AGORACOM Small Cap TV - March 2nd - Highlights
posted on
Mar 02, 2011 08:57AM
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 March 2nd, 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.
Cogitore Drilling on Central Lens Confirms Continuous Mineralization and Increases Tonnage Potential at Scott Lake
Cogitore Resources Inc. (TSX VENTURE:WOO)
report assays from two massive sulphide intervals in drill hole SC-60, recently completed on the Company's Scott Lake Project (Chibougamau, PQ). The two intervals, separated by a barren dyke, yielded the following:
* 0.9 % copper, 5.5 % zinc, 0.1 g/t gold and 52 g/t silver over 15.3 metres (257.1-272.4m); and
*0.6 % copper, 5.5 % zinc, 0.14 g/t gold and 24 g/t silver over 14.5 metres (302.6-317.1m).
"The almost thirty metres of massive sulphides are the thickest ever intervals of this type of mineralization in the Central Lens" says Gerald Riverin, Cogitore's President and CEO. "We believe the massive sulphides once formed a single interval that was subsequently separated into two (dilated) by dykes related to overlying volcanic rocks. Dyking is a relatively common feature of base metal deposits of this type, indicative of high heat flow – a good thing to have evidence of."
About the company
Cogitore Resources Inc. is a mineral exploration company focused on base metal exploration in accessible areas of the Abitibi Belt of Quebec and Ontario and in the Central Belt of Newfoundland.
Last Sale: 0.24 52 Week Range: 0.17 - 0.33 Market Cap: 13.75M
Balmoral Intersects 11.18 g/t Gold Over 12.00 Metres in First Hole on Martiniere Project, Quebec
Balmoral Resources Ltd. (TSX VENTURE:BAR)
announced today that the first hole of its winter 2011 program on its wholly owned Martiniere Project, located along the Detour Lake Gold Trend in Central Quebec, has intersected three high-grade gold bearing intervals within a 72.00 metre wide gold zone which returned an average grade of 2.40 g/t gold.
The three high-grade sections returned intercepts of 11.18 g/t gold over 12.00 metres, 4.53 g/t gold over 5.25 metres and 10.20 g/t gold over 0.50 metres. Hole MDW11-01 was the first hole of a planned 20+ hole winter program and targeted the Martiniere West Zone, one of three known gold zones on the Martiniere Property.
About Balmoral Resources Ltd. (www.balmoralresources.com)
Balmoral Resources Ltd. is a Vancouver-based precious metal exploration and development company focused on district scale precious metal opportunities in politically favourable jurisdictions in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts in Canada, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and expansion of high-grade gold resources.
Last Sale: 1.55 52 Week Range: 0.94 - 1.65 Market Cap: 45.89M
Kilo Announces 2.0 Million Ounces Gold Initial Inferred Mineral Resource Estimate for the Adumbi Deposit, Somituri Project, DRC
Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K)
is pleased to announce an initial National Instrument 43-101 ("NI 43-101") compliant inferred resource estimate on the Adumbi Deposit of the Somituri Project in north-eastern Democratic Republic of Congo ("DRC").
The deposit remains open at depth. Other Kilo drilled prospects on the Somituri Project, namely the Kitenge and Manzako, are not included in the mineral resource estimate.
SUMMARY - NI 43-101 COMPLIANT INFERRED RESOURCE
At a 0.5g/t gold cut-off grade the Adumbi Prospect contains an Inferred Mineral Resource of 46.3 million tonne at a grade of 1.37g/t gold containing 2.03 million ounces of gold. The 0.5g/t cut-off is deemed appropriate based on current gold prices and possible processing costs of circa US$20/tonne.
Inferred mineral resources were estimated at a range of cut-off grades from 0.00 g/t gold to 1.00 g/t gold as presented in Table 1.
Table 1. Graded Mineral Resource Estimates for the Adumbi Deposit. |
||||||
Cut off |
Tonnes above |
Grade above |
Tonnage above |
Million ounces Au |
||
0.00 |
57 772 686 |
1.16 |
100% |
2.15 |
||
0.50 |
46 307 259 |
1.37 |
80% |
2.03 |
||
1.00 |
27 337 071 |
1.80 |
47% |
1.58 |
||
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company has over 16,000 square kilometres of favourable Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo.
Last Sale: 0.41 52 Week Range: 0.17 - 0.59 Market Cap: 29.21M
TechFaith Reports Fourth Quarter and Full Year 2010 Financial Results
China TechFaith Wireless Communication Technology Limited (Nasdaq:CNTF - News) ("TechFaith" or the Company) today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2010.
Highlights:
About TechFaith (NASDAQ:CNTF - News)
TechFaith (NASDAQ:CNTF - News) is a China-based original developed product ("ODP") provider focused on the original design and sales of mobile phone products. TechFaith aims to become a branded mobile phone specialist in differentiated market segments in the China market. TechFaith is also striving to build a leading PC and online gaming business through its wholly-owned subsidiary, 798 Entertainment Limited.
Last Trade: 4.3052 Week: 4.69 – 1.91Market Cap: 186.23 Million