US Gold Corp and Brigus Gold Benefit From Long Term Uptick in Demand

6 hours ago by Marketwire

 Gold stocks have been volatile of late as concerns regarding Europe's debt crisis resurfaced this week. While gold is traditionally seen as a safe haven in a slowing economy, Phillip Streible, a senior strategist with MF Global, explains that "with renewed concerns that Europe will not have any progress any time soon, you are seeing investors take profits on the stock markets and that spills over to the metal markets." Gold demand remains robust, however, as India and China continue to hoard the precious metal. The Bedford Report examines investing opportunities in the Gold Industry and provides equity research on US Gold Corporation (NYSE: UXG) (TSX: UXG) and Bigus Gold Corporation (NYSE Amex: BRD) (TSX: BRD). Access to the full company reports can be found at:

www.bedfordreport.com/UXG
www.bedfordreport.com/BRD

A report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 per cent. Presently India accounts for 32 percent of the global jewellery and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC.

China and India jointly accounted for 51 percent of global gold demand for investment and jewelry. According to the World Gold Council, Chinese demand for gold as an investment surged 70 percent in 2010 from a year earlier, outpacing all other markets in terms of the rate of change in demand for gold bars and coins as a store of value.

The Bedford Report releases stock reports on the Gold Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The bulls who believe that gold prices will continue to surge may be inclined to look into gold miners. Investors in gold miners are banking on rising earnings, as gold prices rise, to provide value. Some miners sound confident that gold's run will continue and have started new mining ventures. However the sale of several gold sites may suggest that the industry peaked earlier this year.

The Bedford Report provides Investment Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Contact:
The Bedford Report
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SOURCE: The Bedford Report

http://www2.marketwire.com/mw/emailprcntct?id=318F1FE43D7EBE76

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Rare Earth Elements discovered by TNR Gold Corp.

TNR Gold Corp.

TSX VENTURE : TNR

October 25, 2011 10:13 ET

TNR Gold Corp.: Preliminary Results at Seabrook Niobium-Rare-Earth Elements Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2011) - TNR Gold Corp. (TSX VENTURE:TNR) ("TNR" or the "Company") is pleased to announce the Company has completed preliminary work at the Seabrook Niobium and Rare Earth Elements ("REE") Property (the "Property") in northern Ontario.
Key Highlights:

• Preliminary analyses confirms significant historical REE grades;
• 45% of samples report >0.20% TREO;
• Cerium, Neodymium, Lanthanum and Niobium oxide grades range up to:
  3,233 ppm Ce₂O₃, 1,779 ppm Nd₂O₃, 1,163 ppm La₂O₃, and 1,903 ppm Nb₂O₅; and
• Preliminary soil orientation survey completed, awaiting results.

"We are encouraged by the rare-earth element levels and the corroboration of historical results reported from this initial sampling program," states Gary Schellenberg, President and CEO of the Company. "This was the first step in a fully warranted comprehensive evaluation of the multi-commodity potential of the Property."
Seabrook Niobium – Rare-Earth Elements Project Update
Results from 22 geochemical and mineralogical characterization samples (grab samples*) are consistent with historical work by exploration companies and published work by Ontario government geologists. The following table summarizes samples containing greater than 0.20% Total Rare-Earth Oxides + Yttrium ("TREO+Y").

Sample ID	TREO%	CeO2 ppm	Nd2O3 ppm	La2O3 ppm	Nb2O5 ppm
16205	0.71	3233	1779	1163	594
16204	0.48	2026	1065	842	1903
16206	0.42	1851	799	903	302
16222	0.31	1242	549	634	436
16207	0.28	1283	702	365	144
16203	0.28	1236	500	585	388
16211	0.27	1277	552	568	346
16216	0.25	1032	545	486	104
16209	0.24	1113	367	620	396
16208	0.24	1089	321	677	714

The Seabrook Carbonatite Complex hosts Niobium and Rare-Earth Element mineralization with Light Rare-Earth Elements (LREEs) dominating. LREEs account for 94% of TREO+Y in samples with ≥0.20% TREO+Y. Three LREEs account for approximately 84% of TREO+Y in samples with ≥0.20% TREO+Y. These are Cerium (~44%), Neodymium (~20%) and Lanthanum (~20%).

This initial survey of the property was conducted under the supervision of Dr. Frederick Breaks, P. Geo., and the Company's special advisor on Rare - Earth Element ("REE") exploration. Further mineralogical work is underway. Subsequent to the identification of historical workings in the hematite alteration zone an orientation soil survey was conducted in this area. Results of the soil survey are pending.

*Note: grab samples are by definition selective and are unlikely to represent average grades on the property.

About the Seabrook Project
The Seabrook Project is located 100 kilometres northeast of Sault Ste. Marie in northern Ontario, covers 512 hectares and is accessible year round. The property encloses the Seabrook Carbonatite Complex which forms the area of prospective geology. Access to the property is by major paved highways with the final 10 kilometres on unpaved forest service road. Electrical transmission lines cross the southwest corner of the property.

The Seabrook Carbonatite is approximately 1.5 x 2.5 kilometres in area and elongated along a north-south trend forming a tadpole shaped complex consisting of sovite and silicocarbonatite in the bulbous northern portion and ijolite in the tail to the south. The entire complex is enveloped by a well developed aureole of fenitized granitic rocks.

Limited historical exploration of the Seabrook Carbonatite has indicated significant REE potential. In 1955, W. Bussineau reported 4 grab samples* grading 0.6, 1.5, 4.7 and 10.3% Nb₂O₅. In 1971, Canpac Minerals Ltd. and Gunnex Ltd. reported grab samples grading up to 0.90% Nb and outlined 3 areas of high Nb values that were never followed up by drilling. In 1977, as part of a geological survey of the Chapleau area for the Ontario Division of Mines, Thurston et al published data on a sample from a hematite-rich carbonate rock estimated to cover a 90m by 90m area and grading 0.47% Ce₂O₃ and 0.22% La₂O₃ where only those two Rare-Earth Elements (Ce and La) were analyzed.

Mr. John Harrop is the Company's qualified person on the Seabrook Project and as required under NI 43-101 and has reviewed the technical information contained in this press release.

Terminology used in this News Release
REE (Rare-Earth Element): any of Lanthanum (La), Cerium (Ce), Praesodymium (Pr), Neodymium (Nd), Samarium (Sm), Europium (Eu), Gadolinium (Gd), Terbium (Tb), Dysprosium (Dy), Holmium (Ho), Erbium (Er), Thulium (Tm), Ytterbium (Yb) and Lutetium (Lu) which form the Lanthanide series. Yttrium (Y) is also included as a REE.

TREO (Total Rare-Earth Oxides): The chemical component each REE is often given as an oxide rather than simple element. The combined total of La₂O₃, CeO₂, Pr₂O₃, Nd₂O₃, Sm₂O₃, Eu₂O₃, Gd₂O₃, Tb₂O₃, Dy₂O₃, Ho₂O₃, Er₂O₃, Tm₂O₃, Yb₂O₃ and Lu₂O₃ is given as an aggregate grade summary. TREO+Y indicates Y₂O₃has been included in the aggregate.
LREE (Light Rare-Earth Element): Elements Lanthanum to Europium
HREE (Heavy Rare-Earth Element): Elements Gadolinium to Lutetium and Yttrium.
RM (Rare Metal): A number of metallic elements not included in other groups such as REE, precious metals, base metals, etc. Although Rare Metals are not as rigorously defined as other groups and have quite different chemistry, they generally include Li, Be, Rb, Cs, Zr, Nb, Hf and Ta. Other elements are sometimes included.

ABOUT TNR GOLD CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR remains a large shareholder in ILC at 28% of outstanding shares.

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

On behalf of the board,
Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

• 
  
  TNR Gold Corp.
  Gary Schellenberg
  President
  (604) 687-7551 or 1-800-667-4470
  (604) 687-4670 (FAX)
  info@tnrgoldcorp.com
  www.tnrgoldcorp.com
  
  

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Brigus Gold optioning none core assets for cash and shares in Cangold Ltd

Brigus Gold Completes Option of 75% Interest in Its Ixhuatan Gold Project in Mexico 

7 hours ago by Business Wire

 Brigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD)(TSX: BRD) announces that Cangold Limited ("Cangold") has received regulatory and TSX Venture Exchange approval and has completed its previously announced transaction with Brigus. The terms of the transaction provide Cangold with the option to acquire a 75% interest in Brigus' Mexican subsidiary (the "transaction") that owns the Ixhuatan gold project ("Ixhuatan Project"), an advanced exploration stage project located in Chiapas, Mexico.

Cangold has filed an updated Canadian National Instrument 43-101 report on the project (P. Secombe, May 18, 2011) and has completed a definitive option agreement with Brigus. Pursuant to the terms of the transaction, Cangold has paid Brigus Cdn$1.0 million and has issued 6.0 million Cangold shares to acquire the initial option and will be required to pay Brigus Cdn$1.0 million and issue 6.0 million Cangold shares after 12 months and an additional Cdn$3.0 million and 4.0 million Cangold shares after 24 months. To exercise its option and acquire a 75% interest in the Ixhuatan Project, Cangold will then be required to pay Brigus Cdn$5 million and issue 4.0 million Cangold shares as well as complete an independent third-party feasibility study on the Campamento Deposit within 36 months. Following Cangold's exercise of the purchase option, Cangold and Brigus will hold a 75% and 25% interest respectively and will be responsible for their pro-rata costs in jointly developing the Ixhuatan deposit. Brigus will retain a 2% Net Smelter Return royalty over the project and upon commencement of commercial production, will also receive a payment of Cdn$5.00 per ounce of gold in the Proven and Probable category included in the feasibility study.

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus Gold has completed its transaction to sell a 75% interest in the Ixhuatan Project located in the state of Chiapas to Cangold. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements
Statements contained in this news release which are not historical facts are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the National Instrument 43-101 report, feasibility study, advancement and development of the Ixhuatan Project, production from the Ixhuatan Project, the closing of the transaction with Cangold, and Cangold's planned share consolidation and financing are forward-looking statements and involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading "Risk Factors" in Brigus' financial report filings on www.sedar.com and www.sec.gov and with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.

SOURCE: Brigus Gold Corp.

Brigus Gold Corp. 
Jennifer Nicholson CA 
Vice President, Investor Relations 
902-422-1421 
ir@brigusgold.com

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Talison Lithium Sales up 53% as company experiences strong demand, tightening supply for Lithium

Talison Lithium Limited

TSX : TLH

October 11, 2011 06:00 ET

Talison Lithium Announces Preliminary First Quarter 2012 Sales Volume

PERTH, WESTERN AUSTRALIA--(Marketwire - Oct. 11, 2011) - Talison Lithium Limited (TSX:TLH) ("Talison" or the "Company") today announced its preliminary sales volume and production results for the three months ended September 30, 2011 ("Q1 FY2012"). The Company also provided an update on its three growth projects encompassing its Australian capacity expansion, lithium minerals conversion plant and Salares 7 brine project.

Preliminary Results
Sales volumes remain capacity constrained
Q1 FY2012 tonnes sold increased 53% compared to Q1 FY2011, to 80,315 tonnes lithium concentrate (or approximately 12,000 tonnes lithium carbonate equivalent ("LCE")). Demand remains strong for all of Talison's technical and chemical-grade lithium concentrates. Sales volume is currently limited by the capacity of the processing plants at the Greenbushes Lithium Operations, and is expected to remain constrained until completion of the expansion of production capacity in Q4 FY2012.

The Company noted that sales are made in large shipments to customers, in varying proportions of technical-grade and chemical-grade lithium concentrates, which may result in variations between production and sales volumes in individual quarters. Q1 FY2012 production was 90,708 tonnes lithium concentrate (approximately 13,500 tonnes LCE), a 12% increase compared to Q1 FY2011. The difference between tonnes produced and tonnes sold in the quarter is due to orders in the process of being fulfilled.

Volume*		Three Months Ended Sept 30, 2011		Three Months Ended Sept 30, 2010		Percentage Change
Production		90,708		80,729		12%
Sales		80,315		52,525		53%
* Tonnes of lithium concentrate

Peter Oliver, Chief Executive Officer, commented, "Talison continues to experience strong demand from customers across the world. This demand, together with a recent tightening in global lithium supply is expected to enhance Talison's pricing in the 2012 calendar year."

Growth Projects

Greenbushes Stage 2 Expansion On Schedule and On Budget
The Stage 2 Expansion at the Greenbushes Lithium Operations continues to proceed on schedule and on budget. The finished product stockpile is now complete, and foundations for the new chemical-grade plant are being constructed.
The Company continues to expect commissioning of the Stage 2 Expansion during Q4 FY2012 and is receiving strong interest from new and existing customers for output from the expansion. Upon completion, the Stage 2 Expansion will double current production capacity to approximately 740,000 tonnes per annum lithium concentrate (approximately 110,000 tonnes per annum LCE).
To view the photo "Work on the new chemical-grade plant as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" asscociated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011a.jpg
To view the photo "New finished product stockpile as part of the Stage 2 Expansion at the Greenbushes Lithium Operations" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011b.jpg

Proposed Minerals Conversion Plant
Responding to growing global demand for an additional secure supply of lithium carbonate, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant"). Plant capacity is proposed to be 20,000 tonnes per annum LCE in the first stage, and an additional 20,000 tonnes per annum LCE in the second stage.
A location study for the Minerals Conversion Plant is in progress. Potential locations have been narrowed to the Greenbushes Lithium Operations or one other Western Australian location.
The external engineering consultant is preparing estimates of capital costs and operating costs, which should be completed by the end of this calendar year. Based on initial indications of operating costs, Talison believes that it will be a globally competitive lithium carbonate producer.

Salares 7 Project – Phase 2 Exploration Program
Following the receipt of outstanding results for both lithium and potassium from the initial drilling at the Salares 7 Project in Chile, Talison is accelerating its exploration program and expects to invest approximately US$5 million on the Phase 2 program in FY2012.

A new custom built sonic drill rig with specific capabilities to suit the ground conditions at the Salares 7 Project is being assembled and the camp at the Project has recently reopened following the Chilean winter.
The Phase 2 program includes approximately 5,000 metres of drilling at Salar de la Isla, Salar de Las Parinas, Salar de Aguilar and Salar Grande, with the objective to define a lithium mineral resource estimate at Salar de la Isla.
To view the photo "Camp reopened at the Salares 7 Project, Chile" associated with this press release, please click on the following link: http://media3.marketwire.com/docs/tlh1011c.jpg
New Offices in Shanghai and Santiago
Talison recently opened an office in Shanghai to support its growing business in China. Talison has been operating successfully in China for over 10 years, and the new office will assist the Company in strengthening relationships with new and existing customers.
Talison is also establishing an office in Santiago to facilitate the development of the Salares 7 Project. This office will support the exploration, environmental and process test work currently being conducted by the Company in Chile.
Financial Results Release November
Talison will release its financial results for Q1 FY2012 in mid-November, 2011.
Peter Oliver, Chief Executive Officer and Managing Director of Talison will host a conference call to discuss the results.
Teleconference and replay call details will be distributed prior to the release of financial results.
About Talison
Talison is a leading global producer of lithium. Talison has been producing lithium concentrate for a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Region III, Chile.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release, including any information as to Talison's mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute "forward-looking information" within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "predicts", "potential", "continue" or "believes", or variations (including negative variations) of such words, or statements that certain actions, events or results "may", "could", "would", "should", "might", "potential to", or "will" be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management's expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.
Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison's market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison's mining operations; the costs of Talison's hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the Audited Annual Report of Talison and the related notes thereto as at June 30, 2011 and for the year ended June 30, 2011and under the heading "Risk Factors" in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison's SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.
Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

Contact Information

Investor Relations:
ICR, LLC
Gary T. Dvorchak, CFA
Senior Vice President
+1 (310) 954-1123
Gary.Dvorchak@icrinc.com

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Brigus Gold Q3 production rises

Brigus Gold Corp

(TSE-BRD) (NASDAQ-BRD)

UPDATE 1-6 hours ago by Thomson Reuters

Oct 13 (Reuters) - Canada's Brigus Gold Corp said third-quarter gold production rose at its wholly-owned underground mine in Ontario. 

Gold production at the company's Black Fox underground mine, located near Timmins in Ontario, rose 7 percent to 16,838 ounces from 15,688 ounces in the last quarter. 

For the same period, the company processed 189,674 tonnes of gold at an average grade of 2.9 grams per tonne.
Mill throughput averaged 2,062 tonnes per day for the third quarter.
Shares of the company closed at C$1.14 on Wednesday on the Toronto Stock Exchange. (Reporting by Arnav Das Sharma in Bangalore; Editing by Saumyadeb Chakrabarty)



(Retirefund Notes: Insider reports show that company officers have been buying Brigus stock from Nov 2010 through October 7th, 2011.  There are no sells) 

Expert Analysis

Kerry Smith, Haywood Securities (7/28/11) "Brigus Gold Corp. rates a Sector Outperform with the release of assays from nine more holes, of which six holes returned significant assays in the recently named 147 Zone located 4 km. to the southeast of the Black Fox mine. . .the best hole (GF11-244) hit 20.11 g/t over a core width of 16m, including 34.06 g/t gold over 5m. . .assays continue a trend of high-grade results in many of the holes, with most of the assays returning 3m–4m widths grading 6–9 g/t gold. . .this zone continues to demonstrate a very high hit ratio with over 70% of the holes delivering ore-grade intercepts. So far this zone is showing reasonable down-dip continuity typical of the Timmins camp and we expect further positive results over the year as the company continues its planned 25,000m of drilling."

The Gold Report Interview with Mike Niehuser (7/6/11) "We also were on Brigus Gold's analyst day visiting their Black Fox gold mine and mill near Timmins, Ontario. Management has succeeded in eliminating the hedge book and reducing debt. Brigus has about $29M in cash and expects to produce over 73 Koz. of gold in 2011 at about $625/oz. As the company ramps up underground outputs with higher grades, production is expected to increase to over a 100 Koz. in 2012 and costs should drop. In addition to this scheduled upside in the near term, the area is known for deep underground gold mining. Brigus has had great exploration success near surface down the trend in the Contact and 147 Zone. Together, this indicates good potential to increase production and the life of the mine. Improving prospects in the near and midterm should lead to Brigus achieving an entirely new investment profile."

Kerry Smith, Haywood Securities (7/6/11) "Brigus Gold has released assays from six more holes, all with significant assays, in the newly named '147 Zone' located 4 km. to the southeast of the Black Fox mine: The best hole (GF11-206) hit 3.94 g/t over a core width of 24.2m, including 6.86 g/t over 11.8m. Assays, now to a vertical depth of 240m in hole GF11-206, continue a trend of high-grade results in many of the holes."

Kerry Smith, Haywood Securities (6/21/11) "In Q111, Brigus Gold produced 8,772 oz. Au (in line with our model) at a cash operating cost of US$1,097/oz. (lower than our estimate); as previously noted, Black Fox had a difficult Q111, as ore from the Phase II open pit was not available to feed the mill (open-pit ore was sterilized by the old underground ramp and vent raise, and could not be mined until this old infrastructure was decommissioned and moved). Commercial production from Phase II was achieved in April, and underground production continues to ramp up with commercial production expected this month. . .the 147 Zone discovery has the potential for up to 200 Koz. for every 100m of vertical extent—a very significant discover, though in early stages, is delivering some excellent grades and widths."

HRA Dispatch (6/21/11) "Brigus Gold has released its Q1 results, which essentially boil down to management contending that the basic pain from the Black Fox refit is behind it; BRD expects to generate 73&38211;80 Koz. this year at a cash cost of about $600/oz. Drill results out yesterday show both high-grade and bulk-tonnage intercepts are well above current averages."

Black Fox Mine, Timmons, Ont

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Rodinia Lithium Receives Preliminary Processing Results for Lithium Recovery at the Salar de Diablillos Project

Rodinia Lithium Inc.
TSX VENTURE : RM
OTCQX : RDNAF


- A Favourable Preliminary Brine Processing Report has Been Received for Diablillos
- Excellent Results With Average Recovery of Lithium of 65 Percent 

- Relative to Lithium Carbonate Production, Co-Products of Potash (at A Rate of 13:1) and Boric Acid (at A Rate of 1:1) Are Expected to Be Harvested 

- A Conventional Recovery Process That Will Employ A Combination of Solar Evaporation and Chemical Processing to Produce Lithium Carbonate

TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to announce that it has received a preliminary processing report for its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. The report is authored by Mr. Robert Cinq-Mars and describes a detailed process to recover lithium carbonate from the subterranean brines of Diablillos. The proposed lithium recovery process is a combination of solar evaporation steps, in-field brine treatment, co-product potash ("KCl") and boric acid recovery, and chemical processing to produce lithium carbonate. The process results in a high lithium recovery of 65% once the brine is saturated producing 131,200 tonnes of KCl sylvinite and 10,250 tonnes of boric acid for every 10,000 tonnes of lithium carbonate.
William Randall, President & CEO of Rodinia, commented "This processing report demonstrates the high quality brines of the Diablillos aquifers, resulting in a clean and efficient process with excellent recoveries of lithium. The low impurity levels, in particular magnesium and sulphate, allow for the harvesting of potash as a high impact co-product. The brine quality also ensures that the processing requires conventional reagents at moderate levels, meaning that we will not need to source expensive and hard to find chemicals. I would like to thank Mr. Cinq-Mars for his hard work and expertise that has produced this low-cost method. The findings described in the report will be incorporated into our upcoming Preliminary Economic Assessment."
The process was designed from initial brine with an average composition of 580 mg/L lithium, 7200 mg/L potassium, and 520 mg/L boron. The initial magnesium to lithium and sulfate to lithium ratios were 3.4 and 14.8 respectively. The process contemplates a series of ponds from largest to smallest, where the largest is used to bring brine to saturation and is designed to be unlined, reducing the capital cost of pond construction. Brine extracted from the final pond will have a concentration of approximately 12% lithium chloride and will be transported to the treatment facility, where boric acid and lithium carbonate are produced.
The process was developed and designed by Mr. Robert Cinq-Mars. Mr. Cinq-Mars has a wealth of experience in process design and management. His work experience includes 20 years in the lithium industry. During his time with Lithium Corporation of America, subsequently purchased by FMC Corporation, Mr. Cinq-Mars was Manager of New Resources and Process Development. Mr. Cinq-Mars' work included process research and development of three routes to recover lithium from new reserves, physical evaporation studies in laboratory to support process design, and identification of alternate lithium resources in the world.
The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.
Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m³ grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.
Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311

Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696

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Talison Lithium Q1 sales volume rises 53%

(Stock up 85% in 6 days)
UPDATE 1-7 hours ago by Thomson Reuters

Oct 11 (Reuters) - Talison Lithium sold 53 percent more lithium concentrate in the first-quarter, helped by strong demand for the product from electric vehicle battery makers. 

The Perth-based company, however, expects sales volume to remain constrained till its production capacity is expanded in the fourth quarter.
Quarterly production rose 12 percent to 90,708 tonnes of lithium concentrate. Sales volume rose 53 percent to 80,315 tonnes of lithium concentrate, the company said in a statement. 

Talison Lithium has been producing lithium concentrate from Greenbushes, located in southwest Australia, for over 25 years, and explores for lithium in Salares, in Chile's Atacama desert.

The company's shares, which are listed on the Toronto Stock Exchange, closed at C$2.98 on Friday. (Reporting by Gowri Jayakumar in Bangalore; Editing by Roshni Menon)

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Rodinia Lithium Confirms High Transmissivity and Effective Porosity of Brine-Containing Sediments With Initial Pumping and Tracer Test Results

Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX: RDNAF)
is pleased to provide an update on progress at its Salar de Diablillos project ("Diablillos" or "Salar") located in Salta Province, Argentina. Results for the first series of pumping and tracer tests performed at Diablillos have been processed, resulting in high transmissivity and effective porosity values. The estimated total transmissivity is more than 300 m2/day with horizontal hydraulic conductivity of about 4 m/day. The estimated effective porosity is 15%. These parameters translate to higher recovery rates per well and an overall higher recovery of the in-situ brine in the event of production.

William Randall, President & CEO of Rodinia, commented "The results of these pump tests are a resounding success for the company and an important step in confirming the productive potential of the Salar. The resultant high transmissivity and effective porosity values, as determined by these tests, confirm Diablillos' very large recoverable resource, and allow us to estimate the well requirements for our upcoming Preliminary Economic Assessment, which we expect to be able to deliver in the fourth quarter of this year." 

The pumping test site consisted of two pumping wells and four monitoring wells. Pumping tests were performed for 18 hours and 72 hours, using tracer dye injected in an observation well within the lower sediments to monitor brine flow, and a cyclone to neutralize the effects of the gas dissolution from the brine.
SRK Consulting ("SRK") was retained earlier this year to design and supervise the pumping tests as well as to complete the upcoming Preliminary Economic Assessment. SRK has a demonstrated record of accomplishment in undertaking independent assessments of mineral resources and mineral reserves, project evaluations and audits, technical reports and independent feasibility evaluations to bankable standards on behalf of exploration and mining companies and financial institutions worldwide. SRK has also worked with a large number of major international mining companies and their projects, providing mining industry consultancy service inputs. SRK is a leading international practice in due diligence, scoping, pre-feasibility and feasibility studies that employs seasoned specialists in each field of science, geology and engineering. They have extensive experience with in-situ recovery and brine extraction type projects around the world, including Argentina.

 SRK's team is led by Terry Braun and Dr. Vladimir Ugorets as Qualified Persons for the project. Dr. Ugorets has more than 32 years of professional experience in hydrogeology, developing and implementing groundwater flow and solute-transport models related to mine dewatering, groundwater contamination, and water resource development. Dr. Ugorets' areas of expertise are in design and optimization of extraction-injection wellfields, development of conceptual and numerical groundwater flow and solute-transport models, and dewatering optimization for open-pit, underground and ISR mines.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.
The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43-101.

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:
Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
info@rodinialithium.com
www.rodinialithium.com

SOURCE: Rodinia Lithium Inc.

mailto:info@rodinialithium.com
http://www.rodinialithium.com

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