Sunday, November 29, 2009

Canadian Stock Research - Khan Resources Inc

Canadian Stock Research News Update:

Khan Acknowledges ARMZ Intention to Make an Unsolicited Offer

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2009) - Khan Resources Inc. (TSX:KRI) ("Khan") announced that it was informed today that Atomredmetzoloto JSC ("ARMZ"), a Russian state-owned nuclear energy corporation, intends to make an unsolicited offer to purchase all of the outstanding common shares of Khan for Cdn.$0.65 per share.

ARMZ has issued a press release which indicates that the offer will be made by way of a take-over bid circular to be mailed to Khan shareholders after a shareholders' list is received from Khan. ARMZ has not yet made any formal offer and no action is required by Khan shareholders at this time. Until Khan receives the offer and related take-over bid circular and completes its review of the terms and conditions of any such offer, it will not comment on the offer or speculate as to any future course of action it might take. Khan's Board of Directors will be meeting to consider the unsolicited offer. Shareholders are urged to defer making any decision with respect to the offer until the Khan Board of Directors formally communicates to shareholders its position on any such offer.

Khan Resources Inc. (TSX:KRI) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. Its current activities are focused on the Dornod area in northeastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration. The Company's website is www.khanresources.com.
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Saturday, November 14, 2009

Canadian Stock Research - Cypress Development Corp

Canadian Stock Research News Update:

Cypress & Skyharbour Provide Drilling Update on Broulan Reef Bruce Channel / Red Lake Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2009) - Cypress Development Corp. (TSX VENTURE:CYP) (FRANKFURT:C1Z) and Skyharbour Resources Ltd. (TSX VENTURE:SYH) announce an update regarding their deep diamond drilling program on their Cypress (80%) Skyharbour (20%) owned Broulan Reef gold project in Red Lake, northwestern Ontario. The Broulan Reef property is situated along the prolific Red Lake trend, west of Goldcorp Inc.'s operating Red Lake Mines Complex and immediately southwest of the Goldcorp's Cochenour / Bruce Channel deposit.

Bruce Channel Red Lake, Ontario Map:

http://www.cypressdevelopmentcorp.com/s/Image.asp?i=maps/CYP-Broulan-Reef-New-Map.jpg

Drill Hole BR09-1 was stopped at 2786 metres due to insurmountable technical difficulties. This hole was designed to test for the presence on the Broulan Reef property of the major north-south shear / breccia system that hosts the Bruce Channel deposit of Goldcorp.

The Bruce Channel deposit is located some 500 metres north of the north boundary of the Broulan Reef property. Additional intercepts of this zone were encountered in the FN series of holes some 250 metres north of the Broulan Reef property.

Goldcorp is currently proceeding with plans to develop the Cochenour / Bruce Channel deposit. There is little doubt that the Cochenour / Bruce Channel deposit will provide a significant component of the mill feed at the Red Lake mine mill complex within the next few years. The Couchenour shaft is being dewatered, the pilot hole for a winze has been completed and work on a high speed tram between the Cochenour / Bruce Channel deposit and their Red Lake mine-mill complex has started.

The generally 'high-grade' nature of the gold in the Bruce Channel deposit and the proximity of planned underground workings make any deposits on the Broulan Reef property developable.
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Thursday, October 22, 2009

Canadian Stock research - Constantine Metal Resources

Canadian Stock Research News Update:

Constantine Expands Area of Massive Sulphide and Reports Significant Off-Hole Geophysical Conductors Palmer Copper-Zinc VMS Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Constantine Metal Resources Ltd. (the "Company") (TSX VENTURE:CEM) is pleased to announce final drill results and preliminary down-hole geophysical data for the 2009 exploration program at the Company's Palmer copper-zinc-gold-silver rich volcanogenic massive sulphide ("VMS") project. The 2009 program has successfully expanded the known area of South Wall and RW mineralized zones. This expansion when considered with the down-hole geophysical results has demonstrated the opportunity for continued growth in 2010. The Palmer project is located in a very accessible part of southeast Alaska, 60 kilometres by road from the year-round deep sea port of Haines.

The limited 2009 drill program (10 holes for a total of 4,643 meters) has expanded South Wall zone mineralization by 80 meters along strike, 90 meters vertically down dip, and 40 meters up dip, for a total horizontal strike length of 380 meters and a total vertical extent of 410 meters. The latest drill results include the deepest South Wall copper-rich intersection drilled to date in CMR09-28 that grades 3.55% copper, 4.79% zinc, 0.28 g/t gold and 80.1 g/t silver over 2.29 meters. Drill Hole CMR-09-30 tested the westernmost part of South Wall Zone 1 and remained in altered footwall rocks with stringer mineralization. A large off-hole geophysical anomaly in CMR09-30 is believed to represent a 100 meter extension of the thick Zone I mineralization and suggests that the zone remains open to the west.
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Friday, October 16, 2009

Canadian Stock Research - Canadian Royalties Inc

Canadian Stock Research News Update:

Jien Canada and Canadian Royalties Sign Definitive Support Agreement

MONTREAL, QUEBEC--(Marketwire - Oct. 16, 2009) - Canadian Royalties Inc. (the "Company", or "Canadian Royalties") (TSX:CZZ), Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), Goldbrook Ventures Inc. ("Goldbrook"), Jien Canada Mining Ltd. ("Jien Canada") and Jien International Investment Ltd. are pleased to announce that they have entered into a definitive support agreement (the "Support Agreement"), pursuant to which the board of directors of Canadian Royalties (the "Canadian Royalties Board") has agreed to support the making of amended offers (the "Offers") to acquire all of the issued and outstanding common shares (the "Shares") and all of the 7% Convertible Senior Unsecured Debentures due March 31, 2015 (the "Debentures") of Canadian Royalties. Pursuant to the Support Agreement, the Offers will be amended to (i) increase the price offered per Share to $0.80 in cash; (ii) increase the price offered for the Debentures to $800 per $1,000 principal amount of Debentures, plus accrued and unpaid interest up to, but excluding, the date the Debentures are taken up under the Debenture Offer; and (iii) extend the expiry of the Offers to 5:00 P.M. (Toronto time) on October 27, 2009.

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Wednesday, October 14, 2009

Canadian Stock Research - Bayswater Uranium Corp

Canadian Stock Research News Update:

Bayswater Announces Drill Results from Otis Gold Joint Venture at Kilgore Project Including 55.4 Metres of 6.15 g/t Gold

Vancouver, British Columbia CANADA, October 13, 2009 /FSC/ - Bayswater Uranium Corp. (BAY - TSX Venture, BYSWF - OTCBB_Pink_Sheets), is pleased to announce results from drilling at the Kilgore gold project in Clark county, Idaho, by joint venture partner Otis Gold Corp ("Otis"). Based on recently obtained additional geochemical assay results, three of the four core holes drilled in November and December 2008 contain significant bulk-tonnage, open-pittable thicknesses and grades, in addition to the high-grade, underground-type intercepts previously reported by Otis on March 2, 2009 and April 7, 2009. These new bulk-tonnage intervals, which are highlighted in the table below and include 55.4 metres grading 6.15 g/t Au (181.8 ft at 0.180 opt Au) in hole 08 OKC-191, contain mineralized thicknesses and average grades which are substantially greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 news release). These new intervals, all of which will be included in a future resource estimate, could serve to increase the overall size and grade of the Kilgore bulk-tonnage deposit, further enhancing deposit economics.



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Wednesday, October 7, 2009

Canadian Stock Research - International Wayside Gold Mines

Canadian Stock Research News Update:

"Wayside Drills 84.4m (277.0 feet) of 16.5 g/T (0.481 oz/t) Gold Including 37.5m (123.1 feet) of 36.1 g/T (1.052 oz/t) Gold"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - International Wayside Gold Mines Ltd. (TSX VENTURE:WYG)(FRANKFURT:IWUB) ("Wayside", the "Company") announced today that it has received more results from its infill diamond drill program in the Bonanza Ledge Zone on Barkerville Mountain (Table 1).

The proposed 17 hole infill diamond drill program in the Bonanza Ledge Zone will upgrade its existing NI 43-101 resource from an inferred to indicated category. To date, 16 of 17 drill holes have been completed. BC09-01 through BC09-05, BC09-07 through BC09-09 (please see September 17 and October 5, 2009 News Releases), BC09-11 and BC09-12 have returned promising intercepts containing gold mineralization.

- Drill hole BC09-12 intercepted gold mineralization from 3.048 meters (10 feet below surface) to 87.48 meters (287 feet below surface):

-- 84.4 meters (277.0 feet) of 16.5 g/T (0.481 oz/t) gold,

--- including 37.5 meters (123.1 feet) of 36.1 g/T (1.052 oz/t) gold,

Results from the remaining holes in the infill program are forthcoming.

Cow Mountain Drill Program

Drill holes CM09-01 through CM09-03 were completed beside the Lowhee Creek on Cow Mountain and confirm the 2.2 km mine grid west extension of the BC Vein and Bonanza Ledge style mineralization.

Drill hole CM09-03, drilled approximately 2.2 km northwest of center of the proposed Bonanza Ledge open pit mine, intercepted a fine-grained pyrite replacement body in a fault zone (Lowhee Fault or related), which contains up to 60% fine-grained pyrite and returned up to 22.7 g/T gold (see October 5, 2009 News Release). Initial interpretation suggests the Company has discovered the northwest trend along strike of Bonanza Ledge style replacement mineralization, being similarly hosted in clastic rocks in the same mine trend. More drill holes are needed to have a better understanding of the pyrite replacement body locally, which could assist Wayside in its future exploration programs to identify similar zones along the approximately 60 km mine trend on the Company's property.


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Monday, September 14, 2009

Canadian Stock Research - Canasia Industries Corporation

Canadian Stock Research News Update:

"Kinross Now Drilling on Canasia's Debut Gold Prospect in Nevada"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Canasia Industries Corporation (TSX VENTURE:CAJ)(FRANKFURT:45C)(OTCBB:CANSF) ("Canasia") is pleased to announce that it has been notified by Kinross Gold USA ("Kinross"), which has a mineral lease agreement with Canasia on the Debut prospect (announced on September 9, 2008), that drilling is now underway and as of last report 6 of a proposed 17 hole drill program has now been completed. Drilling is expected to take approximately six to eight weeks. The agreement between Kinross and Canasia requires Kinross to spend a minimum of $3-million (U.S.) in exploration.

Graeme Sewell, a director of Canasia stated, "Management is very pleased to now have a NYSE listed gold company drilling on one of our properties. To have a company of Kinross' stature working with Canasia is a significant milestone for us. Management is proud that Kinross approached us to work together on this prospect. Not only do we now have this gold prospect with a major underway, but our Clone Prospect, that displayed visible gold, is also moving forward with drill results expected shortly. With gold prices now over $1,000 USD per ounce, clearly this is an exciting time to be active on multiple gold prospects."


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Tuesday, September 8, 2009

Canadian Stock Research - Franc-Or Resources Corporation

Canadian Stock Research News Update:

"Franc-Or Resources: Crocodile Gold Already Increasing Resources-New Inferred Resource at Iron Blow Adds 210,000 Ounces of Gold and 10 Million Ounces of Silver to Overall Resource"

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2009) - Franc-Or Resources Corporation (TSX:FOR) - Crocodile Gold Inc. today announces an initial National Instrument 43-101 compliant inferred resource estimate on its polymetallic Iron Blow project in the Northern Territory of Australia. The estimated inferred resource at Iron Blow is 3,174,876 tonnes grading 2.08 g/t gold, 100.9 g/t silver, 0.76% lead, 3.28% zinc, and 0.19% copper. The contained gold content of the resource is 210,000 ounces of gold. Table 1 summarizes the inferred resource estimate. The mineralization occurs in six distinct lodes within the deposit. The mineralization remains open at depth and along strike, and there is potential to expand the scope of this resource based on the nature of mineralization.

Table 1: Iron Blow Initial Inferred Resource Estimate
(at 1.0 g/t Au cut-off grade)

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Gold (Au) Silver (Ag) Lead (Pb) Zinc (Zn) Copper (Cu)
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Tonnes 3,174,876 3,174,876 3,174,876 3,174,876 3,174,876
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Grade 2.08 g/t 100.9 g/t 0.76% 3.28% 0.19%
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Contained
Metal 210,000 oz 10,000,000 oz 53,000,000 lbs 230,000,000lbs 13,000,000lbs
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Canadian Stock Research - Amador Gold Corporation

Canadian Stock Research News Update:

"Amador Gold Corp Samples 60.68 g/t Gold, 23.93 g/t Silver and 0.47% Copper on RHB Zone at Horwood Property"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce that further sampling of a recent high grade gold discovery has produced grab samples of up to 60.68 g/t gold. The samples were taken approximately 1.5 meters to 2.5 meters from samples announced in August which assayed up to 75.0 g/t gold.

Three grab samples collected on the RHB Zone returned values of 60.68 g/t Au, 23.9 g/t Ag and 0.47% Cu, 54.51 g/t Au, 28.1 g/t Ag, 0.53% Cu and 18.82 g/t Au.

"We are extremely pleased to have confirmed high grade gold in the RHB zone as well as with the elevated values of both silver and copper. Our geological team is currently exploring this new zone and compiling data from historic and recent work completed in the area in an attempt to expand on what may be a deep-seated, gold system." comments Company President, Richard Hughes. "There are numerous new and historic zones on the Horwood property which have never been drill tested at depth which is encouraging given the number of deep discoveries recently made in the Timmins camp."

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Canadian Stock Research - Coastal Energy Company

Canadian Stock Research News Update:

"Coastal Energy Announces Update of Onshore Operations"


HOUSTON, Sept. 8 /CNW/ - Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand, announces that the Phu Kheng-1 exploration well on Block L27/43 in north-eastern Thailand has reached total depth and has been suspended pending a hydraulic fracturing stimulation and test. Coastal is the largest holder of Block L27/43 with a 36.1% net working interest.

The well was drilled to a total depth of 2,204 meters sub-sea and encountered Jurassic and Triassic sandstones in the Phu Kradung and Nam Phong formations. Initial log interpretation confirms that the formation is gas-saturated with low porosity and permeability and that further evaluation and testing is required to determine the commercial viability of the well. The operator plans to test the well within the next four to eight weeks subject to workover rig availability.

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Canadian Stock Research - Tethys Petroleum

Canadian Stock Research News Update:

"Tethys Petroleum Limited: Drilling Update"

ST. PETER PORT, GUERNSEY--(Marketwire - Sept. 7, 2009) - Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) today provided an update on its drilling activities in Kazakhstan and Tajikistan.

Kazakhstan

Exploration well AKD01, which is the Company's first "deep" well in the Akkulka Block ("Akkulka") in Kazakhstan, is currently at a depth of 3,414 metres (11,200 feet) in what is interpreted to be the Triassic sequence. This well has targets in the Cretaceous/ Jurassic sequence and in the underlying Triassic sequence. Electric logs have now been run over the upper part of this interval and these logs have been independently interpreted. In parallel to the results of these logs, hydrocarbon indications were also observed during drilling.

Independent petrophysical analysis confirms the interpretation of moveable hydrocarbons in at least two zones in the Lower Cretaceous / Jurassic interval which may be oil and/or gas condensate. The large Urga gas condensate field (which lies to the south of the AKD01 well) in northern Uzbekistan produces from the Jurassic sequence in a similar structural position. Production testing is planned for these intervals once the well reaches total depth and it is planned to case this section prior to drilling ahead. Only after production testing can a definitive statement be made on the potential for commercial production of oil and/or gas from this well. Currently preparations are being made to clean the hole prior to running casing.

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Thursday, September 3, 2009

Canadian Stock Research - Colossus Minerals Inc

Canadian Stock Research News Update:

"Colossus Minerals Drills 4.15 Metres @ 8.04 g/t Gold, 154.5 g/t Platinum and 245.8 g/t Palladium in Serra Pelada Western Mineralised Zone"

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to announce that the Company has successfully confirmed a new mineralized horizon called the Western Mineralised Zone ("WMZ") during its Phase II drilling program on the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.

HIGHLIGHTS

- SPC-012 intersected
4.15 metres at 8.04 g/t gold, 154.5 g/t platinum and 245.8 g/t palladium,
including
2.0 metres at 14.05 g/t gold, 304.6 g/t platinum and 488.5 g/t palladium

- Ultra high-grades of platinum and palladium are hosted mainly by iron
oxide-rich breccias with associated siliceous and haematitic-argillic
alteration

- The Phase II drilling results indicate a shallowly dipping and plunging
mineralised zone (the Western Mineralised Zone) outside the Central
Mineralised Zone, along at least 50m strike length, open to the northeast,
southwest and laterally
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Wednesday, September 2, 2009

Canadian Stock Research - QUEENSTON MINING INC

Canadian Stock Research News Update:

"Queenston Announces $14 Million Financing"

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2009) - QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI)(STUTTGART:QMI) ("the Company") announced today that it has entered into an agreement with Primary Capital Inc., as lead agent on behalf a syndicate of agents (collectively, the "Agents") in connection with the offering of 2 million units of the Company for gross proceeds of up to $14 million. Each unit is priced at $7.00 and will consist of one flow through share and one warrant (the "Unit"). Each warrant will entitle the holder to purchase one additional common share of the Company at a price of $7.50 for a period of 18 months from the date of closing. One million Units of the offering are on a private placement guaranteed basis and up to one million Units are on a best efforts basis. The flow-through shares will be offered by way of private placement to accredited investors in the Province of Ontario.

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Canadian Stock Research - Royal Roads Corporation

Canadian Stock Research News Update:

"Royal Roads intersects high-grade sulphide clasts in Buchans drilling campaign"

HALIFAX, Sept. 2 /CNW/ - Royal Roads Corp. (RRO - TSX-V) ("Royal Roads") announced initial results for the first three holes of a planned five hole, 4,000 metre diamond drilling program designed to test prioritized targets generated by Titan 24 geophysical surveys within the former Buchans Mining Camp in central Newfoundland, Canada.

The most encouraging results are returned in drill hole H-09-3411, located approximately 200 metres southeast of the Clementine prospect, which intersected four high-grade massive sulphide clasts up to 7 centimetres in diameter between 525 and 531 metres in depth. Of particular significance in this intercept is a 0.10 metre section assaying 12.90% lead, 18.60% zinc, 0.69% copper, 55.20 g/t silver, and 0.30 g/t gold (32.19% combined lead%+zinc%+copper%; between 530.8 and 530.9 metres). This intercept occurs within the Clementine Horizon (mineralized breccia horizon) seen in nearby historic holes which may be proximal to thicker debris flow style of mineralization similar to that mined by former mine operators, Asarco, within the former MacLean and Rothermere mines.


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Tuesday, September 1, 2009

Canadian Stock Research - Questerre Energy Corporation

Canadian Stock Research News Update:

"Questerre Utica Shale Discovery Assessed at Over 4 Tcf"

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2009) -

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) announced that Netherland, Sewell & Associates, Inc., ("NSAI") an independent reservoir engineering firm based in Texas, has estimated the prospective original gas in place for the Utica shale in the deep fairway in the St. Lawrence Lowlands at 150 Bcf per square mile, which is 66% higher than earlier industry figures. NSAI has further estimated Questerre's prospective recoverable resources to range between 2.2 Tcf - 8.0 Tcf with a best estimate of 4.28 Tcf, equivalent to 360-1,300 million barrels of oil equivalent.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "We are very pleased the report confirms the significance of our discovery in Quebec. This is the first time we have released estimates of our Utica gas discovery."
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Monday, August 31, 2009

Canadian Stock Research - Noront Resources

Canadian Stock Research News Update:

"Noront Resources reports final assays on Blackbird chromite deposit, McFauld's Lake"

TORONTO, Aug. 31 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce assay results from the final 30 diamond drill holes recently completed on its Blackbird chromite deposits, located in McFauld's Lake in the James Bay Lowlands.

A total of 92 holes (25,477 metres) were drilled at during the most recent drill program and drill operations were completed in June 2009. The primary goal of this drilling campaign was to define a National Instrument 43-101 compliant resource for the Blackbird chromite deposits. The preparation of the resource estimate is currently being undertaken by Micon International Limited and is expected to be completed in the fourth quarter of this year.

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