AGORACOM Small Cap TV - October 25th - Highlights
posted on
Oct 25, 2011 10:29AM
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 25th, 2011, and we’ve found 6 great press release 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.
Donner Metals Ltd.: Bracemac-McLeod Mine Development Tracking On Budget and On Schedule
Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M),
reports on the progress of development activities at the Bracemac-McLeod mine and results from the ongoing regional exploration program as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division ("Xstrata Zinc"). The Bracemac-McLeod ramp is currently advancing through 2,070 metres and most of the surface infrastructure (roads, power, and support facilities) is now complete. Regional exploration drilling within the 4,737 square kilometre Matagami property which surrounds the Bracemac-McLeod mine has resulted in the discovery of massive sulphides in the Garon Lake area and an extensive VMS alteration system in the Bell Channel area. In addition, drilling has discovered the occurrence of shallow stratigraphy that potentially extends the prolific South Flank mine stratigraphy 14 kilometres to the west of the Bracemac-McLeod deposit which is currently being developed for production in early 2013.
Bracemac-McLeod Development Update
The Bracemac-McLeod ramp is currently passing 2,070 metres and is progressing extremely well with an average advancement rate of 5.7 metres per day (6.45 metres per day since May, 2011) compared to 4.5 metres per day estimated in the feasibility study. Multiple face development of the Bracemac zones and the construction of ventilation raises will commence when the ramp reaches 2,300 metres. Ramping will also continue to the McLeod zone. Construction of access and haulage roads, mine support infrastructure and electrical supply has been mostly completed. Xstrata Zinc has realized a number of efficiencies to date to ensure the project remains within budget and they continue to target other areas of the project to realize further timing and cost efficiencies. Initial production from the mine is scheduled to start in early 2013.
About the company
The Company's strategy is to explore for and develop zinc-copper deposits in the Matagami Camp and to leverage the general infrastructure and existing processing facilities within a known and well-established cost structure for developing VMS deposits. Donner's exploration objective is to investigate multiple stratigraphic horizons with potential for VMS mineralization including the prolific Key Tuffite horizon throughout the Matagami Camp. To date, the joint venture partners have discovered new mineralization at Bracemac-McLeod, Daniel1, Garon Lake, Bell Channel, McLeod Deep and down-dip from Radiore. Within the extensive project area there are numerous exploration targets with excellent potential for additional discoveries.
Last: 0.20Range: 0.37-0.165Market Cap: 24.6 million
Liberty Mines Intersects 11.70 Meters Grading 2.10% Nickel, 2.03% Copper and 0.57 G/t Gold on its Groves Project
today announced initial results from its Groves drill program and provided an update on its exploration activities at its Hart Deposit and Croxall Project.
"A key component of our turn-around strategy, as announced in our press release on October 4th, is to conduct focused exploration and drilling programs that will extend the life of our operations and grow our resource size," said Chris Stewart, President and CEO of Liberty Mines Inc."We are very encouraged by the land package that we have assembled in the Shaw Dome Nickel Belt and surrounding area, and by our preliminary drill results to date."
Highlights of Groves drill program:
Drill holes GR-11-01 through to GR-11-06 were designed to better assess and improve upon earlier interpretations of the deposit to more accurately assess the merits of the project.
Drill hole GR-11-05, drilled at a low angle subject to the initial interpretation which intersected 11.70 meters grading 2.10% nickel, 2.03% copper and 0.57 gpt gold from 22.30 meters to 34.0 meters drilled width. The interval occurred within a broader width of 15.50 meters grading 1.69% nickel, 1.66% copper and 0.73 gpt gold from 19.8 to 35.3 meters drilled width.
Within the past six months a 10.5 km access road was built to the site and a program of ground geophysics consisting of IP, magnetometer and mise-a-la-masse was performed on the historic drill holes. Drilling was then designed to test the geophysical targets in proximity to the Groves deposit in addition to testing the extent of mineralization.
About Liberty Mines Inc.
Liberty Mines Inc. is a mid-tier producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada. It owns and operates the only nickel concentrator in the Shaw Dome, a prospective nickel belt region near Timmins, Ontario. With a new management team in place, Liberty is focused on growth initiatives not only through a more aggressive exploration program on its current properties but also through potential acquisition or partnership opportunities beyond its core Timmins area projects.
Last: 0.15Range: 0.22-0.065Market Cap: 30.9 million
Salazar Intersects New Massive Sulphide Lens in Curipamba With 13.60 Meters of 11.03 g/t Gold, 379.60 g/t Silver, 3.45% Copper, 25.20% Zinc and 1.58% Lead
Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG)
is pleased to report new assays from the ongoing diamond drilling program on its 100% owned (30,327 ha) Curipamba volcanogenic massive sulphide project in Ecuador.
Hole CURI-123 intersected 13.60 meters of 3.45% copper, 25.20% zinc, 11.03 g/t gold and 379.60 g/t silver in a new massive sulphide lens in the precious metals rich El Domo deposit (Figure 1;Table 1; Table 2). This massive sulphide intersection is interpreted to represent a new facies of the El Domo deposit. This hole is located 70 meters South to the anomaly El Roble 1 fault, that reports 3.6 meters at an average of 15.12 g/t gold, 258 g/t silver; 0.56% copper, 3.25% lead and 5.25% zinc (ref. News Release of October 18, 2007).
About Salazar Resources: Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador. Being based in Ecuador", thus having thorough knowledge of local human and environmental issues, gives the company a strategic advantage, enabling it to complete exploration at a rapid pace.
Last: 0.50Range: 1.60-0.365Market Cap: 19.9 million
Northern Tiger Resources Reports Additional Assay Results at 3Ace Property, Yukon Intersects 4.61 g/t Over 35.0 Metres, Including 106.21 g/t Over 1.0 Metre
Northern Tiger Resources Inc. (TSX VENTURE:NTR)
is pleased to announce that assays have now been received for an additional four diamond drill holes from the Main Zone at the 3Ace Property in the southeast Yukon. With the onset of winter conditions, the 2011 drill campaign is now winding up with 29 holes completed to depth. Assays are pending for 21 of the holes.
Key results from the four holes being reported include:
3A-11-15a – 2.51 g/t gold over 27.2 metres, including 6.80 g/t gold over 9.0 metres
3A-11-16 – 4.61 g/t over 35.0 metres, including 106.21 g/t over 1.0 metres
About the company
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. The company has a portfolio of gold and copper focused projects in the Yukon, including 3Ace (high-grade gold discovery made in 2010), Sprogge, Sonora Gulch and five properties prospective for Minto-style high-grade copper mineralization. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
Last: 0.21Range: 0.84-0.155Market Cap: 20.7 million
MAX drills 44.2 m of 71.0 g/t (2.28 oz/t) Silver and 1.14% Copper at Majuba Hill, Nevada
MAX Resource Corp. (TSXV: MXR) (OTCBB: MXROF) (Frankfurt: M1D)
has received the assay results from the final four holes of an eight hole core drilling program recently completed at its Majuba Hill copper/silver project in Nevada.Highlights of this drilling include:
- 44.2 metres (m) of 71.0 grams per tonne (g/t) (2.28 oz/t) Ag and 1.14% Cu in hole MM-06;
- 50.3 m of 50.8 g/t (1.63 oz/t) Ag, 0.31 g/t gold and 0.31% Cu in hole MM-07; and
- 45.7 m of 15.4 g/t (0.50 oz/t) Ag and 0.56% Cu in hole MM-02
About MAX Resource Corp.
MAX Resource Corp. is a Canadian exploration company focused on gold and silver exploration in Nevada. For more information, please visit our web site at www.maxresource.com.
Last: 0.21Range: 0.53-0.15Market Cap: 4.5 million
Kivalliq Energy Corporation: Additional High Grade Assays Received From Western Extension Drilling
Kivalliq Energy Corporation (TSX VENTURE:KIV)
today provided assay results from diamond drilling at the Western Extension, located 450 metres along strike and west of the high grade Lac Cinquante uranium deposit. Assay results disclosed in this release are from 30 of the 54 holes drilled in total at the Western Extension, located within the 225,000 acre Angilak Property in Nunavut, Canada.
Highlights disclosed herein include:
2.02% U3O8, 26.9 g/t Ag, 0.65% Cu, over 2.0 metres in 11-LC-060
1.89% U3O8, 19.5 g/t Ag, 0.35% Cu, over 1.7 metres in 11-LC-057
1.87% U3O8, 39.9 g/t Ag, 0.80% Cu, over 1.2 metres in 11-LC-043
1.53% U3O8, 70.3 g/t Ag, 1.62% Cu, 0.17% Mo over 1.2 metres in 11-LC-083
1.10% U3O8, 72.0 g/t Ag, 1.22% Cu, 0.30% Mo over 1.2 metres in 11-LC-054
About Kivalliq Energy Corporation
Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut.
Last: 0.25Range; 0.92-0.20Market Cap: 30.6 million