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Viva Chile -- First miner is rescued
From The Associated Press
via Yahoo News
Tuesday, October 12, 2010
http://news.yahoo.com/s/ap/lt_chile_mine_collapse
SAN JOSE MINE, Chile -- Florencio Avalos, the first of 33 miners to be rescued, has surfaced after 69 days underground.
He stepped out of a rescue capsule amid sobs from his young son and received a bracing bear hug from Chilean President Sebastian Pinera.
Avalos smiled widely as he hugged rescuers, then Pinera, as his wife, two sons, and father looked on. His 7-year-old son, Bairo, sobbed, as did Chile's first lady, Cecilia Morel. Then Avalos was escorted into a medical triage center for the first of a battery of tests.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
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Thursday-Friday, October 21-22, 2010
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Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
