Smartstox.com Spotlights International PBX Ventures
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Smartstox.com Spotlights Active Resource Explorers
Vancouver, British Columbia, April 29, 2010. The Smartstox Online TV Talk Show is alerting subscribers and other resource stock investors to recent developments at these Smartstox-profiled companies.
Cream Minerals Ltd. (CMA.V) (Frankfurt: DFL) announced recently that additional assay results from drilling by the optionee of Cream’s Nuevo Milenio silver-gold project in Mexico have been received. Roca Mines Inc. initiated drilling on Nuevo Milenio in late February as part of a $US12 million exploration commitment to earn a 50% interest in the holding.
Drillhole NM-10-05 intersected several intervals of silver-gold mineralization at the Once Bocas target, including a near-surface interval of 12.19 m of 90.9 g/t silver and 0.496 g/t gold, two intermediate intervals, and a lower 4.07 m interval averaging 114.5 g/t silver and 0.311 g/t gold.
Drill results announced last month included intersections of 4.55 m of 1,299 g/t silver and 4.27 g/t gold, and 11.98 m of 239.5 g/t silver and 0.942 g/t gold, amongst others. Michael O'Connor, President and CEO for Cream Minerals, gave us much more information on Nuevo Milenio, the company’s gold and silver-lead-zinc projects in Canada, and their diamond holding in Sierra Leone, in our Smartstox interview available at www.smartstox.com/interviews/cma.
Initial results are back for the first hole of International PBX Ventures’ (PBX.V) (Frankfurt: IVV) current drill program in the Sulfato zone of their Copaquire copper-molybdenum-rhenium project in northern Chile. Assays for the first 132.8 metres of the drill hole shows it intercepted 89.4 metres with 1.0% copper and 0.02% molybdenum, including 14.0 metres of 2.0% copper and 0.04% molybdenum. Results are pending for the rest of that hole and subsequent holes. PBX wants to demonstrate that the Sulfato zone can provide an attractive starter pit for the Copaquire mine plan, and that the overall copper tonnage at the project can be significantly increased.
A Preliminary Assessment Report delivered late last year suggests the existing Copaquire copper-molybdenum resource in the Cerro Moly zone can be mined by open pit and at a rate of 36,000 tonnes of mill feed per day would produce 785.4 million lbs of copper and 166.4 million lbs of molybdenum over a 24-year mine life, with an operating cost of just $7.15US per tonne.
George Sookochoff, President & CEO of International PBX, told us more about the development of the Copaquire Copper Molybdenum project with Smartstox.com in our interview available at www.smartstox.com/interviews/pbx.
International Montoro Resources Inc. (IMT.V)(Frankfurt: O4T) announced late in March that they had begun Phase 2 drilling on their Serpent River property, located about 13 km east of Elliot Lake, Ontario, the center of Denison and Rio Algom’s uranium production from the 1950s through the 1970s.
Rio Algom outlined a historic resource (pre NI 43-101 standards) of 14.8 million pounds U3O8 in the property’s quartz-pebble conglomerate beds. But Montoro’s Phase 1 drilling found uranium values in three different lithological environments: the quartz pebble conglomerate, in mineralized aplite dykes and sills, and at the unconformity between the Archean basement rocks and overlying Proterozoic sediments. As well, re-analysis of drill core has also revealed significant concentrations of rare earth elements, and a strong geophysical anomaly on the property appears to be caused by a mafic intrusion with potential to host contact-style nickel – copper - PGE mineralization.
Montoro also holds key ground in a newly emerging rare earth play in northern British Columbia. Gary Musil, President for the company gave us much more information on all their holdings in our Smartstox interview available at www.smartstox.com/interviews/imt.
Smartstox.com provides investment-related content through video and audio interviews with the management of small cap companies, along with written profiles on those groups. For our full interview line-up, and to listen to the market commentary of top resource stock analysts, visit http://www.smartstox.com.
The content prepared by DSMA/Smartstox is for informational purposes only. Any third party statement and/or opinion and/or any forward-looking statement expressed within any DSMA/Smartstox content shall not be considered a recommendation or endorsement from DSMA/Smartstox to buy or sell securities from companies profiled by Smartstox. The information in DSMA/Smartstox content has not been approved or disapproved by any securities authority. Interested parties are encouraged to read our full disclosure at http://www.smartstox.com.
Contact:
The Smartstox Online Talk Show
Stanlie Hunt, President
(604) 628-4592 or (416) 628-4841
info(at)smartstox.com
Leseranfragen:
International PBX Ventures Ltd.
#209 - 475 Howe St.
Vancouver, B.C.
V6C 2B3
Kanada
George Sookochoff, President & CEO
Tel.: +1 604-681-7748
Fax: +1 604-681-0568
E-Mail: corpdev(at)internationalpbx.com
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Datum: 04.05.2010 - 09:30 Uhr
Sprache: Deutsch
News-ID 20187
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