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Message: AGORACOM Small Cap TV - July 10th - Highlights

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 July 10th, 2012, and we’ve found 9 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 ... or click on the image below.

Marathon Gold Hits 6.53 g/t Au over 15.3 meters and 2.36 g/t Au over 29.75 meters at the 100% Owned Leprechaun Gold Deposit, Valentine Lake Project

Marathon Gold Corporation(MOZ: TSX)

today announced continued positive results from the summer 2012 drilling program at the Valentine Lake Project, Newfoundland (Figure 1). Step-out drilling at the Leprechaun Gold Deposit has intersected new high-grade gold mineralization up to 150 meters down-dip from the previously defined Main Zone boundary. This new drilling in the central part of the Leprechaun Gold Deposit continues to expand the high-grade Main Zone that is currently open at depth.

Highlights include:

  • Significant down-dip expansion of the Main Zone and growth of underground mining targets with new high-grade Main Zone mineralization including 6.53 g/t Au over 15.3 meters with 51.04 g/t Au over 0.9 meters, 15.14 g/t Au over 1.8 meters, and 13.71 g/t Au over 1.8 meters in VL-12-444, and 2.36 g/t Au over 29.75 meters with 46.50 g/t Au over 0.85 meters and 7.03 g/t Au over 0.85 meters in VL-12-448.
  • Increased along strike continuity of high-grade Main Zone mineralization with infill drilling including 5.03 g/t Au over 10.0 meters with 31.21 g/t Au over 1.0 meters in VL-12-445, 4.75 g/t Au over 7.6 meters with 20.24 g/t Au over 0.95 meters in VL-12-449 (Photo 1), and 7.56 g/t Au over 5.7 meters with 12.61 g/t Au over 1.9 meters in VL-12-451.
  • Continued growth of the 100% owned Leprechaun Gold Deposit with down-dip expansion of the high-grade Main Zone mineralization and development of underground targets.

About Marathon Gold Corporation

Marathon Gold Corporation is a North American gold resource development company, with projects located in the mining friendly province of Newfoundland and Labrador, the prolific Coeur d'Alene Mining District of Idaho and the historic gold rich Greenhorn District of Oregon, USA. Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects. Marathon is continually evaluating new gold resource development projects of merit that are located within the Americas. Marathon's focused and low-cost approach to exploration and resource development has an established record of delivering rapid growth. For more information visit: www.marathon-gold.com

Last: 0.80Range: 1.70-0.68Market Cap: 23.8 million

CVTech Group Inc. obtains two contracts from Hydro-Québec totalling $14.1 million

CVTech Group Inc.(TSX: CVT)

today announced that its subsidiary Thirau ltée (Thirau), has been awarded two new contracts by Hydro-Québec with a total value of $14.1 million. These contracts are mainly related to the construction of electricity transmission and distribution lines in the province of Quebec. Work associated with both contracts should start over the next few days.

The first contract, valued at more than $6.3 million, is part of the vast Romaine hydroelectric complex on Quebec's North Shore. This contract is the third awarded to Thirau in connection with this large-scale project. Under the terms of the agreement, Thirau will build a 34.5-kV, 33-kilometer overhead distribution network to supply electricity to the Romaine III camp. Work should extend until the end of October 2012. Approximately 40 employees should be assigned to the project.

The second contract, valued at $7.8 million, is with regards to the construction of a 230-kV, double-circuit steel line for the addition of a second power supply to the Francheville substation and the dismantling of two circuits. Work should extend for a period of approximately 12 months and it is anticipated that about 60 employees will carry out the work.

OVERVIEW OF THE CORPORATION
CVTech is a management company operating in two sectors. Through Thirau ltée and its subsidiaries Riggs Distler Inc. and Thirau LLC, the Corporation provides services to the electric power industry for the maintenance of transmission and distribution lines, primarily in Quebec, Ontario and the eastern United States. Another Thirau ltée subsidiary, J.J.L. Déboisement inc., specializes in control of vegetation surrounding power lines and in clearing rights of way. Thirau LLC's wholly owned subsidiary Riggs Distler & Company, Inc. is a leading provider of maintenance and construction services to the utility and heavy industrial markets. In the CVT Systems and Related Products Segment, the Corporation, through CVTech-IBC Inc., designs, manufactures and sells continuously variable power transmission systems, or CVT systems. CVTech-AAB Inc. specializes in rebuilding crankshafts and cylinders and in distributing engine parts.

Last: 1.05Range: 1.20-0.79Market Cap: 76 million

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Brigus Gold Meets Q2 Production Target

http://agoracom.com/ir/BrigusGold(“Brigus” or the “Company”) is pleased to announce that it has met its production guidance for a second consecutive quarter. During the second quarter of 2012, the Company produced 18,254 ounces of gold at an average grade of 3.30 grams per tonne (gpt) and a projected cash cost of between $800 and $825 per ounce. Production at the Company’s Black Fox Mine continues to increase as development progresses towards larger ore zones at depth.

Ounces Produced

Average Grade

Q1

16,922

3.04

Q2

18,254

3.30

Total

35,176

3.17

The Q2 production target was achieved despite operating challenges. Severe forest fires in the region resulted in the shutdown of the Company’s Black Fox Mill for four days as well as intermittent suspension of mining operations due to smoke and power supply issues. There was no damage to the Company’s assets or the key safety components of the mill due to the fires.

About Brigus Gold

Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has granted Cangold Limited the option to acquire a 75% interest in the Company’s Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Last: 0.79Range: 1.89-0.69Market Cap: 171 million

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Avalon Announces Initial Definition of Measured Mineral Resources in Latest Resource Estimate for the Nechalacho Rare Earth Elements Deposit, Thor Lake, NWT

Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:MKT)(NYSE MKT:AVL)

is pleased to announce an updated resource estimate for the Nechalacho Rare Earth Elements Deposit, Thor Lake, NWT (the "Nechalacho Deposit"). The estimate was prepared by Roscoe Postle Associates Inc. ("RPA") based on the assays from all drilling completed up to November, 2011. The updated resource estimate is highlighted by the initial definition of mineral resources in the Nechalacho Deposit at the key Measured level of confidence.

RPA has estimated Measured Mineral Resources of 8.90 million tonnes grading 1.64% TREO(1) and 21.7% HREO/TREO using the base case $260/tonne Net Metallurgical Return ("NMR") cut-off for the key Basal Zone part of the Nechalacho Deposit (see Table 1). Furthermore, within the Measured Mineral Resources, there are an estimated 8.42 million tonnes at the $400/tonne NMRcut-off grading 1.69% TREO and 21.82% HREO/TREO. This demonstrates that the Measured Mineral Resources continue to be robust at higher cut-off grades (see Table 3). Grades for individual rare earth element oxides are listed in Table 2.

The updated resource estimate for the Basal Zone has also resulted in an increase in the total Indicated Mineral Resources in the deposit to 63.76 million tonnes grading 1.52% TREO with 21.41% HREO/TREO at the $260/tonne NMR base case cut-off (Table 1). The total Measured and Indicated Resources of 72.66 million tonnes of 1.53% TREO and 21.5% HREO/TREO compares with the Indicated Mineral Resources of 57.49 million tonnes grading 1.56% TREO with 20.72% HREO/TREO reported previously for the Basal Zone in the news release dated January 27, 2011.

About Avalon Rare Metals Inc.

Avalon Rare Metals Inc. (TSX:AVL)(NYSE:Amex:AVL)(NYSE MKT:AVL) is a mineral development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones.

Last: 1.51Range: 6.51-1.39Market Cap: 155 million

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Endeavour Silver Production Continues to Climb in Second Quarter, 2012; Produces 1,040,026 Oz Silver (Up 22%) and 7,695 Oz Gold (Up 59%)

Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD)

announces that the Company's silver and gold production from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to climb in the Second Quarter, 2012.

Silver production was up 22% to 1,040,026 ounces (oz) and gold production was up 59% to 7,695 oz compared to the Second Quarter, 2011. Revenues were up 11% to US$40.4 million due to the higher metal production even though metal prices were lower in Q2, 2012 compared to Q2, 2011.

Production Highlights of Second Quarter 2012 (Compared to Second Quarter 2011)

 
--Silver production increased 22% to 1,040,026 oz 
--Gold production rose 59% to 7,695 oz 
--Silver and equivalents production escalated 31% to 1.46 million oz (at a
55:1 silver: gold ratio) 
--Revenues jumped 11% to $40.4 million on 1,075,000 silver oz sold and
5,650 gold oz sold 
--Realized silver price fell 22% to $29.21 per oz sold (close to the
average spot price for Q2/12) 
--Realized gold price rose 5% to $1,599 per oz sold (close to the average
spot price for Q2/12) 
--Metal held in inventory at quarter-end included 896,501 oz silver and
6,124 oz gold

About Endeavour Silver Corp.

Endeavour Silver is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted seven consecutive years of growing silver production, reserves and resources. The organic expansion programs now underway at Endeavour's two (soon to be three) operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

Last: 8.39Range: 13.10-7.34Market Cap: 738 million

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Tembo Gold Reports 90-95% Gold Recovery From Preliminary Metallurgical Testing

Tembo Gold Corp. (TSX VENTURE:TEM)(FRANKFURT:T23)

is pleased to announce the results of its gold deportment and preliminary metallurgical testing which was conducted on 32 samples collected during an artisanal mining face sampling program conducted at the Tembo project in the Lake Victoria goldfield in Tanzania. The samples were submitted to SGS South Africa (Pty) Ltd for the study. The test work indicates that gravity recovery and direct cyanidation of near surface gold mineralization at the Tembo project is expected to yield gold recovery in the order of 90 to 95%.

The study consisted of the following:

 
--Gold (Au) and sulfur (S) assays were conducted on each sample. Based on
the gold results, the samples were grouped into three composite samples:
low grade 0 to 3g/t Au, medium grade 3 to 6g/t Au, and high grade 6 to
60g/t Au.
--Test work to determine the amenability of the mineralized material to
gravity recovery.
--Grading analysis to determine the gold distribution across the size
fractions.
--Heavy Liquid Separation (HLS) to determine the amount of free gold or
gold that would respond to gravity recovery.
--Chemical analysis to determine the compositions of ore and metallurgical
test products.
--General mineralogical characterization of the ore by XRD and QEMSCAN.
--Identification and quantification of gold minerals, including native
gold, gold telluride etc. in the gravity concentrate.

About Tembo Gold Corp.

Tembo Gold (TSX VENTURE:TEM) is a Canadian publicly listed mineral exploration company focused on the exploration and development of gold projects in Tanzania and the rest of Africa. The Company currently has 100% interest in the Tembo Gold Project that is located adjacent to African Barrick's 20Moz Bulyanhulu Mine in the prolific Lake Victoria Greenstone belt in Tanzania. The Company is led by a highly experienced team with a proven history of developing, financing, and operating mining projects in Africa. The Company has commenced its 90,000m drill program on its Tembo Gold Project.

Last: 0.495Range: 2.29-0.45Market Cap: 19.9 million

Cayden Drills 28.5 Meters Of 3.21 g/t Au at Las Calles

Cayden Resources Inc. (TSX VENTURE:CYD) (Cayden or the Company)

is pleased to announce that it has received additional drilling results from its Las Calles target at the Morelos Sur Gold project, central Guerrero State, Mexico. The drilling highlights at Las Calles include 28.5 meters of 3.21 g/t Au including 10.8 m of 7.81 g/t Au, including 2 m of 26.3 g/t Au (LCDD0101), 7.7 m of 2.44 g/t Au (LCDD0096), and 39.3 m of 0.65 g/t Au (LCDD0102).

The results occur in the same extremely fractured and iron oxide-rich diorite sill from which earlier significant results were previously reported (see NR dated March 5, 2012) as well as historical results reported by IMMSA, a subsidiary of Grupo Mexico (see 43-101 technical report filed on www.sedar.com). The aggregate results indicate the potential for a deeper, lateral extension of the ore body currently being mined by a subsidiary of Goldcorp, at the adjacent Los Filos mine. At present, Las Calles mineralization is open in all directions. Drill hole locations are shown at www.caydenresources.com. Cayden is currently drilling at its La Magnetita target and expects to release results in the near future.

About Cayden Resources

Cayden is a well financed junior mining company focused on delivering shareholder value through the acquisition, exploration and development of precious metal projects located throughout the Americas. The management team at Cayden is highly experienced with an impressive track record of success in the discovery, development and financing of mineral projects. Cayden is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities. Cayden trades on the TSX Venture Exchange under the symbol "CYD".

Last: 1.05Range: 3.00-0.91Market Cap: 38 million

Golden Arrow Resources Corporation: Drilling Returns Multiple Bonanza Silver Intercepts at Chinchillas, Including 29 Metres at 631 g/t Silver

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(WKN:A0B6XQ)

is pleased to announce multiple near surface bonanza grade intercepts over significant lengths from drilling at the Silver Mantos target on its Chinchillas Silver Project, in Jujuy, Argentina. The majority of the results reported herein are 50 to 100 m step-out drill holes that significantly expand the previously outlined mineralized zone at Silver Mantos. Silver Mantos remains open to expansion in all directions.

Drill Highlights Include:

CGA-35

685 g/t AgEQ* over 29 m; including 1918 g/t AgEQ* over 6 m.

CGA-38

630 g/t AgEQ* over 22 m; including 1318 g/t AgEQ* over 10 m.

CGA-39

553 g/t AgEQ* over 29 m; including 1498 g/t AgEQ* over 7 m.

About Golden Arrow:

Golden Arrow is a Vancouver-based explorer and prospect generator focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The Company is well positioned for growth of shareholder value with the pending sale of its 1% NSR on Yamana Gold Inc.'s Gualcamayo Gold Mine to Premier Royalty for $17.75 million pending shareholder approval (details in GRG News Release dated May 24th, 2012), ongoing drilling at the advanced Chinchillas Silver project, an attractive portfolio of highly prospective exploration projects and a pipeline of new opportunities under review. Golden Arrow will continue to execute its strategy to leverage the Company's exploration exposure by attracting partners to fund work on its portfolio of high quality mineral projects. Golden Arrow is a member of Grosso Group, a management company specialized in resource exploration, and working in Argentina where it is highly regarded and trusted since 1993.

Last: 0.28Range: 0.385-0.23Market Cap: 15.4 million

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Timmins Gold Reports Record Production of 23,203 Ounces of Gold and 14,453 Ounces of Silver During Q2 2012

Timmins Gold Corp. (TSX:TMM)(NYSE Amex:TGD)(NYSE MKT:TGD) reports record gold production of 23,203 gold ounces for its Q2 2012 fiscal quarter ended June 30. Timmins Gold also produced 14,453 ounces of silver during the quarter.

During Q2 2012 a total of 39,028 ounces of gold were placed on the heap leach pads, compared to 31,150 ounces of gold during the previous quarter (Q1 2012), a 25.3% increase. Gold produced during Q2 2012 reached 23,203 ounces of gold, compared to 21,532 ounces in the previous quarter (Q1 2012), a 7.8% increase.

The following are some key production statistics for Q2:

Category

Apr-Jun 2012

Apr-Jun 2011

% Change

Dry tonnes of ore placed on pads

1,347,112

1,239,075

8.72%

Average grade (g/t Au)

0.901

0.859

4.86%

Low grade stockpiled

791,775

379,778

108.48%

Average grade stockpiled (g/t Au)

0.252

0.276

-8.74%

Waste Mined

4,342,495

4,239,137

2.44%

Total Mined (tonnes)

6,440,582

5,887,368

9.40%

Strip Ratio

2.07

2.57

-19.46%

Gold Ounces Placed on Pads

39,028

34,235

14.00%

Gold Ounces Produced

23,203

16,676

39.14%

Gold Recovery Ratio

59.45%

48.71%

22.05%

Gold Ounces Sold

23,499

17,965

30.81%

Days

91

91

0.00%

Average Ore Processed (t/d)

14,803

13,616

8.72%

Total Mined (t/d)

70,776

64,969

9.40%

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 Trade: 1.90 52 Week: 3.438 – 1.45 Market Cap: 271.67 Million

Augme Technologies, Inc. Reports First Quarter Fiscal 2013 Results

Augme® Technologies, Inc. (OTCBB: AUGT) ("Augme") ("the Company"), a technology and services leader in interactive media marketing that offers the only patented end-to-end mobile marketing and mobile advertising platform, today announced its operating results for the first quarter of fiscal 2013 ended May 31, 2012.

First Quarter Highlights:

For the quarter ended May 31, 2012, the Company reported revenue of approximately $5.1 million, an increase of 50% when compared with pro-forma revenue of approximately $3.4 million for the quarter ended May 31, 2011 and an increase of approximately 2% versus revenue of $5.0 million in the quarter ended February 29, 2012.

Gross profit (revenue minus cost of revenue) increased 37% to $3.1 million, or 62% of revenue, for the first quarter of FY2013, versus pro-forma gross profit of $2.3 million, or 68% of revenue, for the first quarter of FY2012, and increased slightly when compared with gross profit of $3.1 million, or 61% of revenue, for the fourth quarter of FY2012.

The Company recorded a net loss of $7.6 million, or ($0.08) per share, for the first quarter of FY2013, versus a pro-forma net loss of $5.1 million, or ($0.06) per share, for the first quarter of FY2012 and a net loss of $11.2 million, or ($0.12) per share, for the fourth quarter of FY2012. For the first quarter of fiscal 2012, Augme reported a net loss of $4.0 million, or ($0.06) per share.

About Augme Technologies, Inc.

Augme® Technologies, Inc. (OTCBB: AUGT) provides strategic services and mobile marketing technology to leading consumer and healthcare brands. Selling its products and services under the Hipcricket brand, Augme's platform has provided measurable successes across an industry-leading 200,000 campaigns for its clients, which include many of America's brand-name leaders (e.g., Macy's, MillerCoors, Nestle, Clear Channel) in a variety of industries, along with their agencies.

Last Trade: 1.59 52 Week: 4.32 – 1.17 Market Cap: 150.26 Million

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