AGORACOM Small Cap TV - July 21st - Highlights
posted on
Jul 21, 2011 10:00AM
Horizonte Minerals Continues to Generate High-Grade Nickel Intercepts at Araguaia Project, Brazil-2.25% Ni Over 17.3m
Horizonte Minerals (TSX:HZM)(AIM:HZM) ("Horizonte" or "the Company") is pleased to report further positive results from the infill resource drilling programme at its 100% owned Araguaia Nickel project ('Araguaia') in Para Sate, north central Brazil.
HIGHLIGHTS
-- Best intersection of 2.25% nickel ('Ni') over 17.3 metres from infill
drilling at Pequizeiro target
-- Other high grade intersections include:
-- 15.6 metres grading 1.97% Ni,
-- 13.8 metres grading 1.96% Ni
-- 19.6 metres grading 1.84% Ni
-- 327 drill holes totalling 8,364 metres completed to date in the 20,000
metre drilling programme
-- Resource drilling programme on target to deliver resource update in Q4
2011
-- Wardell-Armstrong appointed to complete a Preliminary Economic
Assessment by end of Q1 2012
-- Second drilling contractor, Boart Longyear, commenced drilling in May
2011 - currently a total of six drilling rigs are in operation
About Horizonte Minerals
Horizonte Minerals plc is an AIM and TSX listed exploration and development Company with a portfolio of nickel and gold projects in the Carajas District of Brazil. The Company is focussed on creating value by generating and rapidly advancing exploration projects in tandem with joint ventures with major mining companies, providing mid-term cash flow, which is then used to develop the business and pipeline projects.
Last: 0.28 Range: 0.35-0.25 Market Cap: 78 million
Sulliden Announces Further Positive Drill Results-Intersects 1.17 g/t Gold Over 104.6 Metres and Deepens Oxides by 50 Metres in the East Zone
Sulliden Gold Corporation Ltd. (TSX:SUE)(OTCQX:SDDDF)
is pleased to announce results for seven new drill holes from the ongoing 70,000 metre drilling program being carried out this year on its 100% owned Shahuindo Gold and Silver Project in northern Peru. Significant new gold intercepts are highlighted below and complete results are reported in Table 1.
Highlights include:
-Hole SH11-205 in the East Zone
- 1.17 g/t Gold over 104.6 meters, including 4.47 g/t Gold over 5.1 metres
and 3.15 g/t Gold over 14.9 metres
-Hole SH11-204 in the East Zone
- 1.20 g/t Gold over 52.5 meters, including 2.09 g/t Gold over 23.7 metres
-Hole SHV11-209 in the Central Zone
- 1.55 g/t Gold over 34.5 metres including 2.59 g/t Gold over 16.0 metres
About Sulliden
Sulliden is a Canadian-based precious metals company focused on the exploration and development of the Shahuindo Gold and Silver Project, located in a prolific gold producing district in northern Peru. This project neighbours world class mines, including Barrick Gold's Lagunas Norte Mine 30 kilometres to the south and the Yanacocha Mine operated by Newmont Mining Company 80 kilometres to the north.
Last: 1.93 Range: 2.78-0.56 Market Cap: 410 million
Lupaka Gold Corp. Extends A-1 Zone Mineralized Envelope to the North and at Depth, and Drills 87.4 Metres at 1.58 g/t Gold at Crucero Gold Project
Lupaka Gold Corp. (TSX:LPK)
announces that it has received assay results on the first three drill holes completed since drilling re-commenced in May 2011. The results have extended the northern boundary and the depth of known mineralization of the envelope at the A-1 Zone. Significant intercepts from the first three holes are reported below and additional results are reported in Table 1.
Highlights include (all numbers in metres except Gold grams per ton ("g/t"):
------------------------------------------------------------------
Total Intersection
Drill Hole Depth From To Intercept Gold g/t
------------------------------------------------------------------
DDH-21 388.05 88.00 175.40 87.40 1.58
Includes 131.00 175.40 44.40 1.95
About the Company
Lupaka Gold is aggressively exploring and developing the Crucero Gold Project, its 5,500 hectare gold property located in southern Peru. The Company, based in Vancouver, Canada, is project operator and holds a 60% indirect interest in the property and has an option to acquire the remaining 40% interest in MP at any time until July 2015.
Last: 1.06 Range: 1.43-0.91 Market Cap: 41.8 million
Northern Vertex Announces Phase 1 Drilling Program Intercepts 53.34 Meters Grading 1.10 gpt Gold Eqv; Including 9.14 Meters Grading 3.00 gpt Gold Eqv
Northern Vertex Capital Inc. (TSX.V:NEE)
is pleased to announce results from an additional 6 holes of its 27,000 foot drilling program on the Moss Gold-Silver Project situated in the historic Oatman Mining district in Mohave County, Northwestern Arizona.
Highlights
Hole AR-71C intercepts 53.34m 1.1 grams per tonne gold equivalent
States Northern Vertex Chief Geologist Dr. Bob Thompson, "We are very pleased with the thicknesses and grades returned from the recent 6 holes of drilling at Moss, including Hole AR-69C (Table below) that returned 6+ gpt gold equivalent over 13.1 meters. The stockwork system is robust, and the distribution of gold is proving to be consistent both along and across its 5,000 ft strike. Importantly, results to date continue to support the three primary objectives of our current drill program: to verify, build on and extend the Moss epithermal gold-silver system".
About the company
Northern Vertex is a gold exploration and development company operating principally in the United States and Canada. The Company comprises an experienced management group with a strong background in all aspects of acquisition, exploration, development and financing of precious metal mining projects. The Company's stated mandate is to acquire, develop and advance asset-based gold projects that demonstrate near term production potential and long-term sustainable growth.
Last: 1.20 Range: 1.35-0.15 Market Cap: 31 million
Galway's best gold intersect yet: 26 m of 129 g/t and 21.5 m of 8.5 g/t in one hole, and 92.5 m of 2.9 g/t and 114 m of 1.1 g/t in another
Galway Resources Ltd. (GWY: TSX-V) is pleased to announce assay results from holes GWY-113 to GWY-116 from the ongoing diamond drill exploration program at its California gold-silver property in Colombia.
"We are very encouraged that our drill results at California have improved over the past few months. Our geologists have been better able to hone in on the high grade veins within the longer intervals of mineralization. In addition, while we have identified high grade gold from surface to a depth of 380 meters, the mineralization remains open to depth as well as along strike. Aside from the fact that GWY-115 has by far the highest grade we've ever seen on our property, this hole is significant because it further bridges the gap between the Pie de Gallo and Northeast Zones. GWY-116 is significant because it helps define the width of the main mineralized trend at California and demonstrates continuity both vertically and laterally," cites Robert Hinchcliffe, President and CEO of Galway Resources.
Highlights from recent drill results at California are as follows:
GWY-115
-- 26.0 meters grading 129.0 grams per tonne gold (g/t Au) and 22.3 g/t silver (Ag), including 1.0 meter of 3,310.0 g/t Au and 454.0 g/t Ag -- 21.5 meters grading 8.5 g/t Au and 11.3 g/t Ag, including 2.0 meters of 78.3 g/t Au and 17.1 g/t Ag, and 1.0 meter of 13.7 g/t Au
GWY-116
-- 92.5 meters grading 2.9 g/t Au, including 6.0 meters of 19.6
g/t Au (that includes 1.0 meter of 28.4 g/t Au, 1.0 meter of
59.6 g/t Au and 14.5 g/t Ag, and 1.0 meter of 24.2 g/t Au and
13.4 g/t Ag), 1.0 meter of 7.0 g/t Au, and 1.0 meter of 45.7
g/t Au and 11.0 g/t Ag
-- 114.0 meters grading 1.1 g/t Au, including 2.0 meters of 25.4
g/t Au (that includes 1.0 meter of 44.9 g/t Au)
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: 0.80 Range: 1.52-0.63 Market Cap: 98.7 million
Oro Mining Drills 4.1 g/t Gold Over 32 Metres at Taunus Project, Mexico
Oro Mining Ltd. (TSX VENTURE:OGR) continues to report positive drill results for sonic holes SN15 to SN22 on its Taunus Project. Highlights are as follows:
-- Sonic drill hole SN22 intersected 32 metres of 4.1 g/t gold in the HS
Zone, located 100 metres south of SN13 (167 metres of 2 g/t gold,
previously announced on May 5, 2011).
-- The recent drill results continue to indicate areas with substantial
vertical continuity of the gold mineralization, connecting the Eldorado
and HS Zones (see cross sections).
-- Other sonic holes returned favorable results including SN15 (26 metres
of 3.4 g/t gold in the HS Zone), SN16 (72 metres of 0.83 g/t gold in-
between Eldorado and HS Zones), SN17 (23 metres of 1.9 g/t gold in the
Eldorado Zone), SN19 (12.7 metres of 8.1 g/t gold in the HS Zone), and
SN20 (23 metres of 1.6 g/t gold in the Eldorado Zone and 16 metres of
2.5 g/t gold above the HS Zone).
About Oro Mining
Oro Mining is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Oro Mining's corporate mandate is to advance its projects toward production, while continuing to make exploration discoveries on its extensive property position. The district-scale Trinidad property that hosts the Taunus gold deposit continues to be the focus of Oro Mining's exploration and project development activities. The Company's mission is to create exceptional value for our shareholders through exploration discovery, resource growth, mine development and production, while providing sustainable benefits to our staff, the environment, and the communities where we operate.
Last; 0.325 Range: 0.54-0.23 Market Cap: 39 million
Lago Dourado Discovers High-Grade Gold Zone at Juruena Project, Brazil; Intercepts 4m of 32.5 g/t and 2m of 47.1 g/t Gold
Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") is pleased to announce the discovery of a high-grade gold zone at its 100%-owned Juruena Gold Project in Mato Grasso, Brazil. Results for the first 6 of 9 holes drilled at the previously untested Querosene Zone are summarized in Table 1 below. Highlights include:
-- Hole JRND018 which intercepted 4 metres of 32.46 g/t gold, including 1
metre of 120.80 g/t gold and 3 metres of 20.32 g/t gold including 1
metre of 58.20 g/t gold;
-- Hole JRND020 which intercepted 1 metre of 62.20 g/t gold;
-- Hole JRND022 which intercepted 2 metres of 47.10 g/t gold including 1
metre of 80.70 g/t gold.
About the Company:
Lago Dourado Minerals Ltd. (TSX VENTURE:LDM) is a Canadian mineral exploration company focused on advancing its 100%-owned Juruena gold project in the state of Mato Grosso, Brazil. The largely untested property hosts extensive gold mineralization identified over 10 square kilometres, and at least 0.5 million oz of gold has been mined from surface workings. An expanded phase I drill campaign is currently underway and is expected to continue throughout 2011. The Company currently has 71.3 million shares outstanding.
Last: 0.57 Range: 1.15-0.46 Market Cap: 35.3 million