Aus Palladin Vent. wurde nun Palladin Mining!
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12:13:23 0,680 +23,64%
+0,130
Taxe Stück
Bid: 12:13:40 0,650 10.000
Ask: 12:13:40 0,700 10.000
Man spricht im Nachbar Board schon
von Kursen Heute um den 1.- €.
Ist wohl eine Hammer News.
Und das mir keiner käuft. Man könnte
ja einen fetten Gewinn einfahren.
länger. Und die gehen auch nie
dann rein wenn man den Tip gibt
sondern erst wenn das Teil 10
oder 20 % vorne liegt.
Und wehe es geht dann zurück.
Dann ist der Tip Geber der Buhmann.
Wären sie gleich rein wären sie ja
von Anfang an im Plus.
Aber nei die machen es halt anderst.
Verstehe wer will aber ich nicht.
Also wenn das sich nicht gut anhört.
CAD 0,93 = Euro 0,62
Und scheint weiter zu steigen.
Also wir reden hier vom Bid.
Also denke da wird es heute auch
noch gut zur Sache gehen.
Bis Start drüben vielleicht schon 1.-.
Palladon Ventures Ltd (TSX-V:PLL)
Shares Issued 29,243,038
Last Close 8/26/2005 $0.62
Friday August 26 2005 - News Release
Mr. George Young reports
PALLADON VENTURES LTD. ANNOUNCES RESTRUCTURED FINANCING AND IRON PROJECT TRANSACTIONS
Palladon Ventures Ltd. has agreed with Luxor Capital Partners LP, subject to standard closing conditions and exchange approval, if required, to restructure the pending transactions covering the Mountain Lion/Comstock iron project. The pending convertible debenture financing will be withdrawn, and the parties will restructure the $10.3-million (U.S.) plus accrued interest, closing costs and other advances outstanding under the bridge loan, which was used to acquire the project, into a term loan at an interest rate of 9.25 per cent payable over five years. As a part of the restructuring, Luxor will acquire 50 per cent of the project, 35 per cent from Palladon's joint venture partner Western Utah Copper Company and 15 per cent from Palladon. Consideration for the 50-per-cent purchase will include $3.0-million (U.S.) in direct acquisition cost and $600,000 (U.S.) in forgiveness of legal and financing fees. In addition, Luxor will contribute $500,000 (U.S.) of equity to the project and advance $1.4-million (U.S.) for general corporate purposes under the new term loan (bringing the total amount outstanding under the term loan to $12.75-million (U.S.)). Upon consummation of the transaction, Palladon will use a portion of the $1.4-million (U.S.) committed to general corporate purposes to fully vest in the Western Utah copper project. Additional loan proceeds will be set aside to finance the company's pro rata equity contribution to the project. Luxor will also be granted two-year warrants to purchase Palladon common stock as follows: 1.5 million shares at 82 cents, one million shares at 92 cents and one million shares at $1.
Proceeds of the transaction will enable further advancement on the iron project. Palladon recently signed an agreement to sell one million metric tonnes of iron ore over a 12-month period to a Chinese purchaser, and intends to service the term loan through proceeds of iron ore sales.
Accordingly, the company will not be placing shareholder resolution item 7 and item 8 before shareholders at the annual general meeting Monday, Aug. 29.
Palladon president George Young said: " This represents a major step forward for the company and the iron project. We have been able to acquire a first-class portfolio of mineral projects, have solidified the ownership and capital structure of the company with limited dilution, and have secured a committed long-term financial partner in Luxor Capital."
© 2005 Canjex Publishing Ltd.
Der September wird bestimmt ein klasse Monat!
Palladon secures new long-term loan for iron project
2005-09-26 20:03 ET - News Release
Shares issued 30,661,633
PLL Close 2005-09-26 C$ 0.80
Mr. George Young reports
PALLADON VENTURES LTD. CLOSES LONG TERM LOAN TO REFINANCE IRON PROJECT ACQUISITION
Palladon Ventures Ltd. and Luxor Capital Partners, LP have completed and closed a secured long-term loan in the principal amount of $12.75-million (U.S.), to refinance the acquisition of the Comstock/Mountain Lion iron project in Utah, as previously announced. The loan has an interest rate of 9.25 per cent per year, calculated quarterly, and has a five-year term. The loan proceeds will be applied toward repayment of the outstanding bridge loan provided by Luxor that was used for the iron project acquisition (upon confirmation of certain title matters relating to a mortgage securing the loan), with the balance to be applied toward working capital, out of which the company will contribute $500,000 (U.S.) for working capital for Palladon Iron Corp. Luxor has also provided a $500,000 (U.S.) contribution to the iron company for the operation of the iron project.
As consideration for granting the loan, the company has granted to Luxor 2,357,137 share purchase warrants. The warrants shall be exercisable at 62 cents per share for a period of two years.
In addition, Luxor has acquired a 50-per-cent interest in the iron company with the payment of $3-million (U.S.) and the forgiveness of fees and expenses which would otherwise be payable under the loan. Out of the proceeds, the company has paid a $500,000 (U.S.) finder's fee to Western Utah Copper Co. the company's former joint venture partner for the iron project, and Western Utah Copper Co. has provided a release of any further claims or interest in the iron project or the iron company. The company anticipates repayment of the loan from revenue that it will receive from the operation of the iron project, including revenue under its sales contract for the sale of iron ore to China that was announced in Stockwatch on Aug. 2, 2005.
Gibts hier noch andere Palladon-Investierte??? Will grad mal meinen Thread wieder bissel aufleben lassen. Hab lange nicht mehr nach dem Kurs geschaut, aber was ich sehe gefällt mir und wenn ich mir die Unternehmensaussichten ansehe komme ich aus dem Grinsen nicht mehr raus
Chart-technisch sieht das Ganze ja auch irgendwie schön aus
Naja, bis denne und Gruß an alle Mitinvestierten....
Palladon Announces Gold Assay Results from Caldera Project, Nevada
Wednesday November 2, 1:00 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Nov. 2, 2005--Palladon Ventures Ltd. (TSX VENTURE:PLL - News) today announced the results of rock chip sampling at its Caldera project located in west-central Nevada, in the vicinity of the producing Round Mountain mine and the past-producing Paradise Peak mine. It is one of the five Great Basin gold projects being explored by Palladon for gold potential, along with the gold projects being explored in Argentina. The geology of the Caldera property consists of a series of intermediate to felsic tuffs, locally cut by small felsic subvolcanic intrusives. The project area displays epithermal volcanic hosted mineralization with gold and silver hosted in veins, faults, silicified zones, breccia zones, and stockwork-mineralized areas. Previous work by other companies has returned encouraging results but identified no coherent mineralized zones. In previous data available to Palladon, surface rock chip sampling had returned values of up to 37 grams of gold (1.08 opt) and up to 847 grams of silver (24.7 opt) per ton. Highlights of prior drilling data include intercepts of 3 meters of 38 grams gold per ton (1.1 opt) and 7.6 meters of 8 grams per ton (0.243 opt) in separate drill holes. Neither of these intercepts has been significantly constrained by later drilling.
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The field work to date by Palladon has focused on the western half of the project area and attempted to better define basic geology and controls on the previously identified mineralization through mapping and rock chip sampling with over 330 rock samples collected as part of this effort. The majority of these samples were selected to determine which veins, faults, or other structures control the epithermal mineralization. Exposures in most areas did not allow for continuous sampling to ascertain full widths of mineralized zones.
Assays and geologic observations returned very positive results. One hundred and five (105) of the samples contained potentially ore-grade values of greater than 0.34 grams gold per ton (0.01 opt). Four samples contained bonanza gold grades: 193. 5 grams (5.65 opt), 63 grams (1.84 opt), 58.3 grams (1.7 opt), and 48.9 grams (1.4 opt) per ton gold, the highest rock chip values collected to date on the property. The first of these samples also contained 6370 grams of silver (186 opt Ag) and the second carried 1510 grams of silver (44 opt). These two samples were collected from float material but are believed to have not moved far from a nearby subcrop source. Nearby samples carry from 0.2 to 63 grams of gold along a strike length of 335 meters. The other two bonanza samples were from narrow (1 foot or less) veins or mineralized breccias. None of these bonanza veins appears to have been drill tested. In addition to these veins, several other mineralized structural zones were recognized, which are either untested by drilling or poorly tested. These structural zones are up to at least 500 meters long and could be up to 25 meters wide in places. The highest values on these three structural zones contain a minimum of 3 grams (0.09 opt) of gold with a maximum of 8 grams (0.23 opt) of gold per ton. The average of samples within 15 meters of these structures is 1.4 grams (0.04 opt) gold and 58 grams (1.7 ounces) of silver per ton.
Palladon recently acquired data from previous operators including 77 drill hole summaries, 193 anomalous rock chips (greater than 200 ppb Au), and soil anomaly areas, mostly from the eastern side of the project area. The data was derived from work conducted by Exxon, Noranda, and Homestake Mining between 1983 and 1997. Highlights of this data set include a hole drilled near the high-grade intercept noted above that bottomed in 1 meter of 32.9 grams (0.96 opt) of gold at 46 meters. On the eastern side of the property, another hole intersected 4.6 meters of 9.6 grams (0.28 opt Au) of gold at 21 meters within 29 meters of 1 gram (0.03 opt) gold starting at the surface; follow-up drilling near this hole returned weaker mineralized intervals but the overall importance of this hole has not been fully evaluated.
These early results are very encouraging. Most significantly, the new data supports the high-grade target concept with new bonanza grade values. Also, it is apparent that despite the amount of prior work, several attractive targets remain to be tested. A two phase drill program is currently being planned for execution in the spring and summer of 2006 and considerably more field work is planned for the coming months. Forty-five new claims have also been added to the property position.
Palladon CEO George Young said, "We continue with our gold exploration work both in the Great Basin of Nevada and Utah as well as in Patagonia and in Salta province, Argentina. We believe we have excellent projects on both continents for prospective gold exploration. We expect to be in a very unique position as a junior gold explorer. As we execute our business plan in developing our iron and copper projects, we will potentially have the ability to finance our gold exploration without significantly diluting shareholders going forward."
Qualified Person and Quality Assurance and control
Mr. Rick Russell, B.Sc, Geology, who has over 36 years experience in the mining industry, is a Licensed Geologist in the State of Washington (#205), and is a member of S.E.G, is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein. Mr. Russell is an independent consultant and does not have any ownership or financial interest in Palladon Ventures Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD.
George S. Young, Chief Executive Officer, Director
Assays quoted in this news release were performed by ALS Chemex Laboratories of Reno,Nevada.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Palladon's future plans, intentions, objectives or goals, including words to the effect that Palladon or management expects a stated condition or result to occur. Since forward- looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated.
The TSX Venture Exchange has not reviewed and does not take respon sibility for the adequacy or accuracy of the contents hereof.
Palladon Ventures Ltd. (TSX VENTURE:PLL - News)
Monday January 16, 9:00 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 16, 2006--Palladon Ventures Ltd. (TSX VENTURE:PLL - News; FWB:PV1) and joint venture partner Western Utah Copper Company are pleased to provide the following drill results on the Candy B prospect of the Milford Mineral Belt in southwestern Utah.
In the fall of 2005, the JV completed four reverse circulation drill holes (WCB 1, 2, 5 and 11), encountering copper mineralization greater than 0.4% Cu in intervals up to 50.3 m in length, including a 36.3 m interval grading an average of 1.05% copper. The apparent center of the mineralized area of the Candy B prospect is located approximately 430 meters southeast of the center of the historic Maria Mine, which produced approximately 7.2 million lbs. of copper between 1967 and 1974. Assay results have been returned for 3 holes and are summarized as follows:
SUMMARY DRILL RESULTS
Drill Hole Average
Number From To Meters Grade (%Cu)
WCB-01 96.00 m 132.60 m 36.60 m 1.05%
WCB-02 47.30 m 103.70 m 56.40 m 0.77%
Incl. 67.00 m 89.90 m 22.90 m 1.106%
WCB-11 61.00 m 65.60 m 4.60 m 0.82%
93.00 m 143.30 m 50.30 m 0.53%
In the 1950s U.S. Steel performed extensive regional geophysical and geological programs directed toward discovering large magnetite iron deposits in the Milford area. Although several small, intense magnetic sources were discovered under shallow cover, they were not of sufficient size to interest U.S. Steel for production of iron. The area of magnetic anomalies was later independently staked by the U.S. Steel geologist who had worked on the study. This eventually led to the discovery of the Bawana, Hidden Treasure, and Candy B prospects. Geophysical studies performed by Palladon in late 2004 confirmed peaks of a moderate chargeability anomaly, approximately 365 by 120 meters in size, to a 100-meter depth beneath the buried Candy B target. (See press release dated January 25, 2005)
In the mid-1960's the American Mining Company calculated a resource estimate at Candy B of 1 million tons averaging 1.25% copper based on seven holes drilled along a strike length of 1100 feet and a horizontal width of 400 feet. This estimate is historical in nature, was completed prior to 2001 and NI 43-101, and should therefore not be considered reliable. Palladon plans to initiate a second phase of infill drilling with the objective of verifying historic data, studying the extent of mineralization, and producing a revised, NI 43-101 compliant resource estimate for Candy B.
Mr. R. H. Russell, M.Sc., Geology, who has over 36 years experience in the mining industry, is a Licensed Geologist in the State of Washington (#205), and is a member of S.E.G., is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein relating to the Western Utah Copper Project. Mr. Russell is an independent consultant and does not have any ownership or financial interest in either Palladon Ventures Ltd. or Western Utah Copper Company.
Detailed Drilling Summary
Palladon/WUCC Joint Venture
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Drill Hole
Number Significant Intercepts(i) Geology
--------------------------------------------------
WCB-01 0-33.5 m: Alluvium
33.50-96.00 m: 33.5-94.5 m: Epidote/Garnet
Low-grade copper Skarn; Local marble
--------------------------------------------------
96.00-111.30 m: 94.5-123.4 m: Magnetite,
15.30 m @ 0.568 % Cu Garnet
111.30-112.80 m.:
1.50 m Pending Skarn
--------------------------------------------------
112.80-132.60 m: 123.4-134.1 m: Skarn and Alt.
19.80 m @ 1.502% Cu Intru. 147.9 m: TD in Quartz
Monzonite
--------------------------------------------------
--------------------------------------------------
WCB-02 0-25.9 m: Alluvium
--------------------------------------------------
25.9-44.2 m: No Samples
--------------------------------------------------
47.30-50.30 m:
3.00 m @ 0.625 Cu 44.2-57.9 m: Magnetite, Garnet
--------------------------------------------------
50.30-51.80 m:
1.50 m Pending Skarn
51.80-53.30 m:
1.50 m @ 0.754% Cu
--------------------------------------------------
53.30-56.40 m:
3.10 m Pending
56.40-65.50 m:
9.10 m @ 0.769% Cu 57.9-61 m: Fracture Zone
--------------------------------------------------
65.50-67.00 m:
1.50 m Pending 61-108.2 m: Magnetite Skarn,
67.00-89.90 m:
22.90 m @ 1.106% Cu Locally Silicified, Fractured
--------------------------------------------------
89.90-91.50 m:
1.50 m Pending
--------------------------------------------------
91.50-103.70 m:
12.20 m @ 0.6615% Cu 129.6 m: TD in Intrusive
--------------------------------------------------
--------------------------------------------------
WCB-11 61.00-65.60 m:
4.60 m @ 0.818%
--------------------------------------------------
93.00-99.10 m:
6.10 m @ 0.999%
--------------------------------------------------
108.20-128.00 m:
19.80 m @ 0.734%
--------------------------------------------------
135.70-143.30 m:
7.60 m @ 0.812%
--------------------------------------------------
(i) The reverse circulation samples were collected on 5-foot
(1.5 meter) intervals. Several intervals are still out for assay and
results are pending, or in the case of WCB - 11, results are missing
over several meters. Where missing or pending, a value of 0.00% Cu
was assumed in the average grade calculations above. A cutoff of
0.40% Cu was used.
Palladon also announces the resignation of Mr. Doug Silver, VP Business Development, effective December 31, 2005. "Mr. Silver has made a valuable contribution to Palladon since its inception in 2003. We wish him every success as he focuses on his role as C.E.O of International Royalty Corp.," stated George Young, Chief Executive Officer of Palladon Ventures Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD.
Donald G. Foot Jr., President & Chief Operating Officer
Assays quoted in this news release were performed by (ALS Chemex Laboratories of Reno, Nevada).
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Palladon's future plans, intentions, objectives or goals, including words to the effect that Palladon or management expects a stated condition or result to occur. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated.
The TSX Venture Exchange has not reviewed and does not take respon sibility for the adequacy or accuracy of the contents hereof.
Palladon Ventures Ltd. (TSX VENTURE:PLL - News; FRANKFURT:PV1 - News)
Contact:
Palladon Ventures Ltd.
Hamish Greig
Investor Contact
(604) 484-7088
Fax: (604) 484-7044
info@palladonventures.com
www.palladonventures.com
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Source: Palladon Ventures Ltd.