AGORACOM Small Cap TV - May 1st - Highlights
posted on
May 01, 2012 09:20AM
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 May 1st, 2012, and we’ve found 7 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.
Lachlan Star Announces Record Gold Ounces Stacked in April Since Taking Ownership, Decision to Move to Owner Mining and Drill Results from its CMD Gold Mine Including 99m Grading 1.47 g/t Au
(TSX:LSA)(ASX:LSA)
announces record gold ounces stacked in April since taking ownership, decision to move to owner mining and drill results from its CMD Gold Mine including 99m grading at 1.47g/t Au.
Gold Stacked During April
Mining Strategy
About the company
Lachlan Star Limited is an emerging minerals exploration and development company headquartered in Perth, Western Australia. The company is focused on acquiring and developing assets within the gold, copper and bulk commodities sectors within Australia and overseas. The company has a board of directors and management team with an impressive track record of advancing resource projects through to production.
Last: 1.67Range: 1.78-0.83Market Cap: 125 million
Golden Predator Announces Resource Estimate at Brewery Creek Project of 580,000 Indicated ounces and 345,000 Inferred ounces of Gold
Golden Predator Corp. (TSX:GPD)
is pleased to announce it has completed its resource estimation for its Brewery Creek Project in the Yukon, Canada. Indicated Resources are estimated at 20.4 million tonnes grading 0.89 g/t gold and Inferred Resources are estimated at 13.0 million tonnes grading 0.83 g/t gold. Estimated resources contain approximately 581,000 gold ounces classified as indicated and 345,000 gold ounces classified as inferred, using cut off values of 0.20 g/t gold for oxide material and 0.70 g/t gold for sulfide material.
Brewery Creek Indicated & Inferred Resources(1) |
||||||||
|
Tonnes |
Au |
Contained |
|
Tonnes |
Au |
Contained |
|
Oxide |
Indicated |
13,932,000 |
0.70 |
313,000 |
Inferred |
7,337,000 |
0.47 |
111,000 |
Sulfide |
Indicated |
6,485,000 |
1.29 |
268,000 |
Inferred |
5,653,000 |
1.29 |
235,000 |
TOTAL Indicated |
20,417,000 |
0.89 |
581,000 |
TOTAL Inferred |
12,991,000 |
0.83 |
345,000 |
About Golden Predator Corp.
Golden Predator Corp., Yukon's Gold Company, is mandated to become a mid-tier gold producer. Golden Predator's road-accessible advanced properties include its flagship Brewery Creek Project at which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects.
Last: 0.52Range: 1.46-0.48Market Cap: 74.7 million
TomaGold Lines up a Second High-Grade Intersection of 101.2 g/t Au Over 4.5 m at Monster Lake
TomaGold Corporation Inc. (TSX VENTURE:LOT)
is pleased to announce more strong results from the compilation of old drill holes at its Monster Lake project near Chibougamau, Quebec.
The Company has discovered that the recently-announced intersection of 5.7 metres grading 237.6 g/t Au from Hole M-12-60 is in fact the second such intersection in the Zone 325 - Annie Zone gold corridor. In 2011, Stellar Pacific Ventures Inc. drilled Hole M-25-11 into Zone 325 and intersected 101.2 g/t Au over 4.5 metres at a depth of 49.5 to 54.0 metres. This interval included a particularly high-grade section of 223.2 g/t Au over 2 metres from 49.5 to 51.5 metres that contained veinlets of massive gold at 30 degrees to the axis of the core.
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: 0.39Range: 0.96-0.15Market Cap: 15.6 million
Northair Intersects 35 Metres of 91.8 g/t Silver at La Cigarra Project, Mexico
International Northair Mines Ltd. (TSX VENTURE:INM)
is pleased to announce the assay results from five additional core holes completed at its La Cigarra silver project, located in north central Mexico. Two holes were completed within a previously untested area between the San Gregorio and Las Carolinas zones and three holes are from in-fill drilling within the Las Carolinas Zone.
Highlights of the Continuing Drill Program
Between San Gregorio and Las Carolinas:
About the Company
The La Cigarra Project is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Local topography is gentle with good road access to the major city of Parral, located 26 kilometres to the south east. The La Cigarra Project hosts a silver-rich, epithermal vein system with three identified zones forming a three kilometre trend.
Last: 0.245Range: 1.00-0.18Market Cap: 17 million
HSE Integrated Ltd. Announces Definitive Agreement To Be Acquired By DXP Enterprises, Inc. For CDN$84 Million
HSE Integrated Ltd. ("HSE" or the "Company")
is pleased to announce that they have entered into a binding agreement (the "Agreement") with DXP Enterprises, Inc. ("DXP") to complete a business combination (the "Transaction"). DXP is a leading products and service distributor in the United States and trades on the NASDAQ under the symbol DXPE.
Transaction Details
The Transaction is anticipated to be completed by way of a statutory plan of arrangement pursuant to the Business Corporations Act (Alberta) whereby DXP would acquire all of the issued and outstanding common shares of HSE (the "HSE Shares"), including any shares issued upon the exercise of options to acquire HSE Shares and the conversion of outstanding convertible debentures prior to closing of the Transaction. Each HSE Share will be acquired by DXP, directly or indirectly, for cash consideration of CDN$1.80 per HSE Share, representing a premium of 59.3% percent to the closing price of the HSE Shares on the Toronto Stock Exchange ("TSX") as at April 30, 2012 and a 53.3% premium to the 30 day weighted-average trading price on the HSE Shares on the TSX. Any convertible debentures not converted prior to the closing of the Transaction will be redeemed in accordance with their terms. The total transaction value, including the assumption of approximately CDN $10.9 million of debt, is approximately CDN $84 million.
About DXP
DXP is a leading products and service distributor focused on adding value and total cost savings solutions to MRO and OEM customers in virtually every industry since 1908. DXP provides innovative pumping solutions, integrated supply and MROP (maintenance, repair, operating and production) services that emphasize and utilize DXP's vast product knowledge and technical expertise in pumps, bearings, power transmission, safety and industrial supplies. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer driven, creating competitive advantages for its customers.
Last: 1.13Range: 1.35-0.41Market Cap: 43.8 million
Bullfrog Discovers High Grade Gold and Confirms Historic Drill Data at Newsboy Project
Bullfrog Gold Corp. (OTCBB: BFGC) ("Bullfrog" or the "Company") is pleased to announce recent drill results at its Newsboy Project located 45 miles NW of Phoenix, Arizona.
- One vertical hole drilled in the basement schist rocks discovered a vein that contained 50 feet (15.2 meters) of 0.084 gold ounces per short ton (opt) (2.9 grams/metric tonne) and 0.18 silver opt (6.1 g/mt), including 5 feet (1.5 m) of 0.39 gold opt (13.5 g/mt) and 0.39 silver opt (13.5 g/mt).
- Five holes drilled within a 1992 proposed open pit mine area averaged 0.048 gold opt (1.6 g/mt), 1.2 silver opt (41.1 g/mt) and 64 feet in thickness (19.5 m). These results are comparable and confirmatory of adjacent old drill data.
- Sixteen additional holes were drilled in the large area surrounding the proposed open pit limits. Nine of these holes contained mineralization above the cutoff grade of 0.015 gold opt (0.5 g/mt).
Bullfrog Gold Corp. is a Delaware corporation that started trading on the over-the-counter bulletin board market on October 17, 2011 under the symbol BFGC. During 1992, predecessor owners of the Newsboy Project completed a feasibility study and submitted environmental permit applications to the State and the US Bureau of Land Management. Historic resources in the main deposit area were estimated in 1992 at 5.3 million tons averaging 0.04 gold opt and 0.7 silver opt. A total of 38,600 feet of drilling and substantial technical work has been completed on the Newsboy Project at an expenditure of more than $5.5 million.
Last Trade: 0.75 52 Week: 0.95 – 0.50 Market Cap: 22.42 Million
China Green Agriculture, Inc. (NYSE: CGA; "CGA" or the "Company"), a producer and distributor of humic-acid based compound fertilizers, blended fertilizers, organic compound fertilizers, mixed organic-inorganic compound fertilizers, slow-release fertilizers, highly-concentrated water soluble fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly-owned subsidiaries in China, today announced that it launched six new fertilizer products and added 18 new distributors in the third quarter ended March 31, 2012.
Jinong's two new products contributed $88,284 to Jinong's fertilizer revenues during the quarter. Jinong also added 13 new distributors during the quarter, which brought the total number of Jinong's distributors to 712. These new distributors contributed $498,302 to Jinong's fertilizer revenues during the quarter.
About China Green Agriculture, Inc.
The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Jinong, Gufeng, Xi'an Jintai Agriculture Technology Development Company ("Jintai") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 154 different kinds of fertilizer products as of March 31, 2012, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center.
Last Trade: 4.15 52 Week: 7.319 – 2.61 Market Cap: 111.81 Million