AGORACOM Small Cap TV - January 19th - Highlights
posted on
Jan 19, 2011 09:35AM
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 January 19, 2011, and we’ve found 4 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.
Premium Exploration Drills 7.0 g/t Gold Over 34.4 Meters Within 1.5 g/t Gold Over 330.4 Meters Continuing Resource Expansion & 100% Drill Success at Friday-Petsite Project
Premium Exploration Inc. (TSX VENTURE:PEM)
announce drill results from drill holes PFR2010_18 & 21. Both drill holes are located in the Main Zone and have advanced development of the Upper and Lower Blocks. Premium continues to encounter gold mineralization in 100% of drilling in the 10,000 meter Phase-Three program at the Friday-Petsite Gold Project in Central Idaho, USA.
Highlights:
PFR2010_21: 1.5 g/t gold over 330.4 meters including (starting at 29.9 meters)
7.0 g/t gold over 34.4 meters
PFR2010_18: 0.6 g/t gold over 345.7 meters (starting at 14.9 meters)
1.0 g/t gold over 38.4 meters as well as
1.0 g/t gold over 39.3 meters
About Premium Exploration Inc.
Premium is focused on the exploration and development of its district-sized Orogrande Shear Zone "OSZ" to fulfill its vision of developing a new mining district in North America. The OSZ is a 30 km-plus regionally-significant trending structure that correlates with multiple known zones of mineralization and has structural control to its gold mineralization, characteristics similar to many large gold belts, such as the Carlin Trend of Nevada. Development is ongoing at the bulk-tonnage Friday-Petsite Project, the most advanced of several known mineralized zones located along the OSZ and represents 4% of the OSZ under Premium's control.
Last Sale: 0.4552 Week Range: 0.24 - 0.57 Market Cap: 50.76M
Huakan Intercepts 8.77 Metres Grading 4.24 g/t Au, 78.38 g/t Ag, 2.79% Pb and 7.16% Zn at J&L
Huakan International Mining Inc. (TSX VENTURE:HK)
announces results from the next eight holes of an underground drilling program on its 100% owned gold-silver-lead-zinc J&L property, located near Revelstoke, BC.
The current drill program consistently intercepts Main Zone type mineralization of alternating bands of massive sulphide mineralization, stringer sulphide mineralization, and lesser mineralized sections hosted in phyllite and limestone.
Results include 8.77 metres (true thickness estimated) grading 4.24 g/t Au, 78.38 g/t Ag, 2.79% Pb and 7.16% Zn, and 1.33 metres (true thickness estimated) grading 13.92 g/t Au, 94.42 g/t Ag, 3.05% Pb and 6.83% Zn.
About the company
Huakan International Mining, Inc. acquires and explores mineral properties. The Company explores for precious metals in the J&L, Greenwood, Welbar, and Boundary projects in British Columbia, Canada.
Last Sale: 0.86 52 Week Range: 0.80 - 1.20 Market Cap: 28.02M
Riverstone Intersects 14 Metres Grading 1.92 g/t Gold at Nami
Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV)
report further results from the on-going diamond drill program on the Company's Nami Artisanal gold prospect in Burkina Faso, West Africa.
Results include an intercept of 14 metres of 1.92 g/t gold which included 4 metres of 5.91 g/t gold in Hole RADD 10-40.
About the company
Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the Company holds an extensive portfolio of six high quality exploration projects covering 2,300 square kilometres.
Last Sale: 0.6652 Week Range: 0.28 - 1.01 Market Cap: 60.04M
SHENYANG, China, Jan. 19, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or the "Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that it received a RMB 68.17 million (approximately US$ 10.2 million) cash subsidy on January 6, 2011 from the Liaoning Provincial Government in support for the Company's acquisition in January 2010 of Evatech Co. Ltd. ("Evatech"), a designer and manufacturer of industrial equipment for liquid crystal displays, plasma display panels, and amorphous-silicon photovoltaic panels. Evatech is based in Japan.
A-Power's acquisition of Evatech qualified the Company for certain subsidies that the Liaoning Provincial Government makes available for the acquisition of non-Chinese enterprises that have important technologies and patents. The subsidy is equivalent to approximately 20% of the total cost of the acquisition. The acquisition, completed in January 2010, was valued at US$ 49.9 million and was paid for with cash.
About A-Power
A-Power Energy Generation Systems, Ltd. ("A-Power"), through its China-based operating subsidiaries, is a leading provider of distributed power generation systems in China and is expanding into the production of alternative power generation systems. Focusing on energy-efficient and environmentally friendly distributed power generation projects of 25 to 400 megawatts, A-Power also operates one of the largest wind turbine manufacturing facilities in China. A-Power acquired Evatech Co. Ltd., a designer and manufacturer of industrial equipment for amorphous-silicon photovoltaic panels, in January 2010 and acquired Hallys Corporation in May 2010.
Last: 6.32 52 Week Range: 17.75-4.55 Market Cap: 282 Million