AGORACOM Small Cap TV - June 9th - Highlights
posted on
Jun 09, 2011 09:07AM
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 June 9th, 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.
Duluth Metals Announces 34.5 feet at 2.82% CuEq from Twin Metals New Drilling Results
DULUTH METALS LTD US FUNDS DM.U
pleased to announce assay results for 15 holes drilled on the Nokomis Deposit, one of four qualified resources on the Twin Metals Project in northeastern Minnesota. Drilling results continue as expected, with highlights showing higher grade assays from the Eastern, Central and Western Area higher grade zones, as well as two above average holes (Mex-208, 209) approximately 300 metres north-west of the Eastern Area. Four holes (Mex-197, 199, 201, 203) drilled outside of the Central Area, together with Mex-208 and 209 drilled outside the Eastern Area, confirm expansion to the previously released higher grade areas.
In and outside the Eastern Higher Grade area, drilling highlights include:
-Mex-210 returned 94.5 feet of 0.708% copper, 0.219% nickel, 3.0 g/t
silver and 1.145 grams per tonne (g/t) Total Precious Metals (TPM
= Platinum+Palladium+Gold) (Cu Equivalent* of 1.82%),
including a 59.5 foot section of 0.895% copper, 0.282% nickel, 3.6
g/t silver and 1.510 g/t TPM (Cu Equivalent* of 2.34%), as well as
a 34.5 foot section of 1.054% copper, 0.341% nickel, 4.3 g/t silver
and 1.887 g/t TPM (Cu Equivalent* of 2.82%).
About Duluth Metals Limited
Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota.
Last: 2.15Range: 3.26-1.20Market Cap: 269 million
Avion Intersects 2.80 g/t Au Over 53.7 Metres and 11.48 g/t Au Over 32.0 Metres
Avion Gold Corp AVR
Extends Vindaloo Zone by 190% at Its Hounde Project in Burkina Faso
Hounde Exploration Budget Doubled to US$6 Million
pleased to announce the results of drilling carried out over the Vindaloo area, Hounde Project, Burkina Faso to date during its 2011 exploration program. This work has been successful in tracing the Vindaloo zone mineralization both north and south of the previously reported Vindaloo zone. The strike length has increased from 1,200 metres to a distance of 2,300 metres. This mineralized trend is still open to the north and south. Additional mineralization was intersected at the Koho zone, located 350 metres east, the Madras zone, located 300 metres west and the Madras NW zone located 600 metres west, of the Vindaloo zone trend. Highlights of the current drill program include the following intercepts:
--2.80 g/t Au over 53.7 metres at Vindaloo zone
--3.25 g/t Au over 11.0 metres at Vindaloo zone
--3.88 g/t Au over 11.0 metres at Vindaloo zone
--8.16 g/t Au over 8.9 metres at Vindaloo zone
--3.74 g/t Au over 16.0 metres at Vindaloo zone
--5.98 g/t Au over 22.0 metres at Vindaloo zone
--11.48 g/t Au over 32.0 metres at Vindaloo zone
--3.15 g/t Au over 21.0 metres at Vindaloo zone
--5.34 g/t Au over 7.2 metres at Vindaloo zone
--0.46 g/t Au over 111.0 metres at Koho zone
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure.
Last: 1.48Range: 2.08-0.42Market Cap: 601 million
Trade Winds Intersects 4.37 g/t gold over 15 metres on Block A
Trade Winds Ventures Inc TWD
Vancouver, British Columbia CANADA, June 09, 2011 /FSC/ - Trade Winds Ventures Inc. (TSX - VX: TWD, FWB: TVR), is pleased to announce additional drilling results on the Block A Joint Venture project (50% Trade Winds / 50% Detour Gold), located adjacent to Detour Gold's Detour Lake gold project in northeastern Ontario. The 2011 drilling program of 69 drill holes totalling 29,756.5 metres was completed on May 2, 2011. Trade Winds is the operator of the Joint Venture exploration program.
Trade Winds Intersects 4.37 g/t gold over 15 metres on Block A
* 4.37 g/t Au over 15.0 m and 1.86 g/t Au over 9.0 m in Hanging Wall
* 1.89 g/t Au over 7.6 m and 1.24 g/t Au over 7.0 m in M Zone
* 1.44 g/t Au over 10.0 m and 1.02 g/t Au over 15.0 m in Foot Wall
* Exceptional gold intercepts of 127.0 g/t over 0.3 m and 53.1 g/t over 1.0 m in hanging wall, 46.5 g/t over 1.0 m in M Zone and 113.0 g/t over 1.0 m in footwall
ABOUT TRADE WINDS VENTURES INC.
Trade Winds Ventures Inc. has been named to the 2011 TSX Venture 50, a ranking of strong performing companies listed on TSX Venture Exchange. The 2011 TSX Venture 50 is comprised of ten companies from each of five sectors; Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences.
Last: 0.21Range: 0.475-0.12Market Cap: 35.5 million
Goldrush Intersects 3.62 g/t Gold Over 6 Metres in South Zone Drilling and 2.14 g/t Gold Over 4 Metres in 430 Metre Step-Out Hole on Western Edge of Ronguen Gold Deposit, Burkina Faso
GOLDRUSH RESOURCES LTD GOD
Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") President & CEO Len Brownlie, Ph.D is pleased to report assay results from nineteen reverse circulation ("RC") drill holes on the Company's Ronguen Gold Deposit (an inferred resource of 5.9 million tonnes at a grade of 1.31 grams per tonne (g/t) gold, containing 249,000 ounces of gold) in Burkina Faso, West Africa. Eleven holes were drilled on the western G2 grid (the westernmost of two overlapping grids at the Ronguen Deposit), five holes on the eastern G1 grid and three holes on the South Zone. The South Zone is sub-parallel to and approximately 200 metres south of the Ronguen Main Zone.
South Zone drilling highlights include:
--3.62 g/t Au over 6 metres, in hole KGRR011-130 centered at a vertical
depth of 40.1 metres;
--1.70 g/t Au over 7 metres centered at a vertical depth of 32.4 metres;
and
--1.29 g/t Au over 7 metres centred at a vertical depth of 44.6 metres in
hole KGRR011-152, drilled 40 metres to the west of -130.
About the company
Goldrush Resources Ltd. is a publicly-owned, junior mineral resource exploration company listed on the Toronto Venture Exchange with the trading symbol TSXV-GOD. It is exploring for gold in the West African country of Burkina Faso where it holds 8 highly prospective permits covering 1,340 sq. km. The Company’s permits are all located in areas underlain by the West African Birimian Greenstone Belts which have a prolific history of gold production in this area of the world.
Last: 0.145Range: 0.305-0.075Market Cap: 19.7 million
Uranium Energy Corp Reports Fiscal Third Quarter Production Results and Provides Operations Update
Uranium Energy Corp (NYSE AMEX:UEC, the "Company") is pleased to report its financial and production results for the nine months ended April 30, 2011. Major highlights during the third quarter include the following:
--Results continue to indicate low-cost production profile:
During the third quarter, which incorporates our first full
quarter of Palangana Mine production, we produced 49,000 pounds
of U(3)O(8) in inventory, including work-in-progress, versus
21,000 pounds in the previous quarter.Since commencement of
production in November 2010 to April 30, 2011, we produced a
total 70,000 pounds of U(3)O(8) at a cash operating expense of
approximately $15 per pound;
--Production Ramp-up on schedule with Phase II wellfield added:
Phase II wellfield production commenced in mid-April 2011 at
Palangana's Production Area-1;
--NI 43-101 Technical Report filed for Salvo: NI 43-101 Technical
Report was filed for Salvo providing for an Inferred Resource
Estimate of 2,839,000 pounds of U(3)O(8 )at an average grade of
0.08%;
--Ongoing exploration and development at Palangana and Salvo; and
--Balance sheet remains strong: The Company remains debt-free
with $33.2 million in the treasury.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which is in the final stages of mine permitting for production. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
Last Trade: 2.8752 Week: 7.48 – 2.11Market Cap: 204.64 Million
Lithium Exploration Group Secures Additional $1,500,000 Investment
Lithium Exploration Group (OTCBB: LEXG) announces that it has secured an additional $1,500,000 in capital to advance its Valleyview Project. The term sheet that has been executed by the parties is in regards to a placement of convertible debentures in the principal amount of $1,500,000, payable in three equal tranches, to be fully funded by August 1, 2011. The debentures shall bear interest at 12% per annum and shall be due and payable 18 months from their issuance.
The financing will be primarily used for the advancement of the Valleyview Project in Alberta and will immediately allow for the following steps to take place:
-- Resource Estimate:
-- Laboratory Partner:
-- Strategic Acquisitions
About Us
Lithium Exploration Group is a US based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada and South America properties. Lithium Exploration Group is a fully reporting company traded on the Nasdaq OTCBB under the symbol LEXG.
LAST Trade: 1.8752 Week: 10.68 – 0.07Market Cap: 95.02 Million