AGORACOM Small Cap TV - December 21st - Highlights
posted on
Dec 21, 2010 09:07AM
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 21st 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.
China Armco Metals Provides Update on Metal Recycling Business
SAN MATEO, CA--(Marketwire - 12/21/10) - China Armco Metals, Inc. (AMEX:CNAM - News) ("China Armco" or the "Company"), a distributor of imported metal ore and metal recycler with a new state-of-the-art scrap metal recycling facility in China, today announced it expects the Company to produce and sell approximately 25,500 tons of recycled steel with an aggregate value of approximately $12 million in the fourth quarter of 2010.
China Armco's fourth quarter orders to sell 25,500 tons of recycled steel are from 5 customers. The central government recently announced that the power rationing for energy intensive industries and steel producers will be phased out and the Company is optimistic about being able to be operating on a full time basis in the near term.
About China Armco Metals, Inc.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and has entered the recycling business with the recent launch of operations of a 80,000 ton per year shredder and recycler of metals located on 32 acres of land. China Armco maintains customers throughout China which includes the fastest growing steel producing mills and foundries in the PRC. Raw materials are acquired from a global group of suppliers located diverse countries, including, but not limited to, India, Hong Kong, Nigeria, Brazil, Turkey and the Philippines. China
Last Trade: 2.8952 Week: 11.10 – 2.75Market Cap: 43.87 Million
Continental Gold Drills 9.9 Metres at 53.11 g/t Gold & 109.9 g/t Silver and 3.5 Metres at 76.72 g/t Gold & 216.4 g/t Silver at the Buritica Gold Project
Continental Gold Ltd. (TSX:CNL)(OTCBB:CGOOF)
announce further diamond drilling results from the Yaragua and Veta Sur Systems at its Buritica gold project in Antioquia, Colombia. To date, 45,000 metres of diamond drilling have been completed on the property as part of a program which will include an additional minimum of 60,000 metres in 2011.
Highlights
About Continental Gold Limited
Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering 200,000 hectares in Colombia. Spearheaded by a management team with over 40 years of exploration and mining experience in South America, the Company has begun an aggressive exploration program on its extensive portfolio of properties with a focus on its flagship high-grade gold project, Buritica and the highly prospective Berlin gold project.
Last: 9.45Range: 10.78-1.89Market Cap: 672 million
Geovic Mining Corp.: Update on Status of Nkamouna Feasibility Study
Geovic Mining Corp (TSX:GMC)(OTCBB:GVCM), on behalf of its 60.5%-owned subsidiary Geovic Cameroon PLC, announces the current status of the Feasibility Study for its Nkamouna Cobalt-Nickel-Manganese Project (the "Project") in Cameroon, Africa.
Through December 2010, the following observations and conclusions have been made:
Geovic Mining Background
Geovic is a U.S.-based corporation whose principal asset is 60.5% indirect ownership of a significant cobalt-nickel-manganese deposit in the Republic of Cameroon, Africa.
Last Sale:0.90 52 Week Range: 0.58 - 0.99Market Cap: 93.85M
Rockcliff Files NI 43-101 Report on Indicated Resource Estimate for Rail and Closes Final Tranche of Offering
822,000 Tonnes at 3.04% Copper, 0.90% Zinc, 9.25g/t Silver, 0.66g/t Gold
Rail Deposit Remains Open in all Directions
Trading Symbol RCR: TSXV
announce a National Instrument (NI) 43-101 Technical Report has been completed for its Rail Deposit located in central Manitoba in Rockcliff's Snow Lake Project.
The Mineral Resource Statement for the Rail Deposit is reported at a cut-off grade of 2.0 percent copper. The statement includes metal grade for copper, zinc, gold and silver but not lead because this metal is present at near detection limits.
Table 1: Mineral Resource Statement*, Rail Polymetallic Sulphide Deposit,
Manitoba, SRK Consulting, November 4, 2010
Resource Category |
Quantity |
Grade |
Contained |
|||
(tonnes) |
Cu (%) |
Zn (%) |
Au (g/t) |
Ag (g/t) |
Cu (pounds) |
|
Indicated |
822,000 |
3.04 |
0.90 |
0.66 |
9.25 |
55,090,000 |
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totaling in excess of 600 km2 located within and proximal to the Snow Lake Mining Camp.
Last: 0.19Range: 0.33-0.11Market Cap: 12.5 million