AGORACOM Small Cap TV - May 18th - Highlights
posted on
May 18, 2011 09:35AM
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 May 18th, 2011, and we’ve found 7 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.
Fjordlad Exploration Inc.: Drilling at Woodjam North (Deerhorn Zone) Intersects 207.5 m Grading 1.00g/t Gold and 0.18% Copper, Including 90 m Grading 1.90g/t Gold and 0.29% Copper
Fjordland Exploration Inc. (TSX VENTURE: FEX)
and Cariboo Rose Resources Ltd. (TSX VENTURE: CRB), 60%-40% partners in the Woodjam Joint Venture ("WJV"), report that Gold Fields Limited's (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation ("Gold Fields"), has forwarded drill results from an additional 2 holes of the 2011 drilling program on the Deerhorn Zone of the Woodjam North gold-copper property. The property is located 45 km east of Williams Lake in south-central British Columbia.
The results from these two holes continue to define and expand the mineral trend as previously outlined by holes DH09-03, DH10-04, 05, 20, 21, 23, 25, DH11-26, 27, 29 and 30. The higher-grade shoot appears to plunge moderately to the southeast and has dimensions of approximately 350 m in strike, 100 m in width and 200 m in depth and remains open. This higher grade shoot is enclosed within a much larger, lower grade envelope containing quartz (locally sheeted) with magnetite vein-hosted and disseminated chalcopyrite mineralization in potassic-altered zones of fine-grained volcaniclastic rocks with interfingering monzonitic dykes
Deerhorn Zone Drilling Highlights:
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Hole IDFrom (m)To (m) Int. (m)Au g/tCu%Au Eq g/t
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DH11-3284.0291.5207.51.000.181.32
About Fjordland Exploration Inc.
Fjordland Exploration is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Of the 28 properties Fjordland owns, the Woodjam North and Woodjam South properties (totaling 56,150 ha) are part of the Woodjam Joint Venture between Fjordland (60%) and Cariboo Rose Resources Ltd (40%); both properties are under separate option agreements to Gold Fields Horsefly Exploration Corporation.
Last: 0.16Range: 0.245-0.085Market Cap: 11.2 million
Golden Hope Announces Drill Results From the Winter Drill Campaign Including 1.40 g/t Au over 25m and 1.14 g/t Au over 22m.
Golden Hope Mines Limited GNH
report assay results from its 2011 winter gold exploration campaign on the Bellechasse gold belt in south eastern Quebec.
From November 16, 2010 to February 8, 2011 Golden Hope Mines Limited completed 11 holes totaling 3454.5 meters to further evaluate the Ascot / Road, T1 and T2 zones.
Significant intersections include;
-- 1.40 g/t Au over 25.0 metres in hole BD2011-154 (T2A Zone) -- 1.14 g/t Au over 22.0 metres in hole BD2011-156 (T1 NE Extension Zone)
These holes and results have provided the company with very important additional technical information indicating;
--The possible significant northeast extension of the T1 Zone,
currently the company's largest mineralized zone, potentially
significantly expanding the tonnage of the T1 Zone.
--Mineralization shows continuity to depths of approximately 300
metres on T2A; approximately 280 metres on T2B; and
approximately 360 metres on the possible northeast extension of
the T1 Zone.
--T2A Zone mineralization is confirmed along strike for
approximately 400 metres; true thickness ranges from 0.3m to
14.7 metres and averages approximately 4 metres.
--T2B Zone shows mineralized true thickness from 0.47 metres to
15.5 metres for an average true width of approximately 4
metres.
--All three zones remain open on strike to the northeast, to the
southwest, and to depth.
About Golden Hope Mines Limited:
Golden Hope is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is in Quebec, Canada.
Last: 0.18Range: 0.98-0.16Market Cap: 20.8million
PREMIER INTERSECTS HIGH-GRADE GOLD AT RED LAKE JOINT VENTURE PROJECT MULTIPLE INTERCEPTS INCLUDE 46.15 g/t Au ACROSS 4.5 METRES
Premier Gold Mines Limited PG
announce that follow-up drilling at the "Wilmar 2E Zone" target within the Rahill-Bonanza Project has intersected multiple high-grade gold intercepts with composite assay results as high as 46.15 grams per tonne gold (g/t Au) across 4.5 metres (m) or 1.35 ounces per short ton (oz/t) across 14.8 feet (ft). Drill hole PG11090 was drilled to test the down-plunge potential of the Wilmar 2E Zone and, when combined with drilling completed late in 2010, indicates excellent potential to define high-grade gold resources proximal to the historic Wilmar Mine.
About the company
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two are operated in joint venture with Red Lake Gold Mines. The company also owns strategic projects located in the heart of the Carlin Trend, Nevada, on the main Musselwhite Gold Mine trend, and holds a 70% interest in the Hardrock Project.
Last: 5.99Range: 8.00-4.25Market Cap: 625 million
Meritus Drills 7.00m of 16.44g Gold/Tonne At Gutain Davaa, Mongolia
Meritus Minerals Ltd MER
advises that it has now received all remaining assay results from its winter drilling program at the Toordogiin Shil Prospect Gutain Davaa, Mongolia.
In TDS054 a strongly mineralized zone of 7.00m of 16.44g Au/tonne was intersected.
A very good intersection was also obtained in the final hole (TSD057) which intersected 31.00m of 3.70g Au/tonne including 7.00m of 6.06g Au/tonne and 3.00m of 15.67g Au/tonne.
Results from all holes not previously announced are listed in the Table below.
GOLD ASSAYS FROM DIAMOND DRILLING
TOORDOGIIN SHIL PROSPECT GUTAIN DAVAA
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|HOLE|UTM |GRID |Azimuth|Angle|Hole|From|To|Width |Gold|
||||||Depth|||||
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|TSD054 |178 |291|245|50|76.00|51.00 |58.00 7.00|16.44
Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through the acquisition of base and precious metal properties.
Last: 0.08Range: 0.51-0.075Market Cap: 5.1million
Caledonia Mining Corporation ("Caledonia" or the "Corporation") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce its first quarter 2011 operating and financial results.
The financial results below are reported in Canadian dollars, except where otherwise stated.
Highlights:
--Gold production increased by 17% to 7,322 ounces compared to 6,235
ounces in the fourth quarter 2010 (Q1 2010: 3,129 ounces). Gold
production in April 2011 was 2,737 ounces.
--Average cash cost per ounce of gold produced decreased by 18% to US$648
compared to the fourth quarter 2010 (Q1 2010: US$807).
--Average achieved price per ounce of gold was US$1,397 (Q1 2010:
US$1,107).
--Gross Profit for the quarter (i.e. before depreciation, amortization and
administrative expenses) nearly doubled to $5,248,000 compared to
$2,815,000 in the fourth quarter 2010 (Q1 2010: $449,000).
--At March 31, 2011 the Corporation had net cash and cash equivalents of
$1,406,000 (December 31, 2010: $398,000).
--During the quarter Caledonia made considerable progress in removing the
remaining constraints to Blanket achieving the targeted annual
production rate.
--The 2011 drilling program commenced in March 2011 at the Konkola West
area of the Nama base metals project in Zambia.
Financial Highlights
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Condensed Consolidated Statement of Comprehensive Income
(in thousands of Canadian dollars except per share amounts)
Three months ended March 31,
20112010
$$
Revenue11,2264,458
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Gross profit5,248449
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Total comprehensive income/(loss) for the
period1,180(566)
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Earnings per share (cents)
Basic0.380.02
Diluted0.350.02
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Increase/(decrease) in cash for the period1,0721,029
Cash and cash equivalents at the start of
the period1,1451,623
Cash and cash equivalents at the end of the
period2,2172,652
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Caledonia is an African focused mining and exploration company with an operating gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa and a cobalt-copper exploration project in Zambia amongst its exploration portfolio in South Africa, Zimbabwe and Zambia .
Last Trade: 0.10152 Week: 0.176 – 0.048Market Cap: 50.52 Million
Roomlinx Reports First Quarter 2011 Results
Roomlinx, Inc. (OTCBB:RMLX), the innovative developer of hotel interactive TV applications, today announced 2011 first quarter financial performance, which reflect ongoing increased revenues and gross profits, as well as the contribution of Canadian Communications.
First Quarter of 2011 Operating Results:
Roomlinx's revenue for the first quarter of 2011 was $1,423,172. This represents a 262% improvement over first quarter 2010.
Roomlinx's gross profit for the first quarter of 2011 was $462,031. This represents a 197% improvement over first quarter 2010 and is primarily due to the increased sales mentioned above.
Net loss for the first quarter of 2011 was $539,177, compared to a net loss of $376,236 for the first quarter of 2010.
Roomlinx is a leading provider of Interactive TV applications and premium media and entertainment content for hotels, resorts, and timeshare properties. For more information about Roomlinx, visit www.roomlinx.com.
Last Trade: 1.9552 Week: 5.00 – 0.03Market Cap: 9.79 Million
ForeverGreen Sees Increasing Growth in Monthly Revenues
ForeverGreen Worldwide Corporation (OTCBB: FVRG), www.forevergreen.org, a leading provider of nutritional foods and other healthy products, announced today its revenue growth is continuing to accelerate.
April revenues ($1.15 million) exceeded March revenues by 7.2%. The growth is coming both in the US and Canada and from a variety of international regions including growth in Australia, New Zealand, Asia and Latin America.
ForeverGreen is a company that stakes its future on timeless principles of health and humanity, and then trusting in the results.
ForeverGreen is an opportunity; a way of being. Whether we are young, middle-aged or older, like the evergreen tree, ForeverGreen is about embracing every second of every season of our lives in a way that today’s ceiling is tomorrow’s ground floor. Always green. Always growing! ForeverGreen is truth.
Last Trade: 0.3252 Week: 0.40 – 0.26Market Cap: 4.77 Million