AGORACOM Small Cap TV - February 24th - Highlights
posted on
Feb 24, 2011 09:57AM
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 24th, 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.
Brighton Makes Significant New Uranium Discovery in Niger: Consistent Mineralization Occurs in Similar Setting to Producing Mines 25 Km Away
Orezone Gold Corporation (TSX:ORE) is pleased to announce a significant new uranium discovery in Niger, West Africa by its subsidiary, Brighton Energy Limited ("Brighton"). Brighton completed a 30-hole, 5,538 m reconnaissance drilling program on its 482 km2 Zéline 1 exploration permit that is located 25 km to the north of AREVA's open pit SOMAIR mine, which together with the COMINAK underground mine, have produced approximately 240 million pounds of uranium oxide (U3O8) since 1971.
Table 1 Summary statistics, intervals above a eU3O8 cut-off of 200 ppm (0.02%)
Formation |
Number |
Average |
Average |
Average eU3O8 |
|||
Tarat |
2 |
35.5 |
1.30 |
370 |
|||
Tchinezogue |
2 |
62.3 |
1.05 |
444 |
|||
Guezouman |
10 |
154.2 |
0.74 |
499 |
Quote: Ron Little CEO for Brighton and Orezone
“Results of this caliber in just the first drill program indicate the potential of this basin to yield additional deposits of uranium, Brighton has a well-located 4000 km2 land package and a seasoned team of nationals to carry out its ongoing drill programs. With analysts forecasting a fundamental shortage in uranium supply over the next decade, the stakeholders of Brighton and Orezone are well positioned to benefit from our continued efforts."
About
Orezone is an exploration and development company with more than 15 years experience in West Africa. Orezone delineated, permitted, and developed Burkina Faso's largest gold deposit (Essakane) before it was bought by IAMGOLD in a transaction worth approximately $350 million. Orezone continues to focus on developing the rest of its pipeline of advanced gold projects including Bomboré, the largest undeveloped gold deposit in Burkina Faso. Orezone's mission is to create wealth by discovering and developing resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.
Last Trade: 3.8452 Week: 4.25 – 0.66Market Cap: 318.2 Million
Northair Intersects 80.45 Metres of 123.5 g/t Silver at La Cigarra Silver Project, Mexico
International Northair Mines Ltd. (TSX VENTURE:INM) (the "Company" or "Northair") is pleased to announce assay results from the first two holes of the current Phase II core drill program at the La Cigarra silver project located in north central Mexico. Drill highlights of the program to date include 80.45 meters of 123.5 g/t silver in Hole CC-11-002 at the San Gregorio Zone.
Drill highlights include 32 metres of 132.4 g/t silver in Hole CRC-10-06 and 21.3 metres of 101.6 g/t silver in Hole CRC-10-11 at the San Gregorio Zone, 10.7 metres of 172.5 g/t silver in Hole CRC-10-01 at the Las Carolinas Zone and a near surface intercept of 7.3 metres of 68 g/t silver in Hole CRC-10-13 at the La Boracha Zone.
About La Cigarra Silver Project
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.
About
International Northair Mines Ltd. concentrates its main exploration activities in Mexico. Through an aggressive generative program focused within prospective mineral belts, the Company has successfully staked and acquired a number of early stage projects that offer opportunities for significant precious metal discoveries.
Last Trade: 0.1552 Week: 0.16 – 0.055Market Cap; 6.09 Million
Apogee Intersects 8.0 Meters Grading 413.25 g/t Silver 300 Meters East of Previous Drilling at Pulacayo Deposit
Apogee Minerals Ltd. ("Apogee" or the "Company") (TSX VENTURE:APE) reports assay results from seven additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia. (See Table 1 below). All of the reported holes were drilled from surface.
The highlights from these holes include:
·DDH PUD 162 intersected 2.64 meters grading 144.11 g/t Ag, 0.01% Pb, 0.07% Zn
·DDH PUD 163 intersected 8.84 meters grading 235.24 g/t silver, 0.13% lead and 0.86% zinc within an 18.0 meter interval grading 117.48 g/t silver, 0.10% lead and 0.67% zinc.
·DDH PUD 169 intersected 8.00 meters grading 413.25 g/t silver, 0.20% lead and 0.01 % zinc within a 12.0 meter interval grading 301.75 g/t silver, 0.17% lead and 0.01% zinc.
About Apogee Minerals Limited
Apogee Minerals Ltd. is a mineral exploration and development stage company listed on the TSX Venture Exchange under the symbol APE. Apogee targets advanced silver-zinc-lead projects in South America that demonstrate potential to be developed to production. Currently its projects are located in the historic silver producing regions of southwest Bolivia and northern Chile.
Last Trade: 0.3452 Week: 0.46 – 0.05Market Cap: 63.1 Million
China ACM Buys Two New Portable Plants; Wins $4.1 Million in New HSR Contracts
China Advanced Construction Materials Group, Inc. (NASDAQ:CADC - News) ("China ACM"), a leading provider of ready-mix concrete and related technical services in China, today announced it has been awarded two high-speed rail (HSR) contracts valued at $4.1 million total.
The contract was awarded to the Company's Manufacturing Services business segment and is being fulfilled with premium ready-mix concrete (RMC) from two new portable plants. Both these plants were built with machinery that China ACM pre-paid $1.3 million for last year, by directly spending -- or assigning -- $1.3 million of its accounts receivable (AR) balance.
China ACM was awarded the two new contracts by China Communications Construction Company Limited (HKEx: 01800), for its premium RMC manufacturing and related engineering services on the Yunnan -- Guilin Passenger Line located in Pingguo, in the Guangxi Zhuang Province Autonomous Region. These contracts will require approximately 400,000 cubic meters of RMC, valued at $4.1 million, and estimated for completion in June 2013.
About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.
Last Trade: 4.5752 Week: 5.69 – 2.95Market Cap: 81.07 Million