VERNON, BRITISH COLUMBIA - Jan. 14, 2013 - Solomon Resources Limited is pleased to report that it has received a preliminary inventory of artisanal tin and coltan (niobium-tantalum) minesites within the Rurembo Prospecting Licence area in the Republic of Rwanda. The survey was completed by contract geologist Claver Mahungiro of Geoscad Ltd. and his associate Celestin Havugimana.

The survey of artisanal miners will provide valuable information as to the location of mineralized pegmatite dyke swarms in the project area.

Rwanda is still recovering from the genocide of 1994, and the geological database prior to the civil war has largely been destroyed. The Rwandan government has amassed a remarkable set of new geological, geochemical and geophysical data in the past five years with the intent of attracting foreign exploration investment, and Solomon's Rurembo Prospecting Licence is the first exploration program to benefit from the release of that data.

Solomon's President and CEO Randy Rogers noted: "We have received incredible cooperation from the Government of Rwanda Geology and Mines Authority (OGMR) and Rwanda Development Board (RDB). The Rwandan Ministry of Natural Resources continues to release new data and Solomon is uniquely positioned to assess new exploration targets in this highly prospective and under-explored environment."

The Rurembo Project is a grassroots exploration program for tin (Sn) - tantalum (Ta) - niobium (Nb) and tungsten (W) largely predicated upon the proximity of the former Belgian mine at Gatumba and the projected strike extensions of that geological environment into the Rurembo Licence Area.

The primary exploration focus of the Project is Neo-Proterozoic pegmatites mineralized with cassiterite and columbite-tantalite (coltan); in addition to conventional geological, geochemical and geophysical exploration techniques that will be utilized the recently completed inventory of artisanal minesites will provide invaluable evidence of where the mineralized pegmatites outcrop and offer a weathered exposure amenable to primitive artisanal extraction.

Mahungiro and Havugimana identified 252 artisanal extraction sites within the licence area.

The Rwandan field crew also documented road and trail access to the artisanal workings throughout the Rurembo licence area and mapped the artisanal sites on Solomon's 1:50,000 scale topographic base. The contract geologists noted that access to many of the artisanal sites was made difficult by severe topography and the absence of bridges and river crossings that had been destroyed during the genocide. In many of these cases, Solomon will be required to upgrade road and trail access to facilitate ongoing exploration.

Solomon's President and CEO Randy Rogers observed: "The inventory of the artisanal minesites is an important milestone in the early stages of the project - the documented extraction of tin and coltan from weathered outcrops of mineralized pegmatites offer a positive indication of potential mineralization that may exists at depth and which will be explored with conventional surface and sub-surface exploration techniques in the coming months. We are refining our exploration targets using airborne geophysical data provided by OGMR as well as very high resolution aerial orthophotography that clearly shows the artisanal workings and the pegmatite dyke swarms. We continue our analysis of the available data to identify dilationary zones where the pegmatite dykes are crosscut by regional structures and mineralized poches-de-greisen may occur."

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Cadillac Ventures said it now expects to close a second tranche of the private placement financing it announced late last year by January 31, extending the offering.

In early December, the company closed a first tranche of the private placement, issuing 11.8 million flow through units sold at a price of 10 cents each, and a total of 60,000 units sold at 9 cents each, raising a total of $1.2 million.

The funds were for exploration and development of the company's Canadian properties, as well as for general working capital needs.

Today, the company said it has extended its current private placement financing of units at 9 cents each and flow through units at 10 cents each, expecting to close a second tranche by the end of the month.

Late in November, Toronto-based Cadillac resumed exploration on its Burnt Hill property in New Brunswick, which covers more than 125 square kilometres and has NI 43-101 compliant tungsten, tin and molybdenum resources.

The last resource estimate on the property was calculated in 2009. The phase 1 ground exploration program will target the Tin Hill, Burnt Hill Brook Area, the Burnt Hill Mine Area, and the 2 1/2 Mile Brook Area, with two prospecting crews currently in the field.

Cadillac holds a 51 per cent interest in the Burnt Hill project, a historic tungsten/tin mine taken to test production by Brewster for Canadian International Paper during the early 1980s. The company is aiming to restart development at the project.

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Tungsten Carbide branch of the China Tungsten Industry Association predicted that by 2015, China carbide production will reach 30,000 tons, according to tungsten carbide industry consumption accounted weighted calculation; the carbide industry consumption of tungsten will keep 10 % growth. 

According to the “12th Five-Year Plan” of the steel industry, to 2015 , special steel production accounts for a total steel output accounted for from the current 5% to 10% , weighted according to the proportion of tungsten consumption of steel industry , special steel industry tungsten consumption growth is maintained at between 7 % and 8 % . We assume that the consumption growth of the rolled products industry and other industries tungsten’s 0, according to the proportion of each downstream industry weighted, we calculate that the tungsten demand will maintain a 7.5% growth in the future.

Price: supply smooth contraction and steady growth in demand support the price of tungsten upward.

By the above analysis, in the next few years, the supply of tungsten is decreasing by about 1% and the demand is increasing by 7.5%per year, the supply contraction and demand addition supporting the tungsten price for a long-term upward. Taking into account the integration with the the Minmetals Group of tungsten industry in recent years, the tungsten industry concentration continuo improvement of, higher industry concentration makes Chinese tungsten industry has the ability to appropriate adjustments to supply downstream demand conditions , tungsten basic surface in the state for slightly less than the demand . Finally, if we take into account the rising cost of purchasing and storage as well as state and local governments may behavior of tungsten production factors, we believe that the long-term price of tungsten in the uplink channel industry leaders in the process of rising prices , the most obvious benefit.

 

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The global tungsten supplies include nature tungsten (76%, 66% are turned into termination

products, the other 10% are the production wastes, which are turned into renewable tungsten again) and renewable tungsten (24%). The native tungsten includes Scheelite (Difficult mining, mainly for the production of tungsten iron), Wolframite (Easy for quality tungsten mining, the raw materials for tungsten refining and tungstate manufacturing.) and the black and white mixed tungsten mine. There accounted for proportions are 69%, 22% and 9%. 

Canada is increasingly being looked upon by Germany as a source of supply for strategic raw materials.

The 500-member Canadian German Chamber of Industry and Commerce is promoting Canada as a stable and viable place to invest, establish a presence and form strategic partnerships.

With Canada acknowledged as a global mining hub and a friendly producer of metals, the chamber is pushing for more business relationships between the two countries as mineral resources are taking a new priority in the European country.

“The German companies are realizing that Canada has a lot of potential and it's politically stable,” said Aarti Soerensen, the chamber's manager of mining and mineral resources. “It's not a complicated country.”

Germany is one of the world's largest consumers of raw materials and its companies are increasingly looking for secure sources of resources to feed its high-tech manufacturing and processing sector.

Spurred by global events with China's increasing grip in accessing strategic resources and the race for Africa's mineral wealth, Germany's federal ministry of economics and technology launched a new raw materials strategy in 2010.

Germany has traditionally sourced its raw materials from China, Africa and South America.

In sizing up the volatility of commodity prices and general global uncertainty, the German government wants to diversify its sources of raw material supply.

“It really showed that Germany was in a difficult position over the last 20 years,” said Soerensen. “We don't have significant companies in the metals sector.”

Many companies are engaged in aggregate material, but not so much in strategic metals like tungsten, tantalum, germanium, zinc, copper, molybdenum used in specialty glass, metal alloys and the renewable energy sector.

“We have a number of processing companies with refineries that do value-added processing, and we have a huge sector of high-end manufacturing that depends on the imports of those metals,” said Soerensen

“But we depend 100 per cent on imports for all these metals that we don't have the ownership (stake) in the sources.”

Thanks to the Canadian German chamber, Canada is now one of the identified target markets.

“We believe that Canada has been underestimated and undervalued,” said Soerensen. “It's an ideal partnership with Canada being a net exporter of a lot of these minerals. Germany has equipment in the mining sector that could be very beneficial to supply this booming industry.”

With great examples of German success stories already operating in Canada, namely Siemens and Festo, Soerensen said there are cross-cultural values that offer a great fit toward better co-operation.

In seeking to promote closer ties on the mineral front, the chamber has established a Competence Centre for Mining and Mineral Resources.

In November, the chamber hosted a German business delegation and conference in Toronto that included one-on-one matchmaking meetings with potential Canadian partners.

Soerensen said there was a broad mix of visiting companies engaged in mineral exploration and contracting, software development, steel trading, supplying conveyors and ore-handling equipment, as well as one fully integrated mining company seeking off-take agreements and to make a long-term investment in a project development.

Most of the one-on-ones took place in Toronto, but one company did travel to Sudbury to meet with Wallbridge Mining officials.

She expects some German companies will return for next spring's Prospectors and Developers Association of Canada (PDAC) show in Toronto when the chamber intends to have an expanded presence.

“I think there will be around 25 companies here at PDAC.”

Soerensen said if there's sufficient interest from Canadian mining-related companies and organizations, she wouldn't rule out a return trade mission to Germany in the near future.

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HENDERSON, NV - Jan 10, 2013 - US Tungsten Corp. ("USTU", the "Company")

The company is pleased to announce that as of January 8, 2012 Mr. Barry Wattenberg was appointed as Treasurer and as a Director of the company.

Mr. Wattenberg, 57, graduated Carnegie-Mellon University in 1977 with degrees in B.S. Management and B.S. Economics. He has served in various roles within the securities industry and on the board of several small publicly held companies.

Matthew Markin, President, stated, "I am happy to have Barry joining me at the Company. His proven ability to recruit top experts in their field(s), and create as well as organize a first class management team will serve the company well. Mr. Wattenberg will be tasked with the search committee responsibility to fill the roles of CEO, Geologist/Advisor, Legal and Industry Advisor and other such experts as this project requires."

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Bedford-based company inks lease, has high hopes for silver, gold finds on property

NSGold Corp. of Bedford has signed a lease and purchase option agreement with Cerro Rico Ventures LLC for a property in Humboldt County, Nev.

“We are hopeful for gold and silver,’” Glenn Holmes, NSGold’s chief executive officer, said in an interview Thursday.

Holmes said the Silver Hill property, which includes 36 unpatented claims, is in an area with producing gold mines.

“It’s known for gold production.”

The property also has potential silver, copper, arsenic and tungsten deposits, Holmes said.

Under the deal’s terms, NSGold, through its wholly owned subsidiary, NSGold Nevada Inc., may, at any time during the 10-year agreement term, purchase a 100 per cent interest in the Silver Hill property by making a cash payment of US$1.25 million.

The agreement requires NSGold to make a US$40,000 payment upon signing and to make advance minimum royalty payments of US$25,000 on or before the first anniversary of the signing of the deal, US$35,000 on or before the second anniversary of signing and $50,000 on or before the third and subsequent anniversaries.

The advance minimum royalty payments will be credited against a three per cent production royalty based on net smelter returns from production or sale of minerals.

NSGold will have the right to purchase two per cent of the production royalty for US$1.5million before production begins.

Holmes said the company plans to do initial prospecting, sampling and mapping of the Silver Hill property — “a typical first pass” — in the next quarter that will help determine subsequent development work.

NSGold’s principal project is the Mooseland gold property on the Eastern Shore, where it recently completed a third round of drilling.

NSGold shares were trading Thursday for 10 cents on the TSX Venture Exchange, up a cent from their previous close.

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Resource Investing News is pleased to announce the launch of Tungsten Mining NL on Tungsten Investing News.

Tungsten Mining NL is an Australian based resources company listed on the Australian Stock Exchange, that has an experienced management team with a proven track record of tungsten mine development. The Company’s prime focus is its high-grade, fully permitted Kilba project in Western Australia.

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PITTSBURGH--Allegheny Technologies Incorporated will provide live Internet listening access to its conference call with investors and analysts scheduled for Wednesday, January 23, 2013, at 1:00 p.m. ET. The conference call will be conducted after the Company's planned release of fourth quarter and full-year 2012 results. To access the broadcast, go to the home page and select "Conference Call". Replay of the conference call will be available on the ATI website.

Building the World's Best Specialty Metals Company

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately $5.2 billion for the last twelve months. ATI has approximately 11,300 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, niobium, tungsten materials, forgings, castings, and fabrication and machining capabilities.

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MONTREAL, QUEBEC - Jan. 8, 2013 - J.A.G. MINES LTD. has completed the private placement announced in November 2012 for a total amount of $340,000. This placement was offered to "Accredited Investors" in units of $5,000, the share price was $0.10 per share. 3,400,000 Class A shares were issued under this private placement including 2,720,000 in the form of flow-through shares. In addition, 1,700,000 warrants were also issued, each warrant will entitle the holder thereof to acquire one share of the Issuer (on a non-flow-through basis) at a price of $0.20 for a period of twelve (12) months following the Closing date.

Shares issued pursuant to the offering will be subject to a four (4) month hold period. No commissions or finder's fees were paid under the offering.

The proceeds (80%) will be used for exploration expenditures on JAG's Properties in Belleterre-Temiscamingue and St-Robert-Beauce. A drilling campaign is presently underway in St-Robert. The objective is to drill a minimum of 2,500 meters on this property where historic values have been identified in tungsten,gold, silver, and zinc.

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