AGORACOM Small Cap TV - October 12th - Highlights
posted on
Oct 12, 2011 09:47AM
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 12th, 2011, and we’ve found 4 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.
Minefinders Announces Third Quarter 2011 Production and Sales Results
Minefinders Corporation Ltd. (TSX: MFL)(NYSE Amex: MFN)
is today reporting its production and sales results for the quarter ended September 30, 2011. Full financial and operating results for the quarter will be released after market close on Monday, November 7, 2011.
Third Quarter 2011 Production and Sales Results
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Three months ended Nine months ended
September 30September 30
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2011201020112010
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Gold ounces produced16,2787,44753,66140,008
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Silver ounces produced692,121184,887 2,653,620707,120
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Gold ounces sold15,9458,07053,70841,827
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Silver ounces sold693,532202,8002,665,024729,597
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Gold-equivalent ounces
sold(1)32,22211,170118,49853,076
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Sales proceeds
(millions)$ 53.8$13.6$179.2$61.6
About Minefinders
Minefinders is a precious metals mining and exploration company and operates the multi-million ounce Dolores gold and silver mine in Mexico. For more information, please visit our website at www.minefinders.com.
Last: 15.21Range: 18.90-8.57Market Cap: 1.2 million
Positive Results From Phase I Drilling and Start of Phase II Drilling at Miranda's Red Canyon Project
Miranda Gold Corp. (TSX - VX: MAD),
is pleased to announce that its exploration funding partner at Red Canyon, Montezuma Mines Inc. ("Montezuma"), a wholly owned subsidiary of CMQ Resources Inc. (TSX-V:NV), reports completion and receipt of all gold analyses from its Phase I drilling in the Ice target area and commencement of its Phase II drilling. The highest-grade interval from the Phase I drilling is 5 ft (1.5 m) of 0.286 oz Au/ton (9.81g Au/t) which occurs within the 20 ft (6.1 m) interval in hole MR11-01.
About the company
Miranda Gold Corp. is a gold exploration company active in Nevada, Alaska and Colombia and whose emphasis is on generating gold exploration projects with world-class discovery potential. Miranda performs its own grass-roots exploration and then employs a joint venture business model on its projects in order to maximize exposure to discovery while minimizing exploration risk. Miranda has ongoing partnerships with Agnico-Eagle (USA) Inc., Montezuma Mines Inc., Navaho Gold Ltd., NuLegacy Gold Corporation, Ramelius Resources Ltd., and Red Eagle Mining Corporation.
Last: 0.40Range: 0.81-0.35Market Cap: 20.4 million
SilverCrest Reports Increased Santa Elena Production in Q3, Silver Production up 43% to 106,636 ounces, Gold Production up 61% to 8,805 ounces
SilverCrest Mines Inc. (TSX VENTURE:SVL)(OTCQX:STVZF)
is pleased to announce continued growth of silver and gold production in the Third Quarter, 2011 from the Santa Elena Mine located in Sonora, Mexico. Silver production was up 43% to 106,636 ounces and gold production was up 61% to 8,805 ounces compared to the Second Quarter, 2011.
The mine is expected to produce over 400,000 ounces of silver and 26,000 ounce of gold in 2011, after declaring commercial production on April 1 of this year. The first full year of production will be 2012 and the mine is expected to produce 478,000 ounces of silver and 32,000 ounces of gold. From 2013 through 2016, silver production is expected to average approximately 921,000 ounces per year and gold production is expected to average approximately 29,000 ounces per year.
About the company
SilverCrest Mines Inc. (TSX VENTURE:SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine.
Last: 1.38Range: 2.20-1.07Market Cap: 119 million
Alix Drills Significant Intervals of 256 Meters of 1.50 g/T and 93 Meters of 1.39 g/T Gold at the Golden Zone Breccia Pipe Deposit, Alaska
ALIX RESOURCES CORP.(TSX VENTURE:AIX)(FRANKFURT:37N)
is pleased to announce results from 2011 drilling at the Golden Zone Breccia Pipe deposit at the company's gold-silver-copper property in the Valdez Creek Mining District in south-central Alaska.
Two HQ diamond drill holes were drilled in 2011 at the Breccia Pipe deposit at the 10,000 hectare (24,500-acre) property. Drill Hole GZBX11-003 intercepted 256.0 meters (840 feet) from the surface to a depth of 256.0 meters grading 1.50 g/T Au, 12.15 g/T Ag and 0.11% Cu. Drill Hole GZBX11-004 encountered 92.9 meters (305 feet) from depths of 105.2 to 198.1 meters grading 1.39 g/T Au, 6.15 g/T Ag and 0.06% Cu. The table below includes these data from these two sections and also composites of higher grade intercepts within them.
About the company
Alix Resources Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all its stakeholders. For further information we invite you to visit us at www.alixresources.com.
Last: 0.12Range: 0.29-0.10Market Cap: 3.2 million