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NEW! COMMERCE RESOURCES CORP. (TSX:CEE) Reports Robust Economics from Preliminary Economic Assessment for the Ashram Rare Earth Element Deposit, Northern Quebec Read More

Highlights:

Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years.
SGS’s economic evaluation was based on the March 6, 2012 resource estimate which used a base case geologic cut-off grade of 1.25% TREO and provided 29.3 million tonnes (Mt) of measured and indicated resource, as well as 219.8 Mt of inferred resource averaging 1.88% TREO.

LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013 Read More

Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.

Lomiko Metals is a *Sponsor | Visit the Lomiko Metals HUB

GRAPHITE: Demand Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More on AGORACOM Blog

DISCOVER GRAPHITE FACTS, NEWS AND INVESTMENTS

Visit AGORACOM Graphite Stocks Blog Visit Blog

2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

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News

posted on Jun 05, 08 01:17PM

PRESS RELEASE
New developments at the Mont-de-l?Aigle property
Rimouski, June 5 2008 ? Ressources Appalaches (APP-TSXV) is pleased to announce
the resumption of work on its Mont-de-l?Aigle property in the Gasp? region by Threegold
(THG-TSXV).
In January 2007, Appalaches signed an agreement with Threegold for additional work on
its Mont-de-l?Aigle property. Threegold obtained an option to acquire a 50% share in the
property by investing $2,000,000 in exploration work over a period of five years,
including a commitment to spend $500,000 over the first two years.
In a release dated June 5 2008, Threegold states that the Company is currently drawing
up a program for the Lemieux Dome including about 10,000 metres of drilling and
miscellaneous reconnaissance work, most of which will specifically target the northern
portions of the property optioned from Ressources Appalaches, with the objective of
securing a 50% interest. In addition, three copper showings on the Appalaches option
(Hatie, Ruisseau Anomalie, and Eagle-Gasp?sie) will also be investigated this year. The
Company has put together an exploration team which, with the support of specialized
consultants, will ensure the effective conduct of the field work; Threegold plans to invest
$1.2M on the Lemieux Dome Project during2008.
Previous work by Appalaches has indicated the potential for discovery of an IOCG [ironoxide
copper gold]-type?? copper deposit in this part of the Dome.
www.ressourcesappalaches.com
The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this press release.
? 30 ?
Pour additional information:
Andr? Proulx Samuel Saint-Laurent
President Investor Relations
418-724-0901 418-723-0854
info@ressourcesappalaches.com

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