AGORACOM Small Cap TV - March 24th - Highlights
posted on
Mar 24, 2011 09:53AM
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 24th, 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.
Corex Drills 161.5 m of 1.04 g/t Au Including 53.4 m of 1.67 g/t Au and 24.1 m of 3.38 g/t Au at Santana Property, Sonora State, Mexico
Corex Gold Corp. (the "Company") (TSX VENTURE:CGE)
is pleased to report continued exploration success achieved through the 20,000 meter 2011 drill program on its Santana Property, Sonora State, Mexico. Step out and down dip holes were collared in the Nicho Zone. These new holes have encountered significant mineralization, including 161.5 m of 1.04 g/t Au including 53.4 m of 1.67 g/t Au and 24.1m of 3.38 g/t Au from hole S11-101D.
Some Drill Highlights Include:
* S11-101D 161.5 m of 1.04 g/t Au, including 53.4 m of 1.67 g/t Au including 24.1 m of 3.38 g/t Au.
* S11-099D 170.8 m of 0.51 g/t Au, including 9.7 m of 1.36 g/t Au and 25.3 m 0.89 g/t Au.
* S11-102D 26.7 m of 1.46 g/t Au, 14.4 m of 1.07 g/t Au including 7.0 m of 2.01 g/t Au and 56.4 m of 0.84 g/t Au including 9.3 m of 2.39 g/t Au.
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on the acquisition, exploration, and development of precious metal deposits in Mexico. Corex is currently developing its flagship property, the Santana Project, which is a new gold discovery in Sonora, Mexico. In addition, Goldcorp Inc. has implemented an on-going exploration program on Corex's 100% owned Zuloaga property in Zacatecas, Mexico.
Last Sale: 0.6452 Week Range: 0.41 - 0.94 Market Cap: 25.70M
Colossus Minerals Drills 7.81 Metres at 136.43 g/t Gold, 249.20 g/t Platinum and 121.40 g/t Palladium in Extensions of Central Mineralized Zone at Serra Pelada, Brazil
Colossus Minerals Inc.(TSX:CSI)
today announced that it has encountered additional high-grade mineralization in initial results from a new 25,000 metre surface drill program at the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP Joint Venture located in Para State, Brazil.
HIGHLIGHTS
* SPD-095 intersected three high grade subzones in the Central Mineralized Zone ("CMZ"), including:
1.80 metres at 63.83 g/t gold, 3.37 g/t platinum and 3.92 g/t palladium
6.93 metres at 59.66 g/t gold, 70.68 g/t platinum and 45.95 g/t palladium
7.81 metres at 136.43 g/t gold, 294.20 g/t platinum and 121.40 g/t palladium
* The latter two subzones exhibit the highest grades of platinum so far encountered in Colossus drilling at the Serra Pelada Project and are open to the northeast and southwest
* SPD-086A extends the GT zone 75 metres to the northeast toward the Western Zone and also exhibits high platinum grades and a high platinum/palladium ratio, including 1.50 metres at 22.25 g/t platinum plus 1.34 g/t palladium
·SPD-089 included 14.00 g/t gold over 1.14 metres approximate true thickness and demonstrated a lateral strike of approximately 15 metres for the high grade core of the Portal Zone in its vicinity.
About Colossus:
Colossus is a development-stage mining company focused on bringing into production the high-grade gold-platinum-palladium Serra Pelada project, located in the mineral prolific Carajas region in Para State, Brazil. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history.
Last Sale: 8.33 52 Week Range: 6.21 - 9.87 Market Cap: 815.39M
Orvana Provides Update from El Valle-Boinas/Carles Mine, Northern Spain, Including Drill Results of 10m of 10 g/t Gold and 3m of 14 g/t Au
Orvana Minerals Corp. (TSX:ORV)
provide a development and exploration update as well as drill results from deposits at the El Valle-Boinás/Carlés ("EVBC") gold-copper mine in northern Spain.
Drill highlights
A1071001 - 10m of 10 g/t Gold and
A1071002 - 3m of 14 g/t Au
The drilling is a part of a planned program that commenced in September, 2010. The results reported herein are from A107, a subvertical structure, and its intersection with the San Martín subhorizontal skarn body as well as the Boinás Este skarn. Drilling in A107 and San Martin was for stope definition and dewatering purposes and in Boinás Este for upgrade of resources. Results are summarized in the table below.
About Orvana
Orvana Minerals is a gold producer with a strong balance sheet and is transforming itself into a multi-mine gold and copper producer. Orvana's primary asset is the El Valle/Boinás-Carlés ("EVBC") gold-copper project in northern Spain, which is expected to be in production early in 2011. Orvana owns and operates the Don Mario gold mine in Bolivia where construction is complete on the leaching-precipitation-flotation ("LPF") plant to process its fully permitted copper-gold-silver Upper Mineralized Zone ("UMZ") deposit. Start-up and commissioning is in progress.
Last Sale: 3.08 52 Week Range: 1.03 - 3.97 Market Cap: 358.98M
Crocodile Gold Corp. Announces Closing of C$85 Million Bought Deal Financing
Crocodile Gold Corp. (TSX:CRK)
announced today that it has closed its previously announced bought deal offering (the "Offering") of 81,000,000 units (the "Units") of the Company at a price of C$1.05 per unit, for aggregate gross proceeds of C$85,050,000. Each Unit consists of one common share (a "Unit Share") of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of C$2.25 until March 24, 2016.
About Crocodile Gold
Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,700 km². Crocodile Gold is currently mining from the Howley open pit mine and the Brocks Creek underground mine, with production to shortly begin at the Princess Louise open pit mine. The Company is currently developing the Cosmo underground mine. Ore is processed at the 2.4 million tonne per year Union Reef's Mill. Crocodile Gold has 3.4 million ounces of NI 43-101 compliant measured and indicated resources (52 million tonnes at an average grade of 2.0 g/t gold) and 2.1 million ounces of inferred resources (35 million tonnes at an average grade of 1.9 g/t gold)
Last Sale: 0.94 52 Week Range: 0.89 - 1.85 Market Cap: 215.04M
TYHEE DRILLS 8.2 METRES OF 12.46 GRAMS OF GOLD PER TONNE AT THE YELLOWKNIFE GOLD PROJECT, NWT CANADA.
TSX Venture: TDC
announce that diamond drilling continues to expand the Main Zone at Clan Lake.In addition a second drill is completing infill drilling at the Ormsby Zone, providing more details in an area where only limited reserves had been defined in the positive Preliminary Feasibility Study released July 2010.
"The results from the Clan Lake Main Zone continue to be encouraging" reports Dr. Webb, President and CEO."Gold mineralization continues to be developed to the east of the established resource and the company is testing its width at this point.The drill results include 13.0 metres (m) of 0.72 grams per tonne (gpt) gold in CL188, 8.0 m of 0.79 gpt gold including 2.0 m of 2.34 gpt gold in CL189.
To the north the entire volcanic pile hosts mineralization for a further 450 metres.Drill results include 41.0 m of 2.66 gpt gold including 8.2 m of 12.46 gpt gold in NDM565, 3.0 m of 3.72 got in NDM562 and 6.3 m of 1.87 gpt gold including 4.3 m of 2.40 gpt gold in NDM 563."
About the company
Tyhee Gold Corp. is actively moving its wholly-owned Yellowknife Gold Project towards production with a defined resource of 2 million ounces of gold in its Measured and Indicated categories and including a Proven and Probable Reserve of over 800,000 ounces of gold. A positive Preliminary Feasibility Study has been completed and applications to construct and operate a 3,000 tonne per day mine and mill complex have been submitted to regulatory authorities. Tyhee is moving towards the final stages of this review process with the submission of the environmental assessment study to occur within the next two months.
Last: 0.17Range: 0.255-0.07Market Cap: 47.6 million