PRW.AX Proto Resources & Investments Ltd.

http://investorshub.advfn.com/boards/board.aspx?board_id=20828

It's time to invest ...

Good afternoon Bob, please join us over here at

http://investorshub.advfn.com/boards/board.aspx?board_id=7483

as your input and findings are more than welcomed. It deals
with Silver and Cobalt mining.

Thanks

Benton mobilizes drill to new high grade nickel, copper, platinum and palladium discovery at Bark Lake

Friday February 22, 9:24 am ET

http://biz.yahoo.com/cnw/080222/benton_bark_lake_dril.html?.v=1

THUNDER BAY, ON, Feb. 22 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that the Company has mobilized a drill to the Bark Lake project. The first phase drill program will consist of 5-7 holes totaling a minimum of 1000 metres of drilling. The program will focus on testing moderate to strong induced polarization anomalies coincidental with magnetic anomalies. These anomalies lie within close proximity to high grade base and precious metal surface samples which returned individual assays grading up to 1.5% Nickel, 1.2% Copper, 2.6 grams per tonne (gpt) Platinum, 1.4gpt Palladium and 0.7gpt gold. 12 out of the 16 samples taken from the area returned results higher in Platinum than Palladium. Management believes the project has excellent potential and results of the diamond drilling program will be released as they are received.

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.


On behalf of the Board of Directors of Benton Resources Corp.

"Stephen Stares"
Stephen Stares, President

THE TSX VENTURE EXCHANGE HAS NOT REVEIWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Forward looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
For further information

Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600

--------------------------------------------------------------------------------
Source: Benton Resources Corp.

BMC has done very well $1.37, i like the news:


Brilliant's Lanfranchi produces 1,619 t Ni in quarter


2008-01-31 09:53 ET - News Release

Mr. Mike Sieb reports

BRILLIANT MINING CORP.: RECORD QUARTERLY PRODUCTION-47% INCREASE OVER SEPTEMBER QUARTER LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA

Brilliant Mining Corp. has reported record quarterly production from its 25-per-cent-owned Lanfranchi nickel mine, located in the world-class Kambalda nickel district of Western Australia.

Key point summary:


Quarterly production reaches 1,619 tonnes nickel (Ni) contained Ni metal, a 47-per-cent increase from September quarter;
Winner high-grade ore production increases average nickel grade for Lanfranchi by 25 per cent;
Deacon development on schedule with vent raise construction under way.

The Lanfranchi joint venture (JV) mined 62,539 tonnes of ore with grade averaging 2.59 per cent Ni for 1,619 tonnes Ni contained, a 47-per-cent increase in nickel tonnes over the previous quarter. Mining during the quarter included ore from the high-grade Winner orebody which commenced in October and resulted in the average mined nickel ore grade increasing by 25 per cent.


LANFRANCHI MINE DECEMBER, 2007, QUARTERLY PRODUCTION AND DELIVERIES(I)(II)

Three months Three months Three months
ending ending ending
Area Details Units Dec. 31, 2007 Sept. 30, 2007 June 30, 2007

Ore mined dmt 62,539 52,886 60,864
Ni grade % 2.59 2.08 2.19
Mining Ni metal contained t 1,618 1,098 1,330
lb 3,567,000 2,421,000 2,932,000
Cu grade% 0.21 0.19 0.20
Ore delivered dmt 60,330 52,523 57,565
Ni grade% 2.59 2.08 2.19
Ore
Delivered Ni metal contained t 1,563 1,093 1,262
lb 3,446,000 2,410,000 2,782,000
Cu grade% 0.22 0.19 0.20

Notes:
(i) 25% of the reported ore deliveries or production is attributable to Brilliant Mining
(ii) DMT equals dry metric tonnes, T equals tonnes, lb equals pounds

Brilliant Mining owns a 25-per-cent interest in the Lanfranchi joint venture, which owns the Lanfranchi nickel mine together with associated infrastructure, mining leases and mineral claims. The remaining 75-per-cent interest in the Lanfranchi JV is held by Sally Malay Mining Ltd.

The project is supervised by John Williamson, PGeol, of Edmonton, Alta. Mr. Williamson is chief executive officer and a director of Brilliant, and is the qualified person as defined by National Instrument 43-101.

We seek Safe Harbor.

Golden Goose hits 18.5 metres of 1.22% nickel at its Lac Levac property
Tuesday January 29, 1:54 pm ET
MONTREAL, Jan. 29 /CNW Telbec/ -

Golden Goose Resources Inc. -
(TSX-V: GGR - News; the "Company") is pleased to report additional results from fall drilling at its wholly-owned -
Lac Levac nickel property -
in the James Bay area, 216 km north of Chibougamau in northern Quebec.

The latest assays are among the final results from the 7,150-metre fall program recommended in the 43-101 report
dated July 2007. Completed in December 2007,
this program primarily targeted the NISK-1 anomaly(x) and
its newly-discovered eastern extension.

"These new results are very encouraging," said Jean-Marc Lacoste, President of Golden Goose.

"Hole 25-07 returned the widest intercept seen for the zone
to date, and Hole 32-07 cut mineralization that extends
right up to surface."

"Based on the initial four holes drilled on the eastern extension, this newly-identified area appears to contain similar nickel grades to the main area, with higher and more significant platinum and palladium mineralization," he added.

The new results are as follows, with previously-reported results shown
below for reference:
(True width not yet determined)

Hole From To Length Ni Cu Co Pt Pd
No. (m) (m) (m) % % % (g/t) (g/t)
-------------------------------------------------------------------------
Main area (in-fill drilling recommended in July 2007 43-101 report)
-------------------------------------------------------------------------
25-07 227.50 246.00 18.50 1.22 0.63 0.07 0.20 1.37
-------------------------------------------------------------------------
32-07 16.50 18.20 1.70 0.74 0.25 0.04 0.24 0.12
And 23.70 25.70 2.00 1.60 1.59 0.09 0.47 0.30
-------------------------------------------------------------------------
40-07 243.50 247.00 3.50 0.70 0.21 0.04 2.64 1.59
-------------------------------------------------------------------------
41-07 121.00 133.50 12.50 0.56 0.43 0.03 0.14 0.85
-------------------------------------------------------------------------
42-07 238.00 240.50 2.50 0.76 0.32 0.05 0.17 0.49
-------------------------------------------------------------------------
19-07, 23-07 , 27-07 and 28b-07 showed minor mineralization (less than 2m
thick using a cut-off grade of 0.4% Ni) Assays for holes 16-07, 17-07 and
24-07 drilled on the main area are still pending.
-------------------------------------------------------------------------
Eastern extension (newly discovered)
-------------------------------------------------------------------------
39-07 58.50 61.00 2.50 0.77 0.38 0.04 0.20 2.67
-------------------------------------------------------------------------
43-07 239.50 243.50 4.00 1.30 0.64 0.07 0.02 0.49
-------------------------------------------------------------------------
45-07 183.10 186.10 3.00 0.81 0.81 0.05 0.30 1.27
-------------------------------------------------------------------------
47-07 153.70 161.70 8.00 1.03 0.72 0.05 0.91 3.24
-------------------------------------------------------------------------
44-07 showed minor mineralization (less than 2m thick using a cut-off
grade of 0.4% Ni) Results for holes 46-07, 48-07 to 50-07 and 52-07
drilled on the eastern extension are still pending
-------------------------------------------------------------------------
33-08 and 51-08 are to be drilled in 2008
-------------------------------------------------------------------------

-------------------------------------------------------------------------

Previously-disclosed results:

Hole From To Length Ni Cu Co Pt Pd
No. (m) (m) (m) % % % (g/t) (g/t)
-------------------------------------------------------------------------
Fall 2007 Program
-------------------------------------------------------------------------
22-07 23.00 27.50 4.50 0.89 0.25 0.07 0.04 0.87
And 42.00 44.00 2.00 1.71 0.17 0.10 0.03 0.24
-------------------------------------------------------------------------
26-07 29.00 29.50 0.50 2.47 0.63 0.12 0.05 0.62
And 35.00 36.00 1.00 0.96 0.06 0.07 0.05 0.51
-------------------------------------------------------------------------
29-07 256.00 259.00 3.00 1.30 0.51 0.08 0.01 1.11
-------------------------------------------------------------------------
30-07 150.50 158.50 8.00 0.90 0.30 0.07 0.19 0.84
-------------------------------------------------------------------------
31-07 75.05 77.55 2.50 0.72 0.39 0.04 0.37 0.34
-------------------------------------------------------------------------
34-07 239.20 249.70 10.50 0.73 0.25 0.05 0.08 0.48
Including 239.20 244.70 5.50 1.01 0.34 0.07 0.11 0.74
-------------------------------------------------------------------------
35-07 50.65 55.65 5.00 0.85 0.50 0.05 0.09 0.80
-------------------------------------------------------------------------
36-07 134.40 137.40 3.00 0.61 0.54 0.04 0.05 0.55
-------------------------------------------------------------------------
37-07 235.50 238.50 3.00 0.77 0.40 0.05 0.27 0.67
-------------------------------------------------------------------------
38-07 34.50 35.00 0.50 0.78 0.84 0.05 0.26 0.84
-------------------------------------------------------------------------
18-07, 20-07, 21-07 showed no significant mineralization
-------------------------------------------------------------------------
Spring 2007 program
-------------------------------------------------------------------------
04-07 125.40 132.40 7.00 1.05 0.49 0.07 0.20 1.53
-------------------------------------------------------------------------
05-07 187.00 190.00 3.00 1.36 0.52 0.06 0.44 1.03
And 192.00 209.50 17.50 1.48 0.42 0.09 0.26 1.10
-------------------------------------------------------------------------
06-07 154.50 156.00 1.50 1.08 0.35 0.07 0.09 0.79
-------------------------------------------------------------------------
07-07 106.70 108.70 2.00 1.17 0.28 0.07 0.23 0.94
-------------------------------------------------------------------------
08-07 129.00 133.00 4.00 1.07 0.31 0.07 0.04 0.76
And 118.00 121.00 3.00 0.63 0.11 0.04 0.08 0.25
-------------------------------------------------------------------------
09-07 188.30 190.30 2.00 0.84 0.61 0.04 0.19 0.54
-------------------------------------------------------------------------
10-07 177.40 179.40 2.00 0.62 0.05 0.03 0.11 0.33
-------------------------------------------------------------------------
13-07 158.00 160.50 2.50 1.69 0.77 0.09 0.14 1.19
-------------------------------------------------------------------------
15-07 61.80 63.30 1.50 0.43 0.73 0.02 0.13 0.65
-------------------------------------------------------------------------
01-07, 02-07, 03-07 were drilled on the "C" anomaly and showed no
significant mineralization
11-07 and 14-07 were cancelled
12-07 showed no significant mineralization
-------------------------------------------------------------------------
Analyses were done by Accurassay Laboratories, Thunder Bay, Ontario. All
samples are tested using a full scan ICP following an Aqua-Regia
digestion. Ore grade samples are then reanalyzed by atomic absorption.
Pt and Pd are tested by Fire Assay using lead collection.


A map of the Lac Levac property showing the best drill results to date
can be found at :

http://www.goldengooseres.com/pages/en/levac_results_07

The fall drill data is being used to update the NI 43-101-compliant evaluation report and resource estimate dated July 2007, which showed the NISK-1 anomaly to contain an indicated resource of 516,000 tonnes at 0.89% nickel, 0.39% copper, 0.06% cobalt, 0.79 g/t palladium and 0.14 g/t platinum and an inferred resource of 734,000 tonnes at 0.89% nickel, 0.34% copper, 0.06% cobalt, 0.77 g/t palladium and 0.14 g/t platinum.

Meanwhile, the Company plans to continue delineating and upgrading the NISK-1 resource. "The 2008 drilling program, which will total about 10,000 metres, is still being finalized and will get underway next week," confirmed Mr. Lacoste. "We have not yet tested the extension of the NISK-1 mineralization at depth, which we consider to be a very high-potential target."

The Lac Levac drilling programs are planned and supervised by Marc-Antoine Beaupré, a geological engineer and the qualified person as defined by National Instrument 43-101. He has approved the contents of this press release.

(x) Previously called the INCO anomaly. Golden Goose has decided to
assign Cree names to the Lac Levac anomalies; "nisk" means "goose" in
Cree.

ABOUT GOLDEN GOOSE RESOURCES


Golden Goose Resources Inc. is a Canadian public company listed on the TSX Venture Exchange under the symbol GGR. The Company is principally engaged in mineral exploration and acquisition and has a portfolio of gold and nickel-platinum group metals properties in Ontario and Quebec.

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

For further information

Golden Goose Resources Inc.:
Jean-Marc Lacoste,
1-888-928-4667,
Fax: 1-888-494-5371,
lacoste@goldengooseres.com

Qualified Person under NI 43-101:
Marc Antoine Beaupré, Ing.,
(888) 928-4667,

http://www.goldengooseres.com


Source: GOLDEN GOOSE RESOURCES INC.

http://biz.yahoo.com/cnw/080129/e_ggr_nickel_laclevac.html?.v=1

http://investorshub.advfn.com/boards/board.asp?board_id=6958

Caledonia Mining (CALVF) signs 6-year contract to sell its cobalt to a Chinese company. It's up 67% today.
The best part is that the Chinese have to pay them whether they take the cobalt or not. Sweet deal!


Jan 29, 2008 09:00 ET
Caledonia Mining Announces Cobalt Off-Take Agreement With Large Chinese Refiner

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2008) - Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(<a href="AIM:CMCL)" target="_blank"AIM:CMCL)</a is pleased to announce the signing of a cobalt off-take agreement with a large Chinese refiner. Under the terms of the agreement, Caledonia will supply a minimum of 21,000 tonnes of cobalt metal equivalent in the form of cobalt hydroxide from its Nama Cobalt Project over the next six years. The agreement specifies that the price shall be based on the published monthly average for 99.3% cobalt from the London Metal Exchange, and contains a guaranteed "Take or Pay" minimum cobalt price of US$12/lb of cobalt metal. The agreement is renewable.

Caledonia's 100% owned Nama Project is located in Northern Zambia. Caledonia plans to commence mining Anomalies "A" and "C" using open pit mining methods, pre-concentration and conventional cobalt extractive technology.

Caledonia is proceeding with detailed mine planning and is targeting commencement of production by early 2009 at an expected annual production level of 10,000 tonnes of cobalt metal. An internal feasibility study has estimated capital expenditure at US$125 million and production costs below US$10/lb. The cobalt project will become the main strategic focus for Caledonia going forward.

Commenting on the announcement, Stefan Hayden, President and CEO of Caledonia Mining said "The signing of this cobalt off-take agreement marks an important milestone for Caledonia as we commence with the development of Nama, which I expect will prove to be one of the world's largest primary cobalt deposits. In the context of current spot prices for cobalt of US$44/lb and the floor price of US$12/lb, this contract represents substantial value and confirms Caledonia's potential to become one of the key primary players in the cobalt market. Negotiations on further agreements with refiners continue. With rising demand from China, India and America, we believe the fundamentals for cobalt remain robust in the near-term."

Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.


http://www.marketwire.com/mw/release.do?id=815161&k=caledonia

Only one nickel play I follow and I dont currently own any shares
http://investorshub.advfn.com/boards/board.asp?board_id=5180

I like agriculture this year wayover base metals
http://investorshub.advfn.com/boards/board.asp?board_id=9037

What are you following?

lol and 2 years to go on that prediction!

WOW...very interesting article!

Isn't PRB.V and NOT.V are up there i believe!

One that has caught my eye is the silver/cobalt play in northern ontario in the Keeley Frontier area. Here is TNRI's website, if you have a moment, check it out:

http://www.titan-resource.com

No
Some reason to?

Pretty well strictly ag these days

Still following it?

Great article, gonna post this over TNRI's board as they are into both Silver and Cobalt. What are you following?

Byproducts V: Why the Run-Up in Cobalt Demand?

By Jack Lifton

27 Dec 2007 at 03:17 PM GMT-05:00

http://www.resourceinvestor.com/pebble.asp?relid=39076

Kodiak kxl halted, don,t know why have a few interesting properties

Is there no hub for the McFaulds lake play?

Here's an interesting calculation off the 2007 AGM presentation

From slide 14, the US dollar value of Rooiport nickel and PGEs is
$2.226 billion dollars divided by 480 million Caledonia shares, the value of the existing identified resource there is $4.63 per share.

Once the 321 reef and the Merensky reef acquired from Falconbridge are drilled in Q3 2007, you can multiply that figure by 4 or possibly more.

From slide 24, the US dollar value of Nama cobalt Anomalies A and part of C is $2.734 billion dollars divided by Caledonia's 480 million share float equates to $5.69 per share at existing metal prices.

Here's why. This is the only cobalt stock going for under $1 USD. Second, it has a significant nickel and PGE deposit in South Africa. Third, it has a producing gold mine in Zimbabwe. And it has 3 diamond deposits as well in Zambia, South Africa, and Canada.
It is a mini BHP selling for under 20 cents!!

Why would you ever want to scalp it for a couple of pennies in profit? Based on the value of the proven existing deposits and Nama and Rooiport, the stock is worth $10.32 per share in current metals value.

After Nama is fully explored in 2 years, you can multiply that figure times 20 conservatively. Once Nama gets into production, it will be the biggest single primary cobalt mine in the World producing around 14,000 tons of cobalt per year. Based on Caledonia's metals prices, annual revenue per share will be around $2.55 per share with Nama at full production. That is revenues not counting gold, PGEs, or diamonds.

That calculation is for the benefit of those who are nervous about CALVF at 16 cents. I have a feeling with Friday's price action in this stock that it won't stay below 22 cents for long.
Here's the link to get to the presentation. IMO it is worth your time taking a listen and a look.

http://www.caledoniamining.com/present.php

cgn41

http://clearstation.etrade.com/cgi-bin/bbs?Cmd=post&post_id=8101859&Refer=

http://www.investorshub.com/boards/board.asp?board_id=5294

ASN ...

Pacific North West Capital Doubles Drill Program on West Timmins Nickel Project, adjacent to Xstrata's Montcalm Mine, Ontario

Friday June 15, 11:07 am ET

http://biz.yahoo.com/cnw/070615/pfn_timminsni_drillng.html?.v=1

VANCOUVER, June 15 /CNW/ - Pacific North West Capital Corp. (PFN) (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to announce that the diamond drill program that commenced on May 11, 2007 has doubled to evaluate additional geophysical and geological targets along with the deep EM conductors (200 metres). The meterage has been increased to 4000 meters to test earlier indicated targets south of the Montcalm Mine as well as others within the Montcalm Intrusive Complex (MIC).

The PFN drill program is continuing to evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. Off-hole EM conductors identified in 2005 drill holes as well as some of the defined AeroTem conductors will also be tested with this added drilling meterage. Additionally, all of the 2007 drill holes are being probed with down-hole pulse surveys to determine if the best parts of the conductors have been intersected. The West Timmins Nickel Project was obtained by an Option/Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the Project. The West Timmins Project covers 355 km2 (26,928 hectares), some 60 km west of Timmins, Ontario. To view location figure, please visit: www.pfncapital.com.

Numerous other anomalies, in the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) will still remain to be drill tested. Other geological target areas within the MIC have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.

The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed. To view Location Figure, please visit: www.pfncapital.com.

About Pacific North West Capital Corp.

--------------------------------------

Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.

PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities.

In late 2004 PFN established a Nickel Division that is rapidly growing and today has an Option/Joint Venture in the Timmins Mining District with Xstrata Nickel with further announcements pending on other projects. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 3000 meters in June 2007.

Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects.

Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.

Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In the event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.

In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.

Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061 g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87 g/t), 23,800 ounces of platinum (0.31 g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2007 work program and budget.

In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.

PFN management is currently negotiating and acquiring several new PGM and Nickel/Base Metals projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, Northwest Territories and Alaska.

The company has over $8 million in working capital and securities.

The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.


On behalf of the Board of Directors

(signed)

Harry Barr
President and CEO


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


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information

Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3



--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

Northern Abitibi gets Taylor Brook exploration permits

2007-05-22 10:46 MT - News Release

Mr. Shane Ebert reports

NORTHERN ABITIBI MINING CORP.: FIELDWORK TO COMMENCE AT THE TAYLOR BROOK NICKEL-COPPER-COBALT-PGE PROSPECT IN NEWFOUNDLAND

Northern Abitibi Mining Corp. has received exploration permits for the Taylor Brook prospect located in northwestern Newfoundland. A surface exploration program including mapping, rock and soil sampling, and mechanized trenching will begin in the last week of May and extend until the middle of June. This program will expand and better delineate several known zones of mineralization at surface, and follow up and evaluate numerous airborne geophysical anomalies. If surface results warrant, the best targets will be drill tested in summer or early fall, as soon as a drill is available.

Taylor Brook occurs in a relatively unexplored region which has excellent access by a network of logging roads. In 1998, sulphide occurrences were discovered in road cuts on the property and further exploration lead to the discovery of high-grade mineralization at the Layden showing. Eleven grab samples taken from the Layden showing averaged 5.38 per cent nickel, 1.05 per cent copper, 0.10 per cent cobalt, 112 parts per billion platinum, 232 ppb palladium and 416 ppb gold. Sulphides are associated with mafic to ultramafic rocks and the mineralization style is considered to be broadly analogous to Manitoba's Thompson nickel belt. A high-resolution AeroTEM II airborne geophysical survey over the property has identified four significant airborne conductors which occur immediately adjacent to the high-grade Layden showing, the largest of these conductors is about 600 metres by 100 metres in size. To date there has been no drilling on the property.

The Taylor Brook prospect is an option and joint venture between Northern Abitibi and Altius Resources Inc. Northern Abitibi can earn a majority interest in the project from Altius Resources by issuing 500,000 shares of Northern Abitibi, paying $200,000 cash and spending $1.2-million on exploration over four years.

Benton and Teck survey shows large King Lake anomalies

2007-06-07 09:18 MT - News Release

Also News Release (C-TCK) Teck Cominco Ltd

Mr. Stephen Stares of Benton reports

BENTON RESOURCES CORP. (BTC) IDENTIFIES LARGE CONDUCTIVE ANOMALIES ON KING LAKE NICKEL PROPERTY 60KM NORTH OF VOISEY'S BAY DEPOSIT

Benton Resources Corp. and its partner Teck Cominco Ltd. have received a final report from Aeroquest Ltd. on the recently completed airborne survey at the King Lake nickel project in Labrador, located 60 kilometres (km) north of the world-class Voisey's Bay nickel deposit. The King Lake nickel project is host to numerous, high-grade nickel-copper showings that have returned up to 6.8 per cent copper and 1.9 per cent nickel. The airborne geophysical survey located several strong electromagnetic anomalies on the property including a large conductive zone which measures greater than 400 metres wide by 1,000 metres long. This large conductive zone is coincident with a moderate magnetic anomaly, a rusty gossanous outcrop, and many nickel-copper-cobalt lake sediment anomalies similar to those in the vicinity of the Voisey's Bay deposit. The conductive zone is also spatially related to the outer rim of a large intrusion and east-west-oriented structures, comparable with the environment noted at the Voisey's Bay deposit.

Benton is excited about the results and believes the conductors could represent possible nickel-rich and copper-rich sulphide zones. Ground follow-up efforts are scheduled to begin in mid- to late June.

Clinton Barr (PGeo), vice-president exploration for Benton Resources, is the qualified person responsible for this news release.

Major Timmins Nickel Acquisition Program Underway - Pacific North West Capital Expands Drill Program by 50% to 3000 meters at West Timmins Nickel Project, adjacent to Xstrata Montcalm Mine in Timmins, Ontario

Thursday June 7, 11:18 am ET

<< TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>

VANCOUVER, June 7 /CNW/ - Pacific North West Capital Corp. (TSX: PFN OTCBB: PAWEF Frankfurt: P7J) is pleased to announce that the diamond drill program that commenced on May 11, 2007 to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario, has been expanded by 50% to 3000 meters. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).

The PFN drill program is evaluating deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. Off-hole EM conductors identified in 2005 drill holes will also be tested with this added drilling. Additionally, all of the 2007 drill holes are being probed with down-hole pulse surveys to determine if the best part of the conductors have been intersected. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).

Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.

The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).


To view location figures, please visit:

http://www.pfncapital.com/i/maps/map_attachement_June72007.jpg

http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg


About Pacific North West Capital Corp.
--------------------------------------

Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.

PFN is currently in the most aggressive acquisition phase of the company's history and is committed to advancing its existing projects and acquiring new projects via self-funding or option/joint venture agreements with major mining companies. The company has over $8 million in working capital and securities.

In late 2004 PFN established a Nickel Division that is rapidly growing and today has an Option / Joint Venture in the Timmins Mining District with Xstrata Nickel with further announcements pending on other projects. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.4 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).

Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. In addition, Stillwater Mining recently signed a letter of intent to invest a further $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project of which PFN is the project operator. Stillwater has followed its position over the last 2 financings and currently owns approximately 10% of PFN.

PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.

Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March 2007, PFN Management as project operator presented Anglo Platinum with the 2007 work program and budget and will be making further announcement shortly.

In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.

PFN is currently in the most aggressive PGM and Nickel acquisition phase of its history and management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.

The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.

The company has over $8 million in working capital and securities.


On behalf of the Board of Directors


(signed)
Harry Barr
President and CEO


The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release

Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information

Tel: (604) 685-1870, Fax: (604) 685-8045, Email: ir@pfncapital.com or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3

--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

http://biz.yahoo.com/cnw/070607/pfn_expands_drill_pro.html?.v=1

Geovic Mining gets ESA permit for Nkamouna


2007-06-05 12:04 MT - News Release

Mr. David Beling reports

GEOVIC CAMEROON COBALT PROJECT RECEIVES MAJOR ENVIRONMENTAL APPROVAL

Geovic Mining Corp., on behalf of its 60-per-cent-owned subsidiary, Geovic Cameroon PLC, is confirming that the Republic of Cameroon has issued a certificate of compliance for the environmental and social assessment of the Nkamouna cobalt-nickel project. This completes another project development milestone and is the culmination of environmental and social characterization studies conducted since 2000, evaluation of alternative mining, processing and reclamation plans, and conducting 16 public hearings in Cameroon during 2006. Geovic Cameroon owns 100 per cent of the mining rights for seven known cobalt-nickel deposits located on Geovic Cameroon's mine permit.

Knight Piesold Consulting (KP) was engaged in 2004 to complete baseline studies and prepare necessary documents in accordance with World Bank standards and Cameroon's environmental code, which was updated to international standards in 2002. Water permits and a land lease that compensates the government for the disturbance of project lands are expected to be issued by the end of 2007, thereby completing all material governmental requirements necessary to construct and operate the Nkamouna project.

The environmental and social assessment was premised on producing 4,000 to 8,000 tonnes of cobalt per year and it included nearly 1,300 pages of information in the documents described below:


Executive summary of the environmental and social assessment;
Environmental and social impact assessment;
Environmental and social action plan;
Emergency response and contingency plan;
Community development plan;
Waste-management plan;
Public consultation and development plan;
Mine reclamation and closure plan;
Numerous appendices and reference documents.

Geovic Cameroon plans to backfill all overburden and waste rock in the shallow-mined pits and concurrently reforest the surface to minimize the amount of disturbed land at any given time. The materials to be backfilled are non-acid generating and contain no soluble hazardous constituents.

Approximately 1,500 tonnes per day of acid-leached tailings will be neutralized with lime and combined with 4,700 tonnes per day of rejects from an ore-washing and concentration plant. The combined tailings are chemically and physically stable and will be permanently stored in a permitted tailings facility. The tailings facility is designed to international standards and will be reclaimed immediately after completion of its useful life and in a manner that meets the approved environmental and social assessment, Cameroon environmental code and Geovic Cameroon's mining convention and mine permit.

Geovic Cameroon will extend substantial support to local and regional governments and implement social development programs to enhance the quality of life for employees and citizens during construction and production, and to ensure sustainable development activity after operations are complete. Local medical, training and recreational facilities will be improved, and sustainable development programs will include microloans to encourage start-up of long-term businesses, such as the production of food and manufacture of building materials that Geovic Cameroon will purchase and use at the Nkamouna project, and for building local infrastructure.

Nkamouna -- background

The Nkamouna project, the first of seven potential deposits to be developed, contains 53 million tonnes of proven and probable ore reserves at average grades of 0.24 per cent cobalt, 0.72 per cent nickel and 1.22 per cent manganese. The reserves are stated in a March 12, 2007, National Instrument 43-101 technical report prepared by Pincock Allen & Holt. The Pincock Allen & Holt base-case financial model used three-year average metal prices ending 2005 and had an after-tax NPV at 10 per cent of $529-million (U.S.), an IRR of 78 per cent and a payback of less than 1.5 years. Production is estimated to annually average 3,300 tonnes cobalt and 2,800 tonnes nickel during the first 21 years of operations.

Unique, coarse aggregates of cobalt mineralization in these specific Cameroon deposits can be concentrated using simple crushing, washing and sizing methods. Consequently, the run-of-mine Nkamouna ore is upgraded to approximately 0.7 per cent cobalt, 1 per cent nickel and 3.5 per cent manganese prior to delivery to the leach plant. The concentrate is then leached at atmospheric pressure and processed to produce high-purity cobalt, nickel and manganese products.

Washington Group International of Denver, Colo., is expected to complete a final feasibility study of the Nkamouna project by September, 2007. Geovic intends to improve project infrastructure by early 2008 and start major construction by April, 2008. Production is scheduled to start in late 2009.

David C. Beling, PE, executive vice-president and chief operations officer, is the qualified person responsible for developing the Nkamouna project and the technical information contained in this press release.

We seek Safe Harbor.

China's Demand for Nickel Could Hit 400,000 Tonnes by 2010

By Interfax-China
30 May 2007 at 09:54 AM GMT-04:00

http://www.resourceinvestor.com/pebble.asp?relid=32406

SHANGHAI (Interfax-China) -- China's demand for nickel might hit 400,000 tonnes in 2010 on growing demand from the stainless steel industry and battery production, an official with the Ministry of Land Resources said at the China Nickel 2007 conference today.

"China's nickel raw materials supply will remain tight until 2010, and more than half of that supply will be reliant on imports," Zhang Mei, a researcher with the Information Center under the MLR said.

China will only be able to supply 124,000 tonnes of nickel domestically by 2010 due to limited mining production in China, Zhang said.

China had verified nickel ore reserves of 9.51 million tonnes as of 2005, spread over 97 sites, with 98% of the mining sites under full production. Gansu Province has 56.3% of the country's total nickel reserves, while 34.6% of reserves are located in other provinces, including Xinjiang, Yunnan, Sichuan and Qinhuai.

In March, Gansu Province-based Jinchuan Nickel Group, a company that controls 90% of China’s nickel output, reduced its 2007 nickel export target to 3,000 tonnes due to pressure from the increased export tax raised by state regulators.

Jinchuan's nickel exports for the first quarter of the year reached 1,100 tonnes, according to the company.

China raised its nickel export tax from 2% to 15% last November, as part of a state macro-control policy to impede on high-energy consuming industries and narrow the growing trade surplus.

Zhang said around two-thirds of nickel demand comes from the stainless steel industry and stainless steel output may hit 9 million tonnes in 2010.

China's stainless steel output was 3.6 million tonnes last year, swelling 67.72% from the previous year. China produced 419 million tonnes of crude steel in 2006, up 18.5% from a year earlier.

In the first quarter of this year, China imported 2.2 million tonnes of primary nickel ore, while imports in March stood at 1.03 million tonnes, representing an 80.7% increase from the previous month.

Last year, China imported 3.78 million tonnes of nickel ore, a 6.8 fold increase compared with the previous year, according to statistics released by the General Administration of Customs.

Total nickel ore imports amounted to RMB 3.41 billion ($440 million) in 2006, 1.5 times the amount for 2005. However, average import prices declined by 67.7% to RMB 903.26 ($116.40) per tonne.

Indonesia and the Philippines are the major countries that export nickel to China.

China's nickel ore imports from the Philippines reached 3.34 million tonnes, up 11.6% from 2005, which accounted for 88.5% of China's total nickel ore imports. In 2005, China's imports were mainly from Australian nickel mines.

Pacific North West Capital/Xstrata Nickel commence drilling at West Timmins Nickel Project, South of Montcalm Mine, Ontario

Thursday May 17, 2:01 pm ET

<< TSX: PFN OTCBB: PAWEF Frankfurt: P7J >>

VANCOUVER, May 11 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that a diamond drill program (approximately 2,000 metres) has commenced to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).

The PFN drill program will evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).

Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.

The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).


To view location figures, please visit:
http://www.pfncapital.com/i/maps/map_attachement_may112007_1.jpg
http://www.pfncapital.com/i/maps/Map_attachement_May112007_2.jpg
http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg

About Pacific North West Capital Corp.


Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.

PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.

Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.

In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.

PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.

The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.


On behalf of the Board of Directors

"signed"
Harry Barr
President and CEO


The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.

For further information

Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit http://www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3

--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

http://biz.yahoo.com/cnw/070517/pfn_xstrata_drilling.html?.v=1

Prime Meridian finds nothing so far at Kiernan


2007-05-16 09:46 MT - News Release

Mr. Michael Senn reports

PRIME MERIDIAN RESOURCES CORP: NICKEL-COPPER DRILLING UPDATE

Prime Meridian Resources Corp. is reviewing its drilling. In addition its website is now live on-line and its common shares are listed on the Frankfurt Stock Exchange under the symbol DYD.

Drilling was started in March, 2007, in the southern portion of the Kiernan sills project area in Michigan where there were no access restrictions during the spring breakup period. Prime Meridian has now completed testing of two nickel-copper targets of the nine targets in the Kiernan sills project area. While there was some copper mineralization in the cores from the drill holes, there was no evidence of a commercial deposit. A summary description of the core recovery is shown below.

The Kiernan sills (east and west) form a very large Proterozoic intrusive complex with approximate thickness of 4,000 and 8,000 feet and strike lengths of seven and 18 miles, respectively. The entire sill complex was surveyed using MEGATEM in the southern half and GEOTEM in the northern half of the project. Nine priority targets were discovered from these surveys, four in the southern block and five in the northern block.

The continuous drill testing of 29 drill-ready targets is under way on the Kiernan sills and four other midcontinent rift system projects in Michigan. All of the drill targets are in the northern region of the midcontinent rift system where, historically, large and valuable base metal mines have been developed in the northern United States. The drill rig is now fully crewed and works two 12-hour shifts each day on a 10-day-on, four-day-off schedule.

Drilling and exploration plans

The next target, KS-1, is also in Kiernan South and is currently under way. Drilling results will be reported when assay results are received, approximately each four to six weeks throughout 2007 and into 2008.

Prime Meridian has completed ground geophysical surveys over six nickel-copper and three iron-oxide-copper-gold targets in preparation for drilling. Geophysical survey and grid preparation work are continuing to complete the balance of 29 defined drill-ready targets. The grid preparation work is contracted to first nation crews from Thunder Bay, Ont. The ground geophysical surveys are being conducted by TMC Geophysics, Val d'Or, Que., and Prime Meridian field crews. Results are being interpreted by TMC and Big Sky Geophysics.

This summer Prime Meridian will also conduct ground and airborne geophysics, reconnaissance geological mapping, and sampling on the 10 mid-stage projects as reported in Stockwatch April 10, 2007, now available on the Prime Meridian website.

Summary description of drill results

The target tested at KS-102-1 is a strong magnetic positive anomaly with a weak to moderate coincident EM response at the eastern contact of an ultramafic (peridotite) unit that forms the basal unit of the West Kiernan sill. No significant sulphide intercepts were encountered. The anomaly was explained by strongly magnetic, altered peridotite, with local traces of pyrrhotite, chalcopyrite and graphitic volcaniclastic sediments.

The target tested at KS-102-2 is a strong magnetic positive anomaly with notable copper mineralization at surface (azurite, malachite, chalcopyrite in mafic volcanics -- assays to 0.2 per cent copper). Drilling intercepted trace copper mineralization over an eight-foot thickness (approximately 7.2 feet true thickness) in a magnetic chert unit. This interval is presently being prepared for geochemical analysis, including gold. Assay results will be reported when available.

Michael Senn, PGeo, president of Prime Meridian and a qualified person as defined by National Instrument 43-101, prepared the information in this release. Detailed information on the projects described above can be accessed in NI 43-101 reports available on SEDAR.

We seek Safe Harbor.

Golden Chalice drills 1.14% Ni over 72.50 m at Langmuir

2007-05-16 06:59 MT - News Release

Mr. Richard Hughes reports

GOLDEN CHALICE INTERSECTS 1.14% NICKEL OVER 72.50 METERS

Golden Chalice Resources Inc. has intersected 1.14 per cent nickel over 72.50 metres, including two separate heavily mineralized intervals of 2.23 per cent nickel, 0.22 per cent copper, 0.20 gram per tonne platinum and 0.50 gram per tonne palladium over 17.50 metres of drill core and 1.74 per cent nickel, 0.12 per cent copper, 0.20 gram per tonne platinum and 0.47 gram per tonne palladium over 13.10 metres of drill core.

This intersection is from drill hole GCL07-6 recently completed on the company's 100-per-cent-owned Langmuir property and is the first hole drilled to test a cluster of four airborne VTEM anomalies on the property. The Langmuir property is located about 35 kilometres south of Xstrata's Kidd Creek metallurgical site in Timmins, Ont. The Kidd Creek site has a nickel circuit for concentrating ore from Xstrata's Montcalm nickel mine located over 90 kilometres west of Timmins.

The Langmuir property includes over 20 kilometres of ultramafic and mafic flows and sills favourable for hosting nickel, copper and platinum group mineralization (PGM). Less than 50 per cent of this favourable stratigraphy has been flown by the VTEM airborne system with 18 separate clusters of airborne EM anomalies being identified. The current first phase of drilling is designed to test each cluster which are largely covered by overburden or swamp.

Hole GCL07-06 was drilled to test a linear-trending cluster of airborne EM anomalies that occur across four flight lines, spaced 75 metres apart. Two additional EM anomalies are on strike, but slightly offset from the others. The hole was oriented to drill across the EM trend along the flight line azimuth of 325 degrees with a dip angle of minus-55 degrees.

The drill hole intersected a strongly mineralized nickel, copper, and pgm zone occurring within an altered peridotitic komatiitic flow. Nickel mineralization is associated with disseminated, fracture filling and blebs of sulphides throughout the 72.50-metre core length. Higher values of up to 5.7 per cent nickel occur when sulphide concentrations increase to 30 or 35 per cent. The following table displays weighted average summaries for the mineralized intersection. True width of the zone is not known at this time.

 
  
              TABLE OF PRELIMINARY RESULTS FOR DRILL HOLE GCL-07-06 
  
            From (m)    To (m) Length    Ni      Cu      Co      Pt        Pd 
                                   (m)   (%)     (%)     (%)   (g/t)     (g/t) 
  
 Zone         99.50    172.00   72.50  1.14    0.08    0.02    0.11      0.26 
 including   116.90    130.00   13.10  1.74    0.12    0.02    0.20      0.47 
 and         149.50    167.00   17.50  2.23    0.22    0.04    0.20      0.50 
 

Formation expects to provide bankable study by June


2007-05-02 06:56 MT - News Release

Ms. Mari-Ann Green reports

FORMATION'S BANKABLE FEASIBILITY STUDY IMMINENT

Formation Capital Corp. has provided an update on the progress of the bankable feasibility study on the company's 100-per-cent-owned Idaho cobalt project (ICP) and its 100-per-cent-owned hydrometallurgical facility, now expected before the end of June, 2007. Additional time was allotted to the company's feasibility study engineers to further refine and improve the study in a number of areas in order to increase cash flow and reduce mine capitalization expenditures.

In particular, optimizing and finalizing the feasibility study's hydrometallurgical processes for recovery and purification of cobalt and copper have been completed. The process flow has been improved in a number of ways that include:


the incorporation of flash cooling and continuous leach operation that has resulted in an increase in the hydrometallurgical plant capacity;
the production and marketing of a 25-per-cent magnesium sulphate solution that will generate additional cash flow while reducing the amount of lime required and waste produced;
the reduction in waste products generated by better use of reagents and the development of alternative end products;
an increase in copper production capacity; and
a near complete capture and reuse of nitrogen species catalysts.

The feasibility level design for the mine, crushing and grinding, the concentrator, tailings and waste rock storage facilities, and ancillary facilities has also been completed. The process equipment, tankage, piping sizes and materials of construction have all been determined with work on the capital and operating cost estimates progressing well.

"It has been time well spent," stated Joe Scheuering, engineer of mines and general mine manager, reporting from the company's operations office in Salmon, Idaho. "On account of the high level of activity in an active metals market, there have been significant increases in equipment and consumable supply costs. The extra effort taken to improve the (bankable) feasibility study has resulted in optimizing, and reducing capital and operating cost requirements, and enhanced technical performance, and we will now produce a more valuable product with a market identified for one of the waste streams. Sales of this product will enhance the revenue stream as well as reduce the requirement for on-site treatment and disposal."

As announced in the company's news release in Stockwatch dated April 23, 2007, in order to advance the project schedule while enhancing refinery operation, detailed engineering for critical activities and procurement of critical long lead mine equipment items has already begun.

In addition, the company has retained Annette McFarland, PEng, to act as project engineer and mine planner for the ICP. Ms. McFarland will be directly responsible for overseeing the finalization of the mine plan of operations conforming to the final environmental impact statement and record of decision, and developing a project water balance plan using the dynamic systems model developed by Telesto Solutions Inc. Ms. McFarland has a bachelor of science degree in geological engineering from the University of Idaho and previously worked as lab supervisor for the Monsanto Co. in Soda Springs, Idaho.

A bankable (full) feasibility study is a comprehensive analysis of a project's economics (plus/minus-15-per-cent precision) and is used by the banking industry for financing purposes. Mike Irish, manager of metallurgy, PEng, MS, Met, Eng, is working with the feasibility team and is the qualified person who has reviewed and approved the contents of this release.

The Idaho cobalt project is a unique high-grade, primary cobalt deposit that is metallurgically favourable for the production of high-purity cobalt products. The project is in the advanced mine permitting and bankable feasibility stages of development. The United States is a key world consumer of this environmentally important and strategic metal but currently has no primary cobalt production and is dependent on imported sources.

We seek Safe Harbor.

Pacific North West Capital/Xstrata Nickel commence drilling at West Timmins Nickel Project, South of Montcalm Mine, Ontario

Friday May 11, 1:07 pm ET

VANCOUVER, May 11 /CNW/ - Pacific North West Capital Corp. ('PFN') (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News), is pleased to announce that a diamond drill program (approximately 2,000 metres) has commenced to evaluate EM conductors to depths of 200 metres south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC).

The PFN drill program will evaluate deep conductive targets, identified from a Pulse EM survey, with coincident magnetic signatures similar to those identified over the Montcalm Mine mineralization. These drill targets are also supported by the identification of a geological environment from previous drill results in 2005, to the south-west of the Montcalm Mine, similar to that hosting the ore mineralization (Cu-Ni) in the Montcalm Mine. The West Timmins Project was obtained by a Joint Venture with Xstrata Nickel, whereby PFN may earn a 100% interest in the West Timmins Project. The West Timmins Project covers 355 kms(2) (26,928 hectares), some 60 kms west of Timmins, Ontario (see location figure below).

Numerous other anomalies, along strike of the MIC, delineated by airborne EM (AeroTEM), downhole geophysics, and geochemical techniques (MMI survey) remain to be drill tested. Other geological target areas within the MIC still have to be evaluated by ground reconnaissance surveys. These follow-up programs are expected to be initiated later in the year.

The West Timmins project is located adjacent to Xstrata Nickel's Montcalm deposit. The deposit contains a Proven Mineral Reserve of 4.1 million tonnes (at) 1.38% Ni, 0.64% Cu as of December 31, 2006. Ore is transported 108 km east from the Montcalm Mine to the Kidd Creek Metallurgical Complex to be processed (See Location Figure).


To view location figures, please visit:
http://www.pfncapital.com/i/maps/map_attachement_may112007_1.jpg
http://www.pfncapital.com/i/maps/Map_attachement_May112007_2.jpg
http://www.pfncapital.com/i/maps/map_attachement_05102007.jpg

About Pacific North West Capital Corp.


Pacific North West Capital Corp. (TSX: PFN - News; OTCBB: PAWEF - News; Frankfurt: P7J - News) is a premier explorer in the search for Platinum Group Metals (PGMs) in North America and is currently in the most aggressive acquisition phase of the company's history focusing on new PGM and Nickel projects. PFN is committed to advancing its existing projects and acquiring new PGM and base metals projects via self-funding or option/joint venture agreements with major mining companies. The company has $4.7 million in working capital and no debt.
Stillwater Mining Company (NYSE: SWC - News), the largest producer of palladium and platinum in the Western Hemisphere, recently purchased 11% of PFN and is a strategic partner in the search for new platinum group metal discoveries in North America. Stillwater Mining recently signed a letter of intent to invest $4.5 million into PFN's Alaskan exploration and reconnaissance programs including the Goodnews Bay Platinum Project. PFN is the project operator.

PFN is currently exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.

Current measured and indicated resources: 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. In March management presented Anglo Platinum with the 2007 work program and budget. PFN is the project operator.

In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Société Générale de Financement du Québec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec.

PFN's technical team is aggressively acquiring new PGM and base metal projects in Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.

The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.


On behalf of the Board of Directors

"signed"
Harry Barr
President and CEO


The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release


Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
For further information

Tel (604) 685-1870, Fax (604) 685-8045, Email: ir@pfncapital.com, or visit www.pfncapital.com, 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.

http://biz.yahoo.com/cnw/070511/pfn_xstrata_drilling.html?.v=1

Lbe.t is on fire ,soon to be $5.00 then will be more fund interest. Just signed an agreement with 1st nations to work the Redstone.

China to Invest $200 Mln in Zambia Mine -

China will invest $200 million in a Zambian mine as part of
Beijing's effort to ensure a stable supply of raw materials,
an official said on Wednesday.

"We are investing $200 million," a Zambian-based official
from the state-owned China Nonferrous Materials Industry
Engineering and Construction Group told Reuters.

He said the rehabilitation of the Chambishi copper mine was
at an advanced stage and production was expected to
resume later this year.

"We expect copper production to start again before end
of this year," said the official.

The Chinese group bought an 85 percent stake in Chambishi
from largely state-owned Zambia Consolidated Copper Mines
(ZCCM) in June 1998 for $20 million in cash.
ZCCM retains a 15 percent stake in the mine.

Chambishi has faced the same cash flow problems as Zambia's
other copper and cobalt mines in recent years.

The industry is nearing completion of a privatisation
programme that will see the country's lifeblood mines
handed over to foreign operators and investors.

A Beijing newspaper reported earlier on Wednesday that
China would invest in the Chambishi mine as part of its
effort to ensure a stable supply of raw materials.

China imported more than 1.25 million tonnes of copper
concentrates last year, according to customs figures.

(Source: CIEC)
----

China Launches Mining Program in Zambia -

By JOSEPH J. SCHATZ
The Associated Press
Sunday, February 4, 2007; 6:59 PM

LUSAKA, Zambia -- Chinese President Hu Jintao launched a copper mining partnership with Zambia on Sunday and won praise from Zambia's finance minister for his focus on economic investment rather than politics.

Hu planned to travel Monday to Namibia _ his fifth stop on an eight-nation African tour intended to increase Chinese investment in the continent, which is rich in natural resources although it suffers from widespread poverty.

Chinese President Hu Jintao, left, and Zambian president Levy Mwanawas, on Hu's arrival in Lusaka Saturday, Feb 3, 2007.
Hu's visit to Lusaka is expected to focus on new Chinese aid initiatives for Zambia and the inauguration Sunday of a new economic partnership zone in Zambia's Copperbelt province, which has become a key source of copper for China's growing economy.


(AP Photo/Joseph J. Schatz)

Chinese President Hu Jintao, left, and Zambian president Levy Mwanawas, on Hu's arrival in Lusaka Saturday, Feb 3, 2007.
Hu's visit to Lusaka is expected to focus on new Chinese aid initiatives for Zambia and the inauguration Sunday of a new economic partnership zone in Zambia's Copperbelt province, which has become a key source of copper for China's growing economy.
(AP Photo/Joseph J. Schatz) (Joseph J. Schatz - AP)
PHOTOS

Zambian Finance Minister Ng'andu Magande told the Associated Press Hu's visit was "one of the most successful visits by a foreign head of state."

Other donors, he said, have political agendas.
"People come here and talk about U.N. reform and conflict zones," he said.
"China has decided they will take a different route, they will take an economic route."

China has gained a reputation for striking deals with African nations without demanding political reforms _ such as respect for human rights _ sought by Western donors.

But Chinese investments have led to accusations of exploitation in Zambia, a nation of 11.5 million in southern Africa.

Zambian President Levy Mwanawasa was all smiles Sunday as he and Hu launched an economic partnership zone centered around the Chambishi copper mine in Zambia's Copperbelt Province.

The partnership is designed to draw $800 million in mining investment from scores of Chinese companies and
create 60,000 jobs.

China already has poured hundreds of millions of dollars into Zambia's copper sector, which accounts for 60 percent of the country's exports.

Addressing a crowd that included Chinese managers and Zambian miners in orange suits and red helmets, Hu and Mwanawasa said the new economic zone would be the first of several around the continent.

The walls and stage at a local conference center where the event was held were festooned in red, featuring a huge sign reading "Hail to Sino-Africa New-Type Strategic Partnership," red banners in Chinese lettering, and a huge map of the proposed economic zone.
Zambian and Chinese dance troupes performed outside.

A member of the Chinese delegation cued the audience when
to applaud.

Mwanawasa said the zone would "change the face of the Copperbelt and, indeed, the Zambian economy in that our
raw materials will now have chance to enjoy value addition
of unimagined proportions."

Mwanawasa sounded one cautious note, however, asking Chinese investors to partner with local Zambian firms and to give priority to local suppliers for goods and services.

Since the late 1990s, Chinese investments in the southern African nation have soared and now total $500 million _ the third largest after those of South Africa and Britain.

http://www.washingtonpost.com/wp-dyn/content/article/2007/02/04/AR2007020400536.html

http://www.investorshub.com/boards/board.asp?board_id=7060

http://www.investorshub.com/boards/board.asp?board_id=5294

http://www.siliconinvestor.com/subject.aspx?subjectid=57062

http://www.siliconinvestor.com/subject.aspx?subjectid=9975

Canadian Arrow Mines Ltd. - News -
V.CRO -

Kenbridge Nickel Mines Properties, Ontario, Canada -

Kenbridge Mine Headframe -

Tue, Apr 17, 2007 12:30 PM
Canadian Arrow Mines closes previously announced
"bought deal" financing -
Canada NewsWire

Mon, Apr 16, 2007 9:00 AM
Canadian Arrow reorganizes management group
and appoints new President -
Canada NewsWire

Wed, Apr 11, 2007 1:00 AM
Canadian Arrow Initiates Phase One Drilling -
on the Kenbridge Deposit -
Canada NewsWire

http://www.investorshub.com/boards/quotes.asp?ticker=v.cro

http://www.investorshub.com/boards/board.asp?board_id=7957

http://www.siliconinvestor.com/subject.aspx?subjectid=57084

http://www.siliconinvestor.com/quote.aspx?ticker=v.cro&qm_page=83101&qm_symbol=V.CRO

Frick I was looking at this at $3.50, the deal is priced at $4.88 trading at $4.50 now... wanna make 8% return?

Some big blocks getting moved - wow!

Dynatec board recommends approval of Sherritt takeover

2007-04-20 06:45 MT - News Release

Mr. Bruce Walter reports

SHERRITT TO ACQUIRE DYNATEC

Under a plan of arrangement, Sherritt International Corp. will acquire all of the issued and outstanding common shares of Dynatec Corp. for a total value of $1.6-billion.

Under the proposed transaction, Dynatec shareholders will receive 0.190 of a Sherritt common share and approximately 0.0635 of an FNX Mining Company Inc. (TSX: FNX) common share, which are currently owned by Dynatec, for each Dynatec common share held. Based on yesterday's respective Toronto Stock Exchange closing prices of $17.15 for Sherritt and $25.46 for FNX, the consideration is valued at $4.88 per Dynatec common share. The consideration represents a premium of 29 per cent to Dynatec's closing share price on April 19, 2007, or a 39-per-cent premium based on the 20-day volume weighted average share prices for the three companies from that date.

Sherritt and Dynatec have entered into a combination agreement pursuant to which the board of directors of Dynatec has unanimously agreed to support the proposed transaction and recommends that Dynatec shareholders vote in favour of it. Management and directors of Dynatec have entered into support agreements with Sherritt under which they have agreed to vote 20.2 million common voting shares, representing a 6.4-per-cent interest in Dynatec, in favour of the transaction.

Jowdat Waheed, president and chief executive officer of Sherritt, said: "This is an important step in the growth strategy of our metals division, enabling us to become a premier, globally diversified lateritic nickel producer based in Canada. The Ambatovy nickel project enhances our already strong metals operating platform, from which we will be able to meet demand in a growing market."

Bruce V. Walter, president and chief executive officer of Dynatec, added: "This transaction provides an immediate and attractive premium to Dynatec's shareholders. It also affords them an opportunity to participate in an exciting, diversified growth company through their investment in Sherritt, and to have greater exposure to the strong nickel price environment. In addition, the combination of our companies' strengths will benefit the Ambatovy project as it moves forward with development. Our shareholders will also continue to participate in the significant value potential of the Sudbury basin through a direct interest in FNX."

Concurrent with this transaction, an agreement was entered into with FNX, whereby FNX has been granted a right, subject to closing of the transaction, to purchase Dynatec's mining services division from Sherritt for cash at a price based upon independent assessments of value. FNX has stated its current intent to exercise this right upon closing of the transaction.

Successful completion of the transaction will strengthen Sherritt Metals' position in the global nickel market. Sherritt Metals' operating experience at its existing lateritic nickel mine and processing facility, and its continuing metals expansion project, will result in significant capital build-out, operating and knowledge-transfer synergies.

Ambatovy's estimated reserve life of 27 years combined with Sherritt's existing metals operations, with reserves of approximately 25 years, positions Sherritt with leading long-life nickel assets. Long-term gross annual production from the combined company's operating mines is expected to be 109,000 tonnes of nickel and 10,600 tonnes of cobalt (net interest to Sherritt of approximately 49,000 and 4,740 tonnes of nickel and cobalt, respectively).

The transaction will be completed by way of a court-approved plan of arrangement, whereby each Dynatec common share will be exchanged for 0.190 of a Sherritt common share and approximately 0.0635 of an FNX common share. Sherritt will continue to trade on the Toronto Stock Exchange, under the symbol S.

The board of directors of Dynatec, having received the unanimous recommendation of a special committee of independent directors, is recommending that holders of Dynatec common shares vote in favour of the transaction. Dynatec's financial advisers have provided an opinion to the special committee that the consideration to be offered to Dynatec shareholders pursuant to the plan of arrangement is fair, from a financial point of view, to the holders of common shares of Dynatec.

The transaction is subject to all requisite regulatory and court approvals, third party consents, and other conditions customary to transactions of this nature. The combination must be approved by at least 66-2/3 per cent of the votes cast by shareholders of Dynatec at a meeting of holders of common shares. The information circular for shareholders is expected to be mailed shortly. The shareholder meeting is expected to be held in early June with the transaction anticipated to close shortly thereafter.

The combination agreement between Dynatec and Sherritt provides for, among other things, a non-solicitation covenant on the part of Dynatec, subject to customary "fiduciary out" provisions that entitle Dynatec to consider and accept a superior proposal; a right in favour of Sherritt to match any superior proposal; and the payment to Sherritt of a termination payment of approximately $46-million if, among other things, the acquisition is not completed as a result of a superior proposal.

No Sherritt shares will be issued to U.S. persons. Instead a mechanism will be established pursuant to which Sherritt shares otherwise issuable to U.S. persons will be issued to a trustee, which will sell such shares in the market and remit the proceeds (net of selling expenses and applicable withholding) to such holders.

Sherritt's financial and legal advisers are National Bank Financial Inc. and Torys LLP, respectively. Dynatec's financial and legal advisers are Merrill Lynch Canada Inc. and GMP Securities LP, and Davies Ward Phillips & Vineberg LLP and Aird & Berlis LLP, respectively.

Conference call and webcast information

The investment community is invited to participate in the conference call and webcast as follows:

April 20, 2007, at 10 a.m. EDT
Toll-free: 1-800-732-0232
International: 1-416-644-3415

The live webcast can be accessed by visiting the company's website.

The conference call will be available for replay until May 18, 2007, by calling 1-877-289-8525 for North American callers and 1-416-640-1917 for international callers, pin No. 21227995 followed by the number sign. The archival webcast of the presentation can be accessed via the Internet by visiting the company's website.

GOLDEN GOOSE RESOURCES (GGR:TSX-V)(GGOSF:OTO )

GGR told You so - 8.88 next stop -

try to catch me -

Golden Goose Resources Inc. -
intersects 17.5 metres -
grading 1.48% nickel at its Lac Levac Property -
and stakes 92 additional claims -
Imo. Tia.

http://app.quotemedia.com/quotetools/popups/story.jsp

http://www.investorshub.com/boards/board.asp?board_id=6958

http://www.siliconinvestor.com/subject.aspx?subjectid=57034

Great Western Minerals Group Ltd.: Nickel-Cobalt Property Acquisition-Expanded Disclosure
Friday April 20, 11:03 am ET

SASKATOON, SASKATCHEWAN--(MARKET WIRE)--Apr 20, 2007 -- Great Western Minerals Group Ltd. (CDNX:GWG.V - News) (Other OTC:GWMGF.PK - News):

At the request of Market Regulation Services the Company offers the following expanded disclosure to the April 17th news release announcing the acquisition, through staking, of a 100% interest in an advanced-stage, nickel-cobalt-magnesium project in the western USA. Currently 150 claims cover 3 areas of known nickel-laterite mineralization.

The property was the subject of a "Phase I Feasibility Study" completed by Davy McKee Corporation, a well-known construction and consulting firm, in 1986. The study was based on 124 drill holes completed between 1964 and 1972 and 36 back-hoe test pits dug and sampled in 1981.

The study, which is not NI 43-101 compliant, and as such a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, was based on a 2,500 ton per day mining operation and concluded that the project was feasible, generating a 20.6% return on investment with a 5-year payback on an initial capital cost of US$258 million.

The study estimated an in-situ tonnage of 27,168,290 tons of lateritic material from the 3 bodies, grading 1.0% nickel, 0.13% cobalt and 8.2% magnesium. Pricing used for the study was US$1.82 per pound nickel, US$11.00 per pound cobalt and US$1.50 per pound magnesium. The study reported that it was metallurgically and economically viable to recover all 3 metals and recommended proceeding to a "Phase II Feasibility Study" which would include a pilot plant and detailed engineering sufficient to produce a "bankable" document suitable for a production decision and financing purposes. The Company is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. The results are provided here as historic information only.

Geologically, the laterite is exposed at surface and ranges between 5 and 95 feet in depth (2-30 metres).

"This fits in well with our mine-to-market business model involving strategic metals in North America", says Jim Engdahl, President. "Many of the same technologies that use the rare earth elements, like we are developing at our Hoidas Lake project in Saskatchewan, also require nickel and cobalt. And any time you can acquire a property with this much work already completed and documented, situated in North America, is potentially a tremendous asset." Adds Mr. Engdahl, "With nickel prices 10 times what they were when the Davy McKee study was done, and cobalt more than double in value, we are anxious to bring the project up to speed in terms of current standards and see what the new economics look like."

Now called the Crescent Project, the Company has completed digitizing all the historic data in its possession to facilitate preparation of an initial NI 43-101 compliant report on the project. The results reported above are not current, are no longer valid and should not be relied upon. The Company is treating the historical estimate as just that-a historical resource.

Gary L. Billingsley, P.Eng., P.Geo. is the Qualified Person responsible for the project and has reviewed this release.

Great Western Minerals Group Ltd., is a Canadian based company exploring for, and developing, strategic metal resources in North America. Pursuing a vertically-integrated business model, the Company's wholly-owned subsidiary Great Western Technologies Inc., located in Troy, Michigan, produces a variety of specialty alloys for use in the battery, magnet and aerospace industries. These "designer" alloys include those containing nickel, cobalt and the rare earth elements.

Jim Engdahl, President

CUSIP 3914Y 10

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

Contact:
Contacts:
Great Western Minerals Group Ltd.
Gord Dent
Manager of Investor Relations
(306) 668-0701
Email: info@gwmg.ca
Website: http://www.gwmg.ca

Great Western Minerals Group Ltd.
226 Cardinal Crescent, Saskatoon, SK S7L 6H8

Source: Great Western Minerals Group Ltd.

http://biz.yahoo.com/iw/070420/0241829.html

Cobalt $3,689,395,240.00 (billion) - excl. Cu, Ni, PMG, PM etc.? -

WALL STREET - Interview With: Stefan Hayden -
President and CEO -
A must listen -




WALL STREET REPORTER PRESENTS -




http://www.wallstreetreporter.com/profile.php?id=23803

CALVF Cobalt $3,689,395,240.00 (billion) - excl. Cu? -
one of the worlds largest Copper belt Cu property - you excl.
and still get $3.7 billions only for Cobalt ore-values? -

well, Goldy is it real? -
what else is excluded? -

Is only 2 deposits drilled only 150m down?
and still get $3.7 billions in ore-value? -
only for Cobalts? -

so who will calculate the Copper, Nickel PMG's PM's etc. ore-values?

Is it still another 10 - 11 deposits discovered -
which need to be drilled? -

Caledonia Announces Additional Resource at Nama Cobalt Project
in Zambia -

Caledonia Mining Corporation -
("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased
to announce that an additional Indicated Resource has -
been identified at the Anomaly "C" area on -
the Nama Cobalt and Copper Project in Zambia.

Nama -


http://www.caledoniamining.com/nam1.php


Caledonia is the 100% owner of the Nama Project, which
covers a number of polymetallic oxide deposits
containing cobalt and copper, located on the
northwestern flank of the Zambia Copperbelt.

Resources

This new estimate which is in addition to the resource
reported in Caledonia's Press Release of March 19, 2007,
has identified a potentially economic resource of cobalt
with lesser quantities of copper and nickel in
the Anomaly "C" area.

The resource lies within four blocks within the target area
to a depth of 150 meters, the full depth extent of which
has not yet been determined.

The evaluation is based on 73 drill holes collared on
13 section lines.
The maximum hole spacing is 300 meters.

Indicated Resources at Anomaly "C"

---------------------------------------------------------
Resource blocks
in Anomaly C Tonnes % Co % Cu % Ni
---------------------------------------------------------
Block C3 41,637,000 0.0505 0.0173 0.0195
---------------------------------------------------------
Block C2 North 526,000 0.0245 0.0134 0.0126
---------------------------------------------------------
Block C2 South 32,511,000 0.0350 0.0053 0.0180
---------------------------------------------------------
Block C1 3,544,000 0.0261 0.0029 0.0131
---------------------------------------------------------
Totals 78,218,000 0.043 0.012 0.019
---------------------------------------------------------


The estimate was prepared by Mr. David Grant BSc, MSc,
Pr Sci Nat, CGEOL, FGS, FGSSA, FSAIMM who is
the Independent Qualified Person for the purposes
of Canadian securities regulations for the Nama project.
Mr. Grant was following-up on a recommendation made in
his Technical Report for the Anomaly "A" resource,
which can be viewed at
http://www.caledoniamining.com/technical.php

Indicated Resources at Anomaly "A" (as reported March 19, 2007)

-----------------------------------------------------------
Resource blocks
in Anomaly A Tonnes % Co % Cu % Ni
-----------------------------------------------------------
Block A1 9,139,000 0.0446 0.1028 0.0133
-----------------------------------------------------------
Block A2 11,366,000 0.0613 0.0288 0.0067
-----------------------------------------------------------
Block A3 4,305,000 0.0490 0.0730 0.0309
-----------------------------------------------------------
Block A4 18,846,000 0.0572 0.1463 0.0086
-----------------------------------------------------------
Totals 43,656,000 0.055 0.099 0.011
-----------------------------------------------------------



Combined Indicated Resources at Anomalies "A" and "C"

----------------------------------------------------------
Anomaly Tonnes % Co % Cu % Ni
----------------------------------------------------------
Anomaly "A" 43,656,000 0.055 0.099 0.011
----------------------------------------------------------
Anomaly "C" 78,218,000 0.043 0.012 0.019
----------------------------------------------------------
Totals 121,874,000 0.047 0.043 0.016
----------------------------------------------------------
All estimates where prepared at a 0.02% cobalt cut-off


Additional Potential -

As previously reported 16 cobalt anomalies in total have
been identified in the Nama Project area of which 5 have
been explored to varying extents.
As a priority a drilling program to investigate the
extensions to Anomaly "A", in addition to
Anomalies "C" and "D" is currently being considered
with a view to defining an additional resource
in the near future.

The remaining 11 anomalies, with similar potential to
above anomalies, all require follow-up drilling and
geological field programs.

Technical Report

As required by Canadian regulations a Technical Report,
compliant with National Instrument (NI) 43-101 specifications,
is being prepared by Mr. Grant to define the Resources
of both Anomaly "A" and Anomaly "C" at
the Nama Cobalt Project.
This report will be filed on SEDAR and on
the Caledonia website within forty-five days
of this press release.

Further information regarding Caledonia's exploration
activities and operations along with its latest financials
may be found at
www.caledoniamining.com.

Certain statements included herein are "forward-looking
statements"----discussed in documents filed by the Company
with the various regulatory authorities having jurisdiction.

Contacts:
Caledonia Mining
Stefan Hayden
President and CEO
+27 11 447 2499
Website:
www.caledoniamining.com

buck-bias
Alex Buck / Nick Bias
+44 7932 740 452


Source: Market Wire (April 16, 2007 - 9:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

http://app.quotemedia.com/quotetools/popups/story.jsp

RE:
BOB - I excluded the copper in my calculations as I
figured that could pay for the operating costs.


Anomaly C 67,268,000 pounds @ $32.00 p/pound = $2,152,576,000
Anomaly A 48,022,000 pounds @ $32.00 p/pound = $1,536,704,000

Total 1,152,900,000 pounds @ $32.00 p/pound = $3,689,395,240

mmmm, market cap $67 million something tells me
this is slightly undervalued.


http://www.investorshub.com/boards/board.asp?board_id=7060

http://www.investorshub.com/boards/board.asp?board_id=5294

http://www.siliconinvestor.com/subject.aspx?subjectid=57062

http://www.siliconinvestor.com/subject.aspx?subjectid=9975

Great Western Minerals Group Ltd. Nickel-Cobalt Added to Strategic Metal Portfolio
Tuesday April 17, 11:01 am ET

SASKATOON, SASKATCHEWAN--(MARKET WIRE)--Apr 17, 2007 -- Great Western Minerals Group Ltd. (CDNX:GWG.V - News)(Other OTC:GWMGF.PK - News): The Company is pleased to report that it has acquired, through staking, a 100% interest in an advanced-stage, nickel-cobalt-magnesium project in the western USA. Currently 150 claims cover 3 areas of known nickel-laterite mineralization.

The property was the subject of a "Phase I Feasibility Study" completed by Davy McKee Corporation, a well-known construction and consulting firm, in 1986. The study was based on 124 drill holes completed between 1964 and 1972 and 36 back-hoe test pits dug and sampled in 1981.

The study, which is NOT NI 43-101 compliant, and the results, provided here as historic information only was based on a 2,500 ton per day mining operation and concluded that the project was feasible generating a 20.6% return on investment with a 5-year payback on an initial capital cost of US$258 million.

The study estimated an in-situ tonnage of 27,168,290 tons of lateritic material from the 3 bodies, grading 1.0% nickel, 0.13% cobalt and 8.2% magnesium. Pricing used for the study was US$1.82 per pound nickel, US$11.00 per pound cobalt and US$1.50 per pound magnesium. The study reported that it was metallurgically and economically viable to recover all 3 metals and recommended proceeding to a "Phase II Feasibility Study" which would include a pilot plant and detailed engineering sufficient to produce a "bankable" document suitable for a production decision and financing purposes.

Geologically, the laterite is exposed at surface and ranges between 5 and 95 feet in depth (2-30 metres). The material does not require blasting and can be mined by ripping, bulldozing, screening and crushing.

"This fits in well with our mine-to-market business model involving strategic metals in North America", says Jim Engdahl, President. "Many of the same technologies that use the rare earth elements, like we are developing at our Hoidas Lake project in Saskatchewan, also require nickel and cobalt. And any time you can acquire a potential resource with this much work already completed and documented, situated in North America, is potentially a tremendous asset." Adds Mr. Engdahl, "With nickel prices 10 times what they were when the Davy McKee study was done, and cobalt more than triple in value, we are anxious to bring the project up to speed in terms of current standards and see what the new economics look like."

Now called the Crescent Project, the Company has completed digitizing all the historic data in its possession to facilitate preparation of an initial NI 43-101 compliant report on the project.

Great Western Minerals Group Ltd., is a Canadian based company exploring for, and developing, strategic metal resources in North America. Pursuing a vertically-integrated business model, the Company's wholly-owned subsidiary Great Western Technologies Inc., located in Troy, Michigan, produces a variety of specialty alloys for use in the battery, magnet and aerospace industries. These "designer" alloys include those containing nickel, cobalt and the rare earth elements.

Jim Engdahl, President

CUSIP 3914Y 10

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

Contact:
Contacts:
Great Western Minerals Group Ltd.
Gord Dent
Manager of Investor Relations
(306) 668-0701
Email: info@gwmg.ca
Website: http://www.gwmg.ca

Great Western Minerals Group Ltd.
226 Cardinal Crescent, Saskatoon, SK S7L 6H8


Source: Great Western Minerals Group Ltd.

http://biz.yahoo.com/iw/070417/0239909.html

To 'dendiamonds' on 'Nickel & Cobalt' -

RE: Franklin; FMNJ - Cerro Rico, Potosi,
the world largest and richest Silver Mine etc. -

I think the Elite-cont. want Franklin Mining, FMNJ -

http://www.investorshub.com/boards/board.asp?board_id=5406

http://www.investorshub.com/boards/read_msg.asp?message_id=18430659

http://www.investorshub.com/boards/read_msg.asp?message_id=18799949
Imo. Tia.

No comments on FMNJ BOB

Cobalt GMC.V does not seem widely known but bought on upswing of PR. Any one here have it ? Comments ? Thanks All.

A head's up from mimur on SI

Globestar Mining Corp (C-GMI) - In the News

NP says get Globestar into your portfolio's orbit

2007-03-30 07:27 ET - In the News
Shares issued 77,734,046
GMI Close 2007-03-29 C$ 1.54

The National Post reports in its Friday, March 30, edition that AGF Fund portfolio managers Charles Oliver and Jamie Horvat are bullish on base metals. The Post's Sonita Horvitch writes that Mr. Oliver and Mr. Horvat believe "global economic growth remains intact and the supply/ demand equation for key commodities remains favourable." The two managers see potential in Globestar Mining. Globestar is a diversified small-cap base- and precious-metals producer. Globestar keeps its headquarters in Toronto. Globestar's lead project is the fully permitted Cerro de Maimon copper-gold project in the Dominican Republic. Expectations are for it to be in production in late 2008. The big upside in this stock, Mr. Horvat says, is Globestar's 38,000 hectares of nickel concessions in the Dominican Republic that are adjacent to a producing mine. Globestar stock gave back three cents to finish on the Toronto Stock Exchange Thursday at $1.54. The stock has a 52-week trading range of $1.85 to 67 cents. Mr. Oliver says gold is in its own category. He says, "It is increasingly being seen as an important store of value. He feels bullion could reach $1,000 per ounce over the next three years.

Lundin says buy Geovic for Nkamouna economics


2007-04-04 20:25 MT - In the News

Brien Lundin, in the March, 2007, edition of the Gold Newsletter, says buy Geovic Mining Corp., recently $2.20, because of the economics of its Nkamouna deposit in Cameroon. Mr. Lundin has never before recommended this company. Geovic has a 1,250-kilometre piece of land in Cameroon with seven cobalt-nickel occurrences. Mr. Lundin says these conducters represent the world's largest primary resource in cobalt. Nkamouna, the most advanced of these occurrences, has impressive economics, he says. A prefeasibility study last year projected the deposit could produce, based on three-year average of metal prices, a 10-per-cent discounted NPV of $529-million (U.S.) and an IRR of 78 per cent. The study suggests Nkamouna can hit a production rate of 4,000 tonnes per year of cobalt and 3,000 tonnes per year of nickel. A final feasibility study is due out in July, with production scheduled to start in July, 2009. The Cameroon government seems to approve of the project and timetable, so Mr. Lundin fully expects the project get the green light. Mr. Lundin further discloses that he owns this stock through a private placement. However, most of his shares are restricted for some time, and he has been looking for a price weakness before recommending.

Globe says nickel is golden for GGL Diamonds


2007-04-09 03:36 MT - In the News

The Globe and Mail reports in its Friday edition that nickel plays are hot. The Globe's David Parkinson writes that GGL Diamonds said last week it had inadvertently stumbled on a nickel deposit while looking for diamonds in the Northwest Territories. GGL said its find could be "the first new nickel area discovered in Canada since Voisey's Bay." The Globe says GGL has staked claims on land covering hundreds of square kilometres surrounding its find. GGL's stock closed last Tuesday at 13 cents. Wednesday the stock soared to a two-year intraday high of $1.50 before finishing at 83 cents. It closed Thursday at 72 cents. In the last two trading days of last week nearly 90 million shares traded hands. The Globe cites an unnamed analyst who says GGL's test sample hardly screams the discovery of a major nickel find. "I think this is total exuberance," says the analyst. "The assay result is actually pretty poor." Desjardins Securities analyst John Redstone says the nickel supply is tight. He says, "Anybody who finds anything, there's going to be interest in them." Canaccord Adams analyst Orest Wowkowday says, "Anything with a nickel name on it now, the Street and investors are going to throw money at you."

Is there any interest here in Geovic ? Bought last week; only wish I had known about it in January. Plenty of cobalt, nickel etc. Check site.

is that new?

Caledonia - CALVF 4QR Net Income $3,840,000.00 Millions -

CALEDONIA MINING CORP - Blanket Gold Mine -


TORONTO, ONTARIO--(CCNMatthews - April 2, 2007) -

Caledonia Mining Corporation -
("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce
its fourth quarter and 2006 annual operating and financial results.

The financial results below are reported in thousands of Canadian
dollars, except where otherwise stated.

Financial Highlights -

-----------------------------------------------------------------------
Q4 '06 Q4 '05 2006 2005
-----------------------------------------------------------------------
Total Revenue 9,200 453 16,559 2,642
-----------------------------------------------------------------------
Revenue - continuing operations 9,045 4 13,586 6
-----------------------------------------------------------------------
Operating costs - continuing 5,951 587 8,661 757
operations
-----------------------------------------------------------------------
Gross Income(loss) - continuing 3,094 (583) 4,925 (751)
operations
-----------------------------------------------------------------------
Net Income(loss) - continuing 3,840 (313) 2,315 (3,748)
operations
-----------------------------------------------------------------------
(Loss) - discontinued operations (1,282) (1,741) (7,990) (5,932)
-----------------------------------------------------------------------
Net Income(loss) for the period 2,558 (2,054) (5,675) (9,680)
-----------------------------------------------------------------------
Net Income(loss) per share (basic &
fully diluted) - continuing
operations $0.008 ($0.001) $0.005 ($0.012)
-----------------------------------------------------------------------
Net Income (loss) per share (basic $0.006 ($0.006) ($0.013) ($0.031)
& fully diluted)
-----------------------------------------------------------------------
Cash in continuing operations 1,252 2,004 1,252 2,004
-----------------------------------------------------------------------
Total Assets 31,456 22,338 31,456 22,338
-----------------------------------------------------------------------


For the year ended December 31, 2006,
Caledonia recorded a gross income from continuing operations
of $4.9 million, revenues of $13.6 million,
and a net income after tax of $2,3 million.

Included in the income is a foreign exchange gain of
$0.1 million.

Cash available at year end totaled $1.252
million (from continuing operations).

During 2006, $7.55 million was raised from private placements
and the exercise of warrants, of which $3.5million was invested
in Capital assets and mineral properties, mainly in South Africa.

Commenting on the results, Stefan Hayden, President and CEO, said
"I am pleased to report a significant increase in our net income,
after tax.
Our fourth quarter was particularly strong, with net income of
$3.8 million, or $0.008 per basic and fully diluted share,
from revenues of $9.2 million, demonstrating a
healthy 41% profit margin.

The stronger financial performance this year is due to
the acquisition of the Blanket Mine in June 2006.

Blanket Gold Mines -
produced 12,437 ounces of Gold for the period of July
to December 2006.

We are busy with the expansion project to No.4 shaft
and the mill, which we anticipate will be completed
during the fourth quarter 2007,
which has been designed to increase Blanket's gold production
from 25,000 to 40,000 ounces a year.

As we have mentioned before, our other gold assets,
the Barbrook and Eersteling mines are on care and maintenance,
and the short listed purchasers are now proceeding
with their respective due diligence exercises.

Our focus during 2007 will be the completion of
the Blanket expansion,
and rapidly progressing our
Nama Cobalt/Copper project
after the completion of the metallurgical test work
currently underway."

The Annual Report including the MD&A for 2006
will be available on SEDAR and on the Caledonia website
at www.caledoniamining.com on April 2, 2007.

The conference call is scheduled for Wednesday April 4, 2007
at 10:30 hours (EST)
Conference ID: 9535356
Dial-in number: 416-343-4294 (local)
Toll-free Dial-in number: 800-9011-2810 (International)
Toll-free Dial-in number: 1-866-862-7809 (Canada/US)


Further information regarding Caledonia's
exploration activities and operations
along with its latest financials may be found at
www.caledoniamining.com.


FOR FURTHER INFORMATION PLEASE CONTACT:

Caledonia Mining
Stefan Hayden
President & CEO
+27 11 447 2499


Website:
www.caledoniamining.com

buck-bias
Alex Buck/Nick Bias
+44 7932 740 452


http://app.quotemedia.com/quotetools/popups/story.jsp
----

RE: Nama Cobalt / Copper project -

Well, 53 million pounds of cobalt at $32.00 per pound -

Equals $1,696,000,000.00 Billion Gross Revenue -

Plus Copper & PM's Gold values etc. -

Caledonia Mining - CALVF / T.CAL -

from shallow drilling and exploration -
to only 200m deth -
its remain open to depth -
and other directions -
http://app.quotemedia.com/quotetools/popups/story.jsp

it is also 11 more large anomalies on the large property -
with no exploration yet -
with similar potential -
to the above anomalies -
an with more follow-up drilling -
and geological field programs -

it may very well become the largest Cobalt deposit -
in the world -
as the CALVF CEO stated -

this is a very large mining property -
within one of the richest copper belts -
in the world -



http://www.caledoniamining.com/nam1.php

http://www.investorshub.com/boards/board.asp?board_id=5294

http://www.siliconinvestor.com/readmsg.aspx?msgid=23423965

http://www.caledoniamining.com/index.php
From another CALVF forum.

Caledonia Mining Announces Its Fourth Quarter and 2006 Annual Results
http://biz.yahoo.com/iw/070402/0234066.html
Monday April 2, 3:24 pm ET

TORONTO, ONTARIO--(MARKET WIRE)--Apr 2, 2007 -- Caledonia Mining Corporation ("Caledonia") (Toronto:CAL.TO - News)(OTC BB:CALVF.OB - News)(AIM: CMCL) is pleased to announce its fourth quarter and 2006 annual operating and financial results.

The financial results below are reported in thousands of Canadian dollars, except where otherwise stated.

Financial Highlights



-----------------------------------------------------------------------
Q4 '06 Q4 '05 2006 2005
-----------------------------------------------------------------------
Total Revenue 9,200 453 16,559 2,642
-----------------------------------------------------------------------
Revenue - continuing operations 9,045 4 13,586 6
-----------------------------------------------------------------------
Operating costs - continuing 5,951 587 8,661 757
operations
-----------------------------------------------------------------------
Gross Income(loss) - continuing 3,094 (583) 4,925 (751)
operations
-----------------------------------------------------------------------
Net Income(loss) - continuing 3,840 (313) 2,315 (3,748)
operations
-----------------------------------------------------------------------
(Loss) - discontinued operations (1,282) (1,741) (7,990) (5,932)
-----------------------------------------------------------------------
Net Income(loss) for the period 2,558 (2,054) (5,675) (9,680)
-----------------------------------------------------------------------
Net Income(loss) per share (basic &
fully diluted) - continuing
operations $0.008 ($0.001) $0.005 ($0.012)
-----------------------------------------------------------------------
Net Income (loss) per share (basic $0.006 ($0.006) ($0.013) ($0.031)
& fully diluted)
-----------------------------------------------------------------------
Cash in continuing operations 1,252 2,004 1,252 2,004
-----------------------------------------------------------------------
Total Assets 31,456 22,338 31,456 22,338
-----------------------------------------------------------------------

ADVERTISEMENT
For the year ended December 31, 2006, Caledonia recorded a gross income from continuing operations of $4.9 million, revenues of $13.6 million, and a net income after tax of $2,3 million. Included in the income is a foreign exchange gain of $0.1 million. The basic net income per fully diluted share for the continuing operations is $0.005. Cash available at year end totaled $1.252 million (from continuing operations).

During 2006, $7.55 million was raised from private placements and the exercise of warrants, of which $3.5million was invested in Capital assets and mineral properties, mainly in South Africa.

Commenting on the results, Stefan Hayden, President and CEO, said "I am pleased to report a significant increase in our net income, after tax. Our fourth quarter was particularly strong, with net income of $3.8 million, or $0.008 per basic and fully diluted share, from revenues of $9.2 million, demonstrating a healthy 41% profit margin.

The stronger financial performance this year is due to the acquisition of the Blanket Mine in June 2006. Blanket produced 12,437 ounces of gold for the period of July to December 2006. We are busy with the expansion project to No.4 shaft and the mill, which we anticipate will be completed during the fourth quarter 2007, which has been designed to increase Blanket's gold production from 25,000 to 40,000 ounces a year.

As we have mentioned before, our other gold assets, the Barbrook and Eersteling mines are on care and maintenance, and the short listed purchasers are now proceeding with their respective due diligence exercises.

Our focus during 2007 will be the completion of the Blanket expansion, and rapidly progressing our Nama Cobalt/Copper project after the completion of the metallurgical test work currently underway."

The Annual Report including the MD&A for 2006 will be available on SEDAR and on the Caledonia website at www.caledoniamining.com on April 2, 2007.

Well, 53 million pounds of cobalt at $32.00 per pound -

Equals $1,696,000,000.00 Gross Revenue

Plus copper values etc. -

Caledonia Mining - CALVF / T.CAL -

from shallow drilling and exploration -
to only 200m deth -
its remain open to depth -
and other directions -
http://app.quotemedia.com/quotetools/popups/story.jsp

it is also 11 more large anomalies on the large property -
with no exploration yet -
with similar potential -
to the above anomalies -
an with more follow-up drilling -
and geological field programs -

it may very well become the largest Cobalt deposit -
in the world -
as the CEO stated -

this is a very large mining property -
within one of the richest copper belts -
in the world -



http://www.caledoniamining.com/nam1.php

http://www.investorshub.com/boards/board.asp?board_id=5294

http://www.caledoniamining.com/index.php