RENO, NV--(Marketwire - February 21, 2008) - InsideMetals.com, an internet website that provides easy access to a detailed value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, and Junior Gold & Mineral Stocks, reported today that it has added four platinum exploration companies to its Junior Gold & Mineral Stocks Shopping Mall. The http://www.insidemetals.com website information resource now includes 125 listed Junior Gold & Mineral Stocks.
"Electrical power cuts in South Africa have affected many of the world's largest gold and platinum mines," said InsideMetals.com Editor, Mike Mapa. "Actual and predicted reductions in gold and platinum output from these mines has driven gold and platinum prices to all time highs. Spot gold recently hit a high of $934 per troy ounce and platinum a historic high of $2,120 per troy ounce."
Platinum is a very scarce metal and platinum deposits are difficult to find and develop. InsideMetals.com has identified companies which are successfully exploring and prospecting for platinum deposits in South Africa and North America.
The newly featured companies are:
Explorers
Anooraq Resources Corp. is listed on both the American and TSX Venture Exchanges. On December 24, 2007, Anooraq Resources announced that its principle shareholder, the Pelawan Trust, has exercised 167,000,000 common share purchase warrants at a price per common share of C$1.35.
Franconia Minerals Corp. is listed on the Toronto Stock Exchange. On January 16, 2008, Franconia announced that it has core drilled the longest, high-grade mineralization to date at its Birch Lake copper-nickel-PGM project in the Duluth complex in Minnesota. This 246 foot intercept assayed at 0.77% Cu, 0.21% Ni, and 1.15 grams per tonne PGM (Pt + Pd + Au).
Platinum Group Metals Inc. is listed on both the American and Toronto Stock Exchanges. On January 22, 2008, Platinum Group announced a progress update on its Western Bushveld JV in South Africa. Refinements to the mine plan to increase early production, to optimize capital spending and reduce power requirements have been recommended. Feasibility study work will continue into the second quarter.
Prospector
Noront Resources Ltd. is listed on the TSX Venture Exchange. On February 7, 2008, Noront Resources announced it had closed a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000.
"Noront Resources is classified as a Prospector, and has made a significant Cu-Ni-PGM discovery near McFaulds Lake, Ontario," said InsideMetals.com Editor, Mike Mapa. "Anooraq and Platinum Group are classified as active Explorers and are developing platinum resources in South Africa with their respective JV partners. Franconia is rapidly advancing development of its large Birch Lake, Minnesota Cu-Ni-PGM deposit which is open to the north and west and exceeds 300 million tonnes."
InsideMetals Junior Gold & Mineral Stocks Shopping Mall makes it easier to find and obtain access to Junior Gold & Mineral Stocks, which are development companies, often without revenues, classified according to the stage of development of their property. The three development stages are: Prospector, Explorer, and Developer, and are defined on the website at www.insidemetals.com.
"InsideMetals.com" is organized to provide convenient worldwide access to detailed value-added Gold and Mineral Stocks information for everyone, from the average investor to sophisticated stock brokers and fund managers. Insidemetals.com is fast and easy to use and is designed to save time for busy investors, fund managers, stock brokers, financial analysts, and government administrators who need organized up-to-date information about Gold and Mineral Stocks.
InsideMetals.com now provides U.S Dollar share prices for 34 Gold Producers Stocks, 11 Mineral Producers stocks and 125 Junior Gold and Mineral stocks. Easy access to share prices makes InsideMetals.com an even more valuable resource for busy gold and mineral stocks investors worldwide.
More information about InsideMetals.com can be obtained at http://www.insidemetals.com.
About InsideMetals.com
InsideMetals.com is an internet website that offers detailed value-added financial, production, and ore reserve information for key U.S. stock exchange listed gold, silver, platinum, and palladium producing stocks, Mineral Producer stocks, and Junior Gold & Mineral stocks that are exploring for and developing new mines, but do not yet have sales. Access to the Gold Producer Stocks value-added WORLD VIEW details is available for a modestly priced monthly or annual subscription. The website includes a broad range of free value-added information resources.
InsideMetals.com is a division of Whitney & Whitney, Inc., a mining development services firm based in Reno, Nevada, "the heart of U.S. gold country." Whitney & Whitney, Inc. is a wholly-owned subsidiary of Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG).
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Mr. Parisotto and Mr. Hamilton address the Noront investment community.
