AGORACOM Small Cap TV - May 19th - Highlights
posted on
May 19, 2011 10:28AM
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 19th, 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.
Extreme Biodiesel Selected to Produce Biodiesel for Two Major Supermarkets
(OTCBB:BRKM)
through its wholly owned subsidiary, Extreme Biodiesel, has been selected to produce biodiesel for two major supermarkets. The preliminary agreements are that, on an ongoing basis, Extreme Biodiesel will collect and deliver the supermarkets' waste vegetable oil to Extreme's Corona facility for a delivery collection charge. Extreme will be paid to toll process the oil into biodiesel for a tolling fee and a second delivery fee for the biodiesel. The supermarkets intend to use Extreme Biodiesel in their tractor trailers and for the diesel generator refrigeration units.
BookMerge Technology CEO Rick Carter commented, "The large chain supermarkets are starting to understand the numerous benefits of using biodiesel by eliminating harmful emissions, reducing fuel costs, increasing longevity of the diesel engine life as well as converting the prior cost of disposing waste oil into a viable asset. We will continue to educate the supermarket industry and are happy to be their partners in toll processing their oil into clean biodiesel."
About BookMerge Technology, Inc. (OTCBB:BRKM)
BookMerge Technology is an alternative fuel and recycling company. The company's mission is to provide a cost effective, high quality alternative diesel fuel, create Green Jobs, reduce the environmental impact of fossil fuels and diminish U.S. reliance on foreign oil. BookMerge Technology acquired Extreme Green Technologies, dba Extreme Biodiesel to fulfill that mission. Extreme Biodiesel is a fully licensed and permitted Biodiesel producer operating in Corona, Ca. Our facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant brown grease recycling service.
Last: 0.12Range: 0.22-0.06Market Cap: 12.3 million
Fire River Gold Releases Additional High Grade Results and Explains the Significance to the Mining Program
Fire River Gold Corp FAU
FAU: TSX.V FVGCF: OTCQX FWR: FSE
pleased to announce additional high grade gold intercepts arising from its drill program at the Nixon Fork Mine, Alaska:
Length |
Au Grade |
Ag Grade |
||||||||
Hole Number |
Location (Zone - mASL) |
From m |
To m |
m | ft | g/t | opt | g/t | opt | Cu % |
N11U-035 | 3300-383 | 14.9 | 22.6 | 7.7 | 25.2 | 24.0 | 0.70 | 24.7 | 0.72 | 2.37 |
N11U-036 | 3300-220 | 17.7 | 24.9 | 7.2 | 23.6 | 146.4 | 4.27 | 21.5 | 0.63 | 1.27 |
N11U-037 |
3300-383 and |
4.0 20.5 |
7.0 21.6 |
3.1 1.1 |
10.0 3.7 |
8.0 5.1 |
0.23 0.15 |
8.0 35.0 |
0.23 1.02 |
0.01 0.08 |
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: 0.445Range: 0.72-0.034Market Cap; 43.9 million
ANACONDA MINING REPORTS RECORD GOLD PRODUCTION AT PINE COVE: 344.2 TROY OUNCES IN A SINGLE POUR
Anaconda Mining Inc ANX
announce that, on May 4, 2011, it shipped a record amount of gold, 344.2 troy ounces, in a single pour at its Pine Cove gold mine ("Pine Cove"). The production was during an approximately 7-day period from April 25th through May 1st. In addition, overall recovery rates at the Pine Cove mill continue to improve. In the press release dated May 2, 2011, Anaconda reported that overall recovery had reached the low to mid 70% range. During the period from May 1st through May 15th, overall mill recovery was approximately 80%.
President and CEO, Dustin Angelo, stated, "Following up the record shipments in April with our largest single gold pour in the first week of May demonstrates the continued progress at Pine Cove. Ore throughput capacity has been very consistent at 950 to 1,000 tonnes per day for several weeks and now the overall mill recovery rate is reaching anticipated levels. At this rate, we expect May's shipments to exceed April's volume."
ABOUT ANACONDA
Headquartered in Toronto, Canada, Anaconda is a mining and exploration company focused on operating the Pine Cove gold mine located on the Baie Verte Peninsula in Newfoundland, Canada and advancing the exploration and development of its iron ore portfolio in Chile with its joint venture partner, Inversiones SBX Limitada.
Last: $0.085 Range: 0.34-0.065Market Cap: 14.6 million
Drilling Intersects 453.2 metres averaging 0.72 g/t Gold, 3.2 g/t Silver and 0.12% Copper at Raintree West Prospect, Whistler Project, Alaska
Kiska Metals Corp KSK
reports that recent drilling has substantially extended and broadened mineralization at the Raintree West Prospect, located 1.2 kilometres east of the multi-million ounce Whistler Deposit. Hole WH10-30 intersected 453.2 metres averaging 0.72 g/t Au, 3.2 g/t Ag, 0.12% Cu, 0.04% Pb, and 0.31% Zn (1.01 g/t gold equivalent*), including 328.6 metres averaging 0.93 g/t Au, 3.7 g/t Ag, 0.16% Cu, 0.04% Pb, and 0.36% Zn (1.31 g/t gold equivalent). Four holes were completed on two sections 100 and 200 metres north of the discovery section to follow up a 2009 intersection of 97.2 metres averaging 0.61 g/t gold, 6.9 g/t silver, 0.16% copper, 0.24% lead and 0.59% zinc (1.04 g/t gold-equivalent) at the bottom of hole WH09-002. These new results indicate that the grades of the Raintree West porphyry system improve to the north and it remains open to expansion to the north, west, south and at depth.
About Kiska Metals Corporation
Kiska Metals Corporation is a mineral exploration company focused on advancing the Whistler Project, Alaska, which includes a multi-million ounce gold-copper resource and excellent exploration potential.Kiska has renowned technical expertise and a quality exploration portfolio with numerous early stage exploration opportunities around the world, some held in partnership with a selection of the world's largest and most successful gold and base metal producers.
Last; 0.75Range: 1.74-0.66Market Cap: 74 .4 million
GALWAY HITS 50.0 M OF 8.3 G/T, INCLUDING 29.0 M OF 13.6 G/T GOLD
Galway Resources Ltd GWY
announce assay results from six additional drill holes from its diamond drill exploration program on the Company's California property in Colombia. Hole GWY-104 has returned 50.0 meters of 8.3 grams per tonne gold (g/t Au), including 29.0 m of 13.6 g/t Au, located 30 meters below an intersection of 36.0 m of 8.4 g/t Au (hole GWY-99) and 70.0 m along strike from 16.0 m of 10.9 g/t Au (hole GWY-103).
About The Company
Galway Resources is a well-capitalized company, primarily focused on the exploration of gold and coal 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 also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. A positive scoping study was completed by SRK in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted management to reassess strategic alternatives to advance the Victorio project.
Last: 1.18Range: 1.52-0.63Market Cap: 101.2 million
Cadillac Intersects 33.40 Feet of 1.42% Cu at Depth at Thierry
Cadillac Ventures Inc CDC
is pleased to provide assay results for the CV-11-02 and CV-11-03 deep holes successfully drilled into the "tooth" at depth at Thierry, including 2.12% Cu over 8.2 feet in CV-11-03.
Both drillholes encountered the mineralization at depth as predicted by the model. Assay values obtained include;
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Hole #From (ft)To (ft)Length (ft)Cu %
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CV-11-033403.203436.6033.401.42
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About Cadillac
Cadillac's Thierry Mine project has a measured and indicated mineral resource of 6.2 million tonnes at a grade of 1.92% Cu, and an additional inferred mineral resource of 8.2 million tonnes at a grade of 1.79% Cu (see the Company's 43-101 compliant report entitled "Technical Report and Updated Resource Estimate on the Thierry CU-NI-PGE Mine Property, Pickle Lake Area, Patricia Mining District, North-Western Ontario, Canada" dated July 2010 and filed on Sedar). In addition the resource includes Nickel, Silver, Gold, Platinum and Palladium.
Last: 0.17Range: 0.34-0.13Market Cap: 17.3 million