Message: AGORACOM Small Cap TV - April 13th - Highlights
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 April 13, 2011, and we’ve found 6 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.
VMS Ventures Discovers High Grade Copper Zone Near Surface: 9.81% Copper Over 1.37m Within 6.59m of 2.25% Copper in Hole RE-11-001 at Its 100% Owned Cowan River Property, Snow Lake, Manitoba
VMS Ventures Inc. (TSX VENTURE:VMS)
is pleased to announce initial drill results for base metal targets on its Cowan River project near Snow Lake. The Cowan River property is located 7.5 km east of the Company's Reed Lake copper-zinc deposit and 8.1 km west of the past-producing Spruce Point deposit and 1.5 km south of provincial road 39
At Cowan River, airborne geophysical targets (VTEM) were tested by five drill holes totaling 1,500 metres. Hole RE-11-001 intersected 6.59 metres of 2.25% copper and 0.61% zinc including 1.37 metres of 9.81% copper and 1.46% zinc in near solid and disseminated sulphide within chloritized basalt. The intersection occurred approximately 75 metres vertically from surface.
About VMS Ventures Inc:
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.
Last Sale: 0.64 52 Week Range: 0.20 - 0.85 Market Cap: 73.23M
Eurasian Minerals Identifies Additional Drill Defined Zones Including 31.5 Meters of 1.22% Copper and 15.1 g/t Silver at the Golcuk Property in Turkey
Eurasian Minerals Inc. (TSX VENTURE:EMX)
is pleased to announce results from the Golcuk property that include recent assays of previously un-sampled core from earlier programs that expanded the drill defined copper-silver zones. In addition, EMX has identified three new targets defined by copper-in-soil anomalies (i.e., greater than 100 ppm) and reconnaissance rock samples that include assays of 4.28% copper and 16.5 g/t silver.
Highlights
TGSJ-831.5M of 1.22% Cu and 15.1 g/t Ag
These new targets demonstrate the presence of copper mineralization up to several kilometers from the original area of focus, and underscore the limited nature of previous exploration and broader potential of the property. The Company is considering joint venture opportunities on the property given the upside exploration potential highlighted by these new results.
About the company
EMX is building shareholder value with precious and base metals exploration programs in some of the world's most promising, yet under-explored frontier regions. Eurasian is aggressively adding high quality properties to its portfolios in Turkey, Europe, the Kyrgyz Republic, Austral - East Asia, United States, and Haiti. The Company is well funded and strategically positioned to fully participate in the current favorable investment climate through solid technical advances, unique in-country expertise, and timely business initiatives.
Last Sale: 3.31 52 Week Range: 1.68 - 3.88 Market Cap: 123.43M
SilverCrest Santa Elena Mine Commissioning Phase Update Silver and Gold Sales Reported
SilverCrest Mines Inc. (TSX VENTURE:SVL)
is pleased to report on start-up production and commissioning phase activities at its 100% owned Santa Elena mine located in Sonora, Mexico. Based on revised reserve estimates, mine plan and leach cycle, the open pit mine is expected to produce approximately 800,000 ounces of silver and 30,000 ounces of gold per full year of production at an estimated life of mine cash cost of US$8 per ounce of silver equivalent using a 55:1 Ag:Au ratio on a recovered ounce basis.
Based on start-up production for the first quarter and assuming Commercial Production (near design capacity and steady-state) is achieved by June, the mine is expected to produce approximately 430,000 ounces of silver and 26,000 ounces of gold for 2011. The most significant commissioning activities completed to December 31, 2010 and March 31, 2011 are outlined below. For more information and to view production photos, please visit the Company's website at www.silvercrestmines.com.
Commissioning Phase Highlights: September 9, 2010 to March 31, 2011
·Ore tonnes crushed 555,000
·Waste tonnes mined 1,099,390
·Ave. strip ratio (W:O) 2:1
·Ave. mined ore grade 40.0 gpt Ag, 0.81 gpt Au
·Ore tonnes to leach 555,000
·Ounces to leach 597,500 Ag, 14,940 Au
·Ounces poured to dore 119,598 Ag, 5,292 Au
·Ounces sold 85,064 Ag, 3,266 Au
·Gross proceeds US$5,348,000
SilverCrest Mines Inc. (TSX VENTURE:SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should produce an average of approximately 800,000 ounces of silver and 30,000 ounces of gold per full production year from the open-pit heap leach operation.
Everton Reports Additional Results From La Lechoza Including 11.26 g/t Au and 235 g/t Ag, 0.76% Cu, 6.99% Zn, 1.05% Pb Over 1.50 Metres and a Deep Drilling Update From Ampliacion Pueblo Viejo
Everton Resources Inc., ("Everton") (TSX VENTURE:EVR)(FRANKFURT:ERV)
is pleased to report additional results from the La Lechoza prospect at the Ampliación Pueblo Viejo concession, immediately adjacent to Barrick/Goldcorp's Pueblo Viejo gold deposit in the Dominican Republic.
Highlights include in drill hole APV11-30: 10.50 m at 2.29 g/t Au, 65 g/t Ag, 0.64% Cu and 3.43% Zn, including 1.50 m at 11.26 g/t Au, 235 g/t Ag, 0.76% Cu, 6.99% Zn and 1.05% Pb.
"The latest La Lechoza numbers continue to prove the value of our strategy to focus our exploration and discovery operations exclusively on Ampliacion Pueblo Viejo," said Andre Audet, President and CEO of Everton Resources Inc.
Everton
Everton and Brigus Gold Corp hold 50-50% interests in the Ampliacion Pueblo Viejo ("APV") and Loma El Mate projects, which are managed by Everton and are contiguous with Barrick's and Goldcorp's US$3 billion Pueblo Viejo gold project. Everton has the right to earn an additional 20% interest in each of the projects by investing further. Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliación Pueblo Viejo project.
Last Sale: 0.38 52 Week Range: 0.18 - 0.41 Market Cap: 38.91M
GALWAY INTERSECTS 76.0 METERS OF 3.3 GRAMS PER TONNE GOLD AND PROVIDES AN UPDATE ON PROGRESS TO DATE
Galway Resources Ltd. (TSXV: GWY)
is pleased to announce assay results from eight additional drill holes from its diamond drill exploration program on the Company's California property in Colombia.
Galway's California property, which is not subject to development restrictions associated with Páramo legislation, is located adjacent to, along strike southwest of, and at lower elevations than Ventana's La Bodega/La Mascota project, and 3 km from Greystar's Angostura project. Galway also owns a previously-reported 360 meter-long fractional land position within Ventana's main La Mascota mineralized structure (refer to Galway's December 15, 2010 press release). Ventana has been acquired by AUX Canada, a company owned by Mr. Eike Batista, for in excess of $1.5 billion in cash.
Two of the new holes Galway is reporting, GWY-91 and GWY-89, were drilled in the Pie de Gallo Zone, with GWY-91 returning 76.0 meters grading 3.3 grams per tonne gold (g/t Au) including 2.0 meters of 46.5 g/t and 8.0 meters of 10.2 g/t Au. This intersection appears to correlate well with 38.5 meters grading 2.5 g/t Au from hole GWY-02, and is located 40 meters below the intersection in GWY-89.
"The continued positive drilling results from the main mineralized corridor, which is 1.2 kilometers in length, will help for the preparation of a resource report when sufficient drill density for a resource estimate is completed," cites Robert Hinchcliffe, President and CEO of Galway Resources.
About the Company
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. The core focus of the Company is gold exploration in northeast Colombia, with drill programs occurring at the California and Vetas gold projects. The Company has also reported that drilling occurred in 2010 at the GALCA coal project, which is being managed and funded by Prodeco, the Colombian subsidiary of Glencore. Efforts are underway to secure access from GALCA property owners to move the drill rig to the next set of planned drill sites.
Last: 1.17Range: 1.44- 0.63Market Cap: 90.2 Million
Revolution Expands Jones-Keystone Discovery: Intersects 104.0 meters averaging 1.27 g/t Au, including 40.0m of 2.33 g/t Au at Champion Hills Project, North Carolina
Revolution Resources Corp. (TSX: RV)
is pleased to announce drill results from the historic Jones-Keystone mine located at its Champion Hills Project in the Carolina Slate Belt, North Carolina. The gold bearing structure remains open for expansion along strike in both directions and at depth, with a significant gold mineralized system now confirmed.
Drilling is currently underway on the Company's Silver Hill, Silver Valley and Hoover Hill historic mines on the Champion Hills trend.
Drill hole JK11-17 encountered 104.0 meters averaging 1.27 g/t Au with a higher grade interval of 40.0 meters averaging 2.33 g/t Au. This hole is located on the northeast end of the main structure at Jones-Keystone, which has been traced through drilling along 750 meters of strike length. This structural area is covered by numerous shallow open pit mine workings and located along the same structural corridor as the Loflin Prospect, located 2,700 meters to the west.
About Revolution
Revolution's exploration program at Champion Hills is performed under the supervision of Robert McLeod, P.Geo, a Director of Revolution and a Qualified Person as defined by NI 43-101. Drill cores are cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Reno, Nevada. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs has been implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.
Last: 0.77Range: 0.88-0.24Market Cap: 32.59 Million
Iteris Awarded $1.3 Million Contract to Provide Traffic Engineering and Planning Manuals for Abu Dhabi's Department of Transport
Iteris, Inc. (NYSE Amex: ITI), a leader in traffic management focused on the development and application of advanced technologies, has been selected to help develop uniform and standardized engineering and planning manuals, guidelines, and procedures for use by the Abu Dhabi Department of Transport (Abu Dhabi DOT). Work on the project is expected to begin immediately.
Iteris will work with the Abu Dhabi DOT to develop manuals, guidelines, and procedures tailored to the particular needs of the Emirate based on best practices from around the world. Iteris teamed with TrafQuest, whom they had worked with to develop an Intelligent Transportation System (ITS) Strategy and Action Plan for the Abu Dhabi DOT, including the development of an ITS Architecture. The joint contract is valued at approximately $1.3 million for Iteris.
The Two-Year Contract Reflects Iteris' Growing Commitment to the Middle East Region
About Iteris
Iteris, Inc. (NYSE Amex: ITI) is a leader in traffic management focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure. Combining outdoor image processing, traffic engineering, and information technology
Last Trade: 1.48152 Week; 2.25 – 1.25Market Cap: 50.65 Million
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