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TNR Gold Rejects Third Party Proposal And Provides Los Azules Update TNR.v, MUX







TNR Gold: Los Azules Litigation: Time May Be Ripe for Copper M&A to Flourish TNR.v, MUX


“We will address all interested parties to the web-cast of yesterday’s Conference Call with McEwen Mining:


  Here we will provide some additional public information on Los Azules litigation, so that you can have the full picture and decide why McEwen Mining is so worried, why now and what actually they are talking about:

Rob McEwen:

“We are blessed with having a number of world class properties, properties of long life and such size that  they are of interest to the large number of players - particularly, Los Azules Copper project, where we have encouragement in drilling this year. We have discussions about partial or full sale of this  property, which could provide some or all of the funding we need to carry on our business. These discussions have been going on for a while now, but we will certainly step up that tempo…”


Answering one of the questions, whether McEwen Mining has to wait until the end of the litigation or  sell only part of the property Rob McEwen said: “It will be the sale of all property and it does not have to wait the end of the litigation.”

  In the end of the conference call TNR Gold litigation is mentioned with the Merger Offer proposal from unnamed party and Rob McEwen has pointed, as usual, to the TNR Gold share price - this attention to the junior market is also very interesting in light of the all recent developments.
  Timing of a very fortunate Sales of McEwen Mining shares by Former CEO of Minera Andes Mr Allen Ambrose becomes particularly interesting in light of all recent warnings for McEwen Mining shareholders about “Argentina Situation”.


   You can find more information about emails of Mr Allen Ambrose presented as evidence in public court documents of Los Azules litigation below.”


TNR Gold Receives Third Party Proposal and Provides Los Azules Project Update TNR.v


“Kirill Klip, Chairman of TNR commented that: “The Los Azules project is considered to represent one of the largest undeveloped copper projects in the world but the current legal uncertainty over its legal ownership is detracting from the value of the project for shareholders of both TNR and McEwen Mining. The third party proposal which we have received to purchase TNR, together with the fact that McEwen Mining has decided to limit its drilling activity to non-disputed mineral claims only are further validation of the value of TNR, its title claims and its prospects for success in the upcoming Los Azules litigation.”



TNR GOLD REJECTS THIRD PARTY PROPOSAL AND PROVIDES LOS AZULES UPDATE

May 28, 2012.
Vancouver B.C.: TNR Gold Corp. (the “Company”). As previously announced on May 11, 2012, the Company received an unsolicited proposal from a third party to merge with TNR and to acquire TNR’s wholly owned subsidiary Compania Miera Solitario Argentina S.A. (“Solitario”).

In response, the Board of Directors of the Company considered the proposal and pursued discussions with the third party.  In these discussions, TNR did not receive sufficiently enhanced terms such as would justify entering into exclusive discussions with the third party. Accordingly, the proposal was rejected and discussions with the third party have terminated.

Kirill Klip, Chairman of TNR commented that: “Although the price being proposed for the Company was materially higher than TNR’s current trading price, in our view it fell far short of reflecting the value of the Company and, in particular, the value of the Company’s claims in the current Los Azules litigation with Minera Andes Inc.”

The Los Azules litigation involves a challenge by TNR and Solitario against MIM Argentina Exploraciones S.A., and Minera Andes Inc., an indirect subsidiary of McEwen Mining Inc. (“McEwen”) over title to the mineral properties constituting the northern half of the Los Azules project (the “Solitario Properties”). TNR is seeking return to it of a 100% interest in the Solitario Properties or damages, and in the alternative, recognition of TNR’s right to back-in to a 25% interest in the properties; together with recognition of TNR’s 100% ownership in the related Escorpio IV property. A trial in the Courts of British Columbia is set to commence in November, 2012 and last for approximately six weeks.

Mr. Klip stated that: “The Los Azules project is considered to represent one of the largest undeveloped copper projects in the world but the current uncertainty over its legal ownership is detracting from the value of the project for shareholders of both TNR and McEwen.”  The Los Azules project is located in western San Juan Province within a belt of porphyry copper deposits that straddles the Chilean/Argentine border.  This belt contains some of the world’s largest copper deposits, including Codelco’s El Teniente and Andina mines, Anglo American’s Los Bronces mine, Antofagasta PLC’s Los Pelambres mine and Xstrata’s El Pachon project, among others.

McEwen has recently stated in a conference call and in a news release that it will explore the possibility of a sale of the Los Azules property and that new resource estimates for Los Azules will be forthcoming by the end of June, 2012.  Mr. Klip added that: “TNR has over 20 years of experience in Argentina and remains fully committed to the potential and opportunity presented with the development of the Solitario Properties.”

As TNR is currently engaged in litigation against Minera Andes Inc. and three of its subsidiaries, TNR advises that it will be monitoring the developments with Los Azules and intends to ensure that TNR’s rights in the litigation are not prejudiced by any changes to the ownership of Los Azules or the identity of the Minera Andes and McEwen parties. TNR will continue to pursue its claims notwithstanding any sale of Los Azules.

Shareholders and other interested parties are invited to review the Court filings relating to the Los Azules litigation which are available from the BC Supreme Court registry database (BC Online) and are hosted on TNR’s webpage at www.tnrgoldcorp.com/s/LosAzules.asp.

ABOUT TNR GOLD CORP.

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe.  With the Company’s expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR’s recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR’s business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR’s lithium and rare metals projects.  TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR’s commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the board,
Gary Schellenberg President – TNR Gold Corp.

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. News release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. In particular, there are no assurances that the Company will receive other unsolicited proposals or decide to commence a formal sale process or that, if commenced, such sale process would result in an attractive offer and sale of the Company. There are no assurances that the Company will achieve a favourable outcome in the Los Azules litigation.

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

Contacts

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




TNR Gold Vs. McEwen Mining: 
Los Azules 
“World’s Sixth Largest Undeveloped Copper Deposit”




TNR Gold litigation on Los Azules Copper Project - MCEWEN MINING EXPANSION DRILLING INTERSECTS 0.53% COPPER OVER 351 METERS TNR.v

Thursday, May 10,2012


Note: we are not sure that this particular Judge will be involved in this court hearing.


Disclaimer (loosely based on investment bankers’ small print): please read our full disclaimer, nothing on this website or any links provided should be relied upon in any way and nobody will accept any responsibility in any case.

We are very pleased to see this development: acknowledgement of the ongoing litigation, its risks, property involved and proper representation of all necessary information for the shareholders. Annual General Meeting to be held by McEwen Mining on Thursday May 17, 2012 at 4:00 will provide a good opportunity to ask all questions about this developing story with “World’s Sixth Largest Undeveloped Copper Deposit” - as Rob McEwen has called it. 

McEwen Mining reports: 

“A total of 2,835 meters were drilled this season in eight holes. A drill hole location map, a table of assay results and a cross section of the Los Azules resource are provided in Exhibits 1, 2 and 3. All of the drill holes from this season were completed on mineral claims that are not subject to ongoing litigation.


Page 5 provides, finally, McEwen Mining map outlining High Grade Core Copper Zone on TNR Gold’s former properties called “100% Held mineral rights (subject to litigation) and surface ownership”.

TNR Gold litigation on Los Azules Copper Project, Argentina - Form 10-Q for MCEWEN MINING INC. TNR.v

TNR Gold’s Gary Schellenberg Discusses Gold Mining in Alaska and Los Azules Copper Project on Midas Letter Money TNR.v


Update February 12th, 2012. CNNMoney: 

$1.7M of MUX sold by Allen Ambrose

We guess, that at some stage Mr Allen Ambrose - former CEO of Minera Andes, will be questioned during the Los Azules litigation on what exactly were his intentions explained in his emails presented by TNR Gold litigation counsel in Amended Claim.

Allen Ambrose emails:

24. “Next we should look at our alternatives to take out the Solitario (TNR Gold - S) agreement…”TNR Gold vs Minera Andes (McEwen Mining now) and MIM (Xstrata now). From Page 11 Part 3: Legal Basis http://bit.ly/xhdqag

Los Azules: Gold bug McEwen eyes big copper play - TNR Gold claims Northern Part of the project back 

Mcewen Mining: SEC filing: ITEM 1A. Risk Factors
The Los Azules copper project is subject to ongoing legal proceedings with the potential that we may lose all or part of our interest in the project    




Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Midas Letter Money with Lomiko Metals LMR.v - Graphite in Quebec






Lomiko Doubles Down on Graphite LMR.v


Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target LMR.v

  We have more promotion from Lomiko Metals and more colours to the potential of its Graphite project in Canada. Graphite is in the headlines of news letter writers - James Dines has made his pick as well, now the exploration results will separate the pump and the real projects.”


Lomiko Outlines 2012 Goals for High Purity, Large Flake Crystalline Graphite Exploration LMR.v



“Apparently, CEO of Lomiko Metals has found the right words to position the company into the “new hot market” - Graphite - at the Toronto conference yesterday. He buys the shares himself and it always helps communication with investors. Now we have more details about the Graphite project and plans for its development to digest.”

Venture Capital Radio interviews Lomiko Metal’s CEO Paul Gill about Graphite LMR.v



Lomiko to Outline 2012 Drilling Plan for Quatre Milles at Toronto Graphite Conference May 2, 2012 LMR.v

“CEO of Lomiko Metals continues to Buy shares of his company.”


Lomiko Metals - Energy Metals: Graphite and Lithium

“Looks like Lomiko Metals has found its new life after it has acquired the Graphite property and engaged in its marketing. Rick Mills has covered the Graphite story recently and we will see who has the goods in the end. So far the stock has a very impressive run from 2 cents to as high as 18. Real exploration program should show the potential of this project.”



Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Lithium 3D Solid-State Battery - Prieto Battery: How It Works



  Lithium batteries technology is developing very fast now. Envia Systems promises Electric cars for all and  now Prieto talks about safe, long lasting non-toxic Lithium 3D Solid-State Battery.

Envia - World’s First 400 Wh/kg Lithium-ion Battery Poised to Revolutionize Cost, Range and Safety in EVs


Chemistry

The Chemistry Behind the Prieto Battery

This patent-pending architecture is designed around a nanowire array of anodes or porous carbon structure (copper foam), conformally coated by an ultra-thin polymer electrolyte and then surrounded by a cathode matrix. The result is a three-dimensionally structured lithium-ion battery composed of interpenetrating electrodes with extremely short Li+ diffusion distances and a power density that is orders of magnitude greater than comparable two-dimensional architectures in use today.
The use of copper antimonide (Cu2Sb) electrodeposited on nanowires or copper foam lends an unprecedented degree of stability to the anode and has already demonstrated virtually no loss of capacity over extensive cycling – a dramatic improvement over other anode materials. Such materials and the underlying technologies lend themselves to low cost manufacturing and production scale-up.
The realization of this sophisticated battery required the development of myriad cutting-edge enabling technologies. At the heart of this product is a patent-pending technology for the fabrication of the Cu2Sb nanowires & copper foam substrate? Using a novel electrodeposition method, Cu2Sb may be directly deposited as polycrystalline, intermetallic nanowires without the costly requirement of further annealing or other post-treatments. This technique ensures continuous electrical contact throughout the 3D anode.
The fabrication of the electrolyte layer is accomplished through an electrochemical polymerization method – specifically designed to uniformly encapsulate the entire conductive surface of the anode. The electrolyte is kept extremely thin to allow for the subsequent interpenetration into the structure by the cathode material and is anticipated to be extraordinarily insulating and pin-hole free. The strict demands on the electrolyte form the basis for additional intellectual property protection.
Energy Density
Power Density

Gold Market Action Signals Massive Liquidity Back Stop Operation GDL, SLV



  C.S. As with our recent Call on Apple, nothing here will be scientifically proven - all our markets are rigged and are pure Esoteric Fiction now. Our feeling tells us that recent carnage in Gold and Gold miners, particularly, is the preparation to the Massive Liquidity Back Stop Operation. 

Charles Nenner Calls For Silver and Gold Bottom - We Call For Apple To Cool Down AAPL, GLD, SLV


  Any such operation means the QE up to the infinity whatever it will be called. The action will be coordinated and must be unleashed on a truly huge scale in order to attempt to save the insolvent financial system from “the run on the banks”. Battle Field will be in Europe - now Europe threatens to push all world economy into another recession. UK - the land of the brave, where all experiments with QE were started first - is already in recession technically. Austerity will be dying hard, but the Paul Krugman is now the bedside book.

The Gold Bug Manifesto By Paul Krugman: End This Depression Now


  What form this operation will take is not so important: there are rumors about Silver Bullet with banking super guarantee in Europe or it could be another LTRO spiced with World Wide Coordinated FED and Central Banks swap operations - the end result is that the liquidity will be flooding the system with record low Treasury Yields. The magnitude of the action will be very important - European banking system is under capitalised by 2.9 Trillion Euros now, according to UBS.
   Gold smells any currency debasement - here we are talking about worldwide phenomena - so it will be killed first. Panic in the sector has already shaken all weak hands and once the public has realised what is coming gold will resume its uptrend.

Gold, Silver and Commodities have grown up and will live their own life in the Bull Market while General Market will be busted by recession.


   Chart above provides us with some Technical confirmation of our Esoteric sensations, we have two very strong Reversal Candles on Weekly. Daily chart below is painting the Double Bottom Reversal with the recent retest of the low.
  Gold miners were living lately in their own world - all excitement about the Sugar High general market action has left them behind.
  We are at the 2010 Low on the Weekly chart - two year of gains were wiped out from the last October. GDX is trying to build the Reversal - we have the Reversal Candle and Volume signal. Move above MA200 will confirm the Buy signal here.
  Gold Miners Daily chart is already excited with the new opportunity and screaming Buy on MACD, Volume on week of May 14th provided the confirmation of the positive move out of Oversold condition.
  The real drama is on the chart above. Gold Junior Miners could be the New Misery Index of the New Normal. You do not know, what the financial pain means, if you were not investing in Gold, Silver, Copper, Lithium and REE juniors lately. Here Juniors managed to hit the 2010 Low. We have the Bullish Engulfing Candles now, Volume signal and the next move Up should confirm the Buy on MACD.
  Daily chart above shows Buy with Strong Reversal Candle in the week of May 14th, Volume signal and retest of the Low in the week of May 21st, with Double Bottom Reversal. This elevator goes very fast in both directions, but not all passengers will be taken UP - collateral damage will claim the weak companies who was not able to finance and keep their projects.
   Guidance will be the quality of teams, projects and who is behind the company - we are talking here about the opportunity not seen from February 2010, when market never looked back until Top in April 2011.
Peak Oil - Energy Transition: KUSP Presents an Evening with Amory Lovins






Amory Bloch Lovins is an American physicist, environmental scientist, writer, and Chairman/Chief Scientist of the Rocky Mountain Institute. He has worked in the field of energy policy and related areas for four decades. 
KUSP produced this event on Saturday April 14th, in Carmel Valley. He was interviewed by KUSP’s President of the Board of Directors, Kelly O’Brien



Peak Oil Richard Heinberg End Of Cheap Energy Era CCTV News

“Chinese CCTV reports on Peak Oil with Richard Heinberg. Place and timing of this report is very symbolic in light of recent market developments.”



Electric Cars: Amory Lovins: Reinventing Fire Talk at The Institute for Energy Efficiency - How To Get Off Oil

Lithium Drive: Reinventing Fire: Transportation‬ - Electric Cars
Now we have technology to get off Oil - Electric Cars and Lithium Batteries provide us with the opportunity to “Leave The Oil Before It Leaves Us.”

Peak Oil Richard Heinberg End Of Cheap Energy Era CCTV News



  Chinese CCTV reports on Peak Oil with Richard Heinberg. Place and timing of this report is very symbolic in light of recent market developments.



Lithium Rush: The Art Of War In The Markets: China Getting Ready For 5 Million Electric Cars by 2020

Powered by Lithium: McKinsey & Co.: China May Still Become A Global Leader In The Electric Vehicle Industry



   

  “China knows too well the real price of Oil. All recent data points out that the spare capacity in Oil production is running dangerously low and any decreased demand from the developed world was immediately substituted by the rising demand from emerging economies.”

Richard Heinberg - Energy & Peak Oil, The Bigger Picture

Oil Shock - There’s No Tomorrow.

  “This animation deserves to be posted one more time. Post Carbon Institute has produced a brilliant documentary “There Is No Tomorrow”, which we highly recommend to watch everybody. You can personally judge our progress now.”

Powered by Lithium: Rimac Concept_One Electric SuperCar - Let’s Shred Some Tires!



  Electric Cars are not just toys any more - they are very expensive ones! Rimac electric car will rival any supercar on the road. Technology is here - now we need to make it affordable for all.


Lithium Drive: Steve Jobs’ Apple iCar dream - Mickey Drexler: “Steve’s dream before he died was to design an iCar.”

Rimac Concept One

“Even primitive (DC) electric motors can outperform any combustion engine in almost all fields. Efficiency, extremely fast response, wide power band, compact size, regenerative braking, high torque… Those are just some advantages of our new permanent magnet synchronous motor generation which we developed exclusively for the Concept_One.

Our unique powertrain is divided into four sub-systems, each consisting of one motor, inverter and reduction gearbox. Each of those systems drives one wheel, completely independent one from the other. Sophisticated ECUs control each of those systems using the input of many precise sensors placed all over the car. This architecture allows a new approach to vehicle dynamics. We call it - All Wheel Torque Vectoring (AWTV).

Each wheel can independently accelerate or decelerate hundreds of times per second, helping to achieve the desired (driver selectable) handling. Together with the very low center of gravity, extremely high torque available almost from zero RPM and the lack of shift interruptions, the Concept_One delivers a completely new driving experience.

POWER: 1088 hp
MOTOR TORQUE: 3.800 Nm
BATTERY CAPACITY: 92 kWh
RANGE: 600 km
ACCELERATION 0-100 kph: 2,8 sec.
TOP SPEED: 305 kph


Will Apple and Facebook save us all? Yes, If They Will Produce Electric iCars

As one very wise and honest  person has put it: “How to stop wars and terrorism? - Stop using Oil.” We will paraphrase it here: How to Survive? - Stop using Oil - at least for transportation.”





Propulsion system
“The idea was to create an exceptional supercar with a unique powertrain. The ability of controlling each wheel separately, hundreds of times per second, in both directions is a huge advantage compared to traditional sportscars. An electric motor does not know the words “lag”, or “time to change gears”. Focused on the driving experience, the Concept_One is driven by the most high-tech components of electric propulsion, developed in our cutting - edge Research and Development facilities, challenging the future of automotive development. With a curb weight of 1950 kg, and 1088 HP, the Concept_One can reach 100 km/h from standstill in 2.8 seconds and continues to accelerate over 300 km/h.
The Concept_One is designed to be the best supercar, not just a supercar with electric motors. The independent drive system and low mounted batteries are a dream came true for any engineer who wants to improve driving dynamics. We don’t use a platform which was originally developed for an internal combustion engine car - the whole Concept_One architecture is developed from scratch, around the powertrain and battery - pack. We are building an electric supercar which raises the bar. Our goal is to hand -build the best car possible, using the best available materials and components. We are especially proud of the fact that all key components are designed, engineered and produced by Rimac Automobili.
The Concept_One’s powertrain is divided into the front and rear sub - system. Each of those sub - systems contains two symmetrical motor - controller - reduction gearbox units.
Two Permanent Magnet Motors are combined in a common housing but still, they are completely independent - designed with Torque Vectoring in mind. The motors (rotor and stator) are oil cooled with a closed - loop cooling system inside the housing.
This architecture was necessary in order to get as much power as possible, while keeping the weight low.”





Battery System
“When we started to design the Concept_One there were many obstacles to tackle. One of the most difficult tasks was the energy storage. While capacity and cost are the biggest problems for most manufacturers, Rimac Automobili faced many additional challenges. We had to find a way to get as much power and energy as possible and still keep the package small, light and e fficient Our battery - module architecture has evolved during the development through many evolution stages and redesigns.
The design was optimized during lab and real - world tests in prototypes until all goals were satisfied. A very sophisticated Active Battery Management System (A - BMS) is monitoring and balancing each cell separately. The innovative Thermal Management System and A - BMS are working constantly to keep the ideal conditions for a long battery life and optimal performance.
The result is a high-performance 92 kW battery which can deliver or receive (during Regen-braking) over one Megawatt of power constantly, which makes it suitable for race-track use without thermal problems.”

Lithium Drive: Fisker Karma: An Owner’s Review



Lithium Drive: Reinventing Fire: Transportation‬ - Electric Cars

 ”Now we have technology to get off Oil - Electric Cars and Lithium Batteries provide us with the opportunity to “Leave The Oil Before It Leaves Us.”

Lithium Rush: The Art Of War In The Markets: China Getting Ready For 5 Million Electric Cars by 2020

  “China knows too well the real price of Oil. All recent data points out that the spare capacity in Oil production is running dangerously low and any decreased demand from the developed world was immediately substituted by the rising demand from emerging economies.”

Lithium drive: Fisker Karma | Fisker | Karma | Fisker of Schaumburg



Now we can meet Peak Oil in style!

Oil Shock - There’s No Tomorrow.
“This animation deserves to be posted one more time. Post Carbon Institute has produced a brilliant documentary “There Is No Tomorrow”, which we highly recommend to watch everybody. You can personally judge our progress now.”



Fisker Atlantic New York Reveal Event - Responsible Luxury For EVer

“FISKER AUTOMOTIVE UNVEILS THE ALL-NEW FISKER ATLANTIC IN NEW YORK. Fisker Automotive unveils the all-new Fisker Atlantic confirming Fisker Automotive’s bold future direction reinforcing its’ commitment to uncompromised styling and exquisite design. Watch the entire reveal event and see video footage of the Fisker Atlantic in this video. Learn more about Fisker Automotive atwww.fiskerautomotive.com

China M&A: Canada Zinc Metals - Bob Moriarty: How to Unscramble an EGG CZX.v, LUN.to



   Canada Zinc Metals has seen some activity last couple of days - Bob Moriarty thinks that it is cheap now. We can not argue here - all juniors have been beaten into the dust lately, but not all of them will rise again. You need solid projects and team, which is able to develop them. Tongling Nonferrous from China with 36% in Canada Zinc Metals and Lundin Mining are good company to navigate the recent market.
   Interestingly enough, the company has renewed its “poison pill” plan couple of weeks ago.

China M&A: Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit CZX.v, LUN.to


 In our big picture view, when Energy Transition will be the major driver for the next phase of the economic development, Copper and Zinc will play a very important role as well.


Electric Cars produce the one life time opportunity for China now - do not get us wrong, not everything is driven by the ancient wisdom of “The Art Of War”, but just look at what people are doing and not what they are talking about.  It is the most apparent situation  in the strategic commodities markets - Rare Earths are already controlled by ChinaGraphite is under the siege and Lithium is the next frontier. Despite all noise in the media, China is steadily implementing its 12th Five Year Plan - to build the new strategic industry based on Electric Cars.

“Highlights of the updated mineral resource are as follows:
    • Indicated resource of 12.7 million tonnes of 8.38 % Zn, 1.68% Pb & 13.7 g/t Ag at 5% Zn cut-off
  • Inferred resource of 16.3 million tonnes of 7.38% Zn, 1.34% Pb & 11.6 g/t Ag at 5% Zn cut-off
  • 23% increase in overall tonnage compared to the previous (2008) estimate
  • Upgrade of 44% of the total resource into the indicated category”

China M&A: Canada Zinc Metals Corp - Akie Property Updated Resource Estimate 


“Canada Zinc Metals has come out with another great exploration results, deposit has all chances to grow further.  Stock was moving Up strongly from the recent lows couple of months ago fueled by this drill program expectations and constant rumours about Chinese consolidation. Chinese giant Tongling Nonferrous holds 36% in the company and the only question left is when they will move to increase their stake. Lundin Mining keeps all its options open with the strategic stake in the company - these two companies can easily make this Canadian region play into one of the largest Zinc and Lead mines in the world. We can talk about the magnitude of 100 million tons Zinc and Lead above 5% grade combined after consolidating the Korea Zinc and Teck Resources J/V property in the region.

   In our small interconnected world Canada Zinc Metals holds strategic stake in TNR Gold with its Lithium, Rare Earths and, now - Iron Ore projects. The most intriguing part is Los Azules litigation TNR Gold vs Minera Andes with more than Half of this “Big Copper deposit in Argentina” at stake now. One day, after Canada Zinc Metals acquisition, Chinese Tongling can be knocking together with TNR Gold on the Minera Andes and US Gold door after their merger.






321gold:

How to Unscramble an Egg



Bob Moriarty
Archives

May 24, 2012
For those of our readers who don’t understand the mess with the Euro and the pending exit from the Euro of Greece, here’s what you need to know.
On May 6th, this month, France and Greece held national elections. They are, after all, both democracies and in the true spirit of mob voting, they voted against cutting spending and voted for more benefits. Democracy is at its heart the mob voting to steal from those who have, to give to themselves.
Basically the French and Greeks voted to continue to spend like drunken sailors and to allow Germany to bail them out once more. I may do a disservice to drunken sailors because even drunken sailors stop spending when they run out of money.
Germany, of course, was thrilled. Good luck with that, guys.
Creating the EU and the Euro was much like scrambling an egg. We are all familiar with the concept. You get an egg, a wire whisk and a bowl. Crack the egg into the bowl; a few swift whips of the whisk and you have your scrambled egg.
When Greece soon exits the Euro, all they have to do is reverse the process. Unscrambling the egg isn’t quite as difficult as putting it back into the eggshell.
I was in Vietnam for two years from July of 1968 until March of 1970. If you are interested, I can tell you all about stupid wars of aggression against people who did nothing to the United States.
I am not a believer in the unlimited power of big government. For we thought we had all the power in Vietnam but we really didn’t. I’ve seen waves of 27 B-52 bombers each carrying 117 500-pound bombs carpet-bombing the jungle. They killed a lot of trees but we lost the war.
Our enemy was a soldier defending his country with an AK-47 in one hand and a ball of rice in the other. They won, we lost. Don’t even try telling me about the power of government, it’s imaginary.
Greece is going to leave the Euro. Screw all the politicians who pretend they have something to do or say about it. They are lying through their teeth. Greece is going to leave the Euro because every Greek with the sense God gave a goose is down at their bank taking every Euro they have in their account and shoving it into a paper bag they can take home and shove under the mattress. Because they know that when the idiot politicians who think they have all the power in Greece realize the banks are imploding and the Germans are sick of bailing them out, the crooks running the country will make taking your own money out of the bank illegal.
We aren’t any better here. Greece has a 54% unemployment rate in the under 29-year-old population, Spain has a 52% unemployment rate. Those are the sort of folks who start revolutions. I wouldn’t shed a tear if they hang all the lying politicians from the short end of a long rope. They are having runs on banks in Europe. It will travel to our shores. The Greek people voted to destroy the banks before the banks could destroy them.
The solution to the problems of Greece and Spain and Portugal and Ireland and France and England and the US is simple. Don’t spend what you don’t have. Default on what you can’t possibly pay back. Reduce taxes and forget about government being the solution. It’s not the solution. It’s the problem. That’s too simple for the assholes running governments. They want to destroy every cent from everyone who actually works for a living to keep their clutches on power.
Our government is a cesspool run by liars and crooks. Our foreign policy is made in Israel and every congress critter has been bought and paid for by the big money interests. You can no more fix our government than you can unscramble an egg. We deserve exactly what we have coming; we let these bastards steal our country.
All you can do is protect you and your family and whatever assets the government has yet to steal. I’ve talked many times about using gold and silver as an insurance policy. If you don’t own any by now, you don’t get it and you will soon understand why you should have paid more attention. But beyond gold and silver as an insurance policy, where do you put your investment capital?
I think that resources are the only alternative. The last week has shown investors just how much Wall Street looks out for your interests. The Facebook IPO was typical lying and stealing from Wall Street. You may safely believe they made money. They always make money. Your money.
I meant to write this piece weeks ago and I was dilatory. Canada Zinc (CZX-V) was the subject of a piece I wrote in February. They were cheap then, they are cheaper now. In Mid-March they released a new 43-101 update showing an incredible 12.7 million tonnes of 8.38% zinc, 1.68% lead and 13.7 grams per tonne silver in the indicated category. That’s an in the ground metal value of over $2.5 billion dollars.
All of this indicated category has been upgraded since their last 43-101 and they show an additional 16.3 million tonnes of 7.38% zinc, 1.34% lead and 11.6 g/t silver in the inferred category. That’s worth over $2.8 billion in the ground.
Your alternatives are Euros, Greek bonds or US TBills. That’s like no choice at all. Our world is changing far faster than most people imagine. There isn’t very much time left before the bank runs start in the US. Invest in real assets while you still can.
Canada Zinc is an advertiser and we are biased. As always, you are solely responsible for your own investment decisions. We share neither in your profits nor your losses.
Canada Zinc Metals Corp
CZX-V $.45 (May 23, 2012)
CZXMF-OTCBB 136.2 million shares
Canada Zinc Metals website
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Bob MoriartyPresident: 321gold”

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.