AGORACOM Small Cap TV - May 9th - Highlights
posted on
May 09, 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 May 9th, 2011, and we’ve found 5 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.
Bellhaven Drills Third Consecutive 200-Plus-Meter Intercept at La Cantera, La Mina, Colombia
Bellhaven Copper and Gold Inc BHV
announce that DDH-22, the most recent drill hole targeting the La Cantera prospect, delivered a third consecutive intercept in excess of 200 m: 236 m containing 1.04 g/t gold and 0.45% copper (1.80 g/t equivalent). Contained within this long intercept is the highest grade interval ever drilled at La Cantera: 138 m averaging 1.53 g/t gold, 0.61% copper (2.58 g/t gold equivalent).
About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE: BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to become one of the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.
Last; 0.53Range: 0.97-0.18Market Cap: 34.9 million
Mirasol Reports Coeur's Initial Resource Estimate for the Joaquin Project with Over 19 million Indicated plus 47 million Inferred Silver Ounces Accessible by Open Pit
Mirasol Resources Ltd MRZ
announce the first 43-101 compliant resource estimate for part of the Joaquin Silver Project, Santa Cruz Province, Argentina. The estimate produces an in-pit resource for the La Negra and La Morocha deposits and includes 19.6 million ounces of silver in the Indicated category, and 47.9 million ounces of silver in the Inferred category. Mineralization remains open below the base of drilling at both Morocha and La Negra, showing clear scope for further drilling to increase the size of this initial resource.
About the company
Mirasol Resources Ltd. is a junior resource company focused on new precious metals exploration, discovery and development in the Americas.
Last: 5.19Range: 7.94-1.51Market Cap:198 million
East Asia Announces NI43-101 Resource Estimate for Miwah; Growth Potential Verified by Open Sections and Drilling Outside Resource Block
East Asia Minerals Corp EAS
announce that Mining Associates Pty Ltd ("MA") has provided an initial NI43-101 compliant resource estimate for the Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia.
Based on 71 diamond drill holes the Inferred Resources, using a 0.20 g/t gold cut-off, are estimated at 103.9 million tonnes averaging 0.94 g/t gold and 2.68 g/t silver for 3.14 million ounces gold and 8.95 million ounces silver in near and at surface mineralization.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi.
Last: 4.88Range: 8.73-4.41Market Cap: 378 million
Colt Resources Intersects 1.08% WO3 over 7.65m at its Tabuaço Tungsten Project, Northern Portugal
Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is very pleased to announce it has received preliminary analytical results for the recently completed 4(th) hole drilled this year in its Tabuaco (São Pedro das Águias) tungsten project, located in the Company's wholly owned Armamar‐Meda concession in northern Portugal
Drillhole DHT13 was planned as an infill hole to improve confidence in the geology and grade models and has confirmed the presence and continuity of several thick and richly mineralized skarn horizons.
Colt's current drilling program is designed to confirm and expand the historical, non NI 43‐101 compliant resource estimate of 1 million tonnes grading 0.87% WO3
Nikolas Perrault, President and CEO of Colt, says, "We are very encouraged by these positive results and have accelerated the exploration program having recently commenced drilling using a second rig."
About Colt Resources Inc.
Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten. It is currently focused on advanced stage exploration projects in Portugal, where it is the second largest lease holder of mineral concessions.
Last: 0.70Range; 0.96-0.62Market Cap: 38.3 million
Mitek Systems Reports Fiscal 2011 Second-Quarter Earnings
Mitek Systems, Inc. (OTC: MITK.OB; www.miteksystems.com), the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, today announced financial results for the second quarter of its fiscal 2011, which ended March 31, 2011.
Net sales for the second quarter of fiscal 2011 were $2,868,000, compared with $1,517,000 in the same quarter last year, an increase of $1,351,000 or 89 percent. Gross margin for the second quarter of fiscal 2011 was 91 percent, compared with 88 percent for the same quarter last year.
Net income for the second quarter of fiscal 2011 was $570,000, or $0.02 per diluted share, compared with net income of $7,000 or $0.00 per diluted share, for the same fiscal quarter last year.
The Company ended the second fiscal quarter of 2011 with cash and cash equivalents of $2,304,000, compared with $1,305,000 in the year-ago period. The Company had working capital of approximately $2,997,000 and stockholders' equity of $3,244,000 at the end of the second quarter of fiscal 2011, compared with working capital of approximately $1,400,000 and stockholders' equity of $1,001,000 at the end of the second quarter of fiscal 2010.
Mitek Systems Raises $15 Million In Private Placement
Mitek Systems, Inc. (OTC: MITK; www.miteksystems.com), the leader in mobile-imaging applications using smartphone cameras for check deposits, bill payments and ACH enrollments, announced today that it has closed a private placement of an aggregate of 2,857,143 shares of common stock at $5.25 per share to accredited investors yielding gross proceeds of $15,000,000.
Mitek Systems plans to use the net proceeds of the offering to fund working capital as a part of its growth strategy. As a result of this transaction, Mitek plans to file for listing of its shares on the NASDAQ Capital Market.
About Mitek Systems
For more than 20 years, Mitek Systems (OTC: MITK.OB.) has provided financial institutions with advanced imaging and analytics software to authenticate and extract data from imaged checks and other financial documents. Mitek's patented technology is currently used by leading financial organizations in the United States to process more than 10 billion items per year.
Last Trade: 5.65 52 Week: 6.75 – 0..65Market Cap: 115.87 Million