AGORACOM Small Cap TV - June 16th - Highlights
posted on
Jun 16, 2011 09:00AM
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 June 16th, 2011, and we’ve found 7 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.
Extreme Biodiesel Team Members Continuing Research and Develop on 2nd Generation Biodiesel Processing Equipment
BookMerge Technology, Inc. (OTCBB:BRKM),
through its wholly owned subsidiary, Extreme Biodiesel, has Extreme team members continuing research and develop on provisionally patented 2nd generation biodiesel processing equipment. The next generation equipment is focused on increasing capacity and reducing the cost and time involved in production of biodiesel. Preliminary testing also shows that the new equipment is capable of processing algae oil and brown grease in addition to other higher Free Fatty Acid biodiesel feed stocks directly to renewable biodiesel, the next generation fuel currently the focus of the EPA for future grants.
About BookMerge Technology, Inc. (OTCBB:BRKM)
BookMerge Technology is an alternative fuel and recycling company. The company's mission is to provide a cost effective, high quality alternative diesel fuel, create Green Jobs, reduce the environmental impact of fossil fuels and diminish U.S. reliance on foreign oil. BookMerge Technology acquired Extreme Green Technologies, dba Extreme Biodiesel to fulfill that mission. Extreme Biodiesel is a fully licensed and permitted Biodiesel producer operating in Corona, Ca. Our facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant brown grease recycling service.
Last: 0.15Range: 0.22-0.06Market Cap: 15.3 million
Sulliden Releases Interim 43-101 Mineral Resource Estimate at Shahuindo
Sulliden Gold Corporation Ltd SUE
Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company") (TSX: SUE)(OTCQX: SDDDF) is pleased to announce the completion of a new gold and silver mineral resource estimate for its 100%-owned Shahuindo Project in Peru. The updated estimate, shown in Tables 1 and 2 below, delivered a 121% increase of Indicated gold ounces in the oxides and a 397% increase in Inferred gold ounces from the sulphides relative to the 2009 year-end estimate. Sulliden continues to actively drill the Shahuindo property and new results will continue to be released throughout 2011.
Highlights from the new mineral resource estimate at Shahuindo include:
-- 121% increase in Indicated gold mineral resources to 1.97 million oz. from 0.89 million oz. -- 397% increase in Inferred gold mineral resources to 1.44 million oz. from 0.29 million oz. -- 28.0 million oz. of silver in Indicated mineral resources -- 38.6 million oz. of silver in Inferred mineral resources
Peter Tagliamonte, President and CEO of Sulliden, commented, "The updated mineral resource estimate establishes a new and increasingly significant foundation for our Shahuindo Project, which we believe will continue to expand with the 2011 drilling program and future phases of exploration. Our geological knowledge of the deposit continues to improve and has led to both new discoveries within the known mineralized zones and has enabled us to identify potential expansion targets in close proximity to the known mineralized zones. In conjunction with the continued growth in mineral resources, the mining project is developing well with projected low stripping ratios and excellent recoveries."
About Sulliden
Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Project, its 100%-owned flagship property located in a prolific gold producing district in northern Peru. This project neighbours world-class gold mines including Barrick Gold's Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company, 80 kilometres to the north; both million-ounce per year producing mines. A positive Preliminary Assessment for the project was completed in February 2010 and a Feasibility Study is currently underway.
Forbes Coal Reports 45% Production Increase for First Fiscal Quarter 2012 (March-May 2012)
Forbes & Manhattan (Coal) Corp. (TSX: FMC)
pleased to provide an operations update for the first quarter of fiscal 2012 (ended May 31, 2011). Total Run of mine ("ROM") monthly coal production increased 45% when compared to the fourth quarter of fiscal 2011 and export sales rose 61% compared to the quarterly average of fiscal 2011.
First quarter highlights include:
--Total combined ROM production for the first quarter was 311,000 tonnes,
45% higher than total ROM production during the fourth quarter of fiscal
2011.
--Average combined monthly sales in the first quarter of 2012 were 44%
higher than the average combined monthly sales for fiscal 2011. When
compared with the fourth quarter of 2011, first quarter 2012 sales
increased by approximately 14%.
--Average monthly ROM production at Magdalena increased to 86,800 tonnes
from 58,200 tonnes, a 49% improvement from the fourth quarter of 2011.
When compared to fiscal 2011 monthly averages, Magdalena monthly ROM
production increased 33% during the first quarter of 2012.
--Total export sales for the first quarter of fiscal 2012 were 80,800
tonnes, 61% higher compared to quarterly average for fiscal 2011.
--Total domestic sales for the first quarter fiscal 2012 were 110,000
tonnes, 34% higher when compared to quarterly average for fiscal 2011.
--Chief Operating Officer, Malcolm Campbell started his new role effective
June 13, 2011, compared to previously announced August 1, 2011.
--Mr. Johan Louw, previously Vice President Operations, will now take the
role as Vice President Business Development and will focus on coal
marketing, logistics and new projects.
About Forbes Coal
Forbes Coal is an emerging mid-tier southern African coal company. It holds a majority interest in two operating mines. The Company holds a 76.75% interest in Slater Coal (Pty) Ltd., a South African company ("Slater Coal") which has a 70% interest in Zinoju Coal (Pty) Ltd. ("Zinoju").
Last: 2.60Range: 5.10-2.58Market Cap: 90.4 million
Salazar Extends High Grade With 12.8 Meters of 4.01 g/t Gold, 137.85 g/t Silver, 3.43% Copper & 3.56% Zinc
Salazar Resources Ltd. (TSX VENTURE: SRL)(FRANKFURT: CCG)
reports new assays from the ongoing diamond drill program on its 100% owned (30,327 ha), precious metals rich Curipamba volcanogenic massive sulphide project in Ecuador. Hole 115 intersected 12.8 meters of mineralization grading 4.01 g/t gold, 137.85 g/t silver, 3.43% copper and 3.56% zinc, including 7.03 meters grading 7.07 g/t gold, 230.16 g/t silver, 5.17% copper and 5.96% zinc (Figure 1; Table 1). This intersection expands the area of high grade. Hole 115 was drilled on section with holes 87 and 99 (Table 2).
About Salazar Resources: Salazar Resources Ltd. is a publicly-listed (TSX VENTURE: SRL)(FRANKFURT: CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador.
Last: 0.86Range: 1.60-0.85Market Cap: 34.3 million
Northair Intersects 21.85 Metres of 185.8 g/t Silver at La Cigarra Project, Mexico
International Northair Mines Ltd. (TSX VENTURE:INM)
pleased to announce assay results from three diamond drill holes recently completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
Drill highlights include:
-- Hole CC-11-012 returning 25.60 metres of 61.6 g/t silver including 5.00 metres of 99.8 g/t silver; -- Hole CC-11-013 returning 21.85 metres of 185.8g/t silver including 7.60 metres of 461.1 g/t silver; -- Hole CC-11-014 returning 29.80 metres of 29.6 g/t silver.
"Drilling at the Las Carolinas Zone continues to intersect significant silver values and encounter similar geology to that found in San Gregorio Zone which is located 1 kilometre to the northwest," said Fred Hewett, President & CEO. "Both zones remain open along strike and down dip. The drill results to date from these two zones, along with the intervening 1,000 metres of untested ground provides excellent immediate upside exploration potential. Additional potential also exists 1 kilometre north of San Gregorio at the La Borracha Zone which has yet to see core drilling."
About the company
The La Cigarra Project is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Local topography is gentle with good road access to the major city of Parral, located 26 kilometres to the south east. The La Cigarra Project hosts a silver-rich, epithermal mineral system with three identified zones along a three kilometre trend.
Last: 0.67Range: 1.00-0.055Market Cap: 46.4 million
Mazorro Resources and Adventure Gold Report 1.2 g/t Au Over 156.9 Metres on Lapaska Property, East of Val-d'Or, Quebec
Mazorro Resources Inc. TSXV: MZO
pleased to to report positive gold results from the first two holes of its ongoing surface drilling program on the Lapaska Gold Property (the "Property"). The Property, located 20 km east of Val-d'Or in the prolific Abitibi Greenstone Belt, is wholly-owned by AGE and under option to MZO.
The best gold intersections, in core length, yielded values of:
--Hole LP-11-16: 1.0 g/t Au over 103.4 metres, including a section grading
10.3 g/t Au over 3.8 metres at 69.0 metres depth, within a gold halo of
0.3 g/t Au over 564.1 metres; and
--Hole LP-11-17: 1.2 g/t Au over 156.9 metres, including a section grading
5.8 g/t Au over 3.9 metres and 4.7 g/t Au over 7.1 metres at 52.5 and
92.5 metres depth respectively, within a gold halo of 0.8 g/t Au over
245.5 metres.
About the company
Mazorro Resources Inc. is a Canadian junior mining exploration company. Mazorro Resources Inc. is publicly listed on the TSX Venture Exchange (V:MZO) and Frankfurt (symbol: JAM).
Mazorro focuses on emerging exploration opportunities, with a focus on gold properties in Quebec, Canada. During December 2010, the Company announced a property option agreement with Adventure Gold Inc. (TSX-V: AGE) to acquire up to a total 70% interest in the Lapaska property in the Louvicourt Township of Quebec. The Lapaska property is comprised of 26 claims covering an area of approximately 352 hectares located 20 kilometres east of the city of Val d’Or, in the eastern part of the Val d’Or gold mining camp, Quebec.
Last: 0.22Range: 0.30-0.07Market Cap: 8.6 million
China Valves Technology Signs a Strategic Cooperation Agreement with Sinopec
China Valves Technology, Inc. (NASDAQ:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that the Company has signed a strategic cooperation agreement (the "Agreement") with Sinopec International Petroleum Service Corporation ("Sinopec Petroleum Service"). Under the agreement, the Company would supply various valve products for Sinopec Petroleum Service's international projects.
The Agreement is a general cooperation agreement and is valid from June 16, 2011 to June 15, 2013, and can be further extended for another two years by negotiation between two parties. Both parties agreed that they would sign specific contracts for specific projects under the general cooperation framework. Depending on the specific project, Sinopec Petroleum Service would buy all valve products directly from China Valves or act as a sales agent of China Valves through its more than 35 subsidiaries in the world.
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou City ZD Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Taide Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., China Valve Technology (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in the development, manufacturing and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise.
Last Trade: 3.2652 Week: 12.64 – 2.58Market Cap: 116.28 Million
China Valves Technology Signs a Strategic Cooperation Agreement with Sinopec
China Valves Technology, Inc. (NASDAQ:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that the Company has signed a strategic cooperation agreement (the "Agreement") with Sinopec International Petroleum Service Corporation ("Sinopec Petroleum Service"). Under the agreement, the Company would supply various valve products for Sinopec Petroleum Service's international projects.
The Agreement is a general cooperation agreement and is valid from June 16, 2011 to June 15, 2013, and can be further extended for another two years by negotiation between two parties. Both parties agreed that they would sign specific contracts for specific projects under the general cooperation framework. Depending on the specific project, Sinopec Petroleum Service would buy all valve products directly from China Valves or act as a sales agent of China Valves through its more than 35 subsidiaries in the world.
About China Valves Technology, Inc.
China Valves Technology, Inc. through its subsidiaries, Zhengzhou City ZD Valve Co, Ltd., Henan Kaifeng High Pressure Valve Co., Ltd., Tai Zhou Taide Valve Co., Ltd., Yangzhou Rock Valve Lock Technology Co., Ltd., China Valve Technology (Changsha) Valve Co., Ltd. and Shanghai Pudong Hanwei Valve Co., Ltd., is engaged in the development, manufacturing and sale of high-quality metal valves for the electricity, petroleum, chemical, water, gas and metallurgy industries. The Company has one of the best known brand names in China's valve industry, and its history can be traced back to 1959 when it was formed as a state-owned enterprise.
Last Trade: 3.2652 Week: 12.64 – 2.58Market Cap: 116.28 Million