Investors Working Together to Educate Each Other About the Market
 
HomeHome  Log inLog in  RegisterRegister  FAQFAQ  
Log in
Username:
Password:
Log in automatically: 
:: I forgot my password
Latest topics
» Questions about buying Gold
Fri Sep 12, 2008 1:33 pm by cvac01

» CANEXT ENERGY LTD. (CXZ.V)
Fri Sep 12, 2008 10:52 am by cvac01

» BCGold Corp (BCG.V)
Fri Sep 12, 2008 10:20 am by cvac01

» Polymet Mining (POM.T)
Fri Sep 12, 2008 10:13 am by cvac01

» Columbia Yukon Explorations Inc. (CYU.v)
Fri Sep 12, 2008 10:03 am by cvac01

» Enhanced Oil Resources (EOR.V)
Fri Sep 12, 2008 9:52 am by cvac01

» TRANSEURO ENERGY CORP. (TSU.v) - NE BC Oil Shale
Fri Sep 12, 2008 9:51 am by cvac01

» CANADIAN SPIRIT RESOURCES INC. (SPI.v) NE BC Oil Shale
Fri Sep 12, 2008 9:47 am by cvac01

» SABRETOOTH ENERGY LTD. (SAB.T) - NE BC Oil Shale
Fri Sep 12, 2008 9:43 am by cvac01

» CANADA ENERGY PARTNERS INC. (CE.v) - NE BC Oil Shale
Fri Sep 12, 2008 9:38 am by cvac01

Search
 
 

Display results as :
 
Rechercher Advanced Search

Share | 
 

 RAYTEC METALS CORP. (RAY.v)

Go down 
AuthorMessage
cvac01
Seasoned Veteran
Seasoned Veteran


Number of posts : 253
Registration date : 2008-03-29

PostSubject: Re: RAYTEC METALS CORP. (RAY.v)   Thu Jun 12, 2008 12:45 am

Raytec Makes Strategic Investment in Sulphur Solutions Inc., Adds Director
Wednesday June 11, 3:59 pm ET


VANCOUVER, BC--(MARKET WIRE)--Jun 11, 2008 -- Raytec Metals Corp. (the "Company") (CDNX:RAY.V - News) (Frankfurt:XZT.F - News) (Other OTC:RAYMF.PK - News) is pleased to announce the strategic acquisition of a 15% interest in Sulphur Solutions Inc. (SSI), a privately held Alberta Company.

Sulphur Solutions Inc. is an emerging fertilizer company developing a state-of-the-art, patented technology for the production of micronized sulphur from elemental sulphur (a byproduct of gas production activities). The micronized sulphur is then processed into a premium fertilizer product branded Rapid Release™. Rapid Release™ has been designed to be highly dispersible into an optimum particle size for effective time-release sulphate production throughout the season of application, designed to address general soil sulphur deficiencies and improve nutrient plant availability.

Located in Calgary, Alberta, SSI plans to introduce multiple elemental sulphur processing and sulphur fertilizer production plants over the next few years. The facilities will be portable and located at the site of elemental sulphur production to take advantage of reduced operating costs associated with transporting the sulphur to an off-site processing facility and existing permits for sulphur storage and handling.

SSI's president, Mr. Richard Knoll, has been working with sulphur for the past 10 years and is of the belief that the continuous increasing global demand for food, fiber, and various other agricultural commodities is not sustainable without replenishment of plant nutrients in a reasonably balanced manner. "That includes sulphur," says Knoll. Coinciding with this investment by Raytec, Mr. Knoll has agreed to join the Board of Directors of Raytec Metals.

Mr. Jim Beaton, SSI's agronomic advisor, states, "Fortunately, the need for and implementation of balanced fertilization have received much greater attention in recent years due largely to education by various fertilizer industry organizations. The balance between nitrogen and sulphur is particularly important since the full benefit of one is dependent upon an ample supply of the other." Based on nitrogen demand alone, SSI believes there is ample market for a sulphur product like Rapid Release™. The International Fertilizer Industry Association's forecast of world demand for fertilizer nitrogen in 2008 is 101,760,000 tonnes with an estimated increase to 107,000,000 tonnes by 2011. Assuming a nitrogen to sulphur ratio of 12 to1 is required by most crops, the global fertilizer sulphur requirement in 2008 is estimated to be 8,480,000 tonnes, increasing to 8,917,000 tonnes by 2011.

Cost of the acquisition is a total of C$1.5 million payable on or before September 12th, 2008 upon certain milestones being reached. The agreement also provides Raytec with the first right of refusal to participate in future private financings and that right is transferable.

On behalf of the Board,
RAYTEC METALS CORP.

Brian Thurston, President

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

----------------------

Raytec Metals releases new resource estimate at KP441

2008-06-10 04:53 ET - News Release

Mr. Brian Thurston reports

RAYTEC ANNOUNCES NI43-101 POTASH RESOURCE

Raytec Metals Corp. has received resource calculations from the company's KP441 potash disposition application located in south-central Saskatchewan.

KP441 was the company's first potash acquisition within the Saskatchewan potash basin and accounts for 88,320 acres of the company's total land package of 291,330 acres under application. After reviewing data from historic drilling on KP441, the company contracted Agapito Associates Inc. to prepare a National Instrument 43-101 report for the newly acquired KP441 disposition. Agapito is a professional organization of engineers and geologists with over 25 years experience in mining and civil engineering and geology. Joseph E. Crawford, LPG, and Dr. Michael Hardy, PE, are the qualified professionals who co-authored this technical report. Dr. Hardy has been involved with potash exploration, solution mining pilot testing, solution mining engineering studies including feasibility studies, and resource and reserve estimation since 2001. Agapito's client list includes over 180 mining companies, including Intrepid Mining LLC, Potash One Inc. and Mississippi Potash.

The authors of the company's National Instrument 43-101 technical report were able to obtain data from historic drilling on the KP441 disposition through the Saskatchewan Ministry of Energy and Resources as well as the Saskatchewan Industry and Resources branches. Cores from drilling in the potash-rich members of the prairie evaporite formation for Canadian Exploration Ltd. holes 16-6-39 and 16-18-39, were logged, split and assayed, using an appropriate protocol and security, to provide the authors with current data and assay results with which to prepare their report. Using results from both new and historic core assays, the authors were able to prepare a resource estimate for the extreme southwest corner of KP441. The resource estimate contains both an indicated and inferred resource for the Lower Patience Lake, the Upper Belle Plain and Lower Belle Plain formations. The potash resource remains open to the north and east of the study area, truncated to the south and west by the limits of the company's potash lease application boundary.

In summary, the report estimates a total indicated resource of 148.02 million metric tonnes grading 23.44 per cent K2O and an additional inferred resource of 229.16 million metric tonnes grading 20.40 per cent K2O.

The above-noted figures calculate to a total in-place indicated resource of 34.7 million metric tonnes of K2O and a further in-place inferred resource of 46.76 million metric tonnes of K2O. Recoverable in-place potash-equivalent tonnes, assuming using standard deductions and an overall recovery of 36-per-cent (10-per-cent geologic anomaly and expected 40-per-cent extraction), are calculated to a net recoverable indicated resource of 12.49 million metric tonnes of K2O and a net recoverable inferred resource of 16.83 million metric tonnes of K2O.

Indicated mineral resources and inferred mineral resources have been estimated based on the distance from cored and assayed drill holes using best available practice similar to that adopted by Mosaic at the Belle Plaine operations. The distance from an existing cored and assayed drill hole for inclusion of resource in the inferred and indicated categories is as follows:

* Indicated mineral resource: one-mile (1.6-kilometre) radius;
* Inferred mineral resource: five-Mile (8.05-kilometre) radius.

The indicated mineral resource and inferred mineral resource has been estimated based on the radius from the cored drill holes, the estimated extent of the beds with grade and thickness greater than estimated cut-off values of 1.1 metre and 12 per cent K2O, the thickness and grade of the selected mining intervals at the core-hole locations, the loss factors for unaccounted geologic anomalies assumed to be 10 per cent, an areal extraction ratio of 40 per cent, and losses incurred by removal of resources in buffer zones.

This resource estimate determined using the volumetric and borehole radius analysis method, is based on two drill holes approximately 3.2 kilometres apart in the southwest corner of the KP441 disposition. This resource covers an area of approximately 17 per cent of the KP441 disposition or approximately 5 per cent of Raytec's 291,330 acres under application.

While it was not the objective of the National Instrument 43-101 report to select a mining method for exploiting the potash contained in the KP441 area, the resource classification was established in part by resources that are amenable to current mining technologies using typical grade values. "For the purpose of delineating potash resources, the Lower Patience Lake, Upper Belle Plaine and Lower Belle Plaine submembers are considered to have mining potential," states the report.

A complete copy of the National Instrument 43-101-compliant report will be published on the company's website and on SEDAR shortly.

Carnallite is a hydrated magnesium chloride. It is considered an impurity that can be detrimental to solution mining. An industry threshold for magnesium chloride in plant feed is 1 per cent. The average magnesium chloride content in the KP441 area resource estimate is 0.25 per cent, which is within the threshold limit and well below 1 per cent.

"We are very pleased with the results of our current resource estimate. We believe this shows that Raytec has some very prospective potash ground in Saskatchewan. Our goal is to expand our current resources through seismic exploration and drilling of the property. Through my recent conversations with personnel at the Saskatchewan government mines branch, I expect to have our permit for KP441 issued in July. Raytec's main focus remains potash and fertilizer commodities," states Raytec president, Brian Thurston.

In addition, the company is granting incentive stock options to its directors, officers, consultants and employees, under its stock option plan, for the purchase of up to 900,000 common shares of the company for a period of two years at a price of 80 cents per share.

Raytec's disclosure of a technical or scientific nature has been reviewed by Wayne J. Roberts, PGeo, and director of Raytec, a qualified person under the definition of National Instrument 43-101.
Back to top Go down
View user profile
cvac01
Seasoned Veteran
Seasoned Veteran


Number of posts : 253
Registration date : 2008-03-29

PostSubject: RAYTEC METALS CORP. (RAY.v)   Thu Jun 05, 2008 8:50 am

Back to top Go down
View user profile
 
RAYTEC METALS CORP. (RAY.v)
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
InvestmentStockBox.com - Forum :: InvestmentStockBox :: Canadian Stocks-
Jump to: