Message: AGORACOM Small Cap TV - June 13th - Highlights
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 13th, 2011, and we’ve found 6 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.
Teranga Gold Corporation: Continued High-Grade Intersections at Gora Project-5m @ 33.7 gpt gold
Teranga Gold Corp TGZ
Promising early stage results at new target Encouraging progress made on largest exploration targets
Teranga Gold Corporation ("Teranga" or "the Company") (TSX: TGZ)(ASX: TGZ) is pleased to provide a mid quarter update of its Regional Exploration program.
Drilling on the Gora deposit, where the Company had already identified an inferred resource of 100,000+ ounces of gold at 6 grams per tonne ("gpt"), continues to return very high grades, selected latest results include:
--5m @ 33.7 gpt from 111m (Vein 1) from SKRCDD0031
--2m @ 61.3 gpt from 126m (Vein 1) from SKRCDD0027
--3m @ 26.7 gpt from 154m (Vein 1) from SKRCDD0023 and 3m @ 47.7 gpt from
164 m (Vein 5) in the same hole
--1m @ 33.0 gpt from 156m (Vein 4) from SKRCDD0032
--4m @ 10.7 gpt from 145m (Vein 2) from SKRCDD0019
--1m @ 51.8 gpt from 112m (Vein 2) from SKRCDD0044
--9m @ 3.2 gpt from 87m (Vein 1) from SKRCDD0038
About TERANGA
Teranga Gold Corporation is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX: TGZ) and Australian Securities Exchange (ASX: TGZ). Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development.
Last: 2.54Range: 3.00-2.19Market Cap: 623 million
Aurizon Increases the Hosco In-Pit Measured and Indicated Mineral Resources
Aurizon Mines Ltd ARZ
pleased to report that an updated mineral resource estimate has been completed for the Hosco deposit at its 100% owned Joanna Property, located 20 kilometres east of Rouyn-Noranda, in north-western Quebec. The updated mineral resource estimate was prepared by SGS Canada Inc. - Geostat ("SGS Geostat") in collaboration with Aurizon's personnel.
The updated mineral resource estimate integrates the results of the drilling program that took place during the last three quarters of 2010 and January 2011 in the lateral and depth extensions of the pit outline of the Hosco Deposit-Joanna Gold Project defined in the Pre-Feasibility Study of December 22, 2009, available under the Company's profile at www.sedar.com. It includes 230 additional new holes.
--At a cut-off grade of 0.5 grams of gold per tonne, in-pit measured and
indicated mineral resources have increased by 537,000 ounces, a 31%
increase when compared to the last estimate released on July 5, 2010 and
now total 2,245,000 ounces of gold for the Hosco deposit only.
--In-pit inferred mineral resources stand at 284,000 ounces, a reduction
of 97,000 ounces when compared to July, 2010.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the NYSE Amex under the symbol "AZK".
Last: 5.30Range: 8.41-4.87Market Cap: 860 million
Stornoway Announces 56% Increase in Renard Diamond Price Estimate
Stornoway Diamond Corporation SWY
pleased to announce the results of a recent diamond valuation exercise undertaken in support of the ongoing feasibility study at the Renard Diamond Project, Stornoway's 100% owned flagship project located in north central Quebec. The diamond valuation was performed under the supervision of WWW International Diamond Consultants Ltd. ("WWW") in Antwerp, Belgium between May 9th-13th, 2011. Highlights are as follows:
--A base case modeled diamond price estimate of US$182 per carat for the
diamond samples from the Renard 2 and 3 kimberlite pipes, an increase of
56% over the previous estimate determined in September 2009.
--A base case modeled diamond price estimate of US$112 per carat for the
diamond sample from the Renard 4 kimberlite pipe, an increase of 49%
over the previous estimate.
--"High" diamond price models of US$236, US$205 and US$185 per carat for
the Renard 2, 3 and 4 kimberlite pipes respectively, based on an
analysis of diamond price and size distribution upside on the individual
valuation samples.
About Stornoway Diamond Corporation
Stornoway Diamond Corporation is one of Canada's leading diamond exploration and development companies, involved in the discovery of over 200 kimberlites in seven Canadian diamond districts. The Company benefits from a diversified diamond property portfolio, a strong financial platform and management and technical teams with experience in each segment of the diamond "pipeline" from exploration to marketing.
Last: 2.03Range: 2.96-2.00Market Cap: 240 million
Kaminak Drills High-Grade Gold at Latte Zone: New Intercepts Include 9.6 g/t Au Over 17m and 17.4 g/t Au Over 7m
Kaminak Gold Corp KAM
announced the results from the first three diamond core holes drilled in 2011 at the Latte Zone located on the Company's 100% owned Coffee property in the White Gold District, Yukon Territory. These holes successfully extended the strike of mineralization an additional 100m towards the west beyond the extent of the gold-in-soil trend, and intersected a wide high-grade zone over two successive drill sections.
Key Drill Results
-- CFD-078: 1.11 grams per tonne gold (g/t Au) over 44m starting from 226m -- CFD-080: 2.83 g/t Au over 62m starting at 60m depth, including 17.36g/t over 7m -- CFD-082: 9.61 g/t Au over 17m starting at 109m depth, including 24.50g/t over 3m
Key Point Summary
--CFD-080 and CFD-082 returned the highest grade gold intersections to
date at Latte: 9.6 g/t Au over 17m and 17.6 g/t Au over 7m. The new
high-grade zones at Latte represent a significant new style of
mineralization.
--CFD-078 and CFD-080 extended the up- and down-dip continuity on the
2950m East drill section. Mineralization is interpreted to commence from
surface and remains open at 200m vertical depth.
--CFD-082 extended the mineralized zone an additional 100m along strike
beyond the western limit of the gold-in-soil anomaly. 2010 and 2011
drilling at Latte has now established gold mineralization over a 700m
strike length.
--Presently, two diamond core drills are turning at Latte; one drill
exploring along strike on 100m step-outs to the west, and the other
drill completing systematic drill fences and 100m step-outs along strike
to the east.
About
Kaminak Gold Corporation is an opportunity focused, prospect generator whose technical strength and entrepreneurial drive is complemented by a proven, successful business model designed to create shareholder value. The company has an extensive portfolio of discovery-stage projects that offer world-class exploration potential and present exposure to strategic commodities with an emphasis on gold.
Last: 3.31Range: 4.06-1.32Market Cap: 226 million
China GengSheng Minerals Awarded $4.2 Million Follow-on Fracture Proppants Contract from AMSAT International
China GengSheng Minerals, Inc. (AMEX:CHGS), a leading China-based high-tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, today announced that it has been awarded a $4.2 million follow-on fracture proppants supply contract from AMSAT International, a Florida-based technology company specializing in advanced ceramics. The Company will begin shipping fracture proppants under this new contract in July 2011, and expects to supply approximately 1,500 metric tons per month through December 2011, with specific quantities determined on a monthly basis, subject to available capacity.
This award follows the fulfillment of a $5.4 million contract with AMSAT International, under which GengSheng supplied approximately12,000 metric tons of proppant materials between January and June 2011.
About China GengSheng Minerals, Inc.
China GengSheng Minerals, Inc. ("GengSheng") develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, GengSheng sells its products primarily to the iron-and-steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy. Founded in 1986 and based in China's Henan province, GengSheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and other countries.
Last Trade: 1.5952 Week: 6.74 – 1.10Market Cap: 42.79 Million
Midway Drills Best Gold Intercept To-Date at Pan Project, Nevada
Midway Gold Corp. ("Midway" or the "Company") (MDW:TSX-V; MDW:NYSE-AMEX) announces drill hole PN11-09 contained the longest and highest grade gold intercept yet encountered at its 100 percent controlled Pan Project, White Pine County, Nevada. This 30 meter intercept of 3.15 grams per tonne (gpt) gold includes a zone of 13.7 meters of 5.79 gpt gold which also includes a 1.5 meter interval of 10.1 gpt gold.
Midway currently has one RC rig operating at Pan and to date in 2011, has completed approximately 7,200 meters in 28 RC holes. Gold assays received to date are summarized in the table below. Additional intercepts east of South Pan include 126.5 meters of 0.55 gpt gold in PN11-07 and 100 meters of 0.38 gpt gold in PN11-05. North of South Pan, intercepts include 71 meters of 0.45 gpt gold in PN11-12, 19.8 meters of 0.93 gpt gold in PN11-14, and 59 meters of 0.72 gpt gold in PN11-30.
About Midway Gold Corp.
Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders
Last Trade: 1.7452 Week: 2.39 – 0.38Market Cap: 179.11 Million
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