AGORACOM Small Cap TV - October 4th - Highlights
posted on
Oct 04, 2011 07:58AM
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 October 4th, 2011, and we’ve found 3 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.
Mercator Minerals Reports 2011 Third Quarter Production ResultsMercator Minerals Ltd ML 10/4/2011 7:00:14 AMProduction of 10.5 Million Pounds of Copper and 2.0 Million Pounds of Molybdenum
Mercator Minerals Ltd. (TSX:ML)
is pleased to announce its production results for the three months ended September 30, 2011 from its wholly-owned Mineral Park Mine in Arizona. Production for the quarter totalled 10.5 million pounds of copper, 2.0 million pounds of molybdenum and 178,000 ounces of silver.
During the month of September, the Mineral Park Mine produced nearly 3.9 million pounds of copper, a record 0.7 million pounds of molybdenum, and 68,000 ounces of silver.
Operational Highlights for the three months ended September 30, 2011
--Mill throughput averaged 36,151 tons per day for the quarter;--Total copper production of 10,460,357 pounds (9,342,884 pounds of copperconcentrates and 1,117,473 pounds of copper cathode);--Production of 1,976,570 pounds of molybdenum contained in concentrates;--By-product production of 178,164 ounces of silver in concentrates.Operational Highlights since Phase II started August 18th for the 44 day period ended September 30, 2011
--Mill throughput averaged 45,425 tons per day;--Record mill throughput of 61,006 tons in a 24 hour period achieved;--Mill throughput averaged 53,616 tons per day for one seven day period;--Recoveries of copper and molybdenum have increased 7.3% and 3.2%,respectively to average 80.0% for copper and 77.8% for molybdenum.
About Mercator Minerals Ltd.
Mercator Minerals Ltd., a TSX listed Canadian mining company, with one of the fastest growing base metal profiles in its peer group, is a leading copper and molybdenum producer with a diversified portfolio of high quality operations and projects in the USA and Mexico. Mercator provides investors exposure to current copper and molybdenum production from the large tonnage long life Mineral Park Mine in Arizona, as well as mid-term exposure to additional copper and moly production through the development of the El Pilar and El Creston deposits in northern Mexico.
Last: 1.34Range: 4.90-1.32Market Cap: 330milliion
Zincore Intersects Good Copper and Molybdenum Mineralization at Dolores Porphyry Project, Including 0.49% Cu Eq(i) Over 72.4 Metres
Zincore Metals Inc. (TSX: ZNC)(BVLAC: ZNC)
is pleased to report assay results from eight drill holes at the Company's 100%-owned, Dolores copper-molybdenum porphyry property located in the prolific Yauri-Andahuaylas Copper District in southern Peru.
Highlights include: 0.32% Cu Eq(i) over 144.4 metres, including 0.49% Cu Eq(i) over 72.4 metres in hole DOL-9; 0.29% Cu Eq(i) over 116 metres in hole DOL-10; and 0.20% Cu Eq(i) over 33.7 metres in hole DOL-7. To view a complete list of Dolores drill results, please see Table 1 below.
Zincore CEO and President, Jorge Benavides, commented, "This first drill program at Dolores has intersected excellent copper and molybdenum mineralization in six of the ten holes drilled, including very good grades and widths in holes DOL-2, 9, and 10(ii). We also intersected favourable copper and molybdenum mineralization in holes DOL-6, 7 and 8. (Hole DOL-7 was abandoned in the altered and mineralized porphyry with anomalous values of copper and molybdenum when the drill hole intersected an aquifer). We believe that the relative proximity and similarity of mineralization in these six holes is strong evidence of a large porphyry system focused south of the currently drilled area. We are encouraged by this prospect given the scope (Holes DOL-6 and 9 are about one and a half kilometres apart with holes DOL-2, 7, 8 and 10 lying in between) and the fact that this area remains largely open and unexplored."
About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. The Company's common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC.
Last: 0.29Range:0.90-0.24Market Cap: 47.6 million
Arcus Makes New VMS Discovery in Yukon White Gold District Drills 14.15 Metres of 1.44% Cu, 16.5 g/t Ag and 0.77 g/t Au
Arcus Development Group Inc. (TSX VENTURE: ADG)
is pleased to announce the discovery of the first significant volcanogenic massive sulphide (VMS) system in the White Gold District of north central Yukon at its Touleary property. 2011 diamond drilling targeted a 300 by 100 m area within a 1,200 m long zone of coincident geophysical and intermittent gold-in-soil geochemical anomalies. Highlights from the five hole (935 m) drill program include:
-- High-grade copper-silver-gold-zinc mineralization grading up to 7.18% Cu, 116 g/t Ag, 3.55 g/t Au and 4.30% Zn across 2.25 m; -- Near surface intersections starting at 64.21 m; -- Excellent lateral continuity within the initial 300 m area drill tested; and -- Onsite road access.
Results for the five Touleary drill holes are shown below:
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FromToIntervalCuAgAuZn
Hole #(m)(m)(m)(i)(%)(g/t)(g/t)(%)
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TL-11-05115.62117.872.257.181163.554.30
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24.50138.6514.151.4416.50.770.29
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including128.25134.926.671.9927.31.220.58
About the company
Arcus was established in June 2006 by a group of mineral industry veterans, and a select group of investors with records of entrepreneurial success in a variety of business ventures. The company goal is to provide significant shareholder returns through the acquisition of interests in advanced early stage mineral exploration projects.
Last: 0.11Range: 0.46-0.11Market Cap: 4 million