AGORACOM Small Cap TV - April 11th - Highlights
posted on
Apr 11, 2012 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 April 11th, 2012, and we’ve found 8 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 ... or click on the image below.
Golden Hope drills massive sulphides at Champagne including 11.74 metres of 1.23 g/t gold and 8.16 metres of 1.15 g/t gold.
Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF)
is pleased to announce drill results from the Champagne Deposit in the Appalachian Fold Belt of Southeastern Quebec. The shallow drilling intersected massive sulphides. Highlights include 11.74 metres of 1.23 g/t Au and 8.16 metres of 1.15 g/t Au with associated base metal values. Results for drill holes CD2011-06 to CD2011-09 are presented in the Table below.
Hole |
From |
To |
Length |
Cu |
Zn |
Pb |
Ag |
Au |
|
(m) |
(m) |
(m) |
(%) |
(%) |
(%) |
(g/t) |
(g/t) |
CD2011-06 |
39.16 |
50.90 |
11.74 |
0.22 |
1.60 |
0.23 |
11.71 |
1.23 |
including |
39.16 |
45.03 |
5.87 |
0.27 |
1.39 |
0.20 |
5.60 |
1.28 |
including |
47.10 |
50.90 |
3.80 |
0.26 |
2.77 |
0.38 |
27.52 |
1.79 |
About Golden Hope Mines Limited:
Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is in southeastern Quebec, Canada. The company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt an approximately 18 kilometre long mineralized area.
Last: 0.24Range: 0.325-0.10Market Cap: 31.5 million
Timmins Gold Reports Record Gold Production of 21,532 Ounces of Gold and Record Gold Recovery Ratio of 69% During Q1 2012
Timmins Gold Corp. (TSX:TMM)(NYSE Amex:TGD)
reports record gold production of 21,532 gold ounces and a gold recovery ratio of 69% for its Q1 2012 fiscal quarter ended March 31. The recovery ratio is defined as the ratio of gold ounces produced divided by the number of contained gold ounces stacked over a specific period. Timmins Gold also produced 11,740 ounces of silver during the quarter.
The increased production was achieved despite approximately four days of downtime associated with the completion of the first part of a three stage capacity improvement program. The first stage was the replacement in March of an existing tertiary crusher for a higher capacity unit as well as improvements in blasting process at the pit. Also, the addition of increased pumping capacity has allowed a higher rate of solutions flow to the leach pads to fully leach the newly stacked ore. These improvements are projected to be reflected in Q2 2012 when higher gold and silver production is expected.
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp. is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is an open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year. (Micon International NI 43-101F1 Technical Report dated November, 2011).
Last: 2.14Range: 3.45-1.74Market Cap: 303 million
Synergy Resources Corporation Reports Second Quarter And Six Month Results
Synergy Resources Corporation (NYSE Amex: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today reported its second quarter and six-month results for the period ended February 29, 2012. Net oil and natural gas production for the second quarter 2012 increased to 1,091 barrels of oil equivalent per day (Boe/d) compared to 386 Boe/d for the second quarter 2011.
Second Quarter and Six-Month 2012 Highlights
Reported record net income for the second quarter and six-month period of $6,118,805 and $7,745,881 respectively;
Posted second quarter 2012 revenues of $6,218,975 compared to $2,033,687 for the three months ended February 28, 2011, a 206% increase
For the six months, adjusted EBITDA, a non-GAAP measure, was $7,260,267, representing a 68% return on revenue;
Acquired an additional 8,875 acres in the D-J Basin which brings Synergy's acreage position to 204,937 gross acres and 176,601 net acres under lease;
About Synergy Resources Corporation
Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy's core area of operations is in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska. The Wattenberg field in the D-J Basin ranks as the 7th largest field in the U.S. in terms of proved gas reserves and 9th in production. Synergy's corporate offices are located in Platteville, Colorado.
Last Trade: 3.15 52 wEEK: 4.75 – 2.20 Market Cap: 161.12 Million
Midway Reports $11 Million Budgeted for Spring Valley, Nevada in 2012
Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) reports a summary of 2011 work at Spring Valley, Nevada based upon information provided to Midway by Barrick Gold Exploration Inc. Barrick is earning into the project and in 2011 spent $7.6 million (unaudited). Barrick’s total expenditure through the end of 2011 of approximately $17.7 million exceeds the cumulative $16 million expenditure required. In 2011, Barrick completed 4,682 meters in 14 core holes and 14,458 meters in 32 reverse circulation (RC) holes and 10 core pre-collars. Assay results received during the last quarter of 2011 are listed in the table below. These include metallic screen (MS) re-assays of some previously reported holes. Higher grade intercepts include:
21.3 meters of 4.73 grams per tonne (gpt) including 1.5 meters of 62.71 gpt in SV11-538C
6.1 meters of 6.86 gpt including 3.0 meters of 13.51 gpt in SV11-521
6.1 meters of 4.97 gpt including 1.5 meters of 18.89 gpt in SV11-530
1.5 meters of 22.11 gpt in SV11-544
9.8 meters of 2.13 gpt in SV11-537C
Drilling continues with two rigs operating on the property to further advance the project.
Spring Valley is a large, porphyry-hosted gold system. A May, 2011 updated resource estimate by Midway reported 2.16 million ounces of gold in the combined Measured and Indicated categories at a cut-off grade of 0.14 gpt. There is an additional Inferred resource of 1.97 million ounces of gold at the same cut-off grade. The Measured resource is 0.93 million ounces contained within 59.0 million tonnes grading 0.49 gpt, the Indicated resource is 1.23 million ounces contained within 85.8 million tonnes grading 0.45 gpt, and the Inferred resource is contained within 103.9 million tonnes grading 0.59 gpt.
Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).
Last Trade: 1.34 52 Week: 3.0305 – 1.32 Market Cap: 152.79 Million
Loncor Resources Reports Further High Grade Intersections at Its Makapela Prospect in DRC, Including 4.28 Metres Grading 32.64 g/t Au
Loncor Resources Inc. (the "Company" or "Loncor") (TSX VENTURE:LN)(NYSE Amex:LON)
is pleased to announce further encouraging drilling results at the Company's Makapela prospect, Ngayu Gold Project, northeastern Democratic Republic of the Congo (the "DRC").
- In addition to the 4.28 metres grading 32.64 g/t Au, results also include 4.09 metres grading 21.72 g/t Au, 4.38 metres grading 17.54 g/t Au and 2.57 metres grading 15.57 g/t Au - Maiden mineral resource estimate for Makapela expected in May 2012
"We continue to be encouraged by the drilling results at Makapela with a number of high grade gold intercepts, commented President & CEO Peter Cowley. "The current predominantly resource drilling program is nearing completion and we expect to outline the maiden mineral resource estimate for Makapela next month. Drilling with four rigs continues at Makapela to determine the depth extent of the mineralization where it remains open."
Loncor Resources Inc. is a Canadian gold exploration company focused on two key projects in the Democratic Republic of the Congo ("DRC") - the Ngayu and North Kivu projects. The Company has exclusive gold rights to an area covering 2,087 km2 of the Ngayu Archaean greenstone belt in Orientale province in the northeast portion of the DRC. Loncor also owns or controls 55 exploration permits in North Kivu province, covering 17,760 square kilometres, located west of the city of Butembo. Both areas have historic gold production. Led by a team of senior exploration professionals with extensive African experience, Loncor's strategy includes an aggressive drilling program to follow up on initial known targets as well as covering the entire greenstone belt with regional geochemical and geophysical surveys.
Last: 1.20Range: 3.37-1.02Market Cap: 71 million
TomaGold Hits High Grade Intersection of 237.6 g/t Over 5.7 Metres at its Monster Lake Project
TomaGold Corporation Inc. (TSX VENTURE:LOT)
is pleased to announce the discovery of a high grade intersection at its Monster Lake project near Chibougamau, Quebec. TomaGold has intersected 5.7 metres grading 237.6 g/t gold in Hole M-12-60, between 69.0 and 74.7 metres downhole in the NQ-calibre hole. More than 60 flecks of visible gold can be seen in the core of this intersection.
David Grondin, President and Chief Executive Officer, said that: "This is a major discovery in terms of both grade and continuity. The intersection has strong exploration potential, as it is open along strike and at depth. We will make every effort in the coming weeks to mobilize a drill and continue drilling to test the potential of this very significant discovery."
ABOUT TOMAGOLD CORPORATION INC.
TomaGold Corporation is a Canadian-based mining exploration company whose primary mission is the acquisition, exploration and development of gold projects in Canada and abroad.
Last: 0.35Range: 0.39-0.15Market Cap: 14 million
Majescor Confirms 154 g/t Silver (4.49 oz/ton) Over 12 m in Sulphide Zone in Hole B-001, Blondin Porphyry Copper-gold Prospect, Northeast Haiti
Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX)
is pleased to confirm final silver assay results for a high-grade intercept in drill hole B-001 at the Blondin porphyry copper-gold prospect, on its SOMINE porphyry copper-gold and vein gold-silver project in Northeast Haiti. Blondin is the second porphyry target on the SOMINE project which also includes the Douvray porphyry copper-gold prospect (see Majescor press release dated February 6, and March 13, 2012).
Hole B-001 is located approximately 2 000 m to the Northwest of the Douvray prospect and it was drilled at an angle of -90 degrees to a depth of 287 m. Hole B-001 returned the following intercept in the sulphide zone:
--154 g/t Ag (4.49 oz/ton) and 0.30% Cu over 12 m (from 269.5 m to 281.5
m), including:
--869 g/t Ag (25.35 oz/ton) and 0.61% Cu over 1.5 m (from 269.5 m to
271.0 m); and
--301 g/t Ag (8.78 oz/ton) and 0.28% Cu over 1.5 m (from 280.0 m to
281.5 m)
About Majescor Resources Inc.
Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).
Last: 0.165Range: 0.33-0.10Market Cap: 11.9 million
Silver Bull Intersects 8.45 Meters of Massive Sulpide Grading at 16.98% Zinc, 5.45% Lead and 57.29g/t Silver in a Previously Undrilled Area 500 Meters to the North of the "Shallow Silver Zone" at the Sierra Mojada Project, Coahuila, Mexico
Silver Bull Resources Inc. (SVB - TSX, SVBL - AMEX)("Silver Bull") is pleased to announce drill hole B11144 intercepted 8.45 meters of massive sulphide grading 16.98% Zinc, 5.45% lead, and 57.29g/t silver in a previously untested zone 500 meters to the north of the Shallow Silver Zone.
Highlights include:
* The massive sulphide hole lies in a previously untested zone 500 meters to the north of the Sierra Mojada fault system which hosts the "Shallow Silver Zone" and grades 16.98% zinc, 5.45% lead, and 57.29g/t silver over 8.45 meters.
* B11144 lies along strike to a one kilometer long east-west trending chargeability high identified through a gradient "Induced Polarization" (IP) survey.
* The chargeability high corresponds to a zone which historical records indicate has previously been mined for high grade copper, lead and zinc sulphide mineralization up to 10 meters thick.
* The chargeability anomaly remains open towards the east and west.
Drill hole B11144 is the first to intersect any significant sulphide mineralization at Sierra Mojada.
About Silver Bull: Silver Bull is a well funded, US registered mineral exploration company listed on both the NYSE Amex and TSX stock exchanges and based out of Vancouver, Canada. The flag ship "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico and is highly prospective for silver and zinc.
Last Trade: 0.55 52 Week: 1.19 – 0.445 Market Cap: 74.89 Million