AGORACOM Small Cap TV - May 10th - Highlights
posted on
May 10, 2011 09:31AM
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 10th, 2011, and we’ve found 3 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.
Northair Intersects 39.3 Metres of 205.3 g/t Silver at La Cigarra Project, Mexico
International Northair Mines Ltd INM
pleased to announce assays results from three diamond drill holes recently completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
Drill highlights include:
n39.3 metres of 205.3 g/t silver in Hole CC-11-009; -- 77.80 metres of 61.4 g/t silver in Hole CC-11-007; and -- 27.20 metres of 50.0 g/t silver and 10.65 metres of 0.303 g/t gold in Hole CC-11-008.
"The results of this recent drilling successfully extended the strike length of the San Gregorio Zone by 50 metres and confirmed high grade mineralization at depth, with the zone remaining open along strike and down dip," said Fred Hewett, President & CEO of Northair. "Hole CC-11-009 is the deepest hole drilled to date on the property and has confirmed significant silver mineralization over 150 metres below surface. Hole CC-11-008 confirmed the footwall portion of the zone and returned significant gold values - providing evidence of a potentially economic gold zone. Hole-CC-007 has confirmed the extension of the zone to the southeast, which remains fully open."
About the company
International Northair Mines Ltd. concentrates its main exploration activities in Mexico. Through an aggressive generative program focused within prospective mineral belts, the Company has successfully staked and acquired a number of early stage projects that offer opportunities for significant precious metal discoveries. In addition to an independent strategy, Northair also operates under a joint venture, shared risk model to maximize the exploration potential of a number of its properties. Since 1996, the Company has been highly successful in acquiring and joint venturing fourteen quality projects including six with drilling by major companies such as Fresñillo (Peñoles), Teck Corporation and Meridian (Yamana Gold).
Last: 0.77Range: 0.82-0.055Market Cap: 50.1million
Foran Intersects 1.70% Cu and 0.46 g/t Au Over 47.55m at McIlvenna Bay
Foran Mining Corporation FOM
announce assay results from an additional three drill holes from the Company's 2011 spring drill program (the "Phase One Program") at its McIlvenna Bay Project ("McIlvenna Bay" or the "Project"), located in northeast Saskatchewan, 60 kilometres west of Flin Flon, Manitoba.
Drilling results continue to indicate good continuity and thickness, with wide intervals of elevated copper and gold, as highlighted by MB-11-139 which intersected a downhole length of 47.55 metres grading 1.70% copper and 0.46 g/t gold, including an 8.00 metre interval grading 3.24% copper and 0.92 g/t gold.
About Foran Mining
Foran is a diversified exploration company with exploration properties in the Flin Flon mining belt. The Company's flagship project is McIlvenna Bay, a VMS deposit located 60 kilometres west of Flin Flon, Manitoba.
Last: 0.86Range: 1.49-0.26Market Cap: 50.1 million
Ambient Corporation Reports Second Straight Quarter of Profitability, Increased Revenue
Ambient Corporation (OTCBB: ABTG), a pioneer in the development of smart grid communications infrastructure, today announced financial results for the first quarter of 2011, ended March 31, 2011.
For the quarter, Ambient reported $12,006,483 in revenue and a gross profit of $5,205,513, compared to $1,683,925 in revenue and $542,887 in gross profit for the same period in 2010.
The first quarter of 2011 also represents Ambient's second consecutive quarter of profitability, reporting $1.1 million in net income, compared to a $2.4 million loss in 2010.
Net cash provided by operating activities for the three months ended March 31, 2011 was $2,067,585.
About Ambient Corporation
Ambient designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (OTCBB: ABTG).
Last Trade: 0.08952 Week: 0.153 – 0.06Market Cap: 146.75 Million