AGORACOM Small Cap TV - August 23rd - Highlights
posted on
Aug 23, 2011 09:44AM
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 Aug 23rd, 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.
Timmins Gold Intersects 4.57 Metres Grading 8.134 Grams Per Tonne Gold
is pleased to announce that additional mineralized zones were intercepted during the month of July, 2011 from the ongoing drill program at its San Francisco mine open pit gold mine in the state of Sonora, Mexico.
During July the Company completed 95 drill holes totalling 20,103 meters of drilling. Drill results have confirmed that the mineralized zones continue both beneath the currently planned pit bottom and outside the perimeter of the currently planned pit limit. A series of holes drilled on the south wall of the pit confirmed the up dip continuity of the mineralized zones recently intersected beneath the currently planned pit bottom. For example, Hole TF-1312 drilled on the south wall intersected several mineralized zones including 12.19 meters with a grade of 2.631 gpt gold.
Drilling at the La Chicharra open pit which is two kilometers from the San Francisco pit also intersected gold mineralization. Results from the La Chicharra drilling will be released shortly.
The Company is completing an aggressive 100,000 meter exploration program which commenced at the beginning of July, 2011 and is expected to be completed at the end of the calendar year.
Highlights from selected drill holes from the July results at the San Francisco mine open pit are as follows:
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-----Mineral Drill Intersections
Drill Hole-----------------------------------------
Number Depth (m) Section Line From (m)To (m) True Width (m) Au, g/t
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TF-1318252.96560 W100.58114.3013.723.311
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includes100.58105.164.578.134
About Timmins Gold
Timmins Gold Corp. is a gold production and development company. In April 2010, Timmins Gold commenced commercial production at its wholly owned San Francisco gold mine in Sonora, Mexico. Timmins Gold has projected production at a rate of approximately 100,000 ounces of gold per year at a life of mine cash cost of approximately $489 per ounce. (Micon International Preliminary Feasibility Study, November 2010).
Last: 2.68Range: 2.99-1.67Market Cap: 370 million
Jayden Resources Announces More High-Grade Results from Silver Coin: 25.24 g/t Gold over 8.0 m including 99.99 g/t over 2.0 m in Hole SC11-361, and 5.79 g/t Gold over 27.0 m in Hole SC11-363
Jayden Resources Inc., ("Jayden" or "the Company") (TSX:JDN)
is pleased to announce assay results from 10 new holes from the planned 15,000 meter drilling program at Silver Coin. These new results have the potential to make a meaningful contribution to the next resource estimate and further demonstrate the significance of the high-grade gold component of the Silver Coin deposit. Assay highlights from the new holes are shown below:
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Intercept
FromTo LengthAuAuAgAg
Hole ID(meters) (meters)(metres)(g/t)(oz/t)(g/t) (oz/t)
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SC11-36158.066.08.025.240.73734.73 1.014
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including 58.060.02.099.992.920123.063.593
About Jayden Resources
Jayden Resources is a Canadian exploration company with a 43-101 compliant resource at the Silver Coin gold/silver deposit in the Stewart Camp, Northern B.C., that includes the historic Silbak-Premier Mine and Barrick Gold's famed Eskay Creek Mine. Excellent exploration potential remains to the north, north-west and south of the existing resource at Silver Coin, and will be tested in this year's drilling.
Last: 0.155Range: 0.39-0.11Market Cap: 28.3 million
Firebird Resources Inc. Drills 38.67m of 4.19 g/t Gold on Buzzard Project, South Carolina; Adds Second Rig
Firebird Resources Inc. (TSX VENTURE: FIX)
is pleased to announce initial drill results from its continuing drill program at its Buzzard project, South Carolina. Drill results from the first hole of a 2000 meter drilling program have been received. Hole FRDDBZ-102 was drilled to a depth of 152 meters to confirm and extend the historic drill results. Mineralization occurs within a heterolithic breccia unit that is well mineralized in historic drilling in nearby holes.
Significant results include:
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IntervalIntervalGradeGrade
FRDDBZ-102From (m) To (m)(m) (feet)(grams/ton Gold)(OPT Gold)
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1.3340.0038.67 116.004.19 0.13
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including3.6715.00 11.3334.0011.310.36
About Firebird
Firebird is a mineral exploration company whose long term objective is to build a diversified company focused on the acquisition, exploration and development of mineral properties.
Last: 0.65Range: 1.25-0.40Market Cap: 34.8million
NEVADO Drills 71 Metres Grading 65.2% Fe2O3 and 19.7% Tio2 (FT-10-25) at Farrell-Taylor Occurrence
NEVADO RESOURCES CORPORATION (TSX VENTURE: VDO) (the "Company" or "NEVADO")
today released the sixth batch of drill assay results from the Winter 2011 diamond drilling campaign on the Company's wholly-owned La Blache Iron-Titanium-Vanadium Property (the "Project").
The Company also announced new prospecting discoveries at La Blache #2 along with the expected timing of metallurgical testing results and the completion of Mineral Resources estimates for the Farrell-Taylor Occurrence oxides mineralization.
New assay results from the Winter 2011 drilling campaign
New assay results from the Winter 2011 helicopter-assisted drilling campaign at the Farrell-Taylor Occurrence include the following highlights:
-- 71.1 metres grading 65.2% Fe(2)O(3) and 19.7% TiO(2) (FT-10-25) -- 94.9 metres grading 56.9% Fe(2)O(3) and 16.9% TiO(2) (FT-10-25) -- 110.5 metres grading 44.4% Fe(2)O(3) and 13.1% TiO(2) (FT-10-29) -- 66.5 metres grading 56.2% Fe(2)O(3) and 17.2% TiO(2) (FT-10-21)
About the company
Nevado Resources Corporation engages in the exploration of mineral resource properties. The company was formerly known as Nevado Venture Capital Corporation and changed its name to Nevado Resources Corporation on August 27, 2010.
Last: 0.32Range: 0.74-0.14Market Cap: 15 million
International Northair Mines Intersects 51.45 Metres of 85.70 g/t Silver at La Cigarra, Mexico
International Northair Mines Ltd. (TSX VENTURE:INM)
is pleased to announce assay results from five diamond drill holes recently completed at its La Cigarra silver project, located in north central Mexico.
San Gregorio Zone Drill Highlights:
-- Hole CC-11-023 returning 51.45 metres of 85.7 g/t silver, includes 13.70 metres of 239.7 g/t silver; -- Hole CC-11-022 returning 21.30 metres of 61.3 g/t silver, includes 8.70 metres of 114.9 g/t silver.
Las Carolinas Zone Drill Highlights:
--Hole CC-11-021 returning 38.65 metres of 31.8 g/t silver, includes 5.60
metres of 84.7g/t silver;
--Hole CC-11-020 returning 50.90 metres of 34.7 g/t silver, includes 17.50
metres of 46.3 g/t silver;
--Hole CC-11-019-returning 51.65 metres of 25.0 g/t silver, includes 15.50
metres of 43.2 g/t silver.
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; 0.29Range: 1.00-0.05Market Cap: 20 million