AGORACOM Small Cap TV - April 28th - Highlights
posted on
Apr 28, 2011 08:50AM
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 28th, 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.
Knick Exploration Inc. Announces 6.1G/T GOLD OVER 6.7M (0.18oz/ton gold over 22.0 ft) on EAST-WEST PROPERTY
Knick Resources Inc KNX
Val-d'Or, Quebec, April 28, 2011 - Knick Exploration Inc. (TSX-V: KNX) ("Knick Exploration" or "the Company") is pleased to announce that drill hole EW-11-30 on the Raven Gold Zone returned 6.1g/t gold over 6.7m (0.18oz/ton gold over 22.0 ft), down hole intercept from 73.60 to 80.30m. The 6.1g/t over 6.7m intercept represents an intersection of quartz veining and altered host rock. Sections within this intercept as well as other assays will be posted on the web site. http://www.knick.ca/projects/eastwest/ The 6.1g/t over 6.7m intersection is part of a gold shoot on the western wing of the Raven Gold Zone.
Preliminary assay results in conjunction with Knicks previous work suggests gold enrichment as sub-vertical shoots within the Raven Gold Zone. The western wings shoot includes 8.5g/t at surface, 4.98g/t over 2.25m at 17m vertical in hole EW-11-05 and 6.1g/t over 6.7m at 55m vertical in hole EW-11-30. Intercepts are down hole widths.
About the company
Knick Exploration is focused on identifying new gold deposits in one of the world’s richest mining regions, the Abitibi Gold District. The Company is headquartered in Val-d’Or, Quebec, Canada and is listed on the Toronto Venture Exchange,
Last: 0.21Range: 0.43-0.15Market Cap: 6.3 million
Salazar Cuts 21.43 Meters of 4.01 g/t Gold & 3.23% Copper in Curipamba
Salazar Resources Ltd. (TSX VENTURE: SRL)(FRANKFURT: CCG)
is pleased to report the latest assay results from the ongoing diamond drilling program on its 100% owned (30,327 ha), precious metals' rich Curipamba volcanogenic massive sulphide project in Ecuador.
Hole 104 intersected an impressive 21.43 meters of high grade mineralization grading 4.01 g/t gold, 34.42 g/t silver, 3.23% copper and 1.47% zinc (Table 1). This was an infill hole between high grade copper-gold intersections in holes 39 and 56, and is one of number of holes planned to be drilled in a highly prospective area of the deposit containing copper and gold-rich mineralization (Figure 1). This area measures approximately 300 X 125 meters and may increase in size with drilling. Salazar currently has two drills delineating and extending the deposit.
About Salazar Resources: Salazar Resources Ltd. is a publicly-listed (TSX VENTURE: SRL)(FRANKFURT: CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador. Being an Ecuadorian based company gives the company a strategic advantage enabling the company to complete exploration at a rapid pace. With an excellent property portfolio (3 projects- 42,900 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.
Last: 0.97Range: 1.60-0.74Market Cap: 38.7 million
Fire River Gold Announces 41.0 g/t (1.20 opt) Gold and 33.8 g/t (0.99 opt) Silver Over 9.0 m (29.5 ft) At Nixon Fork Gold Mine, Alaska
FAU: TSX.V FVGCF: OTCQX FWR: FSE
Fire River Gold Corp (TSXV: FAU) (OTCQX: FVGCF) (FSE: FWR) ("FAU" or the "Company") 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 drill holes N11U-033 to N11U-034 at the 3300 Zone. A complete list of the all the 2011 intercepts are provided in Table 1. The widths of the intercepts are approximate to the true width of the mineralized intercept. The latest holes target the down dip extension of the 3300 zone.
--41.0 g/t (1.20 opt) gold and 33.8 g/t (0.99 opt) silver over
9.0 m (29.4 ft) in hole N11U-033
--26.35 g/t(0.77 opt) gold over 13.1 m (43.0 ft) in hole
N11U-034
--including 170.0 g/t (4.86 opt) gold over 0.4 m (1.21 ft)
--including 394.0 g/t (11.49 opt) gold over 0.4 m (1.21 ft)
The Company is presently operating 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.
Nixon Fork Gold Mine
The Nixon Fork Gold Mine was acquired in September 2009. From 1995 - 2007, the project produced approximately 175,000 ounces of gold at an average grade of 39 grams per ton (1.14 opt). The mining and processing facilities at Nixon Fork are permitted and bonded. The deposit is a gold-rich copper silver skarn typical of other skarn systems found throughout the world. At Nixon Fork, the higher grades are found in steeply plunging pipe-like bodies that are oxidized to depths of up to 350 meters below the surface. Oxidization of the system has resulted both in secondary copper and gold, with high grades and a "nuggety" distribution.
Last: 0.50Range: 0.72-0.34Market Cap: 48.9 million
China ACM Announces $3.9 Million in New High Speed Rail Contracts; Brings All 25 of 25 Portable Plants Under Contract
hina Advanced Construction Materials Group, Inc. (NASDAQ:CADC - News) ("China ACM"), a leading provider of eco-friendly ready mix concrete and related technical services in China, today announced it has been awarded two high-speed rail (HSR) contracts valued at $3.9 million. The Company's Manufacturing Services Division 25 portable plants are now all under contract.
The contracts were awarded to the Company's Manufacturing Services business segment and are being fulfilled with premium ready-mix concrete (RMC) from its portable plants. This division reported a gross margin of 31 percent for the quarter ended Dec. 31, 2010 compared with its blended gross margin of 19 percent.
About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.
Last Trade: 2.9952 Week: 5.39 – 2.95Market Cap: 53.04 Million