AGORACOM Small Cap TV - March 7th - Highlights
posted on
Mar 07, 2011 11:16AM
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 7th, 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.
Donner Metals Ltd.: Bracemac-McLeod Ramp Moves Past 660 Metres
Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M),
reports that the Bracemac-McLeod ramp is currently at 660 metres enroute to the Bracemac-McLeod deposit where initial production from the mine is scheduled to start in January, 2013. In addition to ramp advancement, the installation of mine ventilation facilities and the construction of support infrastructure at the ramp portal are in progress.
The existing 4.3 kilometres of haulage road from the portal to the Matagami Mill is also currently being refurbished to accommodate haulage of ore from Bracemac-McLeod. The development of the Bracemac-McLeod deposit is operated by Xstrata Canada Corporation - Xstrata Zinc Canada Division ("Xstrata Zinc") with 12 contractor companies on site currently employing approximately 30 people in addition to Xstrata Zinc personnel.
In addition, exploration drilling has been conducted in the Radiore area, located 11.8 kilometres north of the Bracemac-McLeod deposit, and in the New Hosco area located 18.4 kilometres northwest of the Bracemac-McLeod deposit. Three diamond drillholes were completed on the near-surface, southeastern extension of the historical Radiore Mine (historical production of 0.14 million tons 1.34% zinc, 1.57% copper).
Donner Metals Ltd. is a Canadian base metals exploration and development company located in Vancouver B.C. The Company is focused on base and precious metal exploration throughout Canada. Donner's flagship project is the Matagami Project option and joint venture with Xstrata Canada Corporation
Last: 0.30Range: 0.34-0.17Market Cap: 37 million
Seafield Drills 200 Metres Grading 0.98 g/t Gold, 0.09% Cu at Dosquebradas, Quinchia Gold Project, Colombia
Seafield Resources Ltd. (TSX VENTURE:SFF)is continuing its exploration program on its Quinchia gold project in the Department of Risaralda, Colombia.
About the company
Seafield is a mineral exploration companyfocused on acquiring and advancing precious metals projects in the Americas.
Last Sale: 0.4152 Week Range: 0.15 - 0.77 Market Cap: 39.78M
Otis Hits Gold in Two of Five Targets at Dog Bone Ridge
Otis Gold Corp. (TSX VENTURE:OOO)(PINK SHEETS:OGLDF)
announce that it has intercepted a near-surface gold interval containing 9.14 m grading 1.32 g/t Au at a depth of 24.1 m to 33.2 m in hole OKC-242 located on the most northerly of five large geophysical anomalies identified by the recent CSAMT program at its Dog Bone Ridge target at the Kilgore Gold Project, Clark County, Idaho.Otis discovery hole 10 OKC-242 is located as an offset to historic Kilgore Gold hole KG-04-02 that contains 51.8 m grading 1.25 g/t Au from 112.8 m to 164.6 m. The size of this target is in excess of 1,100 metres long and 200 metres wide.
Additionally, Otis hole OKC-240, drilled to test a second 1,000 metre-long CSAMT anomaly, contains 138 metres of continuous anomalous gold mineralization. A historic Echo Bay hole, located 300 metres to the northwest of OKC-240, intercepted 3.1 m at a grade of 1.47 g/t Au at the edge of the same anomalous dike. More exploration drilling is slated on these two significant kilometer-long geophysical anomalies during the 2011 Otis drill program.
About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.
Last Sale: 0.6952 Week Range: 0.36 - 0.84 Market Cap: 19.55M
Champion Minerals Drills 123 Meters of Specular Hematite Mineralization Grading 34.1% Iron at the Fire Lake North Project
CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02)
pleased to announce assay results from diamond drill holes completed since the Fall 2010 mineral resource estimate and Preliminary Economic Assessment ("PEA") of the Fire Lake North Project in the Company's Fermont Property Holdings in northeastern Quebec.
At the West Limb designed pit area, drill hole FLN10-34 intersected 123 meters ("m") of specular hematite rich iron formation grading 34.1% Total Iron ("Fe").
Highlights
- Hole FLN11-47 intersected 85.65m grading 36.4% Iron at northern limit of current West Limb designed pit extending zone 200m north.
- Delineation drilling continues to confirm high grade nature of the specular hematite rich resources.
- Delineation drilling at both the East Limb and West Limb pit areas is revealing favourable "bowl-like" fold geometries that could increase in-pit resources and reduce strip ratios.
About Champion Minerals Inc.
Champion is an exploration and development company focused on discovering and developing significant iron ore resources in eastern Canada, particularly in the provinces of Quebec and Newfoundland & Labrador. The Company's projects include the Fermont Iron Property in Quebec, jointly held by Champion, with an 82.5% interest and Fancamp Exploration Ltd., holding a 17.5% interest, and the Attikamagen Iron Property in Quebec and Labrador, and the Powderhorn / Gullbridge Base Metal Projects in central Newfoundland.
Last Sale: 2.84 52 Week Range: 0.87 - 3.30 Market Cap: 229.08M
Fire River Gold Reports New Underground Drill Holes Results: 92.2 g/t (2.69 opt) Gold Over 3.6 m (11.8 ft) at 3000 Zone, Nixon Fork Gold Mine, Alaska
Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR)
announce results obtained from the 2010 28,000 metre drill program at the Nixon Fork Gold Mine situated in Alaska's Tintina Gold Belt. The Company has received assay results of drillholes 26 through 35 (N10U-026 - N10U-035) from the 3000 Zone.
New significant intercepts include N10U-033 returning grades of 92.2 g/t (2.69 opt) gold over 3.6 m (11.8 ft) and 33.2 g/t (0.97 opt) gold and 165 g/t (4.82 opt) silver over 1.5 m (4.9 ft) in hole N10U-028. A complete list of significant intercepts is provided in Table 1. The widths of the intercepts are approximate to the true width of the mineralized intercept.
Management of Fire River Gold continues to be encouraged with the results from the 2010 drill program, because it is exhibiting the potential to provide additional resources to the mill.
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with an experienced technical team focused on bringing its flagship project, the Nixon Fork Gold Mine, back into production in 2011. The Nixon Fork Gold Mine is a permitted and bonded mine which include a ~200 tpd processing plant with a gravity gold circuit, sulphide flotation circuit and a gold recovery system (CIL circuit) that is scheduled to be completed by Summer 2011. The mine also includes a fleet of surface & underground mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.2 km long landing strip.
Last: 0.53Range: 0.72-0.34Market Cap: 43 million
China BCT Announces Preliminary Results for the Fourth Quarter and Fiscal Year 2010
China BCT Pharmacy Group, Inc., (OTC Bulletin Board: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced selected estimated unaudited financial results for the fourth quarter and fiscal year width="10" /> of warrant liabilities and the non-cash charge of share based compensation stock of $0.6 million, is expected to be between $6.6 million and $8.1 million, or 61% to 98% higher than the prior year figure of $4.1 million.
For the year ended December 31, 2010, the Company expects net revenue to be between $192 million and $198 million, or 41% to 45% higher than full year 2009 revenue of $136.1 million. Full year 2010 net income, excluding both the non-cash gain of $0.6 million related to change in the fair value of warrant liabilities and non-cash charge of share based compensation stock of $1.3 million, is expected to be between $25.5 million to $27.5 million, or 31% to 41% higher than the prior year figure of $19.5 million.
About China BCT
China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Hefeng Pharmaceutical Co. Limited, and Guangxi Liuzhou Baicaotang Medicine Retail Limited in Guangxi province, China. It operates a large regional retail network in Guangxi province, consisting of 187 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the Company's wholesale distribution network.
Last Trade: 2.4052 Week: 4.25 – 2.11Market Cap: 91.57 Million