral resources that are not mineral reserves have no demonstrated economic viability. The preliminary economic assessment of the Navidad project is preliminary in nature and includes "inferred mineral resources" that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment at the Loma de La Plata deposit comprising part of the Navidad project will ever be realized.

Cautionary Note Regarding Mineral Reserve Estimates

Pan American and Aquiline are required to describe mineral resources associated with their properties utilizing Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") definitions of "indicated" or "inferred", which categories of resource are recognized by Canadian regulations but are not recognized by the United States Securities Exchange Commission (the "SEC"). The definitions of proven and probable mineral reserves used in National Instrument 43-101 Standards of Disclosure for Mineral Projects adopted by Canadian Securities Administrators ("NI 43-101") differ from the definitions in the SEC Industry Guide 7. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian regulations. However, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade, without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and mineral reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards.

Accordingly, information contained in this release containing descriptions of mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Additional Information About The Transaction And Where To Find It

In connection with the proposed transaction, Pan American will file relevant materials with the SEC, including one or more registration statements that contain a prospectus. Investors and security holders are urged to read these documents (if and when they become available) and any other relevant documents filed by Pan American with the SEC, as well as any amendments or supplements to these documents because they will contain important information. Investors and security holders may obtain these documents free of charge at the SEC's website at www.sec.gov. In addition, the documents filed with the SEC by Pan American may be obtained free of charge by directing such request to: Kingsdale Shareholder Services ("Kingsdale") at 1-888-518-6824 or from Pan American's website at www.panamericansilver.com. Such documents are not currently available. Investors and security holders are urged to read the prospectus and the other relevant materials when they become available before making any investment decision with respect to the proposed transaction. Security holders who have questions about the Transaction can also contact Kingsdale. Kingsdale has been retained by Pan American to act as Information Agent for the Transaction.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements and information in this news release constitute "forward looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward looking information" within the meaning of applicable Canadian provincial securities laws relating to Pan American, Aquiline and their respective operations. All statements, other than statements of historical fact, are forward looking statements. When used in this news release, the words "will", "believe", "estimate", "expect", "goal", "implied", "may", and other similar words and expressions, identify forward-looking statements or information. These forward looking statements or information relate to, among other things: the satisfaction or waiver of the conditions precedent of the Support Agreement, the directors and senior officers of Aquiline entering into lock-up agreements with Pan American, the timing of the expected launch of the formal take-over bids, the timing and prospects for security holder acceptance of the offers and the implementation thereof, the accuracy of mineral reserve and resource estimates, the accuracy of estimated future production and goals, timing of development and production, estimated production rates for silver and other payable metals produced by Pan American, value creation and growth for Pan American and Aquiline's shareholders, the effects of laws, regulations and government policies affecting Pan American's and Aquiline's operations including but not limited to construction and development of the Navidad project, growth opportunities of Pan American, the price of silver and other metals, the sufficiency of Pan American's current working capital or its ability to raise necessary funds and Pan American plans and expectations for its properties and operations, and the accuracy of estimated mineral resources if the acquisition is completed. These statements reflect the current views of Pan American and Aquiline, respectively with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by each of Pan American and Aquiline, respectively, are inherently subject to significant business,
economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward looking statements contained in this news release and both Pan American and Aquiline, respectively, has made assumptions based on or related to many of these factors. Such factors include without limitation: the fluctuations in spot and forward markets for silver, gold, base metals and certain other commodities (such as natural gas, fuel oil and electricity); fluctuations in currency markets (such as the Argentine peso, Peruvian sol, Mexican peso and Bolivian boliviano versus the U.S. dollar); risks related to the technological and operational nature of Pan American and Aquiline's businesses, respectively;
changes in national and local government, permitting, legislation, taxation, controls or regulations and political or economic developments in Canada, the United States, Argentina, Mexico, Peru, Bolivia or other countries where Pan American and Aquiline may carry on business in the future; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; availability and increasing costs associated with mining inputs and labor; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of mineral reserves as properties are mined;
global financial conditions; business opportunities that may be presented to, or pursued by Pan American or Aquiline; Pan American's ability to complete and successfully integrate acquisitions; challenges to Pan American's or Aquiline's title to properties; litigation, the actual results of current exploration activities, conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors; discrepancies between actual and estimated production, price volatility, increased competition in the mining industry for properties, equipment, qualified personnel, and their costs; and those factors identified under the caption "risks related to Pan American's business" in Pan American's most recent Form 40-F and annual information form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities and those factors identified under the caption "description of business - risk factors" in Aquiline's annual information form filed with certain Canadian provincial securities regulatory authorities and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. Although Pan American and Aquiline, respectively, have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Pan American and Aquiline do not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view Appendix "A" and Appendix "B", please click on the following link: http://media3.marketwire.com/docs/paa1014.pdf.

For more information, please contact

Pan American Silver Corp
604-6841175
www.panamericansilver.com

or

Aquiline Resources Inc.
416 599 4133
www.aquiline.com


Golden Minerals Provides New El Quevar Resource Estimate


GOLDEN, CO--(Marketwire - October 14, 2009) - Golden Minerals Company (TSX: AUM) (PINKSHEETS: GDMN) ("Golden Minerals" or "the Company") is pleased to provide a new resource estimate for the Yaxtché zone of its 65% owned El Quevar project located in the Salta Province of northwestern Argentina. The new resource estimate is based on a Canadian National Instrument 43-101 ("NI 43-101") compliant technical report prepared by Chlumsky, Armbrust and Meyer, LLC ("CAM") dated October 12, 2009. The new CAM NI 43-101 compliant report demonstrates a resource estimate of approximately 0.3 million tonnes of indicated resource at an average grade of 430 grams per tonne of silver and 1.6 million tonnes of inferred resource at an average grade of 415 grams per tonne of silver, resulting in 4.3 million total contained ounces of silver in the indicted resource category and 21.9 million total contained ounces of silver in the inferred resource category, at a cutoff of 100 grams per tonne silver.

Presented in the table below is a comparison of the three resource estimates completed to date for the El Quevar project: Resource information is presented on a 100% basis.



The new CAM resource estimate assumes selective underground mining with continuity along strike and down dip supported by geologic interpretation of all holes logged to date in the mineralized zone, as compared to the February 2009 SRK estimate which assumed open pit mining of surface oxide materials.

A 141 diamond drill hole data base was used in the new CAM resource estimate, which includes 50 additional drill holes that were not included in the data used by CAM in its August 2009 report, with 10 additional drill holes from the west extension of the Yaxtché central zone. A further 23 drill holes have now been completed at the El Quevar Yaxtché central and west zones that are not included in the new CAM resource estimate but will be included in future resource updates.

To date, the Company has completed a total of 164 diamond drill holes, totaling about 30,000 meters at the El Quevar project, where the Company controls mineral and surface rights to approximately 64,000 hectares. The current focus of the drill program is in the central part of the Yaxtché zone to confirm structure and continuity, and on infill drilling on the west extension of the Yaxtché zone to better define the resource. The Yaxtché zone remains open along strike and at depth. The Yaxtché zone is one of 13 targets in the El Quevar project area. Drilling is also planned to test additional selected targets in the project area, including the Viejo Campo target area. There are currently three drills operating at the El Quevar project. The Company is proceeding with feasibility work including permitting, metallurgical work, preliminary mine and plant design and planning for underground access to the mineralized zone.

Silver mineralization at El Quevar is hosted within a broad, generally east-west-trending structural zone and occurs as a series of north-dipping parallel-sheeted vein zones, breccias and mineralized faults situated within an envelope of pervasively silicified brecciated volcanic rocks and intrusive breccias. The silver mineralization at the Yaxtché zone is of epithermal origin. The cross-cutting nature of the mineralization, the assemblage of sulfide and alteration minerals, and the presence of open spaces with euhedral minerals, all point to an origin at shallow to moderate depths (a few hundred meters below surface) from hydrothermal solutions.

A drill hole location map and listing of all drill intercepts for the holes at El Quevar for which the Company has received and verified results are available at http://www.goldenminerals.com/.

Review by Qualified Person, Quality Control and Reports

The resource estimation was performed by Robert Sandefur, P. E. of Chlumsky, Armbrust and Meyer, LLC, a Qualified Person as defined by NI 43-101, who is independent of Golden Minerals. The mineral resources in this estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Standards on Mineral Resources and Reserves, Definitions and Guidelines, prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on December 11, 2005.

Results of the Company's drilling program have been reviewed, verified, and compiled under the direction of the Company's Senior Vice President of Exploration, Robert Blakestad, M.Sc., P.Geo, L.P.G.; a Qualified Person for the purpose of Canada National Instrument 43-101. Mr. Blakestad has over 35 years of mineral exploration experience, is a Professional Geoscientist registered in Nova Scotia and a Licensed Professional Geologist in the state of Washington.

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Mendoza, Argentina. Prepared samples are direct-shipped to ISO 9001:2001 certified laboratories in Santiago, Chile or Vancouver, B.C. Pulp splits of mineralized intervals are re-assayed at certified independent referee laboratories in Chile and Canada.

The independent NI 43-101 technical reports are available on the Company's website.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its exploration projects and in providing mine management services. The Company has a portfolio of 35 exploration projects, primarily located in Argentina, Peru and Mexico, including the advanced stage El Quevar project in the Salta Province of northern Argentina. The Company's experienced management team has proven in house ability to explore, develop and operate mining projects. Golden Minerals operates the San Cristobal mine in Bolivia for Sumitomo Corporation under a Management Services Agreement.

Cautionary Note to U.S. Investors concerning Estimates of Indicated and Inferred Resources: This press release uses the terms "indicated resources" and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. We advise U.S. investors that these terms are not recognized by the United States Securities and Exchange Commission (the "SEC"). The estimation of indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the exploration results and programs at the El Quevar Project, results of exploration activities, anticipated further updates of the El Quevar resource estimate, planned exploration activities, and planned feasibility work. These statements are subject to risks and uncertainties, including results of exploration and whether the results support engineering and other feasibility work on El Quevar, changes in geological interpretations, whether surface sampling results are indicative of further exploration results, availability of drills, unexpected variations in ore grade, types and metallurgy, whether the resources reported will be converted to reserves and whether the resources reported, including information regarding contained ounces, will be reduced as additional exploration and feasibility work is completed, including feasibility work on processing alternatives and projected recovery rates, results of feasibility work and uncertainties regarding whether project feasibility will be supported, financial market conditions, unexpected increases in costs of materials and supplies used in exploration activities, fluctuations in silver and other metal prices, technical and permitting issues, and the ability and success of the Company in raising adequate capital and implementing its plans. Golden Minerals Company assumes no obligation to update this information. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K of its predecessor for reporting purposes, Apex Silver Mines Limited, for the year ended December 31, 2008.

For additional information please visit http://www.goldenminerals.com/ or
contact:

Golden Minerals Company
Jerry W. Danni
(303) 839-5060
Sr. Vice President Corporate Affairs


REG-U3O8 Holdings Plc: Option Signed To Acquire Entropy Resources S.A.

U3O8 Holdings Plc - Option Signed To Acquire Entropy Resources S.A., New Director Appointment and Issue of Equity

13 October 2009

HIGHLIGHTS

* Option to purchase Entropy Resources S.A. signed by U3O8 Holdings plc * Diversifies U3O8's project portfolio from being solely uranium to include copper, gold and silver in the San Juan province of Argentina

* Eduardo Videla, Vice-President of Entropy Resources S.A., appointed to the board of U3O8 as a Non-Executive Director, bringing substantial experience in the mining industry to the board

CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID:

"After a long and detailed period of due diligence, I am delighted that we have been able to sign the option to purchase agreement with the shareholders of Entropy Resources and now look forward to working towards developing the projects that Entropy brings to U3O8, be it through joint ventures or otherwise.

The agreement with Entropy serves to diversify U3O8's interests in South America, and on exercise of the option we will have five projects within our portfolio prospective for uranium, copper, gold and silver."

OPTION TO PURCHASE AGREEMENT

The Board of U3O8 Holdings plc ("U3O8" or "the Company") is pleased to announce that following a period of detailed due diligence it has proceeded to sign an option to purchase agreement (the "Agreement") which grants the Company the right to acquire the entire issued share capital of Entropy Resources S.A., ("Entropy") (the "Option").

Entropy controls three exploration projects in the San Juan province of Argentina prospective for copper, gold and silver mineralization. The Amiches and San Francisco projects are both located in the high Andes, and are prospective for epithermal gold and silver deposits, whilst the Cerro Blanco project is located in the foothills of the Andes, and is prospective for a porphyry deposit. All of the projects are located in the province of San Juan, Argentina, which is where Barrick Gold's world-class Veladero gold mine is located. Further details of the projects are provided at the end of this announcement.

Under the Agreement, U3O8 Holdings plc has been granted the right to acquire he entire issued share capital of Entropy Resources S.A. at any time up to and including 31 December 2013. The consideration payable by U3O8 pursuant to the Agreement is £980,000 and a signing on bonus of $50,000 to be satisfied by cash payments of £500,000 and $50,000, and £480,000 through the issue of 8,000,000 new ordinary shares in the capital of the Company, credited as fully paid up at 6p per share. On completion, a payment of £10,000 is payable in respect of the signing on bonus, which represents the $50,000 less amounts already paid by the Company for exclusivity.

The remainder of the consideration is payable in tranches between the date of the Agreement and 31 December 2013 as follows:

Completion 31.12.09 31.12.10 31.12.11 31.12.12 31.12.13 Total

Number of 1,000,000 1,400,000 2,000,000 1,600,000 1,200,000 800,000 8,000,000
shares

Cash £nil £50,000 £75,000 £100,000 £125,000 £150,000 £500,000

If the Company decides to exercise the Option, all consideration which has not, at that date been paid, shall be paid to Entropy Resources S.A.. However, U3O8 may terminate the Agreement by serving Entropy with 30 days' written notice, following which no further consideration would become due.

The Company will be working with the management of Entropy to further develop the current projects which will be funded externally as appropriate. There is currently no fixed intention over when the Option may be exercised as that decision will depend on the results of the future development of the projects and economic viability at the time. Management are, however, satisfied with the results of due diligence to date and are pleased to have concluded this stage
of negotiations.

Entropy's financial statements for the year ended 31 December 2008, show turnover of Pesos $nil and a loss before tax of Pesos $50,000, which relates to mining property maintenance and field exploration.

APPOINTMENT OF EDUARDO VIDELA

Upon signature of the option to purchase agreement on 14th September, Eduardo Videla, Vice-President of Entropy Resources S.A., was appointed as a Non-Executive Director of U3O8 Holdings plc.

Eduardo Videla is a Registered Geologist who has accumulated over 20 years of mining experience, of which the last ten have been working at Gemcom Australia Pty Ltd, a world-leading provider of mine production management solutions in Australia and Asia Pacific, as Senior Business Analyst. Eduardo is a Member of the AusIMM, and has significant experience in the mining industry, having worked as a geological consultant since 1993. In this time, Eduardo has assisted numerous companies during all phases of project development, including grass roots exploration, pre-feasibility and bankable feasibility studies, with an emphasis in ore-body modelling and resource and reserves estimation. He is a Qualified Person as defined in Canadian National Instrument 43-101 and the Australian Joint Ore Reserve Committee ("JORC").

Eduardo is President & Director of Entropy Resources Pty Ltd, a private company registered in Australia and has been Vice-president & Director of Entropy Resources S.A. in Argentina, prior to joining the board of U3O8 Holdings.

ISSUE OF EQUITY

U3O8 Holdings plc ("U3O8" or "the Company") announces that the Company has issued 1,000,000 ordinary shares as per the terms of the Option To Purchase Agreement between U3O8 and Entropy Resources S.A..

500,000 shares have been issued to each of Eduardo Videla and Jorge Bastias, and the new ordinary shares rank pari passu with the existing ordinary shares.

As a result, the total issued share capital is now 72,000,845 ordinary shares, of which the directors are interested in a total of 12,846,644 shares, representing 17.84% of the issued share capital.

The Directors of the Issuer accept responsibility for this announcement.

ENQUIRIES:

CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER

TELEPHONE: 020 7803 0607

E-MAIL: Conrad@U3O8Holdings.com

CORPORATE ADVISERS

GRANT THORNTON UK LLP

FIONA KINDNESS

TELEPHONE: 020 7383 5100

Project Overview of Entropy Resources S.A.

Following the signing of the Option To Purchase Agreement with Entropy Resources S.A. ("Entropy") the Board of U3O8 Holdings plc ("U3O8") is pleased to provide the following overview on the three projects of Entropy.

THE AMICHES PROJECT

The Amiches project, which covers an area of 131 square km's, is located in the High Andes in the north-west sector of the province of San Juan, Argentina, about 40 kilometres west of the village of Pismanta. The project elevation ranges from 3,700 metres to 4,800 metres.

The oldest rocks in the area belong to the Cerro Agua Negra Formation, which is Upper Carboniferous to lower Permian in age. Overlying this unit with a strong angular unconforminty are the sub-aerial volcanics of the Choiyoi Group that are early Permian to early Triassic in age. Also, plutons related to the Colangüil Batholith were emplaced during the Permian.

Limited exploration performed by previous workers consisted of stream sediment and random rock chip sampling in the "anfiteatro" alteration zone. However, this work did yield anomalous rock chip samples with values up to 12.4 g/t gold and 60 g/t silver. Reconnaissance field work carried out by U3O8 during the due diligence period consisted of mapping, sampling and PIMA alteration studies.
This work also focused on the "anfiteatro" alteration zone. Analytical results confirmed the earlier work which indicated small, scattered zones of anomalous gold mineralization. The highest value obtained by U3O8 sampling was 4.9 g/t. However, results of the PIMA studies indicated that the alteration mineralogy at the "anfiteatro" is not caused by high sulfidation type fluids as stated by previous workers, but is restricted to structures and is more likely to have
been formed by a low sulfidation fluid event. Hence, the "anfiteatro" zone has the potential of hosting low sulfidation style mineralization within structurally controlled, epithermal quartz veins.

In addition, a new zone of interest referred to as the Pirquen zone was discovered west of Quebrada Amiches and the main "anfiteatro" alteration zone. Here, high sulfidation diagnostic alteration minerals such as dickite were identified in 80% of the samples collected covering an area of about 250 by 750 metres. This mineralogy is indicative of the upper part of a high sulfidation precious metal system. The zone beneath is considered to be highly prospective
for gold mineralization.

THE SAN FRANISCO PROJECT

The San Francisco project, which covers an area of 218 square km's, is located in the High Andes, south of the Amiches project, in the west central sector of the province of San Juan. The mean elevation is 3,700 metres and the highest elevations are reached at 4,600 metres.

The rocks in the area are similar to those at Amiches. Work performed by Entropy and previous workers at Cerro San Francisco indicate that it has characteristics of transitional systems ranging from high to low sulfidation epithermal style, structurally controlled mineralization hosted in quartz veins. Western Mining carried out a preliminary assessment of the project area
in the mid-1990's and identified interesting gold and silver anomalies in the Las Leñas area with values up to 2.4 g/t gold. No fieldwork was carried out by U3O8 on the San Francisco project during the due diligence period.

THE CERRO BLANCO PROJECT

The Cerro Blanco project is located in the Paramillos mining district, at an average altitude of 3,000 metres in the south-west province of San Juan near the town of Barreal, covering an area of 130 square km's.

Most of the area is covered by volcanic porphyries, tuffs and breccias of Permo-Triassic age, which have been intruded by hornblende porphyry at Morro de Cobre. Alteration and copper mineralization appears to be associated with this intrusive.

Porphyry copper exploration in the district commenced in the 1960's when Fabricaciones Militares carried out detailed surface mapping and sampling, which identified a porphyry intrusive on Morro de Cobre as well as hydrothermal alteration and surface copper mineralization. Samples collected ranged up to 1% copper and 136 parts per million molybdenum ("ppm"). In 1968 Fabricaciones Militares drilled three shallow holes totalling about 310 metres. The best hole was Hole 3, which bottomed in 60 metres, averaging about 500 ppm copper.

Field work, consisting of mapping and sampling was carried out by U3O8 on the intrusive and the host volcanics in order to assess the extent of the copper mineralization and to classify the porphyry so as to determine its potential for hosting significant copper mineralization. The results of the work were mixed in that they showed that the system has the potential to produce a significant deposit, but that the exposed extent of the favourable porphyry is limited.

This suggests that the target zone is not exposed at surface but is "blind" i.e. located at depth, possibly covered by the host volcanic rocks. Consequently, future work will entail geophysical surveys in order to identify any possible blind target. Two additional areas of alteration, Despoblados and La Fortuna, located in the southern sector of the project remain to be
evaluated.

Glossary of Technical terms used in the Announcement:

Cerro Agua Negra Formation: An Upper Carboniferous to Lower Permian age suite of sedimentary rocks made up of conglomerate, sandstones and mudstones. These rocks are about 330 to 270 My. years old and are overlain by the Choiyoi Group.

Choiyoi Group: A Permo-Triassic age suite of terrestrially deposited volcanic rocks made up of volcanic centres with associated intrusives and reworked lava flows. These rocks are about 270 to 200 My. years old.

Hydrothermal: Mineral deposits or minerals formed from fluids released from cooling magmas.

PIMA alteration studies: The PIMA machine is a field portable spectrometer which is designed to allow the geologist to measure "laboratory" standard spectra of minerals in the field. The spectra are of sufficiently high resolution to reveal spectral detail of absorption bands that can be used to identify minerals. It is generally used to identify hydrothermal alteration minerals associated with mineral deposits.

Epithermal quartz veins: These are quartz veins that are formed as part of a hydrothermal ore forming process. They may or may not contain metals with concentrations of economic interest

Hornblende porphyry: An intrusive rock made up dominantly of feldspars with a porphyrytic texture (occurring as discrete, large crystals) of hornblende. This rock type is associated with copper porphyry deposits.

Morro de Cobre : translates as "Copper Hill". There are copper occurrences on this hill.

High sulfidation: Also known as acid leached. These precious metal deposits are hosted by acid leached silicic rock associated with fluids generated in the volcanic-hydrothermal environment. The mineralization usually is disseminated, within breccias or as replacements of earlier minerals. Alteration halos are well developed and extensive.

Low sulfidation: Also known as quartz - adularia. The fluid responsible for the formation of these precious metal veins are similar to waters found beneath hot springs in geothermal systems i.e. waters that are reduced and neutral-pH. The mineralization tends to be localised in veins or stockworks. Alteration halos are restricted to close to the vein system.