AGORACOM Small Cap TV - February 22nd - Highlights
posted on
Feb 22, 2011 10:10AM
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 February 22nd, 2011, and we’ve found 5 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.
Malbex Reports 5 Metres at 48.34 g/t Gold Within 103 Metres Averaging 2.84 g/t Gold at Del Carmen Norte
TORONTO, ONTARIO--(Marketwire - Feb. 22, 2011) - Malbex Resources Inc. (TSX VENTURE:MBG) announced results today from two holes at the Rojo Grande target on the Company's Del Carmen gold-silver project in San Juan province, Argentina. Highlights for the near-surface gold-silver mineralization include:
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DDHC-10-042: |
103 m grading 2.84 g/t gold and 6.4 g/t silver |
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including |
29 m grading 9.61 g/t gold and 10.1 g/t silver |
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with |
5 m grading 48.34 g/t gold and 15.4 g/t silver |
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DDHC-10-040: |
19 m grading 0.70 g/t gold and 4.1 g/t silver |
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including |
10 m grading 1.14 g/t gold and 5.1 g/t silver |
The Rojo Grande target consists of reddish, iron oxide-stained silicified rocks outcropping on the north side of the massif that cores the Del Carmen Norte hydrothermal alteration system. Gold-silver mineralization at Rojo Grande occurs over a minimum strike length of approximately 500 metres (m) and remains open along strike and at depth. Holes DDHC-10-040 and -042 were collared between sections containing previously reported intercepts that include those about 100 m to the south:
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DDHC-10-035: |
49 m grading 1.41 g/t gold and 3.2 g/t silver |
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including |
8 m grading 7.08 g/t gold and 11.6 g/t silver |
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DDHC-10-020: |
124.5 m grading 0.57 g/t gold and 8.8 g/t silver |
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and previously reported intercept about 80 metres to the north: |
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DDHC-10-039: |
86 m grading 0.77 g/t gold and 9.3 g/t silver |
About Del Carmen Norte and Rojo Grande
Rojo Grande consists of prominent reddish weathering silicified outcrops on the northern flank of the massif of high sulphidation hydrothermal alteration at Del Carmen Norte. Previous significant intersections at Rojo Grande include:
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DDHC-10-017: 41 m grading 1.18 g/t gold and 31.2 g/t silver |
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DDHC-10-018: 15 m grading 1.07 g/t gold and 27.3 g/t silver |
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DDHC-10-020: 124.5 m grading 0.57 g/t gold and 8.8 g/t silver |
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DDHC-10-031: 35 m grading 0.94 g/t gold and 13 g/t silver |
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DDHC-10-032: 142.15 m grading 0.88 g/t gold and 13.7 g/t silver |
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o including 40.15 m grading 1.45 g/t gold and 19.6 g/t silver |
About Malbex
Malbex Resources Inc. is a gold exploration company led by experienced management and directors. Malbex holds an indirect 100% interest in three exploration projects in Argentina's El Indio Gold Belt, which hosts over 40 million ounces of gold in past production and current reserves. Two of the projects are in close proximity to Barrick's Veladero and Pascua-Lama gold deposits.
Last Trade: 0.8052 Week: 0.95 – 0.28Market Cap: 80 Million
JA Solar Announces Fourth Quarter and Full Year 2010 Results
JA Solar Holdings Co., Ltd., (Nasdaq:JASO - News), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced its financial results for its fourth quarter and full year ended December 31, 2010.
Fourth Quarter and Full Year 2010 Financial and Operating Highlights:
According to reports published by SolarBuzz and IMS Research in December 2010, JA Solar ranked first globally in terms of solar cells produced and shipped in Q3 2010.
Liquidity
The Company maintained a strong balance sheet with cash and cash equivalents of RMB 2.3 billion ($346.9 million), and total working capital of RMB 4.4 billion ($662.8 million) at December 31, 2010.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of high-performance solar power products. The Company sells its products to solar manufacturers worldwide, who assemble and integrate solar cells into modules and systems that convert sunlight into electricity for residential, commercial, and utility-scale power generation.
Last Trade: 8.51552 Week: 10.24 – 4.22Market Cap; 1.44 Billion
ATA Announces Unaudited Results for the Third Quarter of Fiscal Year 2011
ATA Inc. ("ATA" or the "Company", Nasdaq: ATAI), a leading provider of computer-based testing and testing-related services in China, today announced unaudited financial results for its fiscal third quarter 2011 ended December 31, 2010 ("Third Quarter 2011").
Third Quarter 2011 Highlights
About ATA Inc.
ATA is the leading provider of computer-based testing services in China. The Company offers comprehensive services for the creation and delivery of computer-based tests based on its proprietary testing technologies and test delivery platform. ATA's computer-based testing services are used for professional licensure and certification tests in various industries, including information technology services, banking, teaching, securities, insurance, and accounting.
Last Trade: 4.53652 Week: 4.59 – 2.72Market Cap: 100.7 Million
WesternZagros Resources Ltd.: Block K44's Prospective Resources Now Exceed 1 Billion Barrels of Oil and 1.75 Billion Barrels of Oil Equivalent
WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") is pleased to announce the latest in a series of independent audits by Sproule International Limited ("Sproule") of WesternZagros' resource assessments. This audit, together with the previous audit results announced on December 16, 2010 and January 17, 2011, increases the combined mean estimate of gross unrisked prospective resources on the Company's Kalar-Bawanoor exploration block ("Block K44") to 1,092 million barrels of oil, or 1,771 million barrels of oil equivalent when gas and condensate are included.
Block K44 consists of approximately 2,120 square kilometres of land. WesternZagros holds a 40 per cent working interest in Block K44 pursuant to a Production Sharing Contract ("PSC") with the Kurdistan Regional Government signed on February 28, 2008.
This latest audit by Sproule covered stacked reservoirs in three of the Company's multiple prospect areas, all located on the Company's Block K44 in the Kurdistan Region of Iraq in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101").
The prospective resource assessment numbers provided for the Oligocene, Eocene and Cretaceous reservoirs at the Sarqala prospect are separate and in addition to the prospective resource assessment of the Jeribe reservoir at the Sarqala prospect as previously disclosed in the Company's Material Change Report dated January 17, 2011.
About WesternZagros Resources Ltd.
WesternZagros is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. The Company, through its wholly-owned subsidiaries, holds a Production Sharing Contract with the Kurdistan Regional Government in the Kurdistan Region of Iraq.
Last Trade: 0.5152 Week: 0.87 – 0.23Market Cap: 105.81 Million
Northern Gold Hits 58 Meters of 1.08 g/t Gold Including 2 Meters of 13.07 g/t, Plus 18 Meters of 2.08 g/t Including 1.0 Meter of 13.27 g/t, Plus 2 Meters of 7.13 g/t, and 1 Meter of 8.32 g/t
TORONTO, ONTARIO--(Marketwire - Feb. 22, 2011) - Northern Gold Mining Inc. (TSX VENTURE:NGM) ("Northern Gold" or "the Company") is pleased to announce assay results for seven more diamond drill holes totaling 1,496 meters of drill core in the Company's ongoing 30,000 meter drill program at the Garrcon Deposit on the Garrison Gold Property. A total of 25 holes (5,367 meters) have been reported to date for the drill program that began May, 2010. Assay results for the seven drill holes are listed in Table 1
Table 1 – Highlights of Assay Results*
HoleFromInc.toIntervalAu g/t un-cut
GAR-10-30 3.8 31.027.20.63
GAR-10-3218.45 272.0253.5 0.41
GAR-10-338.0 279.0272.00.45
GAR-10-3641.0 269.0228.00.46
About Northern Gold Mining
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property. The Property is located within the Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault systems. The Property hosts several gold mineralized showings in addition to the two advanced stage exploration targets, the Jonpol and Garrcon Deposits, for each of which NI 43-101 compliant mineral resources have been calculated, and the less advanced 903 Zone gold mineralized area.
Last Trade: 0.48552 Week: 0.50 – 0.105Market Cap: 43.01 Million