AGORACOM Small Cap TV - April 19th - Highlights
posted on
Apr 19, 2011 09:08AM
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 19, 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.
Fire River Gold Announces 16.7 g/t (0.49 opt) Gold and 51.2 g/t (1.49 opt) Silver Over 10.2 m (33.5 ft) At Nixon Fork Gold Mine, Alaska
Fire River Gold Corp (TSXV: FAU) (OTCQX: FVGCF) (FSE: FWR)
is pleased to announce results obtained from additional holes drilled during its 2011, 28,000 metre drill program at the Nixon Fork Gold Mine, situated in Alaska's Tintina Gold Belt. The Company has received and confirmed assay results from drillhole N11U-011 at the 3000 Zone and drillholes N11U-019; N11U-023 - N10U-031 from the 3300 Zone.
16,000 metres out of the 28,000 metre drill program has been drilled to date
The Company operates two drills continuously in the Crystal Mine. They are primarily focussed on detailing mineralized zones scheduled for the first six months of mining, beginning in June 2011. This includes filling in gaps in mineralization and extending open zones along strike and dip.
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 Summer 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: 0.48Range: 0.72-0.34Market Cap: 46.8 Million
Xmet Intersects 11.86 g/t Gold over 3.55m on Fox Zone at Duquesne-Ottoman Property: Zone Wide Open to the East
Xmet Inc. (TSXV: XME)
is pleased to report further high grade drill intercepts from the ongoing resource expansion drilling program at the Duquesne-Ottoman property. The extension of a historical drillhole DQ-03-18-ext, which had been stopped short of the Fox Zone, returned 11.86 g/t Au (10.87 g/t cut) over a 3.55m interval from a depth of 550.80m to 554.35m (figure 1).Deeper drilling on the Fox Zone in hole DO-11-23 intersected 3.04 g/t Au over 12.0m, including 5.20 g/t Au over 3.6m about 340 m vertically below hole DQ-03-18-ext.
"We are very pleased with these latest drill intercepts on the Fox Zone, as they demonstrate continuity of mineralization at depth with historical hole DQ-97-79 that returned 26.29 g/t Au over 2.7m, and may provide for additional resource expansion at Fox." stated Xmet President Charles Beaudry.
About Xmet Inc
Xmet Inc., through its wholly-owned subsidiary Duquesne-Ottoman Mines Inc. ("Duquesne-Ottoman Mines"), carries out gold resource exploration and development. Pursuant to the terms of a mining option agreement between Duquesne-Ottoman Mines and Duparquet Assets Ltd., Duquesne-Ottoman Mines can earn an option to purchase 75% of the common shares in the capital of Duparquet Assets Ltd, which legally and beneficially owns 20 claims (commonly referred to as Duquesne West) and 40 claims (commonly referred to as Ottoman) covering an area of 928.6 hectares located approximately 30 kilometres north of the city of Rouyn-Noranda and 10 kilometres east of the village of Duparquet within the townships of Duparquet and Destor in the Province of Quebec.
Last: 0.175Range: 0.38-0.15Market Cap: 9 million
Drilling Continues to Hit High Grade Copper at Tower Deposit; 3.6% Copper, 0.3g/t Gold, 1.0% Zinc, 19.5g/t Silver across 2.7m and 4.5% Copper, 0.7g/t Gold, 0.6% Zinc, 21.0g/t Silver across 3.1m
Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that fall/winter drilling on the Tower Deposit located in central Manitoba, has been completed and that drilling continues to intersect high grade VMS (copper-gold-zinc-silver) mineralization. Twenty four holes have now been completed totalling over 7500m. Drilling intersected mineralization exceeding 600m of strike and mostly to a vertical depth of 300m. Additional drilling planned after winter breakup will focus on extending the deposit along strike and below 300m vertical where bore hole geophysics indicated extensive sulphide conductivity to at least 700m vertical. Holes 14-17 are outlined below. Holes 18-24 will be reported on when received from the lab.
Highlights from the TP11-14 and TP11-17 holes are tabulated below.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral assets at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 500 km2 located within and proximal to the Snow Lake Mining Camp. The project presently includes one NI 43-101 Indicated Resource (Rail), two former VMS Mines (Spruce Point and Dickstone), one historic VMS deposit (Lon), the Tower Deposit, one former gold mine (Century Mine) and one gold deposit (C-Zone) as well as additional areas with potential for VMS (copper-rich) and gold mineralization. Rockcliff also controls precious metal properties in northern Ontario.
Last: 0.26Range: 0.44-0.11Market Cap:19.8 million
AMP Holding/AMP Electric Vehicles Signs a Definitive Agreement with a Potential Value of Over $100M for the Supply of 1000 SUV Electric Vehicles to Northern Lights Energy (NLE) of Iceland
MP Holding Inc. (OTCBB: AMPD), a company engaged in the emission-free electrification of OEM vehicles through its wholly owned subsidiary, AMP Electric Vehicles, Inc., announced today the signing of a definitive agreement with the Icelandic company Northern Lights Energy (NLE). The agreement, in fully executed form, would result in potential revenue to AMP in excess of one-hundred million ($100M) and positions AMP to be a leading supplier of electric sport utility vehicles (SUVs).
First Delivery Scheduled for May with Next Twenty Scheduled for Delivery in September
About AMP Holding Inc.
AMP was founded in 2007 by entrepreneurs who have created several hi-tech companies. Currently, the AMP team is comprised of top automotive industry veterans and business executives, as well as two key pioneers of GM's EV1 project. AMP's first all electric demonstration models were the Saturn Sky and the Chevrolet Equinox. Since its inception, AMP's unique electrification technology has proven to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world. AMP's intent is to electrify a range of OEM SUVs, and expects to announce new model additions in 2011. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.
Last Trade: 0.5052 Week: 1.05 – 0.40Market Cap: 14.77 Million
Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ:CSIQ), one of the world's largest solar companies, today announced that the Company has supplied 8 MW of solar modules to a solar power plant constructed by EOSOL Energies and the Caisse des depots et consignations in Villeneuve de Marsan, Aquitaine, France. The new solar power plant, inaugurated on April 18th is expected to provide the equivalent, in terms of production capacity, to the average annual electricity consumption of 2,500 households.
EOSOL Energies Nouvelles and the Caisse des depots et consignations, grouped under the project company "SAS SOLANDES", were inaugurating their first joint ground-mounted solar power project in Villeneuve de Marsan, located in the French department des Landes. For the new installation EOSOL is using 35,000 high-quality and high-performance Canadian Solar CS6P 230-Watt modules.
About Canadian Solar
Canadian Solar Inc. (NASDAQ:CSIQ) is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally-friendly solar solutions to support global, sustainable development.
Last Trade: 9.5552 Week: 21.48 – 8.99Market Cap: 408.22 Million