AGORACOM Small Cap TV - September 16th - Highlights
posted on
Sep 16, 2011 09:30AM
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 16th, 2011, and we’ve found 2 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.
Batero Gold Drills Vertical Hole Intersecting 751.00 Metres Grading 0.54 g/t Gold and 0.13% Copper From 5.00 Metres Below Surface
Batero Gold Corp. (TSX VENTURE: BAT)
is pleased to report the deepest mineralized intercept to date from a 928.44 metre vertical drill hole at the company's 100-per-cent-owned Batero-Quinchia project in Risaralda, Colombia. The Company has now reported results for 48 holes (23,000.50 metres) drilled of a 55,000 metre drill program. Approximately 48,000 metres have been completed to date.
Drill hole LC014, was drilled vertically at La Cumbre porphyry and intersected substantial gold and copper mineralization increasing the vertical extension of the porphyry's mineralization significantly; including a newly discovered higher grade zone of mineralization encountered at depth comprising 0.96 g/t gold and 0.14% copper over 121.89 metres starting at 310.93 metres. This new zone will be followed up with future drill programs to test and delineate the elevated grade mineralization at depth.
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HoleFrom (m)To (m)Length (m) Au (g/t)Cu (%)
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LC-0145.00756.00751.000.540.13
About Batero Gold:
Batero Gold Corp. (TSX VENTURE: BAT) is a well-capitalized Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement.
Last: 3.25Range: 6.57-1.65Market Cap: 160 million
Galway intersects 14.0m of 21.6 g/t Au and 475.7 g/t Ag and 8.0m of 43.4 g/t Au, bridging the gap from Pie de Gallo to San Celestino
Galway Resources Ltd. (TSXV: GWY)
is pleased to announce assay results from holes GWY-117 to GWY-120 from the Company's ongoing diamond drill exploration program at its California gold-silver property in Colombia. This property is located adjacent to, and on strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway's property is also at the lowest elevation among the major deposits identified along the California gold trend. Galway also owns a 360 meter-long fractional land position that appears to be directly within AUX's La Mascota mineralized structure. Galway has three diamond drill rigs operating in California, and an additional two diamond drill rigs operating in Vetas at the high-grade El Volcan gold-silver mine. El Volcan is located 8 km southeast of California and is the largest gold producer in the region.
Highlights from recent drill results at California are as follows:
GWY-117
--14.0 meters grading 21.6 grams per tonne gold (g/t Au), 475.7
g/t silver (Ag), 2.5% zinc (Zn) and 0.24% copper (Cu),
including 1.0 meter of 177.5 g/t Au, 3150.0 g/t Ag, 14.3% Zn
and 0.97% Cu, 1.0 meter of 62.9 g/t Au and 109.0 g/t Ag, and
1.0 meter of 27.5 g/t Au, 2120.0 g/t Ag, 11.0% Zn and 1.29% Cu
--1.0 meter grading 24.9 g/t Au
About The Company
Galway Resources is a well-capitalized company, primarily focused on the exploration of gold and coal in Colombia. The core focus of the Company is gold exploration in northeast Colombia, with drill programs occurring at the California and Vetas gold projects. The Company also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. A positive scoping study was completed by SRK in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted management to reassess strategic alternatives to advance the Victorio project.
Last: 1.39Range; 1.53-0.71Market Cap: 160 million