AGORACOM Small Cap TV - November 2nd - Highlights
posted on
Nov 02, 2010 08:32AM
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 2nd 2010, and we’ve found 6 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.
Grayd Drills 90 Metres of 1.21 g/t Au at Tarachi
Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to announce the results from ongoing drilling at the newly discovered Tarachi gold prospect, part of its 100% owned La India project in northern Mexico. Highlights include:
These holes were drilled in the same area of the property as DDH-10-149 (88m grading 1.5 g/t Au, reported July 6th). DDH-10-167 was drilled perpendicular to DDH-10-149 and most other previous holes. It is interpreted to have cross-cut a main east-west orientation to mineralization in the area and is mineralized from top to bottom. The east-west mineralization occurs within a much larger lower grade (approximately 0.3 g/t Au) halo that much of the drilling initially intersected until this better grade orientation was identified.
Surface sampling over a 5-square-kilometer area at Tarachi has returned numerous anomalous surface samples in a range from 0.2 to 22.9 g/t Au. Results from recent rock samples taken from intermittent outcrop along a 210 metre section of a new drill road range from 0.04 to 22.9 g/t Au. These results, and samples of sporadic outcrops in the surrounding area, indicate another significant east-west trending zone of higher grades occurs in this area located 900 metres north of DDH-10-167.
About
Grayd Resource Corporation is focused on the acquisition, exploration, development and operation of quality precious and base metal projects. Grayd Resources shares are traded on the Toronto Stock Exchange-V under the symbol GYD.
The Company's main focus is the 100% ownedLa India Gold Property - a feasibility stage heap leach gold project in the mineral rich Sierra Madre trend in Northern Mexico.
Last Trade: 1.4352 Week: 1.60 – 0.40Market Cap: 116.33 Million
Bellhaven Drills 94 m of 1.42 g/t AuEq at the Middle Zone, La Mina Porphyry Gold-(Copper) Project, Colombia PANAMA, REPUBLIC OF PANAMA--(Marketwire - Nov. 2, 2010) - Bellhaven Copper & Gold Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that its third hole (DDH-12) targeting the Middle Zone cut a substantial block of well mineralized porphyry and breccias. Two mineralized intercepts were recorded:
1) 28 m @ 0.61 g/t AuEq starting at 160 m (upper zone), and
2) 94 m @ 1.42 g/t AuEq starting at 326 m (lower zone)
The Middle Zone is the second porphyry prospect at La Mina, located approximately 500 m to the north of the La Cantera prospect. Bellhaven holds an option to earn 100% of the La Mina project (see press releases dated May 17, September 9, and October 12, 2010).
About Bellhaven
Bellhaven Copper & Gold Inc. is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to become one of the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.
Last Trade: 0.5952 Week: 0.74 – 0.09Market Cap: 38.94 Million
Fushi Copperweld Reports Third Quarter 2010 Financial Results
Fushi Copperweld, Inc. (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced financial results for the third quarter ended September 30, 2010.
Third Quarter Highlights
Outlook
Based on current business trends, the Company expects adjusted fully diluted earnings per share to be between $ 0.29 and $ 0.31 for the fourth quarter and to be between $ 1.25 and $ 1.29 for the 2010 full-year period, based on an estimated weighted average diluted share count of 38.3 million shares for the fourth quarter of 2010 and 37.4 million for full-year periods.
About Fushi Copperweld
Fushi Copperweld, Inc., through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co. Ltd., and Copperweld Bimetallics LLC, is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products for electrical, telecommunications, transportation, utilities and industrial applications. With extensive design and production capabilities, and a long-standing dedication to customer service, Fushi Copperweld is the preferred choice for bimetallic products worldwide.
Last Trade: 9.8052 Week: 12.94 – 6.50Market Cap: 370 Million
Osisko and Clifton Star Intersect 70 Metres Averaging 1.94 g/t Au at Duparquet
MONTREAL, QUEBEC--(Marketwire - Nov. 2, 2010) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc (TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to announce results from thirty-five additional holes from the 2010 drill program at the Duparquet Project, located in the Abitibi region of Quebec. Significant intersections from the new drill holes on the Beattie property include 49.3 metres averaging 2.05 g/t Au (BD10-267), 70.5 metres averaging 1.94 g/t Au and 96 metres averaging 1.21 g/t Au (separate intersections in BD10-282), 73.5 metres averaging 1.70 g/t Au (BD10-286), and 132 metres averaging 0.94 g/t Au (BD10-281). A narrower but very high grade intersection of 7.5 meters averaging 69.18 g/t Au (2.22 ounces gold per tonne) was encountered in BD10-284.
Drilling has focused on three properties: Beattie, Donchester and Duquesne, for an overall 2010 drilling campaign of 122,800 metres that is now completed. The Phase I drill program comprised 69,800 metres of drilling on the Beattie property with a total of 219 holes. The Phase Two drilling program of 20,300 metres comprised 69 holes on the Duquesne property, and the Phase Three program of 32,700 metres on the Donchester Property and Central Duparquet comprised a total of 96 holes.
About
Osisko Mining Corporation holds a 100% interest in the Canadian Malartic gold deposit in Quebec, Canada, one of the world's best mining jurisdictions. Canadian Malartic is one of the world's largest undeveloped resources wholly owned by a junior explorer, and is located in a mining district near extensive existing infrastructure.
Last Trade: 14.0652 Week: 15.85 – 7.01Market Cap: 5.35 Billion
About Clifton
Clifton Star Resources Inc. (TSX.V: CFO) [“Clifton Star”] is a junior mining exploration company with a focus on six properties that have had historic production of gold, silver, copper and nickel. The portfolio consists of five properties near the Porcupine-Destor Fault in Quebec and one on the Manitoba Ontario border.
Last trade: 4.2852 Week: 8.25 – 2.25Market Cap: 127 Million
Probe Mines Announces Significant Gold Discovery on Its Borden Lake Project Near Chapleau, Ontario, Including 91 Metres of 2.0 g/t Au
TORONTO, ONTARIO--(Marketwire - Nov. 2, 2010) - The Directors of Probe Mines Limited (TSX VENTURE:PRB) ("Probe") are very pleased to announce that the Company has received assay results from its first-phase drilling program on the Borden Lake Project near Chapleau, Ontario. A total of eight holes were drilled testing a surface gold showing on the property
Highlights:
- 91m intersection averaging 2.0 g/t Au in Hole BL10-02, hole ended in mineralization
- At least two higher grade zones within a broad envelope of lower grade gold, with samples returning values up to 15.5 g/t Au in higher grade zones
- Grades appear to be increasing with depth
- Gold mineralization intersected from surface
- All holes drilled in the discovery zone ended in mineralization, total width of zone unknown
- Zone is still open in all three directions, length, depth and width
- Airborne geophysics indicates zone continues for over one kilometre
- Only one kilometre from major highway, close to well-developed local infrastructure
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $4.0MM in treasury and a portfolio of highly prospective mineral properties. In addition to Borden Lake, the Company is focused on the McFauld's Lake area where it owns 875 claims covering approximately 14,000 hectares, including a 100% interest in the Black Creek chromite deposit. The Company also has an option on the Cree Lake gold property in the Swayze Belt of Ontario, which shows good potential. Probe currently has an option-joint venture agreement with Lake Shore Gold Corp on its Bristol Township gold project adjacent to Lake Shore's million-plus ounce gold deposit.
Last Trade: 1.2852 Week: 1.37 – 0.27Market Cap; 46.92 Million
Gold Canyon Intersects 307 Meters at 1.44 Grams Per Tonne Gold Including 100 Meters at 2.70 Grams Per Tonne Gold at Springpole Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2010) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that a very long intercept of gold mineralization encountered in hole SP10-019, 307 meters at 1.44 grams per tonne gold (1,007 feet at 0.042 oz per ton gold) including 100 meters at 2.70 grams per ton gold (328 feet at 0.079 oz per ton gold)
·Hole SP10-019, collared approximately 50 meters southeast of hole SP10-016 (305 meters at 1.03 grams per tonne gold announced in news release dated October 8, 2010) intersected 307 meters at 1.44 grams per tonne gold (1,007 feet at 0.042 oz per ton gold) including 100 meters at 2.70 grams per tonne gold (328 feet at 0.079 oz per ton gold). Hole SP10-019 was drilled at an azimuth of 220 degrees true north and inclination of -45 degrees, parallel to hole SP10-016. SP10-019 extends the strike of the Portage Zone by 50 meters southeast.
·In terms of grade-thickness, hole SP10-019 is the best hole drilled across the Portage Zone to date at 454 gram-meters aggregate.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.
Last trade: 0.9552 Week: 1.01 – 0.155Market Cap; 68.95 Million