AGORACOM Small Cap TV - December 2nd - Highlights
posted on
Dec 02, 2010 08:53AM
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. It’s December 2nd 2010, and we’ve found 4 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.
API Technologies Wins $3.9 Million Secure Communications Contract in the U.K.
API Technologies Corp. (OTC Bulletin Board: ATNY), a provider of highly engineered products and services to the global defense sector, was awarded a $3.9 million (2.5 million pounds Sterling), two-year contract to provide secure communications equipment for use in ground stations and mobile platforms. API's UK subsidiary, Secure Systems & Technologies ("SST") won the order, which will be designed and manufactured in the Company's Gloucester, UK facility.
<< About API Technologies Corp. >>
The Company, through its subsidiaries, is a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industry. API Technologies' customers include the governments of the U.S., Canada, the United Kingdom, NATO and the European Union, as well as many of the leading Fortune 500 companies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to its customers. API Technologies trades on the OTC Bulletin Board under the symbol ATNY.
Last Trade: 0.9652 Week: 1.704 – 0.8251Market Cap: 31.49 Million
Crocodile Gold Announces Significant Resource Increase at Mt. Bundy Project-Indicated Resource of 681,000 oz & Inferred Resource of 378,000 oz
TSX: CRK
OTCQX: CROCF
FRANKFURT: XGC
announce that it has increased the mineral resource estimate at its Mt. Bundy project located within the Mt. Bundy tenement package (formerly referred to as the Tom's Gully Project) in the Northern Territory of Australia (refer to Figure 1 below for location map).
Highlights include:
The Mt. Bundy deposit is located approximately 15 kilometres to the southwest of Crocodile Gold's Tom's Gully mine. The deposit was previously mined with a shallow open pit providing 4.71 million tonnes at 1.05 g/t gold of ore which was processed using a heap leach facility on site, with an overall gold recovery of around 70%. Mining was completed in the 1990's and no mining has taken place since this operation finished. From 2004 to 2006, Valencia Ventures Inc. (a previous owner) completed a project feasibility study, however at that time, as the average long term gold price used in the study was approximately $450 per ounce, the project was deferred.
About Crocodile Gold
Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,500 km2. Crocodile Gold is currently mining from the Howley, North Point and Princess Louise open pit mines and the Brocks Creek underground mine. Crocodile Gold commenced mining in November 2009 and announced its first gold pour in December 2009 at its Union Reefs Mill. The Company is currently developing the Cosmo underground mine. Ore is currently processed at the 2.4 million tonne per year Union Reefs Mill. Crocodile Gold has 3.5 million ounces of NI 43-101 compliant measured and indicated resources (57 million tonnes at an average grade of 1.9 g/t gold) and 2.2 million ounces of inferred resources (38 million tonnes at an average grade of 1.8 g/t gold)
Last: 1.39 Range: 2.40-0.97 Market Cap: 313 million
Nevada Copper Announces Further High Grade Drill Results of 78.5 Feet of 3.17% Copper
Nevada Copper Corp. (TSX:NCU)
announce further positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The holes reported below represent the latest results from the geotechnical and North Deposit resource drilling programs. Once the geotechnical drilling is completed the drilling will transition into the recently announced 20,000 meter resource step-out and expansion drilling program.
Assay results from five geotechnical holes have been received; one from the South Deposit, one in the East Deposit, and three in the Decline area. NC10-GT-01 was drilled to collect geotechnical data within the East Deposit. The hole confirmed mineral continuity intersecting 78.5 feet (23.9 meters) averaging 3.17% copper and 0.228 grams of gold.
About Nevada Copper
Nevada Copper has 56.5 million shares outstanding and is well funded with approximately $27 million in cash to complete the current and proposed drilling programs as well as the Definitive Feasibility Study scheduled for release in June of 2011.
Last 3.91 Range: 4.40-1.82 Market: 212 million
AM Gold Announces Updated 1.32 Million Troy Ounce Gold Inferred Resource Estimate for Red Mountain Property
AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX)
announce that an updated National Instrument 43-101 report ("the Report") has been prepared for the Company by Brian Leslie Cole, P. Geo., who is a Qualified Person under National Instrument 43-101. The Report includes an updated inferred resource estimate of 79.3 million tonnes grading 0.5 g/t gold, approximately 1.32 million contained troy ounces of gold for the Red Mountain Property, Yukon Territory, Canada.
The updated inferred resource estimate for the Red Mountain Property has increased the previous resource estimate of approximately 542,000 contained troy ounces gold (23.6 million tons grading 0.7 g/t gold) previously announced June 16, 2010 in the same category.
About the company
AM Gold is rapidly building a leading gold and copper exploration company with a focus on Peru.The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima.Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Last: 0.65 Range: 0.78-0.15 Market Cap: 24.5 million