AGORACOM Small Cap TV - November 8th - Highlights
posted on
Nov 08, 2011 09:36AM
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 November 8th, 2011, and we’ve found 8 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.
McLaren Options Exploration Property Adjacent to Hollinger and McIntyre Mines Timmins, Ontario, Canada
McLaren Resources Inc. ("McLaren" or the "Company") (CNSX:MCL)(FRANKFURT:3ML)
is pleased to announce it has signed a binding Letter of Intent with Timginn Exploration Limited to earn a 60 percent interest in a past producing gold property located in the heart of the Timmins Gold Camp and adjacent to Goldcorp's Hollinger and McIntyre mines which have combined production of over 30 million ounces of gold to date. The property contains the favorable gold mineralized horizon which was a source of production at both the Hollinger and McIntyre mines. Exploration drilling will initially focus on targets between surface and 300 metres deep on the favorable gold mineralized horizon that trends along portions of the property. Drilling is planned to commence in 30 days.
Key Terms of Property Option Agreement
McLaren can earn a 50 percent interest in the property by incurring $2 million dollars of exploration expenditure by April 30, 2015 and then McLaren can earn an additional 10 percent interest by incurring an additional $2 million in exploration expenditure by April 30, 2016 to earn a total 60 percent interest for $4 million in total expenditure. See additional details of the terms in this news release.
About McLaren Resources
In addition to this announcement of the newly optioned property in the heart of the Timmins Gold Camp, Mclaren operates and owns a 50 percent interest in the former gold producing Blue Quartz mine property (see news release of April 21, 2011) located in the gold producing district 70 km east of the city of Timmins, and is surrounded by several current and past gold producing mines. The property consists of 25 patented mining claims, covering 400 hectares (4 square kilometers) of Early Precambrian Geology, situated on gold mineralized geological structures within the Abitibi Greenstone Belt.
Last: 0.15Range: 0.42-0.04Market Cap: 3.1 million
Logan Intercepts 43% Iron Over 49 Metres at Redford
Logan Resources Ltd. (TSX VENTURE:LGR)
is pleased to announce additional assay results from the ongoing drill program on the Redford Iron Ore Property located on Vancouver Island, British Columbia. Ridgemont Iron Ore Corp. (TSX VENTURE:RDG) ("Ridgemont") is the operator of the Project and has an option to acquire up to 75% interest in the Project. To date, Ridgemont has completed and received assay results for 43 diamond drill holes, totalling 7,570 metres. Highlights from these most recent assay results include:
Drill Hole |
From |
To |
Interval |
Magnetite |
RD11-34 |
63.0 |
112.0 |
49.0 |
43.4 |
About Logan
Logan Resources Ltd. is a Canadian mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.
Last: 0.13Range: 0.54-0.12Market Cap: 2.7 million
Yorbeau Intersects 7.02 g/t Au Over 8.0 Metres at theCinderella Target in the Rouyn Property
Yorbeau Resources Inc. ("Yorbeau"')(TSX:YRB.A)
is pleased to report significant results from drilling the Cinderella target on its Rouyn property.
Drill hole 11-CI-562 cut an 8.0 metre long interval assaying 7.02 g/t Au (uncut). The mineralized zone consists of abundant quartz-carbonate veining, brown tourmaline and sulphides; it also contains visible gold in three distinct areas within the interval. The location of the hole is shown on the attached figure: and assay details are shown below:http://media3.marketwire.com/docs/Longitudinal-Nov-8-2011.pdf
Drill Hole |
From (m) |
To (m) |
Core |
Au g/t |
Host Rock Unit |
11-CI-562 |
525.0 |
533.0 |
8.0 |
7.02 |
Piché Group, with traces of visible gold |
incl. |
|||||
528.0 |
529.0 |
1.0 |
54.6 |
Piché Group, with traces of visible gold |
About Yorbeau Resources Inc.
The raison d'être of Yorbeau is to identify a world class gold deposit in a major mining camp. Against the backdrop of a market that is steadily more welcoming for gold, Yorbeau is poised to significantly increase the known gold resources on its properties in Northern Quebec.
Last: 0.19Range: 0.39-0.14Market Cap: 31.1 million
Beacon Enterprise Solutions Signs Additional $730,000 Implementation Contract with Fortune 50 Client
Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions, today announces the signing of a new contract with an existing Fortune 50 pharmaceutical client to implement a previously awarded project in which Beacon performed design, assessment and engineering work at the clients facilities throughout the world over the summer.
Since June 23, 2011, Beacon has announced three different contracts with the same Fortune 50 pharmaceutical client totaling $2,730,000. This new contract award for $730,000 brings the total contract amount to almost $3.5 million in the past 5 months from the same client. New Contract Award Expands Scope of Work for Beacon -- -- Beacon Awarded Over $10 Million in New Contracts Since June 2011.
About Beacon Enterprise Solutions Group, Inc.
Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management.
Last Trade: 0.2852 Week: 0.14 – 0.70Market Cap: 10.49 Million
Voyager Oil & Gas, Inc. (AMEX:VOG), announces record oil and gas production, revenue and adjusted EBITDA for the third quarter ended September 30, 2011. During the quarter ended September 30, 2011, Voyager reported revenues of $2,872,674, which represents an increase of 72% from $1,666,535 in the second quarter ending June 30, 2011 and an increase of 983% from $265,229 in the quarter ended September 30, 2010. This increase in revenue is due primarily to production from 46 gross (1.66 net) producing Bakken and Three Forks wells as of September 30, 2011, compared to 24 gross (1.13 net) and 3 gross (0.16 net) producing wells in the same plays as of June 30, 2011 and September 30, 2010, respectively.
Third Quarter 2011 Highlights
About Voyager Oil & Gas
Voyager Oil & Gas, Inc. is an exploration and production company based in Billings, Montana. Voyager's primary focus is oil shale resource prospects in the continental United States. Voyager currently controls approximately 143,000 net acres in North Dakota and Montana.
Last T rade: 2.7952 Week: 1.57 – 7.54Market Cap: 161.40 Million