AGORACOM Small Cap TV - June 14th - Highlights
posted on
Jun 14, 2011 08:24AM
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 June 14th, 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.
Osisko Intersects 1.50 g/t Au Over 63.6 Metres at Jeffrey Zone
Osisko Mining Corporation ("Osisko") (TSX: OSK)
pleased to announce final results from the 2010 drill program at the Jeffrey Zone on the Malartic CHL Property, currently under option from Golden Valley Mines Ltd. and located immediately east of Osisko's 100%-owned Canadian Malartic gold mine.
Highlights from 74 new drill holes include: 63.6 metres averaging 1.50 g/t Au (CHL10-2351), 64.8 metres averaging 1.47 g/t Au (CHL10-2347, uncut), and 55.4 metres averaging 1.39 g/t Au (CHL10-2297).
About the company
Osisko Mining Corporation is a development-stage gold mining company based in Montreal, Quebec, Canada. Osisko is currently commissioning the Canadian Malartic gold mine in the Abitibi mining district. The first gold bar was poured on April 13th, 2011 and the beginning of commercial production is scheduled for May 2011.
Last: 13.97Range: 16.39-10.47Market Cap: 5.3 billion
Alto Ventures Ltd.: Drilling Intersects 5.18 g/t Gold at the East Coldstream Deposit, Ontario
Alto Ventures Ltd. (TSX VENTURE:ATV) -
announce the results of the last four holes from the Sanders and East zones of the East Coldstream Deposit ("Deposit") and 12 exploration holes from other areas of the Coldstream Property ("Property") in north western Ontario. The Deposit is currently subject to an NI 43-101 compliant resource calculation by Wardrop, a Tetra Tech Company (News Release dated March 01, 2011). Alto owns 40% of the project. Foundation is the operator of this program and owns a 60% interest.
Key Point Summary:
--27.75 metre-wide zone averaging 0.75 g/t gold including 2.58 g/t gold
over 3.30 metres: Hole C-11-56
--12.10 metre-wide zone averaging 1.20 g/t gold including 3.45 g/t gold
over 3.00 metres: Hole C-11-59
--9.25 metre-wide zone averaging 1.78 g/t gold including 5.18 g/t gold
over 1.80 metres: Hole C-11-63
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is developing advanced projects at its Destiny gold property in Quebec and its Coldstream gold property in Ontario. Further exploration activities are planned on its Beardmore-Geraldton gold properties, the Oxford Lake gold project in Manitoba and the Chilko gold project in British Columbia.
Last: 0.045Range: 0.095-0.04Market Cap: 8.5 million
Dejour Reports Improved Q1 2011 Financial Results
Dejour Energy Inc. (NYSE AMEX: DEJ / TSX: DEJ), an independent oil and natural gas company operating multiple exploration and production projects in North America's Piceance / Uinta Basin and Peace River Arch regions, today announced the release of its financial results for the first quarter period ended March 31, 2011.
Q1 2011 Key Achievements
In Q1 2011, the Company focused on increasing production, reserves, and operational efficiency at the its Drake/Woodrush properties, while maintaining all prospective acreage holdings and positioning for renewed drilling activities as both the business environment and commodity prices improved.
During the quarter, the Company achieved the following major objectives and also made significant progress on key strategic initiatives:
-- Commenced water injection at Woodrush halfway oil pool in Northern Eastern British Columbia, Canada to increase oil recovery and future production. Subsequent to March 31, 2011, the waterflood program was successfully implemented.
-- Raised gross proceeds of $3.3 million in equity under challenging market conditions, allowing the Company to support the development of oil and gas properties in the Drake/Woodrush properties.
-- Extended a bridge loan credit facility to April 30, 2011. Subsequent to March 31, 2011, the Company further extended this credit facility to October 31, 2011.
Three months ended March 31,
20112010
$$
--------------------------
RevenueNote (1)1,355,0001,135,000
Net lossNote (2)(2,079,000)(2,584,000)
Net loss per shareNote (3)(0.02)(0.03)
Operating netback (1)Note (4)840,000281,000
EBITDA (1)Note (5)(1,305,000)(1,490,000)
Adjusted EBITDA (1)Note (5)(202,000)(754,000)
About Dejour
Dejour Energy Inc. is an independent oil and natural gas company operating multiple exploration and production projects in North America's Piceance Basin (107,000 net acres) and Peace River Arch regions (15,000 net acres). Dejour's seasoned management team has consistently been among early identifiers of premium energy assets, repeatedly timing investments and transactions to realize their value to shareholders' best advantage. Dejour maintains offices in Denver, USA, Calgary and Vancouver, Canada.
Last TRADE: 0.357552 Week: 0.53 – 0.28Market Cap: 43.33 Million
Goldgroup Mining Inc. - 13.93 g/t Gold Intercepted Over 4.75 Metres at San José de Gracia, Mexico
Goldgroup Mining Inc. ("Goldgroup" or the "Company"), in coordination with DynaResource, Inc. ("DynaUSA"-"DYNR-OTCBB"), is pleased to announce that diamond drilling from the recent drilling program at the San José de Gracia gold project in Sinaloa, Mexico ("San José de Gracia") has encountered many intercepts of high-grade gold mineralization, including 13.93 g/t Au over 4.75 metres (Hole SJG-11-271 at Tres Amigos). Further, all other intercepts reported below are above the 2.0 g/t Au cut-off grade.
Highlights
|TRES AMIGOS VEIN|
|_____________________________________________________________________|
||Mineralization|
|______________|______________________________________________________|
||From|||Au grade|
|Drill Hole|(m)|To (m)| Interval (m) |(g/t)
SJG-11-271|108.45|108.85|0.40|5.49|
|______________|____________|_____________|______________|____________|
|and|115.40|120.15|4.75|13.93|
_____________________________________________________________________
|LA UNION VEIN|
|_____________________________________________________________________|
|SJG-11-298 |49.15|49.85|0.70|49.39|
|______________|___________|____________|________________|____________|
|and|52.67|53.95|1.28|3.02|
|______________|___________|____________|________________|____________|
_____________________________________________________________________
|SAN PABLO VEIN|
|_____________________________________________________________________|
|SJG-11-268 |92.65|94.25|1.60|11.74|
|______________|___________|____________|________________|____________|
|and|153.00|153.92|0.92|3.18|
About Goldgroup
Goldgroup is a well-funded Canadian-based gold production and exploration Company focused exclusively on Mexico, targeting growth in gold production, mineral resources, profitability and cash flow from a portfolio of production, development and exploration stage projects. The Company owns and operates the Cerro Colorado Gold Mine in Sonora, Mexico. Goldgroup's property portfolio includes its interests in its flagship project, Caballo Blanco in Veracruz and the San José de Gracia project in Sinaloa.
Last Trade: 4.1052 Week: 4.95 – 2.65Market Cap: 40.67 Million