AGORACOM Small Cap TV - February 9th - Highlights
posted on
Feb 09, 2011 08:59AM
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 9th, 2011, and we’ve found 8 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.
Vior Inc.: Positive Drilling Results at Douay
Société d'Exploration Minière Vior Inc. (TSX VENTURE:VIO)(FRANKFURT:VL5)
announce positive drilling results from the exploration program on the Douay property, region of Matagami, Quebec. The 12,000-metre diamond drilling program announced in November 2010 has returned to date 80 metres of gold mineralization in the Porphyry Zone and confirmed the extensions of the Douay Ouest mineralized zone at depth.
Porphyry Zone
Results from the first hole in western end of the Porphyry Zone (Adam 92-7 Zone) confirmed the potential for a large tonnage low-grade gold deposit. Hole DO-11-33 intersected 1.07 g/t gold over 79.3m (257.5m – 336.8m), including 1.56 g/t gold over 38.3m (298.5m - 336.8m).
Profile
Vior is a growing mining company focused on developing its properties. The company owns a 75% participating interest in the Douay Ouest gold project and other mineral properties.
Last Sale: 0.15 52 Week Range: 0.07 - 0.20 Market Cap: 14.20M
GALWAY HITS 16.5 M OF 8.1 G/T GOLD, BRIDGING THE GAP BETWEEN THE PIE DE GALLO AND NE ZONES, AND HITS 4.0 M OF 176.2 G/T GOLD
Galway Resources Ltd. (GWY: TSX-V)
announce assay results from seven additional drill holes from its diamond drill exploration program on the Company's California property in Colombia. Hole GWY-76, drilled near the midway point between strong results previously reported for the Pie de Gallo and Northeast Zones, intersected 16.5 meters grading 8.1 g/t gold, including 1.5 meters of 80.0 g/t gold.
Gold intercept highlights from the Pie de Gallo Zone are as follows:
GWY-76
GWY-81
About the Company
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. The core focus of the Company is gold exploration in northeast Colombia, with a drill program occurring at the California gold project and a geophysical program occurring at the Vetas gold project, which will be followed by a drill program later in the first quarter.
Last: 1.04Range: 1.28-0.63Market Cap: 80 Million
Sandstorm Resources Announces Commercial Production at Luna Gold's Aurizona Gold Mine
Sandstorm Resources Ltd. ("Sandstorm") (TSX VENTURE:SSL)
announced the commencement of commercial production at Luna Gold Corp.'s ("Luna") (TSX VENTURE:LGC) Aurizona Gold Mine ("Aurizona"), located in Maranhão State, Brazil. Under the Gold Purchase Agreement with Luna, Sandstorm is entitled to purchase 17% of the life of mine gold produced from Aurizona at a per ounce price equal to the lesser of US$400 and the then prevailing market price.
Aurizona Gold Mine Status Highlights:
* Gold Production for November 2010, December 2010 and January 2011 totaled 10,905 ounces
* Combined 90-day average throughput rate in excess of 3,615 tonnes per day, including peak daily throughputs as high as 5,000 tonnes
* Additional plant modifications to be completed in February and March 2011 will increase productive capacity and provide more consistency in production
* Full production ramp-up to consistently produce 4,500 tonne-per-day capacity is on schedule for April 2011
* On track to meet 2011 gold production guidance of 55,000 to 60,000 ounces
* Gold is now being routinely produced and sold to customers globally
ABOUT SANDSTORM RESOURCES
Sandstorm Resources Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.
Last Sale: 0.81 52 Week Range: 0.58 - 0.97 Market Cap: 193.83M
Temex Intersects High Grade Gold in Several Holes, Whitney Property, Timmins 33.60 g/t Gold over 2.40 m and 21.20 g/t Gold over 4.10 m
TSX-V:TME; FWB:TQ1
Temex Resources Corp. (TSX-V: TME, FWB: TQ1)
announces additional drill results from seven holes on its Whitney JV Property ("Whitney" or "the Property") located in the heart of the Timmins Gold Camp. Results are part of the Company's ongoing 15,000 metre diamond drill program which is focused on targets in the Upper Hallnor Mine area.
Historically, the high grade Hallnor Mine produced 1.7 million ounces of gold at an average grade of 0.40 oz/ton (13.7 g/t Au).
Highlights:
* 21.20 g/t gold over 4.10 metres and 3.20 g/t gold over 8.90 metres in Hallnor South Vein system
* 33.60 g/t gold over 2.40 metres and 44.30 g/t gold over 0.50 metres in Hallnor Main Vein system
* High grade gold mineralization now extended beyond shallow mine workings
About Temex Resources Corp.
Temex is a Canadian based exploration company focusing on its portfolio of precious metals properties in northeastern Ontario, a world class mining district. Temex is focussed on exploring the Timmins Gold Project, and specifically the property known as Whitney, in partnership with Goldcorp and at the same time advancing its Juby Gold Project, one component of which is the 100% owned Juby Lease Property which contains a National Instrument 43-101 Indicated resource of 614,000 ounces of gold and an Inferred resource of 602,000 ounces of gold.
Last: 0.40Range: 0.48-0.17Market Cap: 31 Million
Yingli Green Energy and Borrego Solar Enter into New PV Module Supply Agreement
Yingli Green Energy Holding Company Limited (NYSE:YGE - News) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which markets its products under the brand "Yingli Solar," announced today that its U.S. subsidiary, Yingli Green Energy Americas, Inc. ("Yingli Americas"), has signed a new PV module supply agreement with San Diego-based Borrego Solar Systems Inc. ("Borrego Solar"). Under the terms of the agreement, Yingli Americas is expected to supply 20 megawatts (MW) of PV modules to Borrego Solar in 2011. These modules are designated for commercial solar projects across the U.S.
Borrego Solar purchased 10 MW of Yingli Solar PV modules in 2010, which were used in several high-profile projects, including the San Diego Community College District (San Diego, CA, 2.8 MW), City of Ridgecrest (Ridgecrest, CA, 500 kW), and San Diego County Water Authority (San Diego, CA, 1.8 MW). In total, these projects created approximately 400 green jobs, and are expected to deliver enough clean solar energy to power approximately 8,500
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE:YGE - News), which markets its products under the brand "Yingli Solar," is a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers. Yingli Green Energy's manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of over 1 GW per year.
Last Trade: 11.7952 Week: 14.29 – 8.31Market Cap: 1.75 Billion