US Dollar Collapse: Reversal in Confirmation TNR.v, CZX.v, GRC.to, NGQ.v, GBN.v, ASM.v, EPZ.v, KTN.v, FVI.to, MGN, VTR.v, GDX, SLV, HUI, XAU, BTT.v,

"We will speculate on the real events behind the scene on a day of Cyber Meltdown: spectacular Dow Crash by the magnitude of 1000 point in fifteen minutes. We will develop a very strong argument in favour of Inflation and its cost based on PhD Thesis: At what point price of Oil becomes prohibitive to use Helicopters by Ben Bernanke in his open market operations. We will draw some lines on How Lithium, Gold and price of Oil are connected and what it means to be grounded. In the end we will leave you with the question: Where to invest - In Ben Bernanke, Ink Factory, Helicopters, Oil or Gold and Lithium?
Our memories from 2008 meltdown and the last deflation strike in March of last year are still too vivid for us to stay rational amid recent market panic of this week. Was it the fat finger, Cyber Meltdown or revenge of the Government Sachs, which was striped of its Olympus glamour is not so important - the most important message is the reaction of the Market itself and actions of the people in charge to follow."

We have further confirmation of US Dollar Bearish reversal with double Top in the making now. We need to clear 85.17 on the down move to make it decisive. China's confirmation of confidence in Euro was the last shoe to drop for Green Fellow levitation: as you can see below it was a very expensive exercise. Markets were again in a free fall and they better stop now at the key technical levels. Second Deflation Scare episode is almost over and price will be paid by further debasement of all currencies against the Gold, Silver and Oil amongst other commodities.

Dow is in Bullish Reversal now at the key technical level confirming the third test of the lower band of recent trend. We have a very bullish candle two days ago and yesterday the level was retested by late day selling. Today's action provides another confirmation for Deflation Scare to be subsiding and Euro panic is slowing down with news from China, declining review of SAFE Euro holdings. Fear index below is confirming its Reversal and appetite for Risk assets will be coming back with further improvement in indicators fooled by flood of liquidity provided. Euro bail out with almost 1 Trillion in USD terms and QE on the run have shadowed domestic bills for another 30 billion in Job support program and further requests for capital from bottomless Freddy and Fannie.

Risk appetite is coming back and this Summer can be really Hot in some sectors, we think that Oil starting from 70 USD now after this Second Deflation Scare on sovereign default will provide necessarily catalyst for the move above 90 USD. Our Lithium play will be enjoying next bull leg up with oil passing north of 80 USD.

"Recent Oil Spill shows the real price for Oil and leaves no doubt for us that there will be no more cheap oil: offshore drilling is costly now, it will be even more costly later. Relatively cheap Oil is in the hands of state owned companies in not so friendly to U.S. places. Oil squeeze will come from diminishing production rates and rising Inflation. The move will be even more explosive than in the Gold market - in the end only minority of people is effected by the gold price even now, Oil is the underlining of all Western Energy Diet. It is not sustainable. Emerging markets are taking more and more share of world wide production, oil producing countries are spending more at home. If you account all cost to produce, deliver and protect Oil supply to U.S. corp the price is already above 150 USD/barrel.
"Peak Oil and Lithium: Joint Operating Environment 2010
Please pay attention, this report is written by those who knows the Real Price of Oil. If you account all military needed to protect Oil supply lines and cost of wars to get more oil, price will be well above 150 USD/barrel already. Now we all have another problem: there is simply no more oil enough for all. Will future wars for oil be the only answer?"
Another "liberation" operation like Iraq, this time against Iran will break the camel's back with no return point. Competition for Oil is heating up and aggressive move by China into Electric Cars leaves no other options for US than to follow. In order to keep power China needs gradually improve standard of living, it will bring upside pressure on labor cost. Electrification will not only provide Energy Security to China, but will significantly reduce the cost of its transportation element and provide another opportunity to stay among low cost producers. Situation is completely different to U.S. - they have capital to invest in Electric Mobility CAPEX now and rip the rewards of lower cash cost on transportation side later. We will refer you to the Economics of Electric Cars.
Recent Ash Cloud events in Europe brought a very sobering sense of the feeling to be grounded. It is amazing how many things are taking for granted. This time it is Ash Cloud - what will happen with oil above 150?
Electric Cars is the only commercially viable technology today to sustain mobility world wide with rising Oil prices. Lithium is at the heart of Green Mobility revolution - it is an industry adopted standard for batteries and billions of dollars are invested into battery technology and upcoming by the end of this year Electric Cars on a mass market scale. This Bull market is still very young - only a year or so from the beginning after the crash of 2008.
We will provide you with few links to study the subject further:"

Canada Zinc Metals arranges $3-million placement CZX.v, TNR.v, BLS.to, LUN.to, QUA.to, FCX, CUU.v, DON.v, BWR.to, CS.to, BHP, RTP, RIO, IMN.to,

"CZX’s Cardiac Creek deposit (Akie property) represents one of the top 10 largest undeveloped zinc deposits on the planet. The deposit is very good grade with a very high grade section within it that could be mined first (quicker payback of capital). CZX also has a very large prospective land package – this represents a district scale opportunity in mining friendly BC, Canada. Infrastructure in the area is relatively advanced (full road access, railway, power facility, deep sea port). Neighboring property / deposits owned by big players Teck Resources and Korea Zinc. We are going to China to visit Tongling and other Chinese companies next week for further discussions on our project development"

"Tongling exercises its warrants at 20% premium to the market today (0.50CAD) - it is a very positive sign of commitment. Now Chinese company holds 17.5% in Canada Zinc Metals CZX.v, when will they bid for the whole company? Another important shareholder is Lundin Mining LUN.to With new Bailout in Europe direction is to Inflation and Commodities are the place to be. Another company we are following here is engaged in this Chinese M&A in Canada story: TNR Gold Corp. with International Lithium Corp. where CZX has a stake. Will shareholders in TNR Gold wake up one morning with new Chinese connection one day?"

With recent market meltdown Canada Zinc Metals provides another very good Entry point into this Chinese M&A play in Commodities in Canada. Markets are signaling that risk appetite could be back now and Company reports that after Chinese Tongling has exercised their warrants at 0.6CAD it was able to secure another sizable financing at that level with more than 20% premium to the market.

"Canada Zinc Metals arranges $3-million placement

2010-05-27 07:44 ET - News Release
Mr. Peeyush Varshney reports
CANADA ZINC METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Canada Zinc Metals Corp. has arranged a private placement of five million units at a price of 60 cents per unit for gross proceeds of up to $3-million.
Each unit will consist of one common share and one-half share purchase warrant of the company. Each whole warrant will entitle the holder to purchase one additional common share at a price of 80 cents for a period of 18 months from closing.
A finder's fee of 7 per cent will be paid on the private placement. The private placement is subject to TSX Venture Exchange approval.
The proceeds of the private placement are anticipated to be used for further exploration of the Akie Sedex zinc-lead deposit and for working capital purposes.
About the Akie and Kechika regional properties
The Akie zinc-lead property is situated within the southernmost part (Kechika trough) of the regionally extensive Paleozoic Selwyn basin, one of the most prolific sedimentary basins in the world for the occurrence of Sedex zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead Sedex mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel formation. The company has outlined an NI 43-101-compliant inferred resource of 23.6 million tonnes grading 7.6 per cent zinc, 1.5 per cent lead and 13.0 grams per tonne silver (at a 5-per-cent zinc cut-off grade).
Two similar deposits, Cirque and Cirque South Cirque, located approximately 20 kilometres northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101-compliant) grading approximately 10 per cent combined zinc and lead.
In addition to the Akie property, Canada Zinc Metals controls a large contiguous group of claims which consist of the Kechika regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100-per-cent-owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3 per cent zinc and lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company's claims (77,889 hectares), with the exception of a small isolated block (2,293 hectares), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until Dec. 8, 2018."

Gold in Canada: Goldstone Resources Exploration Update GRC.to, PG.to, GG, ABX, AEM, NEM, GDX, HUI, XAU,

One more property of Goldstone Resources will be under drill starting from June, and Premier Gold delivers solid results from Hardrock - with Gold at all time high stock should move with the results.

Welcome to Goldstone Resources Inc.
Goldstone Resources Inc. is a major force in gold exploration and development, combining significant historic and newly discovered resources and exploration potential in the Beardmore-Geraldton Camp in Northwestern Ontario.The company benefits from extensive existing infrastructure above and below ground including an upgraded, fully-permitted mill. Goldstone’s Brookbank and Northern Empire Mine properties both have NI 43-101 compliant resource estimates, containing a combined total of indicated and inferred resource in excess of one million ounces of gold. Overall, the ten formerly productive mines on Goldstone lands — including the Leitch Mine, at one time, Canada’s richest — produced in excess of 4 million ounces of gold, remained open at depth, and offer major untapped potential through extensions and parallel occurrences. In addition to gold resources and exploration targets on its 100% owned properties, Goldstone enjoys a 30% carried interest in The Hardrock Project, a joint venture with Premier Gold Mines Limited as operator. The recent Hard Rock Project NI 43-101 Mineral Resource highlights include:- Indicated Resources of 11.6 million tonnes at an average grade of 1.82 grams per tonne (g/t Au) (2.43 g/t Au uncut) hosting 675,000 ounces Au cut (905,000 ounces Au uncut).- Inferred Resources of 7.3 million tonnes at an average grade of 1.81 g/t Au (3.52 g/t Au uncut) hosting 425,000 ounces Au cut (830,000 ounces Au uncut).
Goldstone is currently planning an aggressive exploration and drilling program for 2010. In addition to extensive data evaluation and surface exploration across the area, Goldstone plans to carry out drilling on targets currently being identified from a review of historic records and correlation of recent drilling with analysis of the 2009 aeromagnetic survey results.

Goldstone Resources Exploration Update

Press Release Source: Goldstone Resources Inc. On Thursday May 13, 2010, 8:00 am EDT
TORONTO, ONTARIO--(Marketwire - 05/13/10) - Goldstone Resources Inc. ("Goldstone" or "the Company") (TSX:GRC - News)(PINK SHEETS:GRSZF - News) is pleased to provide an update on our exploration efforts in the Beardmore-Geraldton area of northern Ontario. Following the merger of Ontex Resources and Roxmark Mines in late 2009 to form Goldstone, a large geological and historical production database has been examined to prioritize exploration targets.
KEY LAKE, GERALDTON
The Key Lake property will be the focus of approximately 15,000m of diamond drilling, scheduled to start on June 1st. Historical drilling by Cyprus Amax and Placer Dome in the 80's and 90's has outlined a 2.5 km long band of gold mineralization that appears to have low grade open pit potential. Goldstone plans to twin some of these historical holes and systematically drill along the 2.5km strike length to explore this potential. This property is located approximately 14km west of the Hardrock Project, where Premier Gold (in joint venture with Goldstone) has announced impressive open pit and underground results.
LEITCH-SAND RIVER MINE, BEARDMORE
In the Beardmore area, compilation and prioritization of targets is ongoing. Several promising areas with limited exploration on strike from the high grade Leitch-Sand River mines will be the focus of diamond drilling later in the fall. Additional programs of ground geophysics, trenching and mapping will be conducted on targets in the area that exhibit structural and geological similarities to the historical high grade deposits.
Mike Kilbourne (P.Geo) is the Qualified Person for the information contained in this press release, and is a Qualified Person within the meaning of National Instrument 43-101.
About Goldstone
Formed by late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a well funded gold exploration and development company operating in the historically significant Geraldton-Beardmore area of Northwestern Ontario and focused on gold exploration and deposit delineation at its Brookbank, Northern Empire, Leitch-Sand River and Key Lake gold properties in the Beardmore Camp. At a 3.4 g/t gold cut-off grade, drilling has established 1.36 million tonnes grading 9.7 g/t gold containing 424,400 ounces of indicated resource and 1.09 million tonnes grading 7.9 g/t gold containing 276,600 ounces of inferred resource at Brookbank. (See National Instrument 43-101 technical report -"Technical Report on the Brookbank Gold Deposit, Beardmore - Geraldton Area, Northern Ontario, Canada" by Scott Wilson RPA Inc. dated May 4, 2009, as filed on SEDAR).
In addition, Goldstone has a 30% carried interest in the Hardrock Project in the Geraldton Camp, a joint venture with Premier Gold Limited, with Premier as operator.
Goldstone Resources Inc.
Further information is available on the Company's website at http://www.grcmines.com/ and on SEDAR under the Company's profile at http://www.sedar.com/.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise."

Revenge of the Masters: Cyber Meltdown - Gold above 1200 TNR.v, GRC.to, BVG.v. BVA.v, KTN.v, EPZ.v, RVM.v, ASM.v, BTT.v, GBN.v, HUI, XAU, GDX, GG, NEM

Whether it is a revenge of Government Sachs or "just" a Quant Cyber Glitch is not so important - we have another the most important message today: Gold has officially became the New Reserve Currency of choice. With melting down market, when nobody was sure what was happening, Gold stood Long and Strong. In a sharp contrast to 2008 panic, when everything was sold for the run to safety of US Treasuries, this time Gold finally became the safe heaven.

Rise of the Machines multiplied by Greece fear have send another important message - if somebody want a strong US Dollar they should be ready for the chart above. Strong dollar is the Deadly Deflation Spiral - it is Spring 2009 all over again in a fifteen minutes of trading day. Yesterday's pictures of social unrest in Greece and today's "Fat Finger Cyber Glitch" will leave strong memories and Inflation will the most welcome outcome. Another important point - it is easy to be done and QE will be all over again.

Please note that all markets: FX, Stocks and Bonds have been contaminated with panic from Cyber Glitch in U.S. but TSX has much less dramatic move and Gold stock were strongly up by the end of the day.

Please be sure that troops are ready and money flood will be open again, it does not mean that the market will not have a correction, but it means that monetary base will be expended again even to a greater extend and this means only one: Inflation - Gold was screaming today about, Commodities, Oil and Energy Metals: Lithium and REE to follow. Trend to diversify from ALL Paper Fiat currencies into the real things started by Chinese will be accelerated.

Cyber Meltdown: Dow is down almost 1000 to 9900 in fifteen minutes. Somebody for a Strong Dollar? Deflation Spiral is back - wait for Ben and Helicopters...This time Gold is not fooled around and retakes 1200 again. Next week will be crucial for Gold: will it be a Double Top or break out to the upside?

Canada Zinc Metals: 2010 AKIE PROPERTY EXPLORATION PROGRAM CZX.v, LUN.to, FCX, RTP, BHP, HBM.to, NG.to

Canada Zinc Metals CZX.v stays as a wild card in the game with Chinese Tongling owning 13%. With recent activity in share price of CZX.v, we will not be surprised that Canaccord is right and company will be taken out at one stage. In this case Chinese Tongling as a shareholders in TNR Gold will add spice to the game around this huge Copper and gold mine in Argentina."

Will be interesting to see whether Tongling will exercise its warrants at 0.6CAD this month, drilling program will continue to define resources at this deposit with open blue sky potential of further discoveries in this prospective region and everybody is waiting for the next move by Chinese company.

More on Canada Zinc Metals.

"June 1, 2009
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."

2010 Akie Property Exploration Program
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN

TNR Gold Subsidiary Serves Notice of Back In Into Los Azules to Minera Andes and Secures Standby Credit Facility TNR.v, CZX.v, MAI.to, ABX, NG.to, FCX

"If it was a joke - it can become the bad one. As we understood from Minera Andes NR, which came out first on 1st of April: TNR Gold approached Minera Andes in negotiations in order to exercise its back-in right in Los Azules project. Rob McEwen CEO of Minera Andes decided to reject TNR Gold's claim of back-in right and sided with Xstrata, his response to TNR Gold discussion was a writ against TNR Gold filed to court on Fools' Day. We are not talking about manners here, but move is a very symbolic: he has welcomed before the lawsuit from his another partner, which he calls "partner from hell" and now attempts to block TNR Gold back-in right even before the deadline in agreement with Xstrata which is on 23rd of April according to Minera Andes NR. Our take from here is that maybe TNR Gold was able to finance its backing in and produced a proposition strong enough for Minera Andes to rush to court on such an unusual day. Looks like junior has received another chance to challenge the legal situation with an early back-in attempt, way before the major legal battle with Xstrata scheduled this Fall. The very important issue for development of Los Azules - ownership for Escorpio IV stays with TNR Gold until court decision in the Fall. Escorpio IV will accommodate part of the mining facilities according to Minera Andes Preliminary Economic Assessment of the Los Azules. We have been expecting that Rob McEwen will be more flexible in apparent discussions with TNR Gold and can secure 100% property including Escorpio IV in a deal with TNR Gold, now this question will be in the legal space. We think that we do understand his motivation: it is very difficult to announce that Los Azules does not belong to him 100% until the court decision in TNR Gold case with Xstrata after so many NRs stating just that. Legally Minera Andes has disclosed lawsuit between TNR Gold and Xstrata in its filings, but for some of the Minera Andes shareholders relying on company's presentations and NR's this news, that ownership of Los Azules is challenged by TNR Gold in lawsuit pending resolution was out of the blue."

Background on Los Azules, TNR Gold claims, Minera Andes and Xstrata.

TNR Gold has announced today a very important milestone in the development of the company: management and, what is very important, investors behind this financing are not discouraged by any legal rhetoric from Xstrata and Minera Andes and methodically advancing their legal case in Los Azules back-in right case.

Company reports that as part of its legal strategy TNR Gold secured the credit facility and have notified Minera Andes about an early back-in right into the Los Azules project.

It looks like money will be used only in case of successful litigation progress and this bridge loan allows company to finance the back-in right without dilution of TNR Gold and International Lithium Corp. at these price levels, which do not reflect the possible success in litigation.

You can review Los Azules project details in Minera Andes presentation.

Recent news on developments at Los Azules can be found here and for further reference we will address you to the latest TNR Gold presentation.

Every legal case brings uncertainty and you should address it in a legal statement below.



TNR Gold Subsidiary Serves Notice of Back In Into Los Azules to Minera Andes and Secures Standby Credit Facility

04/23/2010 [ACCESSWIRE]
Vancouver, B.C.: Compañía Minera Solitario Argentina S.A.(“Solitario”), a wholly owned subsidiary of TNR Gold Corp. ("TNR"), has served notice to Minera Andes Inc. exercising its back-in right for 25% of certain of the properties (the “Properties”) constituting the Los Azules project in Argentina (the “Los Azules Project”). TNR also entered into a standby credit facility in the aggregate principal amount of CAD$5 million (the “Facility”) for a term of one-year. The proceeds from the Facility have been placed in a trust account to be released on closing of the exercise of the back-in right.
TNR has issued 2,272,727 common shares to the lender as partial consideration for the Facility and has agreed to issue another CAD$500,000 of common shares with a deemed price equal to the 10-day volume weighted average trading price as of the day prior to the court’s decision in certain circumstances where TNR is successful in its litigation with respect to the back-in right. In addition, TNR has paid a corporate finance fee of CAD$305,000.
The right of TNR and Solitario to exercise the back-in right for the Los Azules Project is subject to a legal action commenced by Minera Andes Inc., Minera Andes S.A., Los Azules Mining Inc. and Andes Corporacion Minera S.A. (the “MAI Group”) against TNR and Solitaro in which the MAI Group is disputing Solitario’s ability to waive the production of a feasibility study and issue a back-in notice at this time. The action seeks declaratory relief that any back-in notice is invalid, void or of no force and effect, and advances a claim for costs. TNR is also in a legal dispute with MIM Argentina Exploraciones S.A. ("MIM") a subsidiary of Xstrata PLC, over the language of the back-in clause of the Exploration and Option Agreement entered into between Solitario and MIM. In the action, TNR is also seeking confirmation of its ownership in the Escorpio IV property, which is located adjacent to the Los Azules Project and a declaration that the Escorpio IV property is excluded from the Exploration and Option Agreement. A court date has been set for the fall of 2010.
ABOUT TNR GOLD
TNR and International Lithium Corp (“ILC”) are diversified metals exploration companies focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 12, 2010 news release or visit http://www.internationallithium.com

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the companies’ commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg
President

Cautionary Language and Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that TNR expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. In particular, there are no assurances that TNR will be successful in the current litigation with respect to the Los Azules Project and its back-in right and there are no assurances that TNR will be able to refinance the Facility in the event that the closing with respect to the Properties is delayed beyond the term of the Facility. Accordingly, readers should not place undue reliance on forward-looking statements. This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

We have a position in this company, please, do not consider anything as an investment advise, as usual, on this blog.

US Dollar collapse: Puru Saxena - Inflation 101 TNR.v, CZX.v, AMM.to, BVG.v, SGC.v, VTR.v, GRC.to, BTT.v, GBN.v, RVM.to, FVI.to, AUY, GDX, HUI, XAU,

"Inflation is a function of printing press, credit expansion. Higher prices will come as a result of created money chasing the same amount of goods. Here is our Gold and Silver play as a store of value.
If these liquidity flood will find its ways into one tiny, but very important sector with Trend starting factors in place we will have our Elvis moment there. It will be pockets of Growth and magic word here is "Low Base". Growth from this place is Explosive by definition. We call it Next Big Thing - Bull market, when "Cool Factor" is multiplied by "Big If".

Brilliant piece on inflation in a plain English from Puru Saxena, add here Ron Paul to the total understanding of the moment and its consequences.

321Gold.com:



Inflation 101



Puru Saxena
Jan 15, 2010

We want all our readers to understand that inflation is a disaster for society and it only benefits the elite. In fact, we will go even further by stating that inflation is a hidden tax, an insidious crime against the public. It is the easiest way for any government to confiscate the savings of the public and for generations, wealth has been transferred in this manner.
In our opinion, inflation is evil and the sole reason why human beings have become modern-day slaves. Remember, money is supposed to be a store of value, however due to reckless central bank-sponsored inflation, it can no longer fulfill this critical role. This is precisely the reason why human beings are never satisfied with what they have because nobody knows what their savings will buy them in ten or twenty years time. So, rather than enjoy their lives, the vast majority of people continue with their never ending pursuit of acquiring even more money! Unfortunately, nobody questions the inexplicable loss of the purchasing power of their savings, thus, central banks get away with financial murder.
It is our contention that inflation distorts the economy, it brings great harm to the public and it encourages speculation and mindless risk-taking. In fact, inflation acts as a poison for retired people since they are no longer able to earn more money in order to maintain their standard of living. So, thanks to inflation, most senior citizens are unable to enjoy the fruits of their labour.
Before we delve further, we want to make it absolutely clear that inflation is defined as the increase in the quantity of money and debt within an economy. And contrary to what the governments want you to believe, inflation is certainly not an increase in the general price level within an economy. Instead, an increase in the general price level within an economy is a consequence of inflation. Allow us to explain this subtle yet critical difference:
For the sake of simplicity, let us assume that America’s money-supply is US$100 and this is the amount available to buy the five oranges its economy produces. Common-sense dictates that under this situation, each orange will cost US$20. Now, let us introduce a banking-cartel called the Federal Reserve, which is able to extend credit (via its debt-based fractional reserve banking system); thereby inflating the supply of money within America to US$1,000. Under this scenario, with a 10-fold increase in money available to purchase the same amount of produce, each of the five oranges will now cost a whopping US$200!
Hopefully, you can see from the above simplified example, how an inflation in the supply of money and debt causes prices to increase within an economy.
So, if inflation is terrible and makes life difficult for the vast majority of people, why is it allowed? The truth is that the banking cartel lives off this inflation by collecting interest on the loans it creates ‘out of thin air’. Believe it or not, banks lend you money which did not exist prior to you borrowing this money and you pay them interest for the pleasure! Thanks to the ‘genius’ of fractional reserve banking, banks are able to create loans equal to ten times the amount of money deposited with them! Therefore, the banks collect interest on a loan-book which is ten times the size of their deposit base and they can do this because they know that not all their depositors will want to withdraw their savings on the same day.
In order to ensure the continuity of this fraudulent system, central banks and governments hoodwink the public into believing that an expansion in the supply of money and debt is not inflation. Rather, they mislead the public by claiming that the consequence of inflation (increase in prices) is in fact inflation! Look; prices within an economy do not just rise on their own. After all, an orange is still an orange, it does not change. What changes is the purchasing power of paper money which is used to buy that orange.
Furthermore, in its attempt to manipulate the masses, the establishment does everything in its power to suppress the official ‘inflation barometer’. Governments achieve this goal by shamelessly doctoring their Consumer Price Index (CPI) and Producer Price Index (PPI) calculations via various seasonal and hedonistic adjustments. Figure 1 highlights the discrepancy between the CPI-U published by America’s Bureau of Labour Statistics and the SGS Alternate CPI which is calculated by Shadow Government Statistics using the old methodology. As you can see, over the past 20 years, prices have been rising much faster than the officials would have you believe.
Figure 1: Governments understate the inflation menace

Source: John Williams’ Shadow Government Statistics

Apart from diminishing the purchasing power of savings, inflation also creates unfair advantages for the elite. When a new cycle of inflation (expansion of money-supply and credit) commences, usually the governments and banks have first access to this newly created money and they obtain this cash at a time when prices within the economy are still depressed. Therefore, these powerful entities are able to buy inexpensive goods by using this newly created money. Now, by the time this surplus money has permeated through the economy and reached the masses, prices have usually risen significantly by then. Accordingly, the public gets access to the additional money at a time when prices are much higher than the commencement of the inflationary cycle!
Let there be no doubt, inflation is a total disaster and our world will be better place without this reckless money-creation. Contrary to official dogma, our world experienced tremendous progress during the 19th century and during that period, there was no inflation. Figure 2 shows the changes in America’s Consumer Price Index (CPI) over the past two centuries. As you will observe, the CPI fell for most of the 19th century as the purchasing power of the American currency rose. However, since the formation of the Federal Reserve in 1913, the CPI has exploded causing the purchasing power of the US Dollar to spiral downwards. .
Figure 2: Who says inflation is dead?

Gold in Canada: Bravo Reports Gold Recoveries from 87% to 92% in Metallurgical Test Work at Homestake Ridge BVG.v, GG, NEM, ABX, GDX, GRC.to, RR.v, PG

Bravo Ventures is moving up from low band channel with signal Buy on Volume and all other indicators in neutral to positive (Slow STO). We have another important piece in this developing Gold deposit in Canada today - positive metallurgy. Last financing and dilution has brought a speed bump for this play, rising gold price and coming new encouraging drilling results will overcome it with a new highs this season.

"We are in agreement that it is time to rotate into Junior mining sector. After this consolidation, once investment public will realise that Gold will stay above 1000 USD/oz and it was not a final blip, money will go into Juniors, which still lack as a sector previous excitement of Bull Legs Up. Silver moves will be more dramatic, as usual, with double drivers of Inflation and Commodity High Tech Recovery play.
Economy is not rosy at all, but it is our ticket to the Growth. There is always Bull market somewhere. Debts could be only inflated away, do not bet on the Green Fellow - that this counter rally is for real. Orderly decline for Us Dollar is the name of the game.
Gold recent top coincided with Chinese calling for a Gold Bubble - they will be the buyers and keep it above 1000 USD/oz in a few months from now. Central banks become a Buyers in the Gold market with China, India and Russia now increasing positions. It will be the new driver."

Bravo Reports Gold Recoveries from 87% to 92% in Metallurgical Test Work at Homestake Ridge

Press Release Source: Bravo Venture Group Inc. On Monday January 11, 2010, 1:31 pm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/11/10) - Bravo Venture Group Inc. (TSX-V:BVG - News)(Frankfurt:B6I - News) announced today that calculated gold recoveries ranging from 87% to 92% were returned from initial metallurgical testing on composite samples from its Homestake Ridge Project, NW British Columbia.
The company reported that the test work, which was conducted on a blend of composites from three different areas in the Main Homestake deposit, involved combinations of gravity separation, flotation, whole ore cyanidation and concentrate cyanidation to derive four separate process flowsheets. These resulted in calculated recoveries of 87% to 92% for gold and 59% to 70% for silver.
Gravity recovered 35% of the gold and 20% of the silver into a gravity concentrate. Lock-cycle flotation tests on gravity tails yielded gold, silver and copper recoveries of 85%, 84% and 95%, respectively, while direct cyanidation of gravity tails yielded gold and silver extractions of 87% and 49%, respectively.
Rougher flotation of gravity tails yielded 92% gold and silver recoveries into a rougher flotation concentrate. Cyanidation of reground rougher flotation concentrate yielded gold and silver extractions of 88% and 60%, respectively.
Metallurgical work is being conducted at SGS Lakefield Research Limited under the supervision of Melis Engineering Ltd. of Saskatoon, Saskatchewan.
President Joe Kizis comments, "We are pleased that our initial metallurgical test work has verified our belief that metal recovery should be quite attractive. Further optimization is necessary, of course, but several acceptable recovery options are available. Metallurgical test work continues, particularly on the Hangingwall Silver horizon portion of the Main Homestake deposit, and we are planning to initiate test work on our new discovery, the Homestake Silver deposit."
Detailed Discussion of Results
Composite 'HR'
Test work was conducted on Composite 'HR', a blend of three sub-composites from the Main Homestake deposit, which was chosen to test both significant head-grade and to approximate the average mineralogical properties of much of the Main Homestake deposit. The sub-composites, which sampled over 235 metres of mineralized interval, represented higher-grade sulphide-rich mineralization from two different areas of the deposit and shallow, lower-grade siliceous mineralization from a third area of the deposit. The analyzed head grade for Composite HR was 6.24 g/t gold 12.7 g/t silver and 0.14% copper.
Mineralogical work on samples from Composite HR, which included Scanning Electron Microscopy, revealed that the samples consists mainly of potassium feldspar (35.2%), quartz (27.5%), and moderate amounts of calcite/dolomite (7.8%), sulphides (less than 8.0%), clays (3.2%), chlorite (2.4%), and other minor components. Chalcopyrite, which accounts for most of the copper in the sample, is a minor component at 0.5%. Trace amounts of other sulphides, such as sphalerite, galena, arsenopyrite and pyrrhotite, are also present. Pyrite makes up 92.3% of the sulphides.
Gold is present as free particles, and attached or locked in particles of pyrite and silicate minerals. Numerous gold grains, some as large as 100 to 150 microns, were observed.
Silver is present as native silver, electrum, krustelite, hessite, silver tetrahedrite, acanthite, pyrargyrite, and as an alloy with antimony.
Process Options
The test work considered four process flowsheets, all incorporating gravity recovery at the front end of the circuit. These included:
�
-- Option 1 - gravity recovery then flotation of gravity tails to produce a
gold/silver concentrate with low copper values for sale to a smelter
-- Option 2 - gravity recovery then on-site dore smelting of gravity
concentrate and flotation of gravity tails to produce a gold/silver
concentrate with low copper values for sale to a smelter,
-- Option 3 - gravity then whole-ore cyanidation and dore production on
site,
-- Option 4 - gravity then flotation of rougher concentrate and cyanidation
of gravity and rougher concentrate and Dore production on site.
Metallurgical Efficiencies
Gravity recovery yielded 35% of the gold and 20% of the silver into a gravity concentrate representing approximately 0.05% of the feed weight. Gravity tails thus contained 65% of the gold and 80% of the silver.
Lock-cycle flotation tests on gravity tails yielded gold, silver and copper unit recoveries of 85%, 84% and 95%, respectively, into a concentrate representing 4.5% of the feed weight. The overall gross recovery of a gravity/flotation circuit was thus estimated at 90% for gold, 87% for silver and 95% for copper.
Direct cyanidation of gravity tails yielded gold and silver extractions of 87% and 49%, respectively, representing overall gross recoveries of 92% for gold and 59% for silver for a gravity/cyanidation circuit.
Rougher flotation of gravity tails yielded 92% gold and silver recoveries into a rougher flotation concentrate representing 20% of the feed weight. Cyanidation of reground rougher flotation concentrate yielded gold and silver extractions of 88% and 60%, respectively, representing gross overall recovery values of 88% for gold and 64% for silver for a gravity/flotation/cyanidation circuit.
Flowsheet Comparison
Based on the metallurgical test results and a composite head grade of 6.24 g/t gold, 12.7 g/t silver and 0.14% copper, the estimated recoveries for each of the four process options are summarized as follows. Note that recoveries listed in Options 1 and 2 assume that the concentrate is marketable (an assessment of potential smelters will form part of the on-going work for the project) and include deductions for typical copper concentrate smelter payment terms to make the values comparable to recoveries from cyanidation.
�
--------------------------------------------------
Table 1
Bravo Venture Group Inc. - Homestake Ridge Project
Estimated Recoveries for Different Process Options
--------------------------------------------------
% Recovery Estimate
------------------------------
Process Option Au Ag Cu
--------------------------------------------------
1 87 69 60
--------------------------------------------------
2 88 70 60
--------------------------------------------------
3 92 59 0
--------------------------------------------------
4 88 64 0
--------------------------------------------------
Option 1 - Recoveries listed include deductions for typical copper concentrate smelter payment terms for gold, silver and copper assuming the combined concentrate is saleable, based on a combined concentrate representing 4.5% of the feed weight and a calculated concentrate grade of 125 g/t gold, 245 g/t silver and 3.0% copper. These recovery values do not include any deduction for concentrate treatment charges, penalty charges or transportation costs.
Option 2 - Recoveries listed include deductions for typical copper concentrate smelter payment terms for gold, silver and copper assuming the flotation concentrate is saleable, based on a flotation concentrate representing 4.5% of the feed weight and a calculated concentrate grade of 70 g/t gold, 175 g/t silver and 3.0% copper. These recovery values do not include any deduction for concentrate treatment charges, penalty charges or transportation costs.
Test work Composite HR is essentially complete except for some tailings analyses and a detailed concentrate analysis, which is due in early 2010.
Composite 'SZ'
Test work was also begun on Composite 'SZ', a fourth and mineralogically distinct sub-composite of samples from the Hangingwall Silver horizon of the Main Homestake deposit, and will be completed in early 2010. It will include lock-cycle testing to quantify flotation recoveries under conditions approaching steady state, and mineralogical examination of the composite to determine the mode of occurrence of silver and gold. The assay for this composite is 12.4 g/t gold, 1,366 g/t silver, 0.07% copper, 0.4% lead and 0.91% zinc.
The mineralogy of Composite SZ is similar to mineralization identified in the newly discovered Homestake Silver deposit, which is located approximately 700 metres to the southeast of the Main Homestake deposit and was the focus of recent drilling by Bravo at the Homestake Ridge Project.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak- Premier stratigraphy. Pursuant to the recently announced "Plan of Arrangement", Bravada Gold Corp. will focus on exploring Bravo's extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.
We seek safe harbor.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management."

Gold: Goldstone Resources Inc. Deep drilling at Hardrock intersects high grade gold including 10.05g/t (0.29 oz/ton) gold over 24.2m(79.4 feet) GRC.to

"Goldstone Resources Inc. is a major force in gold exploration and development, combining significant historic and newly discovered resources and exploration potential in the Beardmore-Geraldton Camp in Northwestern Ontario.
Formed late in 2009 by the merger of Ontex Resources Ltd. and Roxmark Mines Ltd, the company benefits from extensive existing infrastructure above and below ground including an upgraded, fully-permitted mill. In addition to gold resources and exploration targets on its 100% owned properties, Goldstone enjoys a 30% carried interest in The Hardrock Project, a joint venture with Premier Gold Mines Limited as operator.
Goldstone’s Brookbank and Northern Empire Mine properties both have NI 43-101 compliant resource estimates, containing a combined total of indicated and inferred resource in excess of one million ounces of gold. Overall, the ten formerly productive mines on Goldstone lands — including the Leitch Mine, at one time, Canada’s richest — produced in excess of 4 million ounces of gold, remained open at depth, and offer major untapped potential through extensions and parallel occurrences.
Goldstone is currently planning an aggressive, multi-rig drilling program for 2010 and awaiting a NI 43-101 report to be issued early in the year by Premier Gold Mines, summarizing results of the exploration and drilling efforts on The Hardrock Project.
Goldstone Resources Inc trades on the Toronto Stock Exchange under the symbol GRC
Learn more about Ontex Resources Ltd.
Learn more about Roxmark Mines Ltd."

This Canadian Gold play - one of our Top Picks for 2009, is getting better and better with new high grade intersections. Roxmark Mines became a part of the new company Goldstone Resources GRC.to after merger with Ontex Resources. We have considered it as Canadian Gold M@A Play with premier buying out 30% of Hardrock project at some point.

Management of Roxmark was not very active, to put it mildly, before Premier moved into the Hardrock. All success later came as a result of a very aggressive exploration by Premier Gold and Hardrock is shaping up into a multi million Oz gold deposit now.

We will still have to see whether this merger was an attempt for the Roxmark management to hide from Premier acquisition and termination into the corner office or Ontex team will be able to bring a new dimension to the combined assets apart from Hardrock, including mill and former producing gold properties in Greenstone Belt.

Recent consolidation has given us a good opportunity to reenter the Play below 0.2CAD in Roxmark after taking initial profit in 2009.

We will revisit our Top Picks for performance for 2009 and will review Top Picks for 2010 later.

Premier Gold - Deep drilling at Hardrock intersects high grade gold including 10.05g/t (0.29 oz/ton) gold over 24.2m (79.4 feet)

Shares Issued: 84,452,179

THUNDER BAY, ON, Jan. 5 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) announced today that multiple deep drill holes have intersected broad zones of high-grade gold mineralization below the bottom level of the historically mined North Zone at the Hardrock Project in Northwestern Ontario. Highlights include intercepts of 10.05 grams per tonne gold (g/t Au) across 24.2 metres (m) or 0.29 oz/ton across 79.4 feet; and 8.41 g/t Au across 22.9 m, or 0.25 oz/ton across 75.1 feet. This drilling confirms that the North Zone deposit is wide open at depth.

    North Zone Deeps     ---------------- 

All holes drilled to test the down-dip potential of the mine have intersected multiple zones of gold mineralization to 100 metres below the mined portion of the North Zone. Significant intercepts include:

    -   39.20 g/t Au across 4.8 m (1.14 oz/ton gold across 15.7 feet) in         MM050      -   18.86 g/t Au  across 3.3m (0.55 oz/ton across 10.8 feet) in MM050A      -   21.90 g/t Au across 1.5m (0.64 oz/ton across 4.9 feet) in MM079      -   8.41 g/t Au across 22.9m (0.25 oz/ton across 75.1 feet) including         15.95 g/t Au across 8.1m (0.47 oz/ton across 26.6 feet) in MM079A      -   10.05 g/t Au across 24.2m (0.29 oz/ton across 79.4 feet) including         20.76 g/t Au across 5.4 m (0.61 oz/ton across 17.7 feet) in MM079B 

Stephen McGibbon, Premier's Executive VP and COO, said, "Hardrock continues to exceed even our optimistic expectations. These solid results bode well for our forthcoming resource estimate and our ongoing aggressive drilling program. During 2010 we are eager to continue to further outline both the open pit and underground potential of Hardrock."

Table 1 below provides a full summary of significant results from the deep drill program received to date. Ongoing drilling will continue to step out down-plunge to the west in an effort to further define the potential of the North Zone deposit.

The longitudinal section in Figure 1 profiles the location of the new deep drill intersections in relation to the bottom (2000 foot) level of the mine. The North Zone was previously mined to a depth of 610 metres (2,000 feet) with production of 2.97 million tons at a recovered grade of 0.22 oz/ton (7.54g/t Au). This drilling demonstrates that this zone remains wide open for expansion at depth.

A full presentation detailing the location of this deep drilling is available at the Company's website http://www.premiergoldmines.com/."