AGORACOM Small Cap TV - February 2nd - Highlights
posted on
Feb 02, 2011 08:56AM
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 February 2nd, 2011, 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.
Creston Intersects 64.85 Metres Averaging 0.080% Molybdenum, 0.17% Copper and 5.38 gpt Silver: Additional Drilling to Commence
Creston Moly Corp. (TSX VENTURE:CMS)
announces assay results from six exploration and four geotechnical holes recently completed at its El Creston molybdenum property located in the state of Sonora, Mexico. In addition, the Company wishes to announce a nine hole drill program totaling 1,200 metres in length with the purpose of testing areas that can add resources to the existing measured and indicated categories.
Drill Highlights Include:
* Hole EC10-116 intersecting 64.85 metres averaging 0.080% molybdenum, 0.17% copper and 5.38 gpt silver;
* Hole EC10-120 intersecting 89.65 metres averaging 0.063% molybdenum in which there is a 12.30 metre section averaging 0.177% Mo, 0.19 % copper and 3.19 gpt silver;
·Hole EC10-121 intersecting 95.1 metres averaging 0.053% molybdenum, 0.23 copper and 1.78 gpt silver.
About the company
The El Creston molybdenum deposit located in the State of Sonora, 175 kilometres south of the US Border boasts excellent infrastructure with close proximity to power, roads and railway. A semi-desert climate allows for year round development. In addition a custom molybdenum roaster is located approximately 105 kilometres from the property by road.
Last: 0.43Range: 0.53-0.16MarketCap: 123 million
Estrella Announces Drill Results From Colpayoc Gold Project, Yanacocha District, Peru
Estrella Gold Corporation (TSX VENTURE:EST)
is pleased to announce drilling results from the Colpayoc gold project, 12 km southwest of the Yanacocha gold mine in northern Peru.
The Company has received assay results from three drill holes, including 462.6 meters of core. The Colpayoc Project contains 4,200 hectares of mineral rights and to date, four discreet areas of mineralization have been identified.
Three inclined core holes (-50°) were completed at the Daylight Gold Zone which has a NI 43-101 compliant gold resource measuring 7.6 million tonnes @ 0.60 g/t containing 144,600 oz gold. Drill holes were located at both in-fill and step-out drill sites from the current resource and are intended to provide data necessary to expand the gold resource. Drill results contain the following significant assay intervals:
Drill |
Total |
Azimuth |
Inclination |
From |
To |
Interval |
Gold |
COL - 1 |
202.5 |
270 |
-50 |
Surface |
123.8 |
123.5 m |
0.49 g/t |
|
including |
|
0.5 |
13.0 |
12.5 m |
0.73 g/t |
|
|
|
|
92.5 |
98.5 |
6.0 m |
0.90 g/t |
|
|
|
|
|
|
|
|
|
COL - 2 |
169.1 |
270 |
-50 |
Surface |
101.0 |
100.7 m |
0.67 g/t |
|
including |
|
5.0 |
37.0 |
32.0 m |
0.81 g/t |
|
|
|
|
|
|
|
|
|
COL - 3 |
91.0 |
270 |
-50 |
Surface |
91.0 |
91.0 |
0.55 g/t |
|
including |
|
37.2 |
46.0 |
8.8 |
0.84 g/ |
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources.
Last: 0.95 Range: 1.59-0.405 Market Cap: 16.3 million
JA Solar to Supply 400 MW of Solar Modules to a Leading European Provider of Photovoltaic Systems by 2013
SHANGHAI, China, Feb. 1, 2011 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO - News) ("JA Solar" or "the Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has signed a supply agreement with one of the leading European specialists in photovoltaic systems to provide 400 megawatts (MW) of solar modules from 2011 through the end of 2013.
Under the terms of this agreement, JA Solar will supply the company with 100 megawatts of solar modules in 2011, 125 megawatts in 2012 and 175 megawatts in 2013.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products. The company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation.
Last Trade: 6.9352 Week: 10.24 – 4.22Market Cap: 1.17 Billion
Pure Nickel Reports Operating Highlights and Fiscal Year-End Results for the Year Ended November 30, 2010.
Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) (the "Company") today released its operating highlights and its financial resultsfor the year ended November 30, 2010. (All dollar amounts herein are in Canadian funds unless otherwise indicated.)
2010 Operating Highlights
--The Company announced that its partner on the MAN Alaska
property exercised its option to vest a 30% interest in the
property. Pure Nickel received a vesting fee of US$500,000 and
the budget for the 2010 summer program was set at US$7.5
million. The Company remains the operator of the project and
earns a 10% management fee.
--Results from the MAN exploration season were very encouraging
with the discovery of stratiform Platinum Group Element (PGE)
horizons and intersections of narrow, high grade nickel-copper
massive sulphide mineralizations.
--The Rainbow, Nunavut property was expanded by 19 claims which
increased the property size eight-fold to a total of 19,850
hectares. A Mobile Metal Ion (MMI) geochemistry soil sampling
program was conducted in autumn to test its effectiveness for
detecting buried gold and nickel occurrences. Results of the
survey show that the MMI survey was able to identify the
location of a historic gold intersection (13.15g/t Au over 2.14
m) and that it has proved to be an effective tool for exploring
this property.
Results for the Year ended November 30, 2010
Pure Nickel reported that at November 30, 2010, it had cash and short-term investments on hand of $4.1 million. The company reported that its net loss was in line with expectations: $2.3 million ($0.03 per share) for the year ended November 30, 2010, compared to a net loss of $1.4 million ($0.02 per share) for the prior year. Total cash flows used in operating activities were $1.1 million in 2010, compared to $1.5 million in the prior year. For the three months ended November 30, 2010, the net loss was $0.8 million ($0.01 per share), compared to $0.5 million ($0.01 per share) in the same quarter in the prior year.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of mineral exploration projects in North America.
Last Trade: 0.175952 Week: 0.2274- 0.121Market Cap: 11.93 Million