YeOldGoldNugget's Stock Picks: Weekly

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Sunday, December 6, 2009

Orko Silver Corp (CVE:OK)

Posted by 79Atoms at Sunday, December 06, 2009

Orko Silver Corp. Weekly Chart December 04, 2009

Orko Silver Corp. Trend Analysis.
Chart is courtesy of marketclub.
http://orkosilver.blogspot.com/2009/09/presentations.html.
http://orkosilver.blogspot.com/.

Orko Silver Corp. (TSX Venture Exchange: OK.V) is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in Durango State, Mexico. The La Preciosa silver project and adjacent mineral concessions cover 80,000 acres of contiguous mining claims.

On February 18, 2009, the Company released its 6th NI 43-101 compliant Resource Estimate. The La Preciosa deposit now comprises 47% Indicated Resources and 53% Inferred Resources. Current Indicated Resources are 10.64 million tonnes grading 0.27 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 201 g/t. at a cut off grade of 100 g/t. The contained metal equals 63.2 million ounces of Silver and 94,000 ounces of Gold for a Silver Equivalent of 68.9 Million Ounces. Current Inferred Resources are 12.0 million tonnes grading 0.25 g/t Au and 185 g/t Ag for a Silver-Equivalent grade of 200 g/t. at a cut off grade of 100 g/t. The contained metal equals 71.8 million ounces of Silver and 97,000 ounces of Gold for a Silver Equivalent of 77.6 Million Ounces.*

*Estimated at a 60 to 1 Silver/Gold ratio with metallurgical recoveries and net smelter returns assumed to be 100%.

The current resource estimate is based on all of Orko Silver's drilling to date, including the 2008 drilling of an additional 205 holes (79,021 metres). There remains significant potential for defining a larger resource.

On April 14th, 2009 Pan American Silver Corp. and Orko Silver announced that they have agreed to form a joint venture to develop the La Preciosa project. Pan American will contribute its demonstrated mine development expertise, as well as 100% of the funds necessary to develop and construct an operating mine, in consideration for a 55% interest in the joint venture. Orko Silver retains a 45% interest fully carried to production.
Key aspects to the joint venture and the development strategy for La Preciosa include:

* Pan American currently operates 7 primary silver mines
* Pan American has completed 3 successful mining project in the past 4 years
* Pan American will fast track the deposit to production
* Orko Silver retains a 45% fully carried interest to production
* No financing risk or further dilution for Orko Silver shareholders

Orko Silver's shareholders will benefit from the financial capacity and extensive mine development expertise that Pan American brings to the joint venture as well as retain the upside potential for the discovery of additional resources from Orko Silver's exploration team.

Going forward, the Joint Venture partners have already begun releasing results from the 2009 exploration program which will include trenching, detailed metallurgical tests as well as more than 35,000m of diamond drilling both in the known deposit but also in the exploration targets previously identified by Orko Silver. Recent August 2009 drill results include assays such as hole BP09374, which yielded a true thickness of 32.68 meters grading 0.376 g/t gold and 245.4 g/t silver for a silver equivalent of 267.9 g/t and drill hole BP09359, which yielded 34.77 meters grading 0.278 g/t gold and 202.4 g/t silver for a silver equivalent of 219.1 g/t. These values are comparable with earlier drilling by Orko Silver at La Preciosa.

http://www.orkosilver.com/s/home.asp

Orko Silver Corp - Developing One of the Worlds Largest Primary Silver Deposits

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Nevada Copper Corp. (TSE:NCU)

Posted by 79Atoms at Sunday, December 06, 2009

Nevada Copper Corp. Weekly Chart December 04, 2009

Nevada Copper Corp Trend Analysis.
Chart is courtesy of marketclub.
Nevada Copper owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada.

Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totalling 5.6 Billion pounds of Copper plus additional Inferred Resources of 3.7 Billion pounds of Copper (all using a 0.2% copper cutoff grade). This 9.3 Billion pound copper resource, 1.45 million ounces of gold, 55 million ounces of silver and 130 million tons of contained iron in 361 million tons at an average grade of 36% iron at a 20% iron cutoff was estimated effective June, 2009.

Contained within the larger resource is a high grade component of 77 million tons grading 1.7% copper at a 1.0% cutoff containing 2.6 Billion pounds of Copper. Ongoing drilling has yet to define the limits of this world class Copper-Iron-Gold-Silver deposit.

Robust Preliminary Economic Assessment (PEA) results were announced on March, 17, 2008, demonstrating that at a US$1.75 long term copper price, the Pumpkin Hollow Copper Project has a US$784 Million NPV at an 8% discount, with an IRR of 24%. At a US$2.50 copper price the project's discounted NPV at an 8% discount increases to US$1.1 Billion. The NI43-101 compliant technical report highlighted several additional areas that have the potential to further improve the already solid economic base. The detailed PEA can be accessed at http://www.nevadacopper.com/i/pdf/PEA-March2008.pdf

As a result of the significant increases in the recently completed resource estimate, Nevada Copper intends to update its PEA to incorporate these results and the positive results of its internal optimization studies.
http://www.nevadacopper.com/s/Home.asp

Nevada copper reports robust results

Nevada copper reports robust results

Nevada Copper Corporation announced that it has completed a National Instrument 43-101 Preliminary Economic Assessment for its 100% owned Pumpkin Hollow IOGC Property in Nevada which incorporates a High Grade Case.

In March, 2008 Nevada Copper completed a PEA describing an integrated 60,000 tons per day open pit underground operation resulting in USD 552 million at USD 1.75 per lb copper price to USD 1.7 billion at USD 3.00 per lb copper price at an 8% discount rate. Capital costs under the integrated open pit and underground operation were estimated at USD 780 million including contingencies and working capital.

The High Grade Case incorporates the recent increase to Pumpkin Hollow's resource as a result of drilling completed in 2008 and 2009 and optimization studies focused on developing a production profile that would result in largely reduced capital costs and a project which would be resilient to lower copper prices while still allowing for the transition to the large integrated open pit underground operation.

Capital costs have been reduced to approximately 25% of that required for a larger 60,000 tonnes per day integrated open pit-underground operation. More importantly, the High Grade Case does not compromise the integrity of the large open pit project envisioned in the 2008 PEA and will allow for transition to the large integrated open pit underground operation on a staged basis.

According to National Instrument 43-101 guidelines, a PEA is considered preliminary in nature and includes the use of inferred mineral resources which are considered too speculative geologically to apply economic considerations that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not demonstrated economic viability. Thus, there is no certainty that the production profile concluded in the PEA will be realized. Actual results may vary.

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Globestar Mining (TSE:GMI)

Posted by 79Atoms at Sunday, December 06, 2009

Globestar Mining Corp. Weekly Chart December 04, 2009

Globestar Mining Corp. Trend Analysis.
Chart is courtesy of marketclub.

GlobeStar is a copper and gold producer with operations in the Dominican Republic. GlobeStar’s Cerro de Maimón operation is the first copper-gold mine in the Dominican Republic and the Caribbean Islands. Construction was completed and commissioning took place in October 2008 and the low-cost Cerro de Maimón mine and processing facilities (both sulphide and oxide plants) are forecast to produce approximately 25 million pounds of copper, 12,000 ounces of gold and 553,000 ounces of silver during 2009.

GlobeStar is engaged in the exploration and development of copper, gold and nickel deposits in the Dominican Republic and in the acquisition of copper and gold properties in major Latin American mining districts.

The company also has a portfolio of industrial minerals properties which includes several limestone deposits in the Dominican Republic and a lithium pegmatite project in Quebec, Canada.

GlobeStar is committed to the highest ideals of leadership in the areas of sustainable development, environmental responsibility, safety and health.

GlobeStar began trading on the TSX in January 2007 (symbol GMI). The company has its head office in Toronto, Ontario and operates in the Dominican Republic through its wholly-owned subsidiary, Corporación Minera Dominicana, with an office in the capital city of Santo Domingo.

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