AGORACOM Small Cap TV - September 15th - Highlights
posted on
Sep 15, 2011 09:40AM
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 September 15th, 2011, and we’ve found 6 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.
Argentex Drills 4.0 Meters of 8.64 g/t Au and 2,469.3 g/t Ag Within 17.0 Meters of 3.14 g/t Au and 761.1 g/t Ag at Pinguino
Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE: ATX)(OTCBB: AGXMF) is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in Santa Cruz province, Argentina. The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received analytical results from 14,951 meters of drilling from 168 holes, with approximately 18 % of holes remaining to be processed in the lab.
Highlights
4.0Meters of 8.64 g/t Au and 2,469.3 g/t Ag Within 17.0 Meters of 3.14 g/t Au and 761.1 g/t Ag at Pinguino
4.1
Argentex's 10,000-hectare advanced silver and gold exploration Pinguino project is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The Deseado Massif is an active region of mining with four precious metal mines currently in production, and includes multiple active advanced and early stage exploration projects.
Argentex Mining Corporation (TSXV: ATX; OTCBB: AGXMF) is a junior mineral resource company focusing on silver and gold discoveries in southern Argentina.
Last Trade: 0.83452 Week: 1.73 – 0.641Market Cap: 59.33 Million
Wildcat announces additional drill results including 19.8 metres of 420.6 g/t silver
Wildcat Silver Corporation (TSX: WS)
is pleased to announce the results for ten additional holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona. Results continue to indicate that mineralization remains open beyond the current drilling.
Highlights:
Drill hole HDS-184, located in an area of sparse drilling within the resource area, encountered two significant zones of silver/manganese mineralization. The lower zone intersected 19.8 metres of 420.6 g/t silver, 15.8% manganese, 2.8% zinc, 2.3% lead and 0.3% copper. The upper zone returned 27.4 metres of 289.0 g/t silver, 10.9% manganese, 4.1% zinc, 2.0% lead and 0.1% copper.
Drill hole HDS-174, which helps expand the Hermosa mineralization to the north and east, encountered four zones of silver mineralization. Of note, the two lower zones contained significant silver, manganese and base metals. They returned 23.9 metres of 127.3 g/t silver, 21.14% manganese, 2.88% zinc,1.02% lead and 0.06% copper and 3.0 metres of 379.0 g/t silver, 3.93% manganese, 5.35% zinc, 2.95% lead and 0.17% copper, respectively.
About Wildcat
Wildcat is a Canadian mineral exploration company focused on development of Hermosa, its 80% owned silver project located in Santa Cruz County, Arizona. The project currently has an indicated mineral resource of 6.0 million tonnes averaging 187.8 grams per tonne silver for a total of 36 million ounces of silver in addition to an inferred mineral resource of 46.3 million tonnes averaging 58.6 grams per tonne silver for a total of 85 million ounces of silver as announced on April 20, 2010. The Company's October 2010 updated preliminary economic assessment contemplates an 18 year mine life with expected annual production in excess of 6 million ounces of silver for the first full five years of production.
Last: 1.57Range: 3.16-0.35Market Cap: 199 million
Champion Minerals' Drillhole LM11-09 Intersects 359m Grading 30% Total Iron at the Moire Lake Project in Cluster 1 of the Fermont Holdings
CHAMPION MINERALS INC. (TSX: CHM)(FRANKFURT: P02)
is pleased to provide an update of drilling results from the Company's Moire Lake Project in Cluster 1 of the Fermont Holdings in north-eastern Quebec. The Moire Lake Project is strategically located adjacent to ArcelorMittal's operating Mont Wright Mine and Concentrator Complex and 8km south of existing rail transport infrastructure.
Drillhole LM11-09 intersected 358.9 metres ("m") grading 30.3% Total Iron ("FeT") on the southeast side of the historic Lac Moire Occurrence(1), confirming the continuity of the iron-rich Sokoman Formation around the southern fold closure. Drillhole LM11-10, located on the southwest side of the historic Lac Moire Occurrence intersected 249.5m grading 22.3% FeT including an interval of 130.7m grading 29.1% FeT. Results from hole LM11-10 successfully validate a historic intersection of 206.1m grading 24.1% FeT including an interval of 143.3m grading 34.1% FeT reported for drillhole QE61(2).
About Champion Minerals Inc.
Champion Minerals is an iron ore exploration and development company with offices in Montreal and Toronto, focused on developing its significant iron ore resources in the provinces of Quebec and Newfoundland & Labrador. The Company's projects include: the Fermont Holdings in Quebec, jointly held by Champion (82.5% interest) and Fancamp Exploration Ltd. (17.5% interest); and the Attikamagen Iron Property in Quebec and Labrador.
Last: 1.30Range: 3.30-0.87Market Cap: 113 million
Antioquia Gold Inc. Intersects 22.3 g/t Au Over 3.1m Including 135.6 g/t Au Over 0.5m and Extends the High Grade Gold Mineralization at Papi Vein Structure at Cisneros Project in Colombia
Antioquia Gold Inc. (TSX VENTURE: AGD)(OTCQX: AGDXF)
is pleased to announce that the Company has extended the high-grade gold mineralization at the Papi Vein Structure at its Cisneros Project, Colombia. Drill hole PAP11-007 intersected 22.25 g/t Au over 3.1 metres, including 34.31 g/t Au over 2.0m and also including 135.6 g/t Au over 0.5 metres.
This summer two (2) additional drill holes (PAP11-006 and PAP11-007, amounting to 442.3 m drilling) were drilled to test the up plunge extension of mineralization previously encountered in drill holes PAP11-001 through PAP11-005.The Papi Vein Structure is a north-east striking, steeply dipping vein structure that has now been confirmed over a strike length of 200 metres and remains open along strike and to depth. Refer to Figure 1 for location.
About Antioquia Gold Inc.
Antioquia has been exploring for precious metals in Colombia since 2007. The Company has a land package of close to 40,000 hectares located throughout Colombia. Antioquia's principal asset, which is being actively explored, is its 5,630 hectare Cisneros Project, located 55 kilometers northeast of Medellin in the Department of Antioquia, Colombia.
Last: 0.26Range: 0.48-0.18Market Cap: 26 million
Rare Earth Metals Extends the Lavergne-Springer REE Zone With 160 Meter Step Out Hole Intersecting 1.51% TREO Over 124.7 Meters
Rare Earth Metals Inc. (TSX VENTURE: RA)(PINK SHEETS: RAREF)(OTCQX: RAREF)
is pleased to report preliminary diamond drill sample results from the third drill hole on the West Lavergne REE Mineralized Zone at the Lavergne-Springer property. The property is located 8 km north of the Trans-Canada Highway, in Springer Township, immediately north of the Town of Sturgeon Falls and 80 km east of Sudbury, Ontario.
The results from DDH SL-11-03 include a best intersection of 1.51% TREO over 124.7 meters within a larger zone of mineralization which assayed 1.43% TREO over 157.5 meters. Included in the 124.7 meter intersection are higher grade zones of mineralization with values of 1.65% TREO over 90.2 meters and 2.00% over 10.5 meters. The HREO/TREO ratio from the 157.7 meter zone is 3.1%. The REE mineralization is enriched with Cerium, Lanthanum and Neodymium.
About Rare Earth Metals Inc.
Rare Earth Metals is a well-funded company with a focus on exploring for Rare Earth Element deposits. The Company's shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, both exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project.
Last: 0.32Range: 0.51-0.18Market Cap: 26.3 million
Gold Canyon Intercepts 308 Meters at 1.29 Grams Per Tonne Gold Including 216 Meters at 1.71 Grams Per Tonne Gold At Springpole Gold Project
Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF)
is pleased to announce that hole SP11-070 intersected 308 meters at 1.29 grams per tonne gold (1010 feet at 0.038 oz per ton gold) including 216 meters at 1.71 grams per tonne gold (708 feet at 0.050 oz per ton) at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. The intercept encountered in this hole affirms that the Portage Zone dips northeast at approximately -70 degrees and remains open at depth.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.
Last: 3.05Range: 4.22-0.57Market Cap: 289 million