Message: AGORACOM Small Cap TV - November 25th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning.t’s November 25th 2010, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
U3O8 Corp. Intersects 30.7 Metres at 0.06% (1.2 Pounds Per Short Ton) U3O8 at Aricheng C in the Kurupung Project, Guyana
Size of 9th Uranium-Bearing Structure More Than Doubles to 350m in Length, Still Open
TORONTO, ONTARIO, Nov. 25, 2010 (Marketwire) -- U3O8 Corp. (TSX VENTURE:UWE), a Canadian-based company focused on uranium exploration and resource expansion in South America, reports that drilling has more than doubled the size of the Aricheng C structure in the Kurupung Batholith in Guyana (Figure 1). This ninth uranium-bearing zone now extends 350 metres ("m") long, and is open along trend and at depth. Results from scout drilling suggest that the Kurupung structures identified to date may contain a conceptual target of 13-18 million tonnes at a grade of 0.08% to 0.10% U3O8 (for an estimated 30-32 million pounds ("mlb") U3O8) including the initial National Instrument 43-101 ("NI 43-101") resource estimate of 5.8mlb U3O8 Indicated and 1.3mlb U3O8 Inferred(1).
About U3O8 Corp.
U3O8 Corp. is a Toronto-based exploration company, focused on exploration and resource expansion of uranium and associated commodities in South America - a promising new frontier for exploration and development. U3O8 Corp. has one of the most advanced portfolios of uranium projects in the region comprising NI 43-101 compliant resources in Guyana to significant historic resources in Colombia and near-resource and discovery potential in Argentina.
Last Trade: 0.7352 Week: 0.80 – 0.20Market Cap: 56.66 Million
U3O8 Corp. is a Toronto-based exploration company, focused on exploration and resource expansion of uranium and associated commodities in South America - a promising new frontier for exploration and development. U3O8 Corp. has one of the most advanced portfolios of uranium projects in the region comprising NI 43-101 compliant resources in Guyana to significant historic resources in Colombia and near-resource and discovery potential in Argentina.
Last Trade: 0.7352 Week: 0.80 – 0.20Market Cap: 56.66 Million
Barkerville Announces Closing of $5,000,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2010) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") announces today that it has completed its private placement financing previously announced on November 15, 2010, with certain institutional and accredited buyers who purchased an aggregate of 3,846,154 common shares of the Company at a price of $1.30 per common share for gross proceeds of $5,000,000 (all figures $CDN).
The proceeds of the private placement will be used, subject to approvals under the Mines Act (British Columbia), to commence mining operations at the Bonanza Ledge proposed open pit mine, further development and drilling of the Company's assets and for general working capital purposes.
About Barkerville Gold Mines Ltd.
The Company has been focused on exploration and development of gold projects in the Cariboo Mining District in central British Columbia since 1994. The Company's mineral tenures now cover over 1,225 square kilometers of mineral tenures encompassing 7 past producing hard rock mines and three NI43-101 gold deposits, including the QR Mine & Mill. The QR Mine & Mill was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in February and the Company began pouring doré gold in September of this year.
Last Trade: 1.4052 Week: 1.70 – 0.61Market Cap: 83.66 Million
Commerce Resources Corp. Intersects 2.02% TREO over 303.42 m at the Eldor Property, Quebec and up to 33% Heavies
Commerce Resources Corp. (TSXv: CCE)
reports that it is in receipt of analytical results for drill holes EC10-046 and EC10-047 at the Eldor Project, Quebec.
EC10-046 and EC10-047 are located 250 m and 170 m, respectively, northwest of EC10-028 (1.95% Total Rare Earth Oxides ("TREO") over 243.84 m) and were collared in mineralization which continued over their entire lengths. Both were vertical drill holes and, given a cone-shaped model for the Ashram REE Zone, are near to true thickness. Further, both holes bottomed in mineralization as the drill approached its maximum depth capabilities.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with a potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit in British Columbia and is also exploring its Eldor Project in northern Quebec and the Carbo Project in northern British Columbia.
Last: 0.69
Range: 0.70-0.20
Market Cap: 90 Million
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