Message: AGORACOM Small Cap TV - June 23rd - 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 23, 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.
Northern Gold Increases Garrcon Deposit Indicated Resource Five-Fold to 720,000 ozs and Releases Preliminary Economic Assessment
Northern Gold Mining Inc. (TSX VENTURE:NGM)
announces the results of an updated National Instrument (NI) 43-101 compliant resource estimate and completes a Preliminary Economic Assessment (PEA) for its Garrcon Gold Deposit located in Garrison Township in the province of Ontario, Canada. The NI 43-101 Technical Report will be filed on SEDAR within 45 days. This NI 43-101 report which was independently prepared by A.C.A. Howe International Limited (Howe) of Toronto, Ontario, determined that the Garrcon Gold Deposit demonstrates strong economics at the PEA level. Howe concludes that the property merits the expenditure of additional funds to continue expanding, delineating, and developing the existing resource as well as the implementation of detailed metallurgical test work to confirm the concepts and assumptions used in the PEA.
- Garrcon Updated Indicated 720,000 oz, Inferred 430,000 oz
- PEA - NPV $265.9 Million
- PEA - Cash Flow $393.6 Million (8 Year Mine Life)
- PEA - Cost/oz $495
- PEA - IRR 47%
About Northern Gold Mining
Northern Gold Mining Inc. is a TSX-V listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in North Eastern Ontario. Northern Gold is focused on developing two advanced stage gold deposits on the Garrison Gold Property. The Property is located within the Abitibi greenstone belt along the Porcupine-Destor and the Munro Fault systems.
Last: 0.44Range: 0.64-0.125Market Cap: 45 million
China GengSheng Signs Five-Year Strategic Partnership with a North American Fracture Proppant Distributor
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 signed a five-year strategic partnership agreement with a U.S.-based strategic advisory, marketing and technology company for the marketing and distribution of its fracture proppant products in the North American market.
gengSheng will ship 4,000 metric tons of proppant products per month, beginning in July 2011, with volume increasing on a bi-monthly basis. Volume shipments are expected to reach at least 8,000 metric tons per month by October 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.
Last Trade: 2.1052 Week: 6.74 – 1.10Market Cap: 56.27 Million
TechPrecision Corporation Receives $1.3 Million in New Orders from Existing Customers
TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision", or "the Company"), an industry leading global manufacturer of precision large-scale, fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced that it has received orders from two current customers with a combined value of approximately $1.3 million. The orders include:
$800,000 in orders for a naval defense customer. This order is expected to ship during TechPrecision's third fiscal 2012 quarter.
$500,000 in orders from a commercial/industrial customer. This order is expected to ship during TechPrecision's third fiscal 2012 quarter.
About TechPrecision Corporation
TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., globally manufactures large-scale, metal fabricated and machined precision components and equipment. These products are used in a variety of markets including: alternative energy (Solar and Wind), cleantech, medical, nuclear, defense, industrial, and aerospace to name a few.
Last Trade: 1.8052 WEEK: 2.10 – 0.70Market Cap: 26.61 Million
Beacon Enterprise Solutions Group, Inc.
Beacon Awarded $1.2 Million in New Business
Beacon Enterprise Solutions Group, Inc. (OTC BB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems (ITS) infrastructure solutions, today announced two existing Fortune 100 clients have requested new ITS infrastructure engagements with combined revenue of approximately $1.2 million.
The first new engagement, expected to deliver $900,000 in revenue, is with one of Beacon's three current Fortune 500 pharmaceutical clients. Beacon continues to win incremental ITS infrastructure engagements with this pharmaceutical company resulting from Beacon's long history and knowledge of the client's existing facilities throughout the world.The second new engagement is with Beacon's national grocery store chain client and is expected to add approximately $300,000 in revenue for Beacon over the next 90 days.
About Beacon Enterprise Solutions Group, Inc.
Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management.
Last Trade: 0.2852 Week: 1.12 – 0.22Market Cap: 10.47 Million
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