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

30 nov 2010

MARIANA RESOURCES ANNOUNCES GLOBAL PRIVATE PLACEMENT


TORONTO, Nov. 30 /CNW/ - Mariana Resources Limited ("Mariana" or the "Company") (AIM:MARL), an exploration and development company focused in Argentina and Chile, is planning to undertake a global private placement (the "Global Private Placement") to raise gross proceeds of £6.2 million (approximately C$9.9 million) at a price of 40 pence per ordinary share. The Global Private Placement will be comprised of the following components:

1. placement to investors in North America ("North American Placement"), pursuant to the Exemptions (as hereinafter defined), led by Paradigm Capital Inc. and including GMP Securities L.P.; and
2. placement to investors outside of North America brokered by finnCap Limited and including the Company's nominated adviser, RFC Corporate Finance Limited.

The securities issued under the North American Placement will be offered by way of Private Placement exemptions (the "Exemptions") in all the provinces of Canada and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act").

Both components of the Global Private Placement are to be closed simultaneously with identical commercial terms and conditional on each other.

The net proceeds from the Global Private Placement will be used to accelerate the exploration of the Company's project portfolio in Argentina and Chile, and for general corporate and working capital purposes. The Company's primary focus will be to fast-track exploration drilling at its flagship Las Calandrias gold discovery, located in the prospective Deseado Massif gold district in southern Argentina, to define a resource and evaluate the economic potential of the project.

Each component of the Global Placement is scheduled to close on or about December 9, 2010 and will be subject to certain conditions and regulatory approvals.

This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the ordinary shares in any state in which such offer, solicitation or sale would be unlawful. The ordinary shares have not been registered and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from the registration requirements is available.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward looking information. Such forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or to be achieved and any other similar expressions. In providing the forward-looking information in this news release, the Company has made numerous assumptions regarding: (i) the accuracy of exploration results received to date; (ii) anticipated costs and expenses; (iii) that the results of economic analysis are positive; and (iv) that future exploration results are as anticipated. Management believes that these assumptions are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking information. Forward-looking information is based on estimates and opinions of management at the date the statements are made. Except as required by law, Mariana does not undertake any obligation to update forward-looking information even if circumstances or management's estimates or opinions should change. Readers should not place any reliance on forward-looking information.

About Mariana

Mariana is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in Argentina and Chile. In Argentina, in addition to the Las Calandrias gold-silver discovery project, the Company owns the Sierra Blanca silver prospect and has a joint venture with Hochschild Mining. Mariana also owns exclusive exploration rights to a 160,000 Ha area. All of these projects are located in the Deseado Massif gold district in mining-friendly Santa Cruz province of southern Argentina, which hosts four gold/silver mines and several notable bonanza type precious metal prospects.

In Chile, Mariana has a joint venture agreement with US based international mining and natural resources company Cliffs Natural Resources Inc., to explore for Iron Oxide-Copper-Gold deposits ('IOCG') in a 92,000 km² area ('SCM Mariana Area') in north-central Chile. The SCM Mariana Area includes two Iron Oxide Copper Gold ('IOCG') exploration projects in the highly prospective Atacama Fault Zone, approximately 100 km from Freeport's Candelaria Copper Mine: the 44km² Buenaventura and 46km² Perro Chico projects.



For further information:

Please visit website at www.marianaresources.com or contact the following.


Hunt Mining Closes Financing for Approximately $8.6 Million to Advance Santa Cruz Argentina Exploration


LIBERTY LAKE, WASHINGTON--(Marketwire - Nov. 30, 2010)

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), is pleased to announce it has closed its previously announced Short Form Prospectus Financing (see news releases dated October 12th and November 25th) and raised gross proceeds of $8,526,270 for continuing exploration activities in the Santa Cruz Province of Argentina. The offering was led by Octagon Capital Corporation, on behalf of a syndicate of agents including Canaccord Genuity Corp. and Wolverton Securities Ltd. (collectively, the "Agents").

At the closing of the Offering the Corporation issued 28,420,900 units ("Units"). Each Unit was priced at $0.30 and consists of one common share and one-half of one common share purchase warrant (a "Warrant"). Each full Warrant is exercisable at a price of $0.35 per share at any time on or prior to November 30, 2013.

Hunt Mining Corp. intends to use the proceeds from the offering to finance exploration and related capital projects in the Santa Cruz province of Argentina, primarily at the Corporation's flagship La Josefina Gold-Silver Project. The Corporation has completed over 37,000 meters of drilling in Santa Cruz, and has reported a preliminary NI 43-101 resource calculation of a measured resource of 155,562 gold equivalent ounces, with an additional indicated resource of 41,812 gold equivalent ounces and an additional inferred resource of 6,744 gold equivalent ounces.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about the Company and its management, as well as financial statements.

About Hunt Mining Corp.

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006. Since that time, the Corporation's wholly owned subsidiary, Cerro Cazador S.A. ("CCSA"), has completed a large amount of exploration activity including more than 37,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 10,000 surface channel, chip, and trench samples. Historical results and additional information can be viewed at www.huntmining.com.

FORWARD-LOOKING STATEMENTS This announcement contains certain forward-looking statements, relating to, but not limited to Hunt Mining's expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future outcomes, or statements about future events or performance including in respect of the intended use of proceeds of the offering.. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects, and timing of commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Readers asked to carefully consider the additional risk factors listed in the "Risk Factors" section of Hunt Mining's short form prospectus dated November 23, 2010 and Annual Information Form dated April 28, 2010, both of which may be viewed at www.sedar.com. Hunt Mining does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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

For more information, please contact
Hunt Mining Corp.
Dean Stuart
Investor Relations
(403) 517-2270
dstuart@huntmining.com
or
Hunt Mining Corp.
Matthew J. Hughes
President and CEO
(509) 892-5287
mhughes@huntmining.com
www.huntmining.com

Gold not in a bubble – Barrick CEO

TORONTO (miningweekly.com) – 30th November 2010 - Barrick Gold, the world's top producer of the yellow metal, insists the gold price is not in a bubble and sees “lots of room” for further price increases, CEO Aaron Regent said on Tuesday.

Gold, which touched a high above $1 400/oz in the first week of November, was trading at around $1 383 on Tuesday afternoon.

“When you look at bubbles, what is a bubble often characterised by? Well, it's characterised by assets that have extreme volatility,” he said in a presentation at a Toronto conference hosted by Scotia Capital.

“The volatility in gold right now is very modest.

"A bubble is when an asset is over-owned. And I don't think you can suggest that gold is over-owned,” Regent continued.

“If you take the value of the gold exchange traded funds (ETFs) as a percentage of US money markets, gold ETF [holding] is probably about one percent.”

Gold has also maintained its value relative to other commodities like oil, he said, commenting that one ounce of gold will still buy about 15 barrels of oil today - around the same amount of the fuel that it did four decades ago, he argued.

With what he sees as strong fundamentals, Regent expects that the gold price will continue to move higher.

“We think that there's still lots of room for gold to increase in price from here.”

The macroeconomic environment, including reflationary efforts by governments, concerns over sovereign debt, trade imbalances and talk about currency wars, is overall “very price supportive” for gold, he said.

Central banks are increasing their gold holdings, and investment demand is rising amid concern over the future of Fiat currencies, he said.

Regent also noted recent comments by World Bank president Robert Zoellick about gold's role in as a reference point for currencies.

Gold is no longer on the sidelines, “it is now becoming front and centre in terms of of discussion by monetary authorities around the world”, he said.

“And in many respects I would suggest that gold is reasserting its historical role in global financial affairs.”

Toronto-based Barrick expects to produce between 7,6-million and 7,85-million ounces of gold this year and is targeting output of nine-million ounces in five years' time.

Edited by: Liezel Hill

29 nov 2010

Peregrine Metals Files NI 43-101 Technical Report for Altar Copper-Gold Porphyry in Argentina


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2010) - Peregrine Metals Ltd. (TSX:PGM) ("Peregrine Metals" or "the Company") is pleased to announce the SEDAR filing of the Technical Report- Altar Project, San Juan Province, Argentina ("the Technical Report"), dated October 4, 2010. The information in the Technical Report was previously disclosed in the Company's news release dated October 4, 2010.

The revised resource estimates detailed in the Technical Report on the Altar copper-gold project ("Altar" or "the Project"), are summarized in the following table.







Note. Mineral Resources that are not mineral reserves do not yet have demonstrated economic viability. More information on the resource estimation is available on page seven of the October 4, 2010 Technical Report.
*The copper equivalent ("CuEq") calculation is based on a copper price of USD $2.80/lb and gold price of USD $850/oz. It also includes a factor to compensate for an assumed gold recovery of 65% and a 90% recovery for copper.

The 2010 Technical Report can be viewed on www.sedar.com or on the Company's website at the following link: http://www.pmet.com/i/pdf/AltarTechReport2010.pdf.

Altar is a large Andean-style porphyry copper-gold deposit. The alteration zone encompasses an area measuring over three by two kilometres with a strong, coincident induced polarization (IP) geophysical anomaly of approximately the same size. A total of 140 core holes has been drilled at the Project for 55,641 metres, and the deposit remains open in two directions and at depth. The Company is currently undertaking a preliminary economic assessment on a combined leach and concentrator mining operation, expected to be finalized by the third quarter of 2011.

Peregrine Metals holds a 100% interest in the Altar project subject to a 1% NSR royalty granted to Rio Tinto and another 1% NSR royalty granted to the underlying concession owners that may be purchased by Peregrine Metals from the underlying owners at any time for US $1 million.

Jeff Toohey, M.Sc., P.Eng., Vice President Exploration for the Company, is a Qualified Person as defined by NI 43-101 and is responsible for the design and implementation of the exploration work being carried out by the Company at the Altar project.

Cautionary Note Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, planned expenditures and plans related to its business, mineral resource estimates and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance and planned work programmes. The Company has made a number of assumptions with respect to, among other things, the price of copper and other metals, economic and political conditions, and continuity of operations. Although the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, risks related to the following: fluctuations in mineral prices; the Company's dependence on one mineral project; the nature of mineral exploration and mining and the uncertain commercial viability of certain mineral deposits; the re-allocation of the proposed uses of the net proceeds of the offering and the private placement; the Company's lack of operating revenues; uncertainty in the Company's ability to obtain necessary financing to fund the development of its mineral properties or the completion of further exploration programmes; the Company's principal property being located in Argentina, including political, economic, and regulatory instability; governmental regulations and obtaining necessary licenses and permits; the Company's mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; fluctuations in the currency markets (particularly the Argentina peso, Canadian dollar and United States dollar); the business being subject to environmental laws and regulations which may increase costs of doing business and restrict the Company's operations; and the Company's dependence on key personnel. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

For more information, please contact
Peregrine Metals Ltd.
Mr. Eric Friedland
President
(604) 669-8800
or
Peregrine Metals Ltd.
Mr. Michael Westerlund
VP Investor Relations and Corporate Communications
(604) 669-8800
(604) 408-8881 (FAX)
info@pmet.com
www.pmet.com


Rodinia Lithium Inc. Closes Strategic Private Placement With China's Largest Li-ion Battery Materials Provider


- Strategic Investor, Shanshan, Is One of the Leading Lithium-ion Battery Materials Providers in China and Is a Significant End User of Battery Grade Lithium Carbonate

- Shanshan Now Owns Approximately 7.6% of the Basic Common Shares Outstanding

- Private Placement Completed at a Premium to Market

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF), is pleased to announce that it has closed its previously announced non-brokered private placement financing of common shares of the Company ("Common Shares") at a price of $0.55 per Common Share for gross proceeds of $1,397,000. One strategic investor, Hong Kong Shanshan Resources Co., Ltd., a wholly-owned subsidiary of Ningbo Shanshan Co., Ltd. (SHA:600884; "Shanshan") has subscribed for the entire placement of 2,540,000 Common Shares (the "Private Placement").

Established in 1992 in Zhejiang province, China, Ningbo Shanshan Co., Ltd. is focused on two core business verticals: a) garment manufacturing and sales, and b) lithium-ion battery materials. After 10 years of development, Shanshan has become one of China's largest lithium-ion battery materials providers.

Rodinia intends to use the net proceeds from this private placement to continue the development of its key projects and for working capital purposes. Will Randall, President and CEO of Rodinia Lithium said "We expect that these funds, along with funds previously raised, will allow us to aggressively pursue development of Diablillos and to further our goal of delineating an NI 43-101 compliant resource on the property in the coming months. We are excited by the opportunity to work and consult with a leading lithium carbonate end user to unlock the value of our flagship Diablillos and Clayton Valley projects for the benefit of all Rodinia shareholders. It was a pleasure to have representatives of Shanshan visit our Diablillos property last month and we hope to continue developing our relationship."

Pursuant to the terms of the Private Placement, Shanshan has the right, subject to certain conditions, to nominate one director to the board of Rodinia. Upon completion of the Private Placement, and together with shares already owned prior to the Private Placement, Shanshan will own 5,140,000 Common Shares of the Company, representing approximately 7.6% of issued and outstanding Common Shares of the Company. In addition, Shanshan holds 1,300,000 common share purchase warrants of the Company, which upon exercise would result in Shanshan holding approximately 9.5% of the Company.

The Common Shares will be subject to statutory resale restrictions expiring on March 26, 2011. Closing of the private placement is subject to receipt of all necessary regulatory approvals, including final TSX Venture Exchange approval.

About Rodinia Lithium Inc.:

Rodinia Lithium 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 expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.

Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com. Follow us on Twitter: http://twitter.com/RodiniaLithium

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 proposed financing, the anticipated timing and impact with respect to the potential financing, the involvement of the strategic investor, the impact of the financing on the Company, drill program at Diablillos, the potential of the Diablillos property; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; 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
Investor Cubed Inc.
Neil Simon
+1 (647) 258-3311
or
Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

Diamond Drill Programme Completed at Los Amigos Joint Venture, Santa Cruz, Southern Argentina


Mariana Resources Ltd (‘Mariana’ or ‘the Company’), the AIM quoted exploration and development company focussed in Argentina and Chile, is pleased to announce an exploration update at its 13,455 hectare Los Amigos Joint Venture gold-silver project operated by Hochschild Mining Holdings (‘Hochschild’). The Los Amigos Joint Venture area, which is being explored for gold and silver deposits, is located in the western sector of the highly prospective Deseado Massif gold-silver province of Santa Cruz, southern Argentina.

Overview

• Gator target within the San Augustin property tested for gold-silver
mineralisation by six Reverse Circulation (‘RC’) holes for 2,081m.
• All RC holes intersected silicified and sulphide-bearing structures.
• Intervals of silicification, sulphide mineralisation, carbonate and quartz
veining from 30 to 445m downhole.
• Assay results from RC drilling programme expected December 2010.

2010 Reconnaissance Drilling Update

Six diamond drill holes (and one which was incomplete) for 2,081m were drilled at the Gator target (see Figure 1) within a 2km x 2km area located in the San Augustin property in the north-central part of the Los Amigos Joint Venture area and approximately 3km east of the target drilled earlier in the year (see news release 27/01/10). Hochschild reports that all completed drill holes intersected silicified and mineralised sulphide-bearing structures which were the targets identified from previous surface mapping. Intervals with silicification, sulfide mineralisation, carbonate and quartz veining were cut from 30m to 445m down-hole (or up to 300m below surface).

Assay results are expected in December 2010 and will be reported when available.

Chairman John Horsburgh said, “The Los Amigos Joint Venture is progressing well with sulphide mineralisation encountered in all six completed drill holes in the Gator sector of the JV licence area. Follow up drilling, dependent on positive assay results will be undertaken in 2011 and we look forward to updating shareholders on this progress in due course.”

Background to Los Amigos Joint Venture

Mariana signed a joint venture agreement with Hochschild in November 2009 to explore and develop three adjoining prospective gold-silver tenements totalling 13,455 hectares, located in the western sector of the Deseado Massif. These tenements consist of the Company’s Amigos I and Amigos II licence areas and Hochschild’s San Augustin property which are located approximately 110km south of Hochschild’s producing gold-silver San Jose Mine.

The partners agreed to spend US$2 million on exploration within a three year period on a 40% Mariana, 60% Hochschild basis, to confirm participating interests of 49% and 51% respectively. A budget of US$500,000 is committed in the first year.

Under the terms, Hochschild may earn a further 9% by funding 60% of the next US$3 million in the subsequent two years and a further 10% by either completing a Pre-Feasibility Study or, if requested by Mariana, providing project financing, repaid out of 80% of Mariana’s share of cash flow. This could see Hochschild’s interest increase to a total 70%.

Hochschild previously held the San Augustin property in a joint venture with IAMGOLD Corporation (‘IAMGOLD’). Under the terms of the Hochschild-Mariana joint venture agreement, IAMGOLD will retain a 1.5% of net smelter returns royalty on any future production from the joint venture area.

Joint Venture exploration for epithermal gold and silver prior to the latest drilling has included geochemical sampling, which returned highly anomalous values ranging from 0.1 g/t to 5g/t gold (‘Au’) and 5g/t to 100 g/t silver (‘Ag’), an airborne magnetic survey and a three-hole 900m scout RC drilling programme. The previous drilling tested one target area at the south-eastern extremity of the 5.5km northwest trend (see news release 27/01/10).

Exploration information in this announcement has been compiled by John Sutcliffe who is a Fellow of the Geological Society of London, a Chartered Engineer and a Member of the Institute of Mining and Metallurgy. Mr Sutcliffe has sufficient experience relevant to the style of mineralisation and types of gold deposit under consideration and to the activity that he is undertaking to qualify as a Competent

Person as defined in the JORC Code.

For further information please see www.marianaresources.com

John Horsburgh (Chairman) Mariana Resources Ltd +61 2 94374588
John Sutcliffe (MD) Mariana Resources Ltd +593 99 808080


Marifil Mines Has a Half Dozen Compelling Properties Wrapped up in a Single Company

Investors trade on facts but they also trade on a compelling investment story; they invest in smart companies that offer intriguing ways of doing business while executing carefully planned moves in the market place.

And investors may like Argentina-focused Marifil Mines Ltd. (TSXV: MFM) because this company isn’t just one single compelling investment story but is, in fact, several compelling investment stories in just one company.

Recently we spoke to John Hite, CEO and co-founder of Marifil Mines Ltd. Mr. Hite gave us a brief overview of his background and his team, and then spoke at length about the numerous opportunities that Marifil was pursuing.

Mr. Hite said: “I’m a professional geologist. I graduated from the Colorado School of Mines then I did graduate work out of the University of Arizona. After that, I worked for companies like Cypress Mining Company and Homestake Mining Company. Since 1987, I’ve been working in Canada, exclusively in the junior mining sector. I’ve been working in the Caribbean, Asia, and Africa. More recently, in 2003, Dick Walters and I founded Marifil Mines to work in Argentina.”

Marifil is operating exclusively in Argentina and they have an extensive network of talented managers operating the company, both in Canada and in Argentina. Mr. Hite told us about himself and his co-founding partner: “My partner, Dick Walters, started working in Argentina in 1991. I went down there in 1999. Also, we have a cadre of very experienced geologists, made up of Argentinians who have been there all their life. We have a winning combination – a good management team and skilled people in the field.”

Next, we spoke with Mr. Hite about the company, to get an overview of their business model and what their initial goals are as a company. “Marifil is an exciting company,” Mr. Hite told us. “We have about 20 properties. We control about 400,000 hectares of ground – which is about one million acres – in 9 provinces in Argentina. Our focus is to find property cheaply to put in some value-add, and then farm out everything else. We want to be known as the joint venture partner for Argentina. We’re really good at finding property so we want to bring in more experienced people to develop these mines for us. I’d rather own 20% of a watermelon than 100% of a grape. We have what we think are a number of world class ore bodies.”

So we asked Mr. Hite to tell us about these opportunities, which he pointed out could each be a potential winner for a junior mining company. The first he listed was San Roque. He said: “We think San Roque has the potential to be a giant ore body. The geology is somewhat similar to Goldcorp’s Penasquito deposit in Mexico. We’ve found mineralization over an area that measures 3000 metres by 4000 metres. We’re in a joint venture with Nova Gold, who are earning in. They plan to start drilling in the next month or so. Our hope is that they’ll find something that could be measured in the billions of tons.

San Roque has the potential to become a 20 or 30 million ounce gold deposit as well as produce hundreds of millions of pounds of lead and zinc. It’s an absolutely perfect area to make a mine: It’s a flat desert. It’s only 65 kilometers to an ocean port. There’s a railroad running along the south part of the claim, as well as a paved highway. Halfway between us and the ocean port is a hydroelectric power line. And, it’s in a sub-tropical climate – dry, arid – where you can work year round. The infrastructure doesn’t get any better than that.”

They have several other properties as well. One of them is called K2, which they’ve spun out into another company controlled by Marifil. “K2 is a potash project. We think the potential is there for 200 to 250 million tons of potash,” Mr. Hite said.

Marifil may be focused in Argentina but they are not tied to a specific metal. “Nearby is a property called the Codihue property which we think will be a world class sulphur deposit,” said Mr. Hite. “To the north, we have a property called Las Aguilas, which is the largest nickel-cobalt-copper-platinum in Argentina. We have just signed an option agreement with Pacific Coast Nickel on that. In north-western Argentina we had a number of lithium properties and we just sold those to a private company that will go public on the London market. Marifil will receive $500,000 in cash and 4.5 million dollars’ worth of stock in that new company.”

And the list goes on. Marifil has an impressive list of projects that have significant potential for the company, for joint venture partners, and for investors. “We have a property called Toruel, which is an epithermal vein deposit. We have drill holes there which cut 5% copper, plus 2000 grams per ton of silver, plus 300 grams per ton of indium. This is truly ‘bonanza’ grades of copper and silver.

Just north of Toruel we have a project called Los Menucos where we have 3 very large epithermal gold-silver exploration targets. Each one of these 3 targets measures 5 kilometres by 8 kilometres. Within, there is some widely scattered drilling but with very good values. We think Los Menucos has some good potential to make a gold ore body. We also hold a limestone deposit that is associated with a now dormant vertically integrated iron ore project. The government of Argentina had spent a billion dollars developing this. They put in a dock big enough to load 60,000 ton ships. Around the dock, we think there is 200,000,000 tons of cement-grade limestone. And, we just sold a small oil and gas property called El Carmen for $250,000 but retained an 8% gross production royalty. It’s right on the margins of an oil-producing basin and we think there’s a good potential for about 6 million barrels of recoverable oil.”

With the right joint venture partner, many of these projects seem to be valuable opportunities. Mr. Hite agreed: “We’re right on the verge. We’ve spent 2 and a half years just sitting on our hands because we didn’t have enough money, and no one wanted to joint venture with us because they didn’t have money. But now that metal prices are increasing, and people are getting excited again, my phone is ringing with people who want to do deals.”

They have the team and they have the properties. Now it’s just a matter of lining up money and partners, factoring in exploration time, and Marifil’s compelling investment story could easily expand and become several compelling investment stories.

After talking to John Hite and Richard Walters the Alpers purchased Marifil stock shares.

REFERENCES

Marifil Mines Ltd.

http://www.marifilmines.com

#605 - 475 Howe Street Vancouver, BC Canada V6C 2B3

702-562-4880 / 509 999-7952


26 nov 2010

MAYORAL: SE CONSOLIDÓ LA PRESENCIA DE SHANDONG GOLD EN LA RIOJA

Gira del Gobernador por China

La Rioja - Viernes, Noviembre 26, 2010 - Próxima a concluir la misión comercial y de hermandad en la República Popular China que encabeza el gobernador de La Rioja, Luis Beder Herrera, junto a funcionarios nacionales y provinciales, el secretario de Minería de la Nación Jorge Mayoral evaluó como muy buena la presencia argentina en el país asiático y adelantó que se logró consolidar la presencia de la empresa Shandong Gold en la Argentina, específicamente en la provincia de La Rioja, siendo ésta una de las empresas más importantes de oro de China Y el mundo.

Al respecto, Mayoral sostuvo que la misión resultó “muy buena, porque es la confirmación de un trabajo comenzado hace un tiempo, con el objetivo puesto en tratar de hacer conocer la minería argentina en China, y al mismo tiempo poder llevar inversiones para nuestro país”.

Dijo que “el proceso que hemos culminado en esta oportunidad es muy bueno, muy rico en circunstancias y muy próspero en proyectos, hemos consolidado la presencia de algunas empresas chinas en la Argentina, como MCC en el proyecto de hierro en Río Negro, que manifestó su interés, no solamente para afirmarse en el proyecto sino que también para sumar valor agregado al pie del yacimiento”.

Además, el secretario de Minería resaltó que se logró consolidar la presencia de la empresa Shandong Gold en la Argentina, específicamente en la provincia de La Rioja, una de las empresas más importantes de oro del mundo y de China, país que es el principal productor de oro del mundo y segundo consumidor a nivel mundial.

Por lo tanto, “detrás de MCC y de Shandong Gold aparecen una serie de inversores chinos con el objetivo puesto en conocer la Argentina y visitarla en enero próximo, junto con el viceministro de Tierras y Recursos Naturales de China Yun Xiaosu, para poder conocer en terreno los proyectos y ver concretamente las factibilidades de negocios por desarrollar”, subrayó.

Source: Radio Nacional La Rioja



Hunt Mining Files Final Short Form Prospectus


LIBERTY LAKE, WASHINGTON--(Marketwire - Nov. 25, 2010)

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX), is pleased to announce it has filed a final short form prospectus dated November 23, 2010 for the offering of a minimum of 19,333,333 units and a maximum of 43,333,333 units (each, a "Unit") of the Corporation at a price of $0.30 per unit for aggregate gross proceeds of a minimum of $5,800,000 and a maximum of $13,000,000 (The "Offering"). Each unit will consist of one common share of the Corporation (Each, a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share upon payment of the exercise price of $0.35 per Warrant for a period of 36 months following the date of closing of the Offering. This final short form prospectus has been filed with the securities regulatory authorities in all jurisdictions of Canada excluding Quebec.

The Offering is being led by Octagon Capital Corporation, on behalf of a syndicate of agents including Cannacord Genuity Corp. and Wolverton Securities Ltd. (collectively, the "Agents").

The Company has granted the Agents an option, exercisable in whole or in part at any time until 5:00 p.m. (Toronto time) on the closing of the Offering, to purchase an additional number of Units equal to up to 15% of the number of Units sold pursuant to the Offering at a price of $0.30 per Unit.

Closing of the Offering is expected to occur on or about November 30, 2010 and is subject to customary conditions.

Hunt Mining intends to use the proceeds from the offering to finance exploration and related capital projects in the Santa Cruz province of Argentina.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available. Any public offering of securities in the United States must be made by means of a prospectus that contains detailed information about the Company and its management, as well as financial statements.

About Hunt Mining Corp.

Hunt Mining Corp. has been an active and aggressive explorer in Santa Cruz since 2006. Since that time, the Corporation's wholly owned subsidiary, Cerro Cazador S.A. ("CCSA"), has completed a large amount of exploration activity including more than 37,000 meters of HQ core drilling, 416 line kilometers of Induced Polarization geophysical surveys and more than 10,000 surface channel, chip, and trench samples. Historical results and additional information can be viewed at www.huntmining.com.

FORWARD-LOOKING STATEMENTS This announcement contains certain forward-looking statements, relating to, but not limited to Hunt Mining's expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future outcomes, or statements about future events or performance including in respect of the intended use of proceeds of the offering, the timing of completion of the offering. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects, and timing of commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied. Readers asked to carefully consider the additional risk factors listed in the "Risk Factors" section of Hunt Mining's short form prospectus dated November 23, 2010 and Annual Information Form dated April 28, 2010, both of which may be viewed at www.sedar.com. Hunt Mining does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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

For more information, please contact
Hunt Mining Corp.
Dean Stuart
Investor Relations
403-517-2270
dstuart@huntmining.com
or
Hunt Mining Corp.
Matthew J. Hughes
President and CEO
509-892-5287
mhughes@huntmining.com

Plato Gold Reports on Third Quarter Results


TORONTO, ONTARIO--(Marketwire - Nov. 24, 2010) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company"), an exploration company with a portfolio of properties in significant gold mining camps in Northern Ontario, Northern Quebec, and Santa Cruz, Argentina, is pleased to report the nine and three months financial results for fiscal 2010 and 2009 as summarized below:



For fully details, please visit us at www.platogold.com.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange with exploration projects in Northern Ontario, Northern Quebec and the Lolita Property in the province of Santa Cruz, Argentina.

The Northern Ontario project includes 5 properties: Guibord, Harker, Harker-Garrison, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario.

The Northern Quebec project includes 6 properties: Nordeau Bateman, Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, and Hop O'My Thumb. All 6 properties are located near Val d'Or, Quebec.

Plato is in the advanced exploration stage on the Nordeau West site with a NI 43-101 compliant gold resource reported on March 12, 2009. Highlights of the Nordeau West mineral resource update include:

indicated resources of 30,212 oz Au on average grade of 4.17 g/t and 225,342 tonnes; and

inferred resources of 146,315 oz Au on average grade of 4.09 g/t and 1,112,321 tonnes.

In Argentina, the Lolita Property is comprised of 3 contiguous concessions and initial work has been started on this property. For additional company information, please visit: www.platogold.com.

Forward Looking Statements

This news release contains "forward-looking statements", within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the,potential mineralization and resources, exploration results, and future plans and objectives. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, use of proceeds, level of activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining industry . Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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

For more information, please contact
Plato Gold Corp.
Anthony Cohen
President and CEO
416-968-0608
416-968-3339 (FAX)
info@platogold.com
www.platogold.com

Dajin and Byron Capital Enter Into Advisory Agreement


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - The Board of Directors of Dajin Resources Corp. ("Dajin") (TSX VENTURE:DJI) is pleased to report an Advisory Agreement (the "Agreement") has been entered into with Byron Capital Markets ("Byron"). Under the terms of the Agreement, Byron will provide various advisory services including introducing Dajin to capital market participants and other strategic investors; providing strategic advice to maximize shareholder value; assisting with advice on Dajin's strategic external growth initiatives including mergers, acquisitions and joint ventures; and making introductions and structuring relationships with strategic business partners. The engagement will initially focus on a strategic review of Dajin's interests in the 20,000 hectares boron, lithium, potash Palar project with a view to identifying possible joint venture partners and/or financing opportunities. Pursuant to the terms of the Agreement Byron will act as a nonexclusive advisor for an initial period of four months. Dajin will pay an advisory fee of $5,000 per month and a success fee equal to 3% of the value of any transaction successfully completed. The Agreement may be terminated by either party upon 30 days written notice.

Brian Findlay, Dajin's President & CEO, stated, "Byron Capital Markets is recognized as a leader in the financing and advisory of companies in the lithium and rare earth industries. We at Dajin are excited about teaming up with Byron at a time when we are actively exploring our boron, lithium and potash projects in northwestern Argentina."

About Byron Capital Markets:

Byron Capital Markets, a division of Byron Securities Limited, is a Toronto-based institutional investment dealer focused on small and mid market capitalization companies primarily in the energy and mining sectors. Byron is a member of the Industry Organization of Canada (IIROC) and provides companies with a full range of investment banking and advisory services to assist them through their various stages of development and growth.

Dajin holds a 100% interest in boron/potash/lithium concessions in the provinces of Salta and Jujuy in the heart of the "lithium triangle" in northwestern Argentina. The principal properties are in the Salar de Salinas Grandes and Guyatayoc salt lake basin and cover approximately 83,000 hectares or 200,500 acres. The drilling of the first hole of a six well drill program is currently underway in the northern block of the Salinas Grandes/Guyatayoc salar.

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

For more information, please contact
Dajin Resources Corp.
Brian Findlay
(604)-681-6151
brian@dajin.ca
or
Dajin Resources Corp.
Dave Jenkins
(604)-681-6151
or
Dajin Resources Corp.
Don Mosher
604-638-3166
don@dajin.ca
www.dajin.ca
or
Investor Relations
Rich Kaiser
800-631-8127
Outside North America: #001-757-306-6090
rich@yesinternational.com


23 nov 2010

Minera Andes Announces That Inferred Resources More Than Double at the San Jose Mine, Argentina


TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) - Minera Andes Inc. (TSX:MAI)(OTCBB:MNEAF) is pleased to announce the results of an updated independent mineral resource estimate as at September 30, 2010 at the San José mine in Santa Cruz province, southern Argentina. The contained silver in the Inferred Mineral Resources increased by 133% and the contained gold increased by 122% compared to the December 31, 2009 estimate as reported by the Corporation in its March 31, 2010 Annual Information Form. The increase is primarily due to the discovery of nine new veins as well as important extensions of previously known veins, as reported by the Corporation on October 7, 2010. An updated resource/reserve technical report on the San José mine will be filed on SEDAR in the near future.

The San José mine is operated by Minera Santa Cruz SA, a joint venture owned 51% by Hochschild Mining Argentina, a wholly owned subsidiary of Hochschild Mining plc, and 49% by Minera Andes S.A., a wholly owned subsidiary of the Corporation.

Rob McEwen, Chairman and CEO of Minera Andes, said:

"The big increase in the inferred silver and gold resources is terrific! It is the direct result of skilled geologists having a significantly higher exploration budget for a most prospective property. Our exploration goal is to meet and exceed the exploration success of Andean Resources' neigbouring Cerro Negro property."

Mineral Resources

At September 30, 2010, total Measured and Indicated Mineral Resources at the San José Mine were 651,000 ounces of gold and 44.2 million ounces of silver, contained in 3.0 million tonnes grading 6.81 grams/tonne (g/t) gold and 462 g/t silver, or 83.3 million ounces of silver equivalent. An additional 712,000 ounces of gold and 46.4 million ounces of silver, contained in 4.6 million tonnes, grading 4.87 g/t gold and 317 g/t silver, or 89.2 million ounces of silver equivalent, are classified as Inferred Resources. The mineral resources remain open along strike and at depth in some areas.









The September 30, 2010 resource estimate is an interim updated estimate, and a comprehensive updated resource and reserve estimate will be prepared for the year ending December 31, 2010 and released near the end of the first quarter of 2011. Details of the September 30, 2010 resources by vein are provided in Exhibit 1.

The September 30, 2010 resource estimate is net of 2010 mine production through September 2010, which was 323,398 tonnes at 6.68 g/t gold and 416 g/t silver. The new resources are a direct result of an increased emphasis on exploration at San José. Through the end of the third quarter of 2010, $5 million had been spent on exploration, and exploration for the fourth quarter is expected to be approximately $1.5 million.

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

About Minera Andes: Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: A 49% interest in Minera Santa Cruz SA, owner of the San José Mine in close proximity to Andean Resources' Cerro Negro project; 100% ownership of the Los Azules copper deposit with an inferred mineral resource of 10.3 billion pounds of copper and an indicated resource of 2.2 billion pounds of copper; and, 100% ownership of a portfolio of exploration properties bordering Andean's Cerro Negro project in Santa Cruz Province. The Corporation had $10 million USD in cash as at September 30, 2010 with no bank debt. Rob McEwen, Chairman and CEO, owns 33% of the company.

About Hochschild Mining plc: Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has over forty years of experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has numerous long-term prospects throughout the Americas.

For further information, please contact: Jim Duff or visit our Web site: www.minandes.com.

Technical Information

The contents of this press release have been reviewed and approved by Eugene Puritch, P.Eng., President of P&E Mining Consultants Inc. ("P&E"), a Qualified Person under NI 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). P&E are independent consultants to the Corporation.

The December 31, 2009 resource estimates were audited by P&E to confirm compliance with NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005. ("CIM"), and, that the employed methodologies have generated reliable estimates of tonnage and grade for the mineral assets stated in the Corporation's AIF dated March 30, 2010. The audit was completed by James L. Pearson P.Eng., Alfred Hayden P.Eng. and Fred H. Brown CPG under the direction of P&E's President Eugene Puritch, P.Eng, each of whom are considered to be independent Qualified Persons under the NI 43-101.

The September 30, 2010 resource models were developed using industry-accepted methods by P&E. The resource estimate is based on drill hole data provided by our joint venture partner Hochschild Mining Plc and by MSC, the joint venture operating company as reported by the Corporation on October 7, 2010. All samples were collected in accordance with industry standards. All drill core samples were submitted to Alex Stewart Argentina S.A laboratory in Mendoza, Argentina for fire assay and ICP analysis. Accuracy of results is tested through the systematic inclusion of standards, blanks and check assays.

P&E constructed a wire frame block model to estimate the resource. P&E estimated 'existing' vein resources as of September 30, 2010 based on December 31, 2009 resources, depleted by January 1st to September 30th, 2010 mine production. 'New' Inferred Resources, (added during the period December 31, 2009 to September 30, 2010), were estimated by P&E using a gold price of US$925 per ounce (oz) and silver price of US$15 per oz for all mineral resources. P&E validated the model estimates and found them to reasonably estimate grade and tonnage. The mineral resource estimates are compliant with CIM Definition Standards for Mineral Resources and Mineral Reserves as incorporated by reference in NI 43–101. The independent Qualified Persons as defined by NI 43-101 for the purposes of the September 30, 2010 resource estimate disclosure are James L. Pearson, P.Eng., Eugene Puritch, P.Eng., David Burga, P.Geo and Fred H. Brown, CPG all of P&E and each a Qualified Person under NI 43-101.

The following summarizes the key assumptions, parameters and methods used in the mineral resource estimate:

* A marginal cutoff grade of 148 g/t of silver equivalent, representing the variable operating cost of $53.87/t was used to estimate the mineral resources.
* Drill hole assay values and channel samples were combined for mineral resource estimation.
* Bulk density value used for the resource estimate was 2.60 tonnes per cubic meter (t/m3) for all veins.
* Assays values manually identified as potentially economic were composited to length-weighted values.
* Prior to block estimation, gold composite samples were cut to 150 g/t at Huevos Verdes Sur,70 g/t at Frea and 40 g/t at Kospi. Silver assays were cut to 10,000 g/t at Huevos Verdes Sur, 4,200 g/t at Frea, and 4,400 g/t at Kospi. The capping values of the 'New' veins are summarized in the table below.









* Grade estimation was undertaken with oriented search ellipsoids and Ordinary Kriging where sufficient resolution was available for variography, or by Inverse Distance Cubed (1/d3) weighting of composite values in areas of lower resolution.
* The San José mineral 'existing' vein and 'new' vein resource estimates are based on 754 and 77 drill holes, respectively, and 10,744 channel samples. Channel samples were taken from drift backs in the Huevos Verdes Sur, Huevos Verdes Norte, Odin, Frea, and Kospi vein systems.
* Mineral resource estimation was confined to areas considered to have a reasonable degree of geological confidence.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The mineral resources in this press release were estimated using CIM Standards.

Caution Concerning Forward-Looking Statements:

This press release contains certain forward-looking statements and information. The forward-looking statements and information express, as at the date of this press release, the Corporation's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation's management, are inherently subject to significant business, economic and competitive uncertainties and contingencies 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 precious metals, mining industry risks, risks associated with foreign operations, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks

Readers should not place undue reliance on forward-looking statements or information. The Corporation undertakes 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 the Corporation's 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.











































































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

For more information, please contact
Minera Andes Inc.
Jim Duff
Chief Operating Officer
647-258-0395 or Toll-Free: 1-866-441-0690
647-258-0408 (FAX)
info@minandes.com
www.minandes.com


19 nov 2010

Troy Resources NL: Casposo Project-First Gold Production and Exploration Update


PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 19, 2010) - Troy Resources NL (TSX:TRY)(ASX:TRY) -

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




HIGHLIGHTS


* First production of gold and silver doré at Casposo Mine
* Over 74,000t of ore at 9.83g/t Au_eq stockpiled to enable rapid build-up in production once the entire facility is fully commissioned
* Sampling of new high-grade outcropping vein
* Commencement of exploration drilling at Castaño Nuevo and Casposo Norte
* Completion of new high definition geophysics surveys indicating extensions to known veins

Troy Resources NL ("Troy") is pleased to announce the first gold and silver pour at the Casposo Project as part of commissioning of the refinery section.

The crushing, grinding and leaching circuits are fully operational, and able to operate at above planned capacity. The concentrate and tails filtering sections and refinery are still working through the last minor commissioning issues.

The plant continues to be operated in manual mode while installation of the automated process control is finalised. As a result, ramp up to full production is now expected in the March quarter of 2011.

Drilling has commenced at Castaño Nuevo and Casposo Norte targeting the shallow upper parts of the veins systems. Vein mineralogy suggests that the current surface exposures are relatively high in the epithermal system and deeper drilling will be required. The Company has also completed high resolution geophysics (Ground Magnetics and Induced Polarization) to better define extensions of existing targets both at depth and along strike under areas of thin cover.

Ongoing surface mapping and sampling identified good mineralisation in the Lucia Vein with a peak result of 3.3m grading 11.67g/t Au_eq. The Lucia sampling results are some of the best both in terms of width and grade for an outcropping vein on the property outside the Kamila vein which is the site of the initial open cut.

Commenting on the news, Troy CEO Paul Benson said: "This is the milestone we have been waiting for. We commenced project construction in August of 2009. Although a little later than our ambitious schedule, we have built a plant and poured first gold in just 16 months. We are delighted by this tremendous achievement. The project team led by Ken Nilsson has done an outstanding job.

"The delay from our initial target for first pour of September was largely due to late delivery of some pieces of equipment and issues around quality control with the manufacture of some new items manufactured overseas.

"Although we have poured first gold we are still commissioning the concentrate and tailings vacuum filters and refinery. We expect to have this complete over coming weeks and plant automated process control installation completed in early December. This will put us on track to ramp up to full production in the March quarter.

"The front half of the plant; crushing, grinding and leaching have already proven they can operate at above planned rates. This, combined with a growing stockpile of more than 70,000t at an average grade above 9g/t Au-eq, means that once the entire plant is fully commissioned and operational, we expect to ramp up to full production very quickly. We will update the market with any revision to forecast production and cost data as soon as full production is reached.

"In the interim, we have also commenced drilling at both Casposo Norte and Castaño Nuevo and have also completed high definition geophysics to identify drill targets under the thin cover that overlies a significant portion of the main northwest–southeast trending corridor that hosts the Kamila and Mercado Deposits as well as the Julieta Resource.

"The mineralogy of most of the outcropping veins indicates that we are high in the system and that the areas with the highest potential for ore grade mineralisation are likely to be found at depth. We have budgeted A$7m for exploration around Casposo and Castaño in FY2011 and are confident that we will achieve our objective of adding significantly to the project's gold and silver Reserves and Resources."

An Exploration Update follows.

EXPLORATION UPDATE

The exploration program is continuing to ramp up with Diamond Core "DC" drilling at Castaño Nuevo and Reverse Circulation "RC" drilling at Casposo Norte underway and a second Diamond Core rig expected to commence work at Casposo in early December.

In addition to ongoing prospecting, geological mapping and sampling; contract geophysical surveys (Ground Magnetics and Induced Polarization "IP") were completed in late October. Mapping and rock chip channel sampling of the northern targets at Casposo is well advanced with a number of veins already mapped in detail and systematically channel sampled. Vein targets will be ranked once the sampling program is completed to define drilling priorities.

At Ladera South, located 500m south of Oveja Negra and northwest of the Cerro Norte Target, exploration focused on the north–south striking Lucia Vein exposed over 750m strike length. The Lucia Vein strikes north–south, dips between -60º to -70º to the west and consists of two parts, north and south, separated by a northwest–southeast trending structure.

The two sections of the Lucia Vein have somewhat different characteristics. The northern portion of the vein is up to 2.2m wide and hosted entirely within a porphyritic andesite. The southern section is narrower with an average thickness is 0.50m and hosted within both andesite and rhyolite with associated stockworks veining. The vein is offset by several northwest–southeast striking faults with displacements mapped in both the veins as well as rhyolite dykes.

At the Lucia Vein, a total of 32 rock chip channels (TRLS-10-01 to 32) were collected, spaced about 50m apart. Historic rock chip grab sampling by the previous explorer yielded assays of 3.68g/t gold and 21.0g/t silver for the southern portion of the vein and 1.46g/t gold and 36.0g/t silver in the northern sector.

Recent rock chip channel sampling has produced a number of encouraging results (see Figure 1, Photo 4, Photo 5 and Table 1 below) that include:

* 3.3m at 11.67g/t Au_eq,
* 1.2m at 6.52g/t Au_eq,
* 1.6m at 6.10g/t Au_eq,
* 1.8m at 4.4 g/t Au_eq,
* 3.65m at 2.77g/t Au_eq and
* 1.5m at 2.65g/t Au_eq.

Quantec Geoscience Argentina S.A. completed both the ground magnetic and the IP surveys in October 2010. A portion of the planned magnetic survey between the Julieta Target and the northwest extension of the Kamila-Mercado Trend was not surveyed due to poor access and rugged topography that severely hampered daily productivity. The Induced Polarization "IP" program consisted of a series of northeast–southwest trending pole-dipole over the Kamila SE Extension Target, and both IP gradient survey and pole-dipole surveys along north–south striking lines at Casposo Norte. Data processing and interpretation is underway, as is the integration of results with the previous geophysical data.

At Casposo Norte, the Reverse Circulation "RC" drilling program commenced during the first week of November 2010; with 10 holes planned to test the east–west striking 400m wide outcropping vein target at shallow depths of 25m – 50m. The first hole RCCAN-10-01 was completed at a depth of 51m. As expected, the hole cut a sequence of andesite and a 3.6m wide quartz vein from 30m downhole. Assays are pending.

Preliminary IP gradient survey data from Casposo Norte indicates that the Casposo Norte Vein occurs at the boundary between resistivity/chargeability responses in a setting similar to the Kamila Deposit. The resistivity highs/ chargeability anomaly associated with the vein display an 800m east-west strike trend that continues under shallow alluvial cover beyond the outcropping vein that has the potential to double the strike length of this target.

Drilling at Castaño Nuevo commenced on 3 October 2010, with three holes completed at the Dios Protege Vein (CASS-10-01 -03) and four holes at the San Agustin Central Vein (CASS-10-04 to CASS-10-07). The three holes drilled into Dios Protege Vein were designed to test the vein below the historic workings at depths of about 50m - 100m. Drilling at San Agustin Vein targeted the central portion of this 1.5km long vein at depths between 50m - 100m. The host rock intercepted in the holes was locally silicified porphyritic andesite. The andesite is locally strongly K-feldspar altered and hosts two types of veins; discrete low sulphidation epithermal quartz–adularia–amethyst-calcite veins, stockworks and brecciated veins as well as an older narrow hydrothermal veining consisting of pyrite, iron oxides and albitisation associated with the K-feldspar alteration. The textures of low sulphidation veins are variable and include colloform, drussy and fine banded. Assay results are pending and drilling is ongoing.

Geological information in this Report has been compiled by Troy's Vice President Exploration & Business Development, Peter Doyle, who:

* Is a full time employee of Troy Resources NL
* Has sufficient experience which is relevant to the type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'
* Is a Fellow of the Australasian Institute of Mining and Metallurgy
* Has consented in writing to the inclusion of this data

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects", a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Company's Casposo Project in Argentina, including a description of Troy's quality assurance program, quality control measures, the geology, samples collection and testing procedures in respect of the Casposo project please refer to the technical reports filed Casposo Project, San Juan Province Argentina dated August 1st, 2009 which is available under the Company's profile at sedar.com or on the Company's website.

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

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ABN 33 006 243 750

For more information, please contact
Troy Resources NL
Mr. Paul Benson
Chief Executive Officer
(61 8) 9481 1277
(61 8) 9321 8237 (FAX)
troy@troyres.com.au
www.try.com.au
or
Purple Communications
Annette Ellis
Media Relations
(61 8) 6314 6300
aellis@purplecom.com.au
or
Purple Communications
Warrick Hazeldine
Media Relations
(61 8) 6314 6300