AGORACOM Small Cap TV - December 5th - Highlights
posted on
Dec 05, 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 December 5th, 2011, and we’ve found 7 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.
Focus Metals Reports 43-101 Mineral Resource Calculation for its Lake Knife, Quebec, Graphite Property
Focus Metals Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC)
is pleased to report the results of the mineral resource estimate for its 100% owned Lake Knife Project near Fermont, Quebec.
The graphite mineral resource estimate was prepared by Edward Lyons, P.Geo. and Guy Saucier, Eng., independent Qualified Persons of Roche Ltd. ("Roche"). A Technical Report in compliance with National Instrument NI 43-101 will be filed on SEDAR within 45 days of this release. They have verified the information in this news release.
Mineral Resource Estimation
The new mineral resource estimate is based on the 105 drill holes (total 8,611 metres) drilled by Mazarin. Both the historical and modern data were used. Five zones were interpreted and modeled within the revised interpretation of the resource calculation. The block model was developed using GEMS software by Gemcom. Blocks are 5 metres long, 7 metres wide and 5 metres high. A cut-off of 5% Cgr (carbon as graphite) was used.
Category |
Tonnage |
Grade (%Cgr) |
Measured |
637,250 |
15.59 |
Indicated |
4,334,890 |
15.68 |
Total (M+I) |
4,972,140 |
15.67 |
Inferred |
3,000,225 |
15.58 |
About Focus Metals Inc. Focus Metals Inc. is an emerging mid-tier junior mining company, a technology solutions supplier and a business innovator. It is the owner of the highest-grade (15.7%) technology graphite resource in the world.
Last: 0.66Range: 1.78-0.25Market Cap: 55 million
Gold Reach Announces Significant New Cu-Au Discovery; Intersects 566 Metres of .51% Cu Eq
Gold Reach Resources Ltd. (TSX VENTURE:GRV)
confirms the discovery of a new mineralized zone, which is open at length, depth and width. The Ootsa Property is located adjacent to the producing Huckleberry Mine, in central British Columbia. The final four 2011 drill holes (97-100) are from the newly discovered West Seel Deposit and all four holes have intersected long intercepts of continuous Cu-Au-Mo-Ag mineralization. Significant results are summarized in the table below and a map showing the location of the 2011 drill holes at Seel is available on our website at www.goldreachresources.com.
Hole 99 was drilled toward the southwest at an angle of -55 degrees and tested the southern known extent of the West Seel Deposit. The hole intersected 543.9m grading 0.18% Cu, 0.12 g/t Au, 0.016% Mo and 3.2 g/t Ag (0.36% Cu Eq.) from 66m depth to the end of the hole at 623.9m including a higher grade zone containing 138m grading 0.26% Cu, 0.21 g/t Au, 0.028% Mo and 3.2 g/t Ag (0.54% Cu Eq.) near the bottom of the hole. Hole 100 was drilled toward the southwest at an angle of -66 degrees and is the deepest test of the West Seel Deposit to date. The hole intersected 566.7m grading 0.25% Cu, 0.17 g/t Au, 0.028% Mo and 3.4 g/t Ag (0.51% Cu Eq.) from 170m to the end of the hole at 736.7m. Hole 100 also intersected a higher grade zone returning 124m grading 0.27% Cu, 0.30 g/t Au, 0.051% Mo and 2.5 g/t Ag (0.71% Cu Eq.) from 548 to 672m depth.
About the company
Gold Reach Resources(TSX-V: GRV) is a Canadian-based mineral exploration and development company with two 100% owned properties located in British Columbia, Canada.
Last: 0.70Range: 0.97-0.41Market Cap: 14 million
Avion's Kofi C Zone Returns 7.52 g/t Au Over 40.8 Metres and 11.61 g/t Au Over 21.6 Metres, Mali, West Africa
New Zone Returns 4.6 g/t Au Over 12.0 Metres
Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF)
is pleased to announce the results from the final 94 drill holes totaling 13,936 metres completed over the Kofi Project in 2011. Drilling was focused in and proximal to the Kofi C zone which contains an historic National Instrument 43-101 ("NI 43-101") estimated indicated mineral resource of 873,000 tonnes grading 3.6 g/t Au totaling 99,000 ounces of gold and an inferred mineral resource of 913,000 tonnes at 3.7 g/t Au totaling 109,000 ounces gold (Roberts1, 2008, NI 43-101 compliant resource report, available under the SEDAR profile of AXMIN Inc.). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the mineral resources for the Kofi project in late Q4, 2011.
Significant results include the following:
Kofi C Zone
7.52 g/t Au over 40.8 metres
About the company
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure.
Last: 1.69Range: 2.57-1.26Market Cap: 744 million
Silver Bear Intersects 354 g/t Ag Over 3.4 Meters and 1090 g/t Ag Over 1 Meter
Silver Bear Resources Inc. (TSX:SBR)
is pleased to announce the first drill results of its 2011 diamond drilling program on the Mangazeisky Silver Property in Yakutia, Russia. As shown in Figure 1, the property hosts more than 100 silver occurrences in a major north-northwest trending mineralized structure that stretches along a 35 kilometre corridor. Drilling has confirmed management's belief in the potential to grow the current NI 43-101 compliant resource of 17.9 million ounces silver at 518 Ag/t of indicated mineralization and 30.5 million ounces silver at 562 Ag/t of inferred mineralization. The overall Mangazeisky property license covers 570 square kilometres. Figure 1 highlights that the area containing Silver Bear's NI 43-101 mineral resource estimate (Vertikalny) represents a very small land tenure in this total license area.
- Property Hosts Over 100 Silver Occurrences in Extremely Under Explored, Silver Rich Area - Regional Drilling Identifies New Potential Inferred Resource Within 35 Kilometre Mineralized Corridor
Highlights of the current drilling program include:
• |
1,090 g Ag/t over 1.0m in Hole V11-161 in the Northwest Zone, Vertikalny |
|
• |
354 g Ag/t over 3.4m including 589 g Ag/t over 1.4m in Hole V11-162C in the Central Zone, Vertikalny |
|
• |
493 g Ag/t over 0.5m in Hole V11-182 in the Central Zone, Vertikalny |
About the company
The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the Russian Federation. The Company's principal asset is its 100% owned Mangazeisky Project, located approximately 400 kilometres north of Yakutsk in the Republic of Sakha, Yakutia in the Russian Federation.
Last: 0.64Range: 1.40-0.42Market Cap: 28 million
Canaco Reports Additional Drill Results at Magambazi, Including 8.3 Metres at 8.84 Grams per Tonne Gold on the Western Lodes and 23.8 Metres at 2.8 Grams per Tonne at Magambazi North
Canaco Resources Inc. (TSX VENTURE:CAN)
is pleased to announce new assay results from diamond drilling at the Magambazi gold discovery. Drilling continues to infill and extend identified mineralized zones. A potential new zone of mineralization has been identified in the upper gneiss at the north end of Magambazi South (Central Gneiss Lode), and additional assays will be prioritized for this location.
New results from the Cave Lode, east of Magambazi Main Lode in hole MGZD307, intersected 13 metres grading 4.78 grams per tonne gold starting 30 metres below surface. A new infill intercept at Magambazi North in hole MGZD337, which returned 23.8 metres grading 2.8 grams per tonne, is a strong indication of continuity for this area of mineralization.
About Canaco
Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. Built on a foundation of experienced management, the Company is rapidly advancing the Handeni project in Tanzania and is well positioned to build shareholder value through discovery and resource development.
Last: 1.50Range: 6.45-1.15Market Cap: 299 million
Balmoral Intersects 12.93 g/t Gold Over 9.33 Metres from One of Four New Discoveries at Martiniere East
Balmoral Resources Ltd. (TSX VENTURE:BAR) –
Balmoral Resources Ltd. today reported drill results from 9 holes collared on the eastern portion of the Company's Martiniere Property, part of the Company's Detour Gold Trend Project in Central Quebec. The Martiniere gold system, which has now been traced for over 1,400 metres, hosts the high-grade Martiniere West Gold Zone and several additional new gold discoveries including four new zones identified by the current drill program in the Martiniere East area. A new map detailing the known extent of the Martiniere Gold System is available at www.balmoralresources.com.
--4 New Gold Bearing Zones Identified
--Martiniere East Zone Returns 9.43 g/t Gold over 7.19 Metres
--High Grade Gold-Silver Breccia - 76.40 g/t Gold, 1,390 g/t Silver
Intersected Over 0.50 Metres Adjacent to Martiniere VMS System
About Balmoral Resources Ltd.
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
Last: 0.93Range: 1.88-0.50 Market Cap: 61million
D&R TECHNOLOGY Awarded Contract Exceeding $1,200,000 From Johnson Controls
Ecoland International, Inc. (OTCBB:ECIT) – D&R TECHNOLOGY, a now wholly owned subsidiary of Ecoland International, Inc., one of North America's fastest growing applied-robotics companies, is pleased to announce they have been awarded a contract from Johnson Controls (NYSE:JCI) exceeding US $1,200,000 to be delivered over the next four months.
This newly awarded project signals the beginning of the second phase of the Johnson Controls' production relocation project, that D&R has participated and played an important role in for the last twelve months. Years of mutually beneficial relationship and over US $13,000,000 in awarded projects for previous five years positioned D&R as primary tube processing expert to Johnson Controls for this project.
About - D&R TECHNOLOGY
D&R TECHNOLOGY designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D&R TECHNOLOGY Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.
Last Trade: 0.3752 Week: 1.30 – 0.05Market Cap: 32.8 Million