AGORACOM Small Cap TV - March 23rd - Highlights
posted on
Mar 23, 2011 10:45AM
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 23rd, 2011, and we’ve found 6 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.
XZERES Receives MCS Certification to Accelerate Sales Efforts in the U.K
XZERES Wind Corporation (OTCBB: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), today announced MCS Approval for its 442SR 10kW small wind power system.
This is a significant accomplishment because our system has achieved certification to the EN45011 standard which complies with the UK Government eligibility requirement allowing our UK customers who purchase our systems to access one of the highest Feed-in-Tariff incentives and wind resources in all of Europe. This not only provides a significant offset of expensive purchased power for the end user, but also provides an additional incentive payment from as little as $5,000 to as much as $12,000 annually for a single system.
"We are pleased to be one of only six small wind manufacturer's globally to achieve attainment of the Microgeneration Certification Scheme (MCS) in the UK, which is one of the most lucrative and fastest growing markets in Europe," stated Frank Greco, CEO. "This MCS Certification, along with our recently achieved CE Mark, truly represents our ability to qualify globally, in order to successfully sell our systems anywhere in the world, supporting our long-term plans to be a major, global player in the small wind power industry."
About XZERES Wind Corp.:
XZERES Wind Corp designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. The companies grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications.
Last: 2.05Range: 5.35-0.50Market Cap: 27.2 Million
NQ Exploration Inc.: Enhanced Assessment of the Silver Potential of the Carheil Project and Initial Drilling Program Results
NQ Exploration Inc. (TSX VENTURE:NQE)
is pleased to report the initial drill results for the exploration program on its Carheil project, and to provide an update on its new assessment of the project's silver potential.
The NQ team has carried out a review of the intersections from the holes drilled to date to determine the potential for a primarily silver deposit, and is reporting here previously unreleased drill intersections that show very high silver grades over sometimes impressive widths, the best still beingHole CA2009-05, which assayed 170.7 g/t Ag over 35.5 metres (24.7 metres true thickness), including the previously-reported section of 524.1 g/t Ag over 10.5 metres (7.5 metres true width).
ABOUT NQ EXPLORATION INC.
NQ Exploration Inc. is a new mining exploration company with a solid portfolio of 11 mining properties in the James Bay and Abitibi regions of Quebec. NQ Exploration Inc. is betting on Quebec's excellent mineral potential and favourable investment climate to produce new world-class gold and base metal deposits.
Last Sale: 0.10 52 Week Range: 0.09 - 0.20 Market Cap: 3.37M
Nevado Drilling Continues Intersecting Significant Iron, Titanium and Vanadium From the Farrell-Taylor Occurrence at the La Blache Property (Quebec)
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)
pleased to report on the second set of drill assay results from the 2011 helicopter-supported diamond drilling campaign on the Corporation's wholly-owned La Blache Iron-Titanium-Vanadium Property (the "Property").
Highlights:
- FT-10-04: 81 metres grading 59.2% Fe2O3 (41.4% FeT), 18.1% TiO2 and 0.09% V2O5
- FT-10-02: 23 metres grading 58.9% Fe2O3 (41.1% FeT), 17.5% TiO2 and 0.12% V2O5
Nevado has already completed 10 drill holes for 2,710 m on the western extension of the Farrell-Taylor Iron-Titanium-Vanadium Occurrence (refer to the appended drill hole location map), and has already reported assay results for FT-10-01.
About the company
Nevado Resources is a junior mining exploration company trading on the Toronto Venture Exchange symbol VDO. The company is focused on exploring its precious and base metal properties within the province of Quebec, Canada.
Last Sale: 0.54 52 Week Range: 0.10 - 0.74 Market Cap: 11.11M
Blackdog Resources Ltd. Announces Improved Production Results at Girouxville
Blackdog Resources Ltd. (TSX VENTURE:DOG)
is pleased to provide an update on its non operated light oil property in Girouxville, Alberta, which is located approximately 160 km northeast of Grande Prairie, Alberta.
Based on monthly field reports from the operator, after an initial small production decline in the month of July due to one well being shut in for long term pressure build-up and the other two wells experiencing some downtime due to the workovers, the property has now seen an increase in production on the property for five straight months from August 1, 2010 to December 31, 2010.Production rose to just over 93 barrels of light oil per day ("bopd") in December 2010, with an average of 85-90 bopd of production in fourth quarter of 2010. This is an improvement over the production in the third quarter of 2010, which averaged between 75-80 bopd.The strong revenue and cash flows received from production to date from Girouxville have exceeded the Company's expectations and forecasts and, of particular significance, were received before the recent conflicts in the Middle East started which have caused the price of oil to rise to much higher levels over the last six weeks.
About Blackdog
Blackdog is a junior oil and gas company focused on the production of light oil assets in South East Saskatchewan and Alberta. The Company has 24,574,318 common shares outstanding.
Last Sale: 0.41 52 Week Range: 0.23 - 0.45 Market Cap: 8.83M
Fjordland Exploration Inc.-Woodjam North: Deerhorn Zone Drill Hole Intersects 151.5 m Grading 0.83g/t Gold and 0.21% Copper, Including 68.8 m Grading 1.17g/t Gold and 0.35% Copper
Woodjam South: 15,000 m Drilling Program Started on Southeast Zone to Delineate Resources
Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE: CRB), 60%-40% partners in the Woodjam Joint Venture ("WJV"), reporDrill hole DH11-26 intersected 151.5 metres (m) grading 0.83g/t gold and 0.21% copper, including a higher-grade intercept of 68.8 m grading 1.17g/t gold and 0.35% copperDH11-26 also had a 36.7 m unmineralized interval between 210 m and 246.7 m. The hole was collared approximately 230 m south of hole DH10-21 (156.6 m grading 1.14g/t Au and 0.29% Cu from 141.9 m, including 64 m grading 1.92g/t Au and 0.39% Cu from 212 m), with an azimuth of 320 degrees and a dip of -65 degrees.
The 2011 drilling program commenced on February 10th and is designed to expand the mineralized zone intersected in hole DH10-21 which was collared approximately 90 m south of hole DH09-03 (89.5 m grading 1.16g/t Au and 0.26% Cu, including 26 m grading 3.25g/t Au and 0.6% Cu).
About Fjordland Exploration Inc.
Fjordland Exploration is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Of the 28 properties Fjordland owns, the Woodjam North and Woodjam South properties (totaling 56,150 ha) are part of the Woodjam Joint Venture between Fjordland (60%) and Cariboo Rose Resources Ltd (40%); both properties are under separate option agreements to Gold Fields Horsefly Exploration Corporation. Fjordland also has a 100% interest in 7 properties known as "Tak" totaling 52,342 ha in the Woodjam area. Fjordland has a 100% interest in the 2,192 ha "Milligan" project, adjoining Thompson Creek Metals Company Inc.'s Mt. Milligan copper-gold deposits on the west. The Tak-Milligan properties have been optioned to Capstone Mining Corp.
Last Sale: 0.15 52 Week Range: 0.09 - 0.24 Market Cap: 10.70
Elbit Vision Systems Announces Three Year Record in Quarterly Profit and Continued Growth in Fourth Quarter of 2010
Elbit Vision Systems Ltd. (OTCBB: EVSNF.OB), a global provider of vision technology for automatic surface inspection and in-line quality monitoring systems, today announced its consolidated financial results width="10" /> on a GAAP basis was $1 million, representing 59% of revenues, compared with a gross loss of $0.03 million for the fourth quarter of 2009. Gross margins increased substantially due to the previously reported restructuring in June 2010.
Operating profit on a GAAP basis was $414 thousand compared with an operating loss of $630 thousand in the fourth quarter of 2009. Operating profit on a non-GAAP basis for the fourth quarter of 2010 was $480 thousand, representing 29% of revenues, compared with a loss of $548 thousand in the fourth quarter of 2009.
Net profit on a GAAP basis for the fourth quarter of 2010 was $322 thousand, compared to a net loss of $5 million in the fourth quarter of 2009. Net profit on a non-GAAP basis for the fourth quarter of 2010 was $388 thousand, compared to a net loss of $1.5 million in the fourth quarter of 2009.
About Elbit Vision Systems Ltd. (EVS): www.evs.co.il
EVS offers a broad portfolio of automatic State-of-the-Art Visual Inspection Systems for both in-line and off-line applications, and process monitoring systems used to improve product quality, safety, and increase production efficiency. EVS' systems are used by over 620 customers, many of which are leading global companies.
Last Trade: 0.08552 Week: 0.85 – 0.02Market Cap: 5.92 Million