AGORACOM Small Cap TV - March 22nd - Highlights
posted on
Mar 22, 2011 10:00AM
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 March 22nd, 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.
Carpathian Intersects 482 m of 1.06 g/t Au & 0.21% Cu and Continues to Increase Size of Ciresata Deposit With More Wide Zones of Au-Cu Mineralization
Carpathian Gold Inc. (TSX:CPN)
provides further results from its 35,000 meter planned 2011 drill program at the Corporation's 100% owned Rovina Valley Project ("RVP") in west-central Romania.The 2011 drill program will focus on defining the limits of the Ciresata deposit, upgrade the inferred resource to the measured plus indicated resource categories, as well as test satellite targets.
About Carpathian
The Corporation is an exploration and development company whose primary business interest is developing near-term gold production on its 100% owned Riacho dos Machados Gold Project in Brazil, which is currently in the Feasibility Study stage, along with progressing its exploration and development plans on its 100% owned Rovina Valley Au-Cu Project located in Romania. On a company wide basis, the Corporation currently hosts 43-101 resources of 3.88 million ounces of gold in the measured plus indicated categories and 4.58 million ounces of gold in the inferred category, as well as 759.1 million pounds of copper in the measured plus indicated category and 663.1 million pounds of copper in the inferred category.
Last Sale: 0.47 52 Week Range: 0.24 - 0.77 Market Cap: 181.93M
Cornerstone and Thundermin Intersect 4.1% Copper Over 10.6 m and 4.5% Copper Over 5.9 m in the Little Deer Copper Deposit, Newfoundland
Cornerstone Capital Resources Inc.(TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) and 50% joint venture partner Thundermin Resources Inc. ("Thundermin") (TSX-THR)
announce that they have intersected high grade copper mineralization assaying 4.1% Cu over 10.6 m, including 6.7% Cu over 5.8 m, and 4.5% Cu over 5.9 m within the Little Deer Copper Deposit ("Deposit") which is located approximately 10 km north of Springdale in north-central Newfoundland
A $1,600,000 diamond drilling program, comprising approximately 12,000 to 13,000 m of drilling in 18 to 20 holes and employing two drills, commenced on the Deposit on December 1, 2010. A total of 6,372 m of drilling in 13 holes has been completed to date. The primary purpose of this drill program is to increase the estimated mineral resources outlined to date in the Deposit to the five to six million tonne range. The potential increase of the current mineral resources is conceptual in nature and it is uncertain whether further exploration drilling will result in an expansion of this mineral resource.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada, Ecuador and Chile, and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships. The company is well funded and commitments from JV partners constitute significant validation of the strength of Cornerstone's projects.
Last Sale: 0.50 52 Week Range: 0.10 - 0.76 Market Cap: 47.52M
Vantex Cuts 186 Metres at 0.72 g/t Au on Galloway
Vantex Resources Ltd (TSX VENTURE:VAX)
pleased to provide drilling results from the latest drilling campaign from the GP zone, located south-west of the Galloway property. Many gold sections grading more than 0.50 g/t Au over 100 metres or more were intersected during this campaign.
Drill holes VHD10-31, VHD10-25 and VHD10-35 intersected along the hole, 0.72 g/t Au over 186 metres, 0.51 g/t Au over 157 metres and 0.53 g/t Au over 150 metres. Drill hole VHD10-34 intersected 0.52 g/t Au over 112.5 metres while VHD10-36 returned 0.53 g/t Au over 102 metres. VHD10-49 also intersected gold grades of 0.54 g/t Au over 111 metres.
"Those results clearly show the great potential of the GP Zone and its surroundings. The newly discovered Moriss zone, located 500 metres to the west and the Hendrick zone, located in the south west extension of GP, forms along with the GP zone, what we can now call our Golden triangle. We believe that these zones can be connected. Our new 3,000-meter drilling campaign will start in April and will test this hypothesis" mentioned the company's CEO, Mr. Guy Morissette.
About the company
Vantex Resources Ltd is a Canadian junior mining exploration company listed under the symbol "VAX" on the TSX Venture Exchange. Vantex main objective is to acquire and explore strategically located gold properties in western Quebec (Canada).
Last Sale: 0.3452 Week Range: 0.09 - 0.64 Market Cap: 12.51M
Glen Eagle Intersects 1.25% Li2o Over 34.5 Meters
Glen Eagle Resources Inc. (TSX VENTURE:GER)
is pleased to announce the results of additional drill holes on the Authier Lithium project located near Val d'Or in Quebec.
Hole AL-11-15 was drilled in the center of the deposit below previous intervals and at a vertical depth of 125 m intersecting1.25% Li2o over 34.5m
This intercept confirms the presence of a high grade thick core also cut in hole AL-11-24 located 50 m to the west (see release dated March 2nd. 1.09% Li2O over 54 Meters).
Hole AL-11-03 was drilled at the western end of the known deposit on the same section as hole AL-11-02 (March 2nd: 1.08 % Li2O over 4.5 m) but 50 m above the latter with grades improving towards surface.
About the company
Glen Eagle’s intent and mission has and will always be its commitment to a non-dilutive strategy towards its shareholders.Glen Eagle has 30 million shares outstanding, of which approximately 12 million shares are controlled by management with a few key partners.
Last Sale: 0.26 52 Week Range: 0.10 - 0.34 Market Cap: 6.98M