Gold/Mining/EnergyYukon Gold Rush II

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From: Rocket Red6/25/2011 2:41:08 PM
   of 2296
Yukon Once Again a Leading Address for Gold Exploration
By Peter Kennedy | 6/1/2011

He spent eight years living in a tin Yukon shack, and has no formal training in mineral prospecting.

But that didn’t stop Shawn Ryan from becoming the toast of the mineral industry last year when his Yukon gold discoveries triggered a massive staking rush that is expected to make the barren Canadian territory one of the world’s leading addresses for gold exploration this year.

Lured by the hope of striking it rich, roughly 140 mining companies will be active in the Yukon this summer, according to the Yukon Chamber of Mines, which expects exploration spending in the region to top $250 million in 2011.

That will mark a new record for a territory that hasn’t seen this level of activity for over a century.

“There is a lot of excitement right now,’’ said Lee Pigage, the acting head of mineral services with the Yukon Geological Survey (YGS) in Whitehorse. “In terms of claims staked and activity going on, we think it is the biggest one that the Yukon has seen.’’

At least 15 companies are expected to be drilling gold targets this year, according to the YGS. (For a full list, check below).

Some say the Yukon is at the start of a multi-decade exploration boom that is comparable to the early 1980s in Nevada, the U.S. state that ranks among the world’s leading gold producing areas and is home to the flagship operations of two of the world’s leading gold miners, Barrick Gold Corp. (TSX: T.ABX, Stock Forum) and (NYSE: ABX, Stock Forum) and Newmont Mining Corp. (NYSE: NEM, Stock Forum).

The Yukon is renowned for its placer (riverbed) operations which have yielded almost four million ounces of gold since the Klondike days of the 1890s. But the latest staking rush is a response to bedrock gold discoveries in the so-called White Gold district about 90 kilometres south of Dawson City and the Selwyn Basin, 55 kilometres northeast of Keno City.

Industry officials say they are the result of the painstaking prospecting and persistence of Ryan who went looking for the source of the placer gold, thinking it must have come from a local source.

“You had to believe that this beast (or mother lode) exists out there,’’ he said during an interview that is posted on the Prospectors and Developers Association of Canada (PDAC) website.

Ryan is widely credited for successfully applying deep soil sampling techniques that led to the discovery in 2004 of an anomaly that he later optioned to Underworld Resources, a company that was swallowed in March 2010 by Kinross Gold Corp. (TSX: K.T, Stock Forum)

Another nearby discovery, known as the Coffee project, has been optioned to Kaminak Gold Corp. (TSX: V.KAM, Stock Forum); a company that is expected to have four drills running on its properties this year. The 40,000-metre drill program is expected to cost $15 million.

But industry officials say it was discoveries on Atac Resources Ltd.’s (TSX: V.ATC, Stock Forum) Rackla gold project in the Selwyn Basin that really set the staking rush in motion.

“It triggered a huge staking rush that has not abated to this day,’’ said Yukon Chamber of Mines President Claire Derome

One of the leading players in the field is Golden Predator Corp. (TSX: T.GPD, Stock Forum), a Vancouver company which has staked about 18,000 claims in the Yukon, or roughly 10% of the available ground.

Golden Predator recently caused a ruckus in the Yukon by spending $140,000 to snap up all of the available claim tags, roughly 70,000 in all. “We wanted to stock up so we don’t run short of things,’’ said Golden Predator Chief Executive Officer Bill Sheriff in an interview.

Certain that it pays to be aggressive, the 52-year-old geologist also moved to get a leg up on the competition by recruiting Mike Burke, the former head of the Yukon Geological Survey’s Mineral Services division. “Basically, he is a walking encyclopedia of the Yukon’s geology and minerals business,” said Sheriff.

Golden Predator plans to spend about $12 million drilling properties in the Yukon this year, money that will be split amongst a basket of properties, including Brewery Creek, Clear Creek, Grew Creek and Harlan, amongst others.

Mindful that there could be huge demand for drill rigs this year, Smash Minerals Corp. (TSX: V.SSH, Stock Forum) recently paid $70,000 to ensure that it will have access to a rig on August 1.

“So the pressure is on me and my technical team to get out there and get some drill targets,’’ said Adrian Fleming, Chief Executive officer of Smash.

Prior to taking Smash public in April, Fleming was a co-founder of Underworld Resources, a company that was set up to be a sister to Rob McLeod’s Full Metal Minerals Ltd. (TSX: V.FMM, Stock Forum). That was before McLeod became aware of Ryan’s prospecting work and the fact that some of his properties were for sale.

In an interview, Fleming said he plans to use his Underworld experience to find more gold deposits on the White Gold district, where Smash has optioned 4,177 mineral claims from Shawn Ryan. Much of that ground is adjacent to the east of the property that Kinross picked up through its $136 million Underworld acquisition.

Having already identified three areas of interest for potential drilling, Smash is planning to spend about $4.3 million in the field this year, Fleming said.

Golden Predator’s Bill Sherriff has made a big bet on the Yukon in belief that the territory is in the early stages of an exploration rush that could take decades to unfold.

The view is based in part on the hope that ongoing exploration will uncover the bedrock source of the Yukon’s infamous placer gold operations.

“The likely developments over the next three decades in the Yukon are very similar to what we saw in the first 25 years in Nevada,” said Sheriff. “The reason I think it will last longer in the Yukon is because things will be a bit slower to develop because of the [lack of] infrastructure.’’

Not everyone is sure that the Yukon will yield that kind of riches that have underpinned the success of companies like Toronto-based Barrick. “It’s too early to know whether there is a mine or two,’’ said Pigage.

Fleming said investors should be mindful of the fact that many companies are exploring in remote areas.

However, what will really put the Yukon on the map this year, he says, is if Atac can establish gold resources along the Rau Trend in the central Yukon where the company has identified about a dozen gold and silver targets, including the Tiger zone discovery.

Last summer, the junior unveiled another find in an area known as Osiris about 100 kilometres further east of the Tiger zone, which has all the hallmarks of the Carlin gold trend in Nevada, according to Derome.

Atac Chief Executive Graham Downs said the company plans to spend $20 million this year to complete about 40,000 metres of drilling. “About 95% of that will be dedicated to the Osiris area on the Nadalene Trend,’’ he said. [The Nadalene Trend is described on Atac’s website as a 25-kilometre long belt where six areas of gold mineralization in bedrock have been outlined].

Fleming says he likes the fact that no detailed exploration work had been done in the White Gold areas prior to the arrival of Underworld and Kaminak. When Underworld began drilling on the White Gold property in 2008, no other holes had been drilled in any direction for at least 60 kilometres, Fleming said.

This was in spite of the fact that placer miners had been mining gold in the area since 1892.

Meanwhile, Ryan has created a public vehicle for his interests in about 50 Yukon properties via the December 10, 2010 merger of privately owned Ryan Gold with Valdez Gold Inc. The properties cover 132,697 hectares and are spread right throughout the Yukon.

On April 27, Ryan Gold Corp. (TSX: V.RYG, Stock Forum) unveiled plans to raise $40 million from a private placement financing that will be used to fund exploration on its Yukon projects, including the flagship Ida Oro property, where Ryan plans to drill a gold-in-soil anomaly that was discovered last year.

Shawn Ryan is expected to become President of the company soon.

Separately, here is a full list of the companies that are expected to be drilling gold targets this year. Aside from companies who have already been mentioned, they include: Silver Quest Resources Ltd. (TSX: V.SQI, Stock Forum) Boulevard, Rockhaven Resources Ltd. (TSX: V.RK, Stock Forum) Klaza, Argus Metals Corp. (TSX: V.AML, Stock Forum) Hyland Gold, Northern Tiger Resources Inc. (TSX: V.NTR, Stock Forum) 3Ace, Sprogge, Sonora Gulch, Victoria Gold Corp. (TSX: V.VIT, Stock Forum) (Eagle (Dublin Gulch), Northern Freegold Resource Ltd. (TSX: V.NFR, Stock Forum) Northern Freegold Mtn. area (Nucleus, Revenue) , Pacific Ridge Exploration Ltd. (TSX: V.PEX, Stock Forum) Mariposa, New Pacific Metals Corp. (TSX: V.NUX, Stock Forum) Mt. Skukum, Strategic Metals Ltd. (TSX: V.SMD, Stock Forum) Keg, Stina Resources Ltd. (TSX: V.SQA, Stock Forum) Dime, Solomon Resources Ltd. (TSX: V.SRB, Stock Forum) Ten Mile.

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From: LoneClone6/27/2011 7:43:15 PM
   of 2296
Habanero Resources Inc.: Summer Yukon Work Program Now Underway

Press Release Source: Habanero Resources Inc. On Monday June 27, 2011, 3:01 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO - News; PINK SHEETS:HBNRF - News; FRANKFURT:HRJ - News) wishes to announce that the 2011 Haldane work program is now underway. The first phase of exploration on the Haldane property will consist of road building to the drill site, mapping, prospecting, soil sampling and detailed magnetic surveying to determine the highest priority drill targets over the entire property. Recently, Habanero substantially increased its land position in the Keno Hill Silver Region of the Yukon through the staking of 289 claims for approximately 14,000 additional acres. This now brings the total for the Haldane Silver Prospect to approximately 21,000 contiguous acres bordering Alexco Resources Corp.'s Bellekeno Property. It is anticipated that this phase will be completed early July with the drill program to follow. The Yukon Government's published Minfile database states that between 1913 and 1989, the Keno Hill Silver District produced more than 217 million ounces of silver (5.37 million tons) with average grades of 40.52 oz/ton silver, 5.62% lead and 3.14% zinc, making it the second-largest historical silver producer in Canada.

President Jason Gigliotti stated, "We are excited to now be underway on our 2011 Haldane Silver Prospect. The Yukon is going to be one of the most talked about drill regions globally this summer and Habanero has two Yukon prospects that will be active this summer. We also anticipate work commencing this summer on our Lezai Prospect in Quebec. We recently completed a financing that enables us to fund the initial phase of the work programs on these three prospects. We are looking forward to a very active summer and anticipate updates as to the start times on the White Gold and Lezai Prospects shortly."

Habanero is a diversified junior company with the following prospects; the White Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the Yukon bordering Alexco Resources Corp's Bellekeno property; a sizable land holder within the land prospective for lithium in Alberta; and significant acreage in Quebec bordering Beaufield Resources Inc. and holdings in the Alberta Oilsands.

If you would like to be added to Habanero's email updates list, please send an email to requesting to be added.

To view maps of these projects please go to

Habanero Resources Inc.

Jason Gigliotti, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Jason Gigliotti
Habanero Resources Inc.
604 646 6900

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To: LoneClone who wrote (1364)6/27/2011 8:40:50 PM
From: LoneClone
   of 2296
Eagle Plains/Olympic Execute Option Agreement on Dragon Lake Gold Project, Yukon Territory

Press Release Source: Eagle Plains Resources Ltd. On Monday June 27, 2011, 6:10 pm EDT

CRANBROOK, British Columbia--(BUSINESS WIRE)-- Eagle Plains Resources Ltd. (TSX-V:EPL.v - News) (Pink - News) and Olympic Resources Ltd. (OLA.P) have executed a formal option agreement whereby Olympic will have the exclusive right to earn a 60% interest in the 2,300 acre Dragon Lake project located 85km northeast of Ross River, Yukon. To exercise the option, Olympic must complete $3,000,000 in exploration expenditures, issue 1,000,000 common shares and make cash payments of $500,000 to Eagle Plains over 4 years. Soil geochemical sampling, limited trenching and drilling has been completed by Eagle Plains since 1996 and has indicated that significant gold mineralization is present within property boundaries. Drilling of the property is expected to commence within three weeks.

Property Geology and Mineralization

Mineralization on the property is associated with an elongate Tombstone Suite intrusive which has intruded sedimentary rocks of the Hyland Group. Contact metamorphism related to intrusion of the pluton has resulted in a distinct alteration halo which hosts known mineralization. Work carried out by Eagle Plains in 2010 on the Main Zone included continuous chip trench sampling which returned 4.9 g/t gold over 6.0m, including 6.7 g/t over 4.0m (T-11) and 6.0m grading 2.8 g/t (T-02). A grab sample of material from a 1.2m wide quartz vein returned 19.8 g/t gold. Exploration pits dug in 2010 by Eagle Plains in areas of anomalous soil samples from past programs returned 2.85 g/t gold and 2.25 g/t gold, respectively.

Property History

The property was first staked in 1966 by Kennco Exploration, which completed geological and geophysical survey work. Canamax and Welcome north carried out additional surface work in 1983 and 1988, respectively. Eagle Plains staked the property in 1996 and have completed 7 separate exploration programs in the ensuing years. In 2010, Eagle Plains completed rock and soil geochemical sampling and an airborne geophysical survey.

Update on Kalum Property Option

Eagle Plains has recently received notice that Windstorm Resources Inc. (TSX-V:WSR.v - News) has terminated its option on the Kalum gold property located near Terrace, in west-central British Columbia.

About Eagle Plains Resources

Eagle Plains continues to conduct research, acquire and explore metal projects throughout western Canada. In addition to holding mining royalties on various projects, Eagle Plains controls over 35 gold, base-metal and uranium projects several with third parties including Aben Resources Ltd. (TSX-V:ABN.v - News), Providence Capital Corp. (TSX-V:PV.v - News), Waterloo Resources Ltd. (TSX-V:WAT.P.v - News), Blackrock Resources Ltd. (a private B.C. company); Heemskirk Canada Ltd., Drexel Resources Ltd. (TSX-V), Rosedale Resources Ltd (a private B.C. company), Slater Mining Corp (TSX-V:SLM.v - News), Touchdown Capital Inc. (TSX-V:TDW.v - News), Bluefire Minerals Corp (a private BC company), Active Growth Capital (TSX-V:ACK.v - News) and Giyani Gold Corp. (TSX-V:WDG.v - News). In recent years, Eagle Plains has completed option agreements with Teck Limited ( - News), Alexco Resource Corp. (TSX-V:AXR.v - News), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies, resulting in over 53,600m (163,370’) of drilling and over $28.3 million in exploration spending on its projects since 1998.

Expenditures during 2011 are expected to be approximately $8,000,000 to be funded by Eagle Plains and third party partners. This exploration work will result in approximately 9400m diamond drilling and extensive ground-based exploration work facilitating the advancement of more than 15 projects at various stages of development.


“Tim J. Termuende”
President and CEO

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: or visit our website at

Cautionary Note Regarding Forward-Looking Statements

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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


Eagle Plains Resources Ltd.
Mike Labach, 1-866-HUNT-ORE (486-8673)

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From: LoneClone6/29/2011 4:57:20 PM
   of 2296

On Wednesday June 29, 2011, 9:00 am EDT

KELOWNA, BC, June 29, 2011 /CNW/ - Cantex Mine Development Corp. (TSXV:CD.V) (the "Company", "Cantex") is pleased to report the C$2.0 million private placement announced on June 17th has been completed with $2.4 million worth of shares subscribed (closing subject to regulatory approval).

The $2.4 million raised will be used to fund exploration development of Cantex's claims adjacent to the Atac Resources claims in the central Yukon as well as heavy mineral exploration of the 30,000+ km2 area(s) of the Yukon underlain by geology favourable for Nevada-style gold mineralization.

The Company is using proprietary heavy mineral techniques developed by C.F. Mineral Research Ltd., of Kelowna, BC, used to detect four heap leach Carlin-type gold deposits in Nevada that are now mines. The recent discovery of Carlin-style mineralization by Atac Resources in the Yukon demonstrates this area has potential to host a major gold mining district.

The sampling program has already commenced and 100 of the more than 2,500 planned bulk heavy mineral samples have been collected from the favourable Yukon area(s).

The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.


Charles Fipke

Charles Fipke

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.


Chad Ulansky
President & CEO
(250) 860 - 8582

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From: LoneClone6/29/2011 9:07:40 PM
   of 2296
Mill City Commences Exploration at Mount Hinton

Press Release Source: Mill City Gold Corp. On Wednesday June 29, 2011, 10:30 am EDT

CALGARY, ALBERTA--(Marketwire - 06/29/11) - Mill City Gold Corp. (TSX-V:MC - News)(Frankfurt:NJ6 - News) ("Mill City" and/or the "Company") is pleased to announce that exploration has commenced at the Mount Hinton property. Mill City has an option to acquire a 100% interest in the 400 claim property owned by Rockhaven Resources Ltd. (TSX-V:RK - News) ("Rockhaven") covering approximately 82 square kilometers located in the Keno Hill mining district of Yukon, Canada.

A two-phase exploration program has been recommended and is being carried out by Archer, Cathro & Associates (1981) Limited. Exploration is designed to evaluate the continuity of known high-grade gold-silver vein zones and to explore for bulk tonnage gold and/or silver targets that are indicated by previously completed soil geochemical surveys.

Phase 1 will consist of 6,000 meters of excavator trenching and is budgeted at $600,000. Phase 2 will consist of 2,200 meters of reverse circulation percussion drilling and 2,000 meters of diamond drilling. The recommended percussion drilling includes 40 to 75 holes ranging between 30 and 60 meters deep. The recommended diamond drilling includes 15 to 25 holes to test down dip of the best mineralization exposed in trenches. Phase 2 is budgeted at $1,400,000.

The Mount Hinton property is directly accessible by a 10 km all-weather road from Keno City and consists of two claim blocks that total 400 mineral claims and covers 82 sq km. The Yukon's hydroelectric power grid extends to Alexco Resource Corp.'s Bellekeno silver mine, which is located 3 km north of the Mount Hinton claim block and lies along a road system that accesses the northern part of the Mount Hinton property.

The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geo., President of Rockhaven Resources Ltd. and a qualified person for the purpose of National Instrument 43-101.

For additional information concerning Mill City Gold Corp. or its various exploration projects please visit the Company's website at

CAUTIONARY NOTE: This news release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Mill City are forward-looking statements that 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. Factors that could cause actual results to differ materially from those expected by Mill City are those risks described herein and from time to time, in the filings made by Mill City with Canadian securities regulators. Those filings can be found on the Internet at

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.


Mill City Gold Corp.
James R. Brown

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From: LoneClone6/30/2011 7:16:45 PM
   of 2296
Golden Predator Continues to Expand Brewery Creek's Bohemian-Schooner Zone

Press Release Source: Golden Predator Corp. On Thursday June 30, 2011, 9:20 am EDT

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From: LoneClone6/30/2011 8:42:32 PM
   of 2296
Central Commences Work on Selwyn Creek Project, Dawson Range, Yukon

Press Release Source: Central Resources Corp. On Thursday June 30, 2011, 11:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - Central Resources Corp. (TSX VENTURE:CBC - News; "Central" or the "Company") has begun the 2011 exploration program on its Selwyn Creek properties located in the Dawson Range area of the White Gold district, Yukon.

Initial work consisting of wide spaced and detailed soil sampling, prospecting, geological mapping and trenching will be focused on the "L" block to identify potential drill targets for subsequent testing. The detailed soil sampling will follow up soil anomalies generated last year, the largest of which defined a roughly linear northeast trending, greater than 20 ppb gold anomaly, at least 1,000 metres long and up to 500 metres wide. This anomaly remains open to the northeast and southwest. Within this anomaly, 16 samples ran greater than 50 ppb gold and 6 samples ran better than 100 ppb gold with the highest sample running 470 ppb gold (see news release dated October 13, 2010).

The "L" block consists of 777 claims with an area of 16,250 hectares. The properties were staked on the basis of historic sampling conducted by Archer Cathro & Associates (1981) Limited. Central has the right to earn a 100% interest in the properties from Strategic Metals Ltd.

The 2011 field work will be carried out by Archer Cathro and Associates (1981) Limited and will be supervised by Heather Smith, P. Geo. Ms. Smith is responsible for all aspects of the work including the quality control/quality assurance program.

Paul Reynolds, P. Geo., President of Central and a qualified person as defined by National Instrument 43-101 has reviewed and approved the technical disclosure made in this press release.

About Central Resources

Central Resources Corp. is a junior mineral exploration company created to leverage the extensive knowledge and experience of a dedicated group of financial and resource industry professionals. The Company has acquired options on several highly prospective mineral properties in the Yukon and British Columbia and continues to pursue additional opportunities to build shareholder value.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither 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.

Paul Reynolds
Central Resources Corp.
President and CEO

James Berard
Strike Communications Inc.
604-687-2768 or 1-877-459-5507

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From: lightning7/4/2011 12:19:43 PM
   of 2296

HAWKEYE Gold & Diamond Inc. (the “Company” or “HAWKEYE”) is pleased to announce that its 2011 summer work program has commenced over the TOP property, a 216 claim, 4511 hectare epithermal gold-silver target on the northern edge of the Carmacks Caldera area, Yukon. YES Exploration Syndicate, the optionor, is operator on the project.

The TOP Property is situated approximately 20 km northwest of the now decommissioned Mt. Nansen gold mine, which contained an estimated 556,500 tonnes grading 11.93 g/t gold and 211 g/t silver. The multiple vein-type porphyry- and breccia-related deposits at Mt Nansen are linked to northwest-trending faults associated with strong magnetic anomalies in the immediate vicinity of northeast-striking cross faults.

Located along a northwest-trending fault structure that appears to pass through the Mt Nansen mine area to the southeast, the TOP Property is cut by northeast-trending structures that intersect the main northwest-trending structure in several locations. The Property is underlain by a large, slightly elongated, bull’s-eye magnetic high anomaly.

Past work identified several gold anomalies found in creeks throughout the property and significant gold anomalies have been found in soils. Visit our new website at to learn more about the TOP Property and to view maps that show the location and grade of these anomalies.

The 2011 program consists of soil sampling, rock sampling, prospecting, and geological mapping to follow up on previous work and identify new targets.

Technical content has been approved by Edward Harrington, P.Geo, a Qualified Person as defined by NI 43-101 and the person planning and supervising the 2011 work.

About the Company

HAWKEYE Gold & Diamond Inc. is a junior mineral exploration and development company based in Vancouver, British Columbia, Canada and is publicly traded on the TSX Venture Exchange under the trading symbol HGO. The Company is currently focused on the exploration and development of its TOP, DART and MINT Properties located in the Yukon and its Scotia Property situated in northwest British Columbia, Canada. HAWKEYE's corporate philosophy is to build strong asset value through the exploration, development and ultimate production of its various mineral projects and creating value for our shareholders.



"Greg Neeld"

President & CEO

Toll Free: 1-800-665-3624


Vancouver: 1-604-878-1339

Web Site:

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From: burlegoat7/4/2011 3:43:47 PM
   of 2296
Slowlane,In the header, the american symbol for Ryan Gold is rygzf and Rockhaven Resources is rkhnf. Bought a little more of each last week,also some of red's Smash minerals, smhmf for those in the u.s. Hope you had a good vacation.

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From: LoneClone7/4/2011 6:49:41 PM
   of 2296
New Pacific Metals Corp.: Progress Report on the Tagish Lake Gold Project, Yukon and on Application for Listing on the TSX

Press Release Source: New Pacific Metals Corp. On Monday July 4, 2011, 6:00 pm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 4, 2011) - New Pacific Metals Corp. (TSX VENTURE:NUX - News; the "Company") is pleased to report progress on its exploration activities on the Tagish Lake Gold Project, Yukon, Canada over the last two months since the Company's news release dated April 20, 2011.

Camp expansion

Expansion of the camp from 25 to 50 persons has been completed with the installation of services, including power, water, and communications. Refurbishment of the 6,000 square feet geological office and core logging facility is also complete. With establishment of an excellent living and working environment, the Company is ready to embark on its aggressive exploration program as announced in the news release dated May 24, 2011.

Exploration and priority drilling targets

1. Raca and Chieftain Hill Surface drilling sites: The Raca site is
located along the northeast structural extension of the Skukum Creek
mineralization zones (Rainbow zone) and the Chieftain-Hill site is
located at the further northeast extension of the Raca. An access road
to the Raca site, with further extension to Chieftain Hill, has been
completed such that the drilling program will start. The Company
carried out geological mapping and soil sample surveys at the Raca and
Chieftain Hill sites in May and June, 2011.

Surface drilling at Raca is to test the extension of known historical
drilling where a drill hole, Raca 97-1, intercepted 3.6 metres grading
2.66 g/t gold and 561 g/t silver, and to test at least four parallel
mineralized structures that have been mapped out by the Company's
geologists. A surface drill rig has arrived at the Raca Site on June
25, 2011 and drilling commenced on June 28.

At Chieftain Hill, soil gold anomalies outlined by a previous owner (all
associated with anomalously high values of silver and base metals)
extend over a corridor two kilometres long and approx. 500 metres wide
along a northeast structure hosting rhyolite dikes, with peak values of
up to 1,000 parts per billion gold (1 g/t). These soil gold anomalies
have recently been confirmed by the Company's geologists soil sampling
program which recorded soil gold anomalies up to 0.3 g/t gold associated
with lead and zinc contents up to 0.4%. Drilling tests of these
anomalies has been planned for mid-August, 2011.

2. Skukum Creek Underground and surface drilling: Underground drilling at
Skukum Creek is planned to target depth extensions of four mineralized
zones where historical drilling has only focused on limited sectors of
the four mineralized zones, and only to about 300 metres from the
surface. Surface drilling has also been planned for the Skukum Creek
area to test up dip extension of previous underground drilling.

De-icing at the Skukum Creek tunnel is completed and the tunnel is at
very stable conditions: it will be prepared for underground in-fill and
step-out drilling to start in one week. The first underground drill rig
has arrived on-site already and once the drill crew arrives on July 15,
2011, drilling will commence.

3. Goddell Underground and Surface drilling: Drilling at the Goddell
project is to test an area of 1,000 metres long and 600 metres down or
up dip of the PD Zone and the Merged Zone, where previous drilling, such
as Drill hole 97-41, intercepted 64.69 metres grading 5.75 g/t Au
(please refer to January 13, 2011 press release).

Underground drilling from the existing Goddell tunnel will substantially
reduce the amount of drilling that would have been necessary from
surface, and can be carried out year round: accordingly, the Company has
placed emphasis on de-watering the tunnel to take advantage of the
underground drilling strategy. However, the de-watering and
rehabilitation of this tunnel has experienced some delay and difficulty
as faults with widths of 2 to 3 metres have caused unstable ground
conditions and require extensive steel framework support. The Company
has successfully crossed the first fault and is currently underway to
support the second fault zone. Once de-watering is successfully
completed at the Goddell by the mid-August, a second underground rig
will be brought to the site for drilling.

As a contingency plan, the Company has repaired and advanced the old
surface drill road and a second surface drill rig will arrive on site on
July 6, 2011 to carry out some of the drilling that was initially
planned for the tunnel.

4. Staking: As at June 28, 2011, the Company expanded its land holding by
completing staking in the surrounding area.

Photo slide information of the progress as set out above has been posted on the Company's website at

Application for listing on the TSX

The Company has applied for graduation to the TSX and is currently awaiting regulatory review of its initial application documents. Any graduation is subject to regulatory approval.

The Company's Unaudited Interim Consolidated Financial Statements and Management's Discussion and Analysis are available for review on our website at and through SEDAR at

About New Pacific Metals Corp.

New Pacific Metals Corp. is engaged in the exploration and development of mineral resources in Canada. The Company's strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get a project into production with sufficient initial resources, but before the full resource potential of the property is defined, so that further exploration and potential development costs can be funded by cash flows generated from early operations.

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Investor Relations
New Pacific Metals Corp.
(604) 633-1368
(604) 669-9387 (FAX)

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