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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