AGORACOM Small Cap TV - February 7th - Highlights
posted on
Feb 07, 2011 09:30AM
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 7th, 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.
Sama Resources Intersects 33.29 Metres of 2.45% Nickel+Copper
Intersection Includes 3.71% Nickel and 2.84% Copper Over 6.65 Metres at its Poly-metallic Samapleu Project
Sama Resources Inc. (TSX VENTURE:SME) -
Highlights:
* Intersection of a mineralized zone of 33.29 metres grading 1.29% nickel and 1.16% copper, including 6.65 metres grading 3.71% nickel and 2.84% copper.
* Intersection of a mineralized zone of 19.6 metres grading 2.14% nickel+copper, including 2.55 metres grading 2.72% nickel and 1.75% copper.
* Intersection of a possible new parallel mineralized horizon: 8.25 metres of mineralization, including 0.5 metres of massive sulphide and 2.75 metres of semi-massive sulphide.
* Commenced 1,000 metre drilling program at its Sipilou South nickel and cobalt-rich laterite deposit.
About the company
Sama Resources Inc. ("Sama") (TSX.V: SME) is a growth-oriented resource company focused on exploring the Samapleau Nickel/Copper project in Ivory Coast, West Africa and the Bonanza Gold project in Arizona. The company is well financed and managed by experienced industry professionals with a strong track record of discovery.
Last Sale: 0.3752 Week Range: 0.30 - 0.50 Market Cap: 20.10M
PUTU IRON ORE RESOURCE MORE THAN DOUBLES TO 2.4 BILLION TONNES
TSX-V: AUR, AIM:AAAM
announce an updated independent National Instrument 43-101 compliant Mineral Resource Estimate at its 38.5% owned Putu iron ore project in Liberia.
* Inferred resource increased to 2.4 billion tonnes of iron mineralisation at 34% Fe
* Test work on magnetite BIF indicates a high grade concentrate can be produced
* Potential for direct shipping ore exists to generate near term cash flow
* Aggressive drilling campaign underway and expected to total >60,000m
* Potential for a further 1 to 2.5Bt below current modelled optimised pit shell
About African Aura Mining Inc.
African Aura is an established exploration and development company listed on the TSX-V (AUR) and London's AIM (AAAM). The Company operates two divisions that are intended to be split into separate listed companies becoming effective, subject to shareholder, regulatory and other approvals in April 2011:
Last: 3.90Range: 3.79-0.80Market Cap: 206 million
Extorre Extends High Grade Gold-Silver Zones at Cerro Moro
Extorre Gold Mines Limited (TSX:XG) (FRANKFURT:E1R) (OTCQX:EXGMF)
report that discovery drilling continues to extend gold-silver mineralization at its 100% owned Cerro Moro Project, in Santa Cruz Province, Argentina. The latest drilling has returned high grade to "bonanza" grade intersections from the Esperanza, Gabriela and Martina veins.
Highlights from the new drilling include a deep drill hole, MD1127 on the Martina vein. The most noteworthy intercepts from the program include:
MD1126 (Esperanza vein) intersected 1.90 metres ("m") at 12.2 grams per tonne ("g/t") gold + 1,079 g/t silver (30.2 g/t gold equivalent*) including 0.30 m at 31.1 g/t gold + 2,501 g/t silver (72.8 g/t gold equivalent*).
MD1127 (Martina vein) intersected 0.85m at 310.1 g/t gold + 5,295 g/t silver (313.8 g/t gold equivalent*).
MD1052 (Gabriela vein) intersected 4.46m at 10.3 g/t gold + 1,440 g/t silver (34.2 g/t gold equivalent*), including 1.13m at 36.8 g/t gold + 5,295 g/t silver (125.1 g/t gold equivalent*).
About Extorre
Extorre is a Canadian public company listed on the Toronto Stock Exchange (symbol XG) and on the OTCQX (symbol EXGMF). Extorre's assets comprise approximately $42 million in cash, the Cerro Morro and Don Sixto projects, and other mineral exploration properties in Argentina.
Last Sale: 5.39 52 Week Range: 1.30 - 7.34 Market Cap: 471.48M
Golden Goliath Drills 412 g/t Silver (11.95 oz/ton Silver) and 1.14 g/t Gold Over 0.85m
Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) –
The final drill results are from the Frijolar trend, which is bounded on either side by the Las Bolas and Corazon trends on the Las Bolas property where drilling was designed to expand upon the existing resource. Prior to the Company's work, the Las Bolas property has seen no modern day exploration. Dozens of tunnels and adits developed over 100 years ago are scattered throughout the property.
Highlights
* Drill Hole F-4-10 drilled a high grade zone of 412 g/t silver, and 1.14 g/t gold over 0.85m overlain by a wider zone of 0.34 g/t gold, and 52 g/t silver over 22.5m. F-4-10 ended in mineralization.
* Drill Hole F-2-10 drilled 70.4 g/t silver and 2.83 g/t gold over 0.65m. F-2-10 ended in mineralization.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person who has reviewed and approved this release is J. Paul Sorbara, M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.
Last Sale: 0.45 52 Week Range: 0.15 - 0.75 Market Cap: 35.89M