AGORACOM Small Cap TV - August 16th - Highlights
posted on
Aug 16, 2011 09:30AM
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 Aug 16th, 2011, and we’ve found 8 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.
Black Iron Reports Three Additional Twin Holes With Band Lengths Over 100 Meters and Iron Grades Exceeding 30%
Black Iron Inc. (TSX: BKI)
is pleased to report additional assay results from its recently completed confirmation ("twin hole") and metallurgical diamond drill program at its Shymanivske Iron Ore Project in Ukraine. The Company continues to be encouraged by the results of the drill holes and the intersection of thick iron bands in each hole with band lengths over 100 meters and iron grades of 30% and greater. Of note, hole 20349-T intersected 194.7 meters grading 32.4% iron, including 99 meters grading 34.1% iron.
George Mover, Chief Operating Officer of Black Iron, commented, "Results from the twin hole program continue to validate the historical work completed on Shymanivske. Our twin hole assay results continue to align very well with past drilling logs for the Project, as demonstrated in the table below, both in terms of iron grade and band length."
About the Company
Black Iron is an iron ore exploration and development company advancing its 100%-owned Shymanivske project located in Krivoy Rog, Ukraine. This project contains a NI 43-101 compliant resource with 345Mt measured and indicated resources grading 32% iron and 469Mt of inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal's iron ore complex.
Last: 0.88Range: 1.59-0.70Market Cap: 120 million
Nevada Copper Corp.: North Deposit Continues to Expand, Drilling Multiple Intervals of Mineralization Including 358 Feet of 1.32% Copper
is pleased to announce additional positive step-out drill results from the 100% owned Pumpkin Hollow Property located in Nevada. The holes reported below represent assay results from the on-going 20,000 meter step-out and expansion drilling program.
Drill holes NC11-07, NC11-12, and NC11-15 were drilled in the North Deposit. Drill holes NC11-12 and NC11-15 were successful in expanding mineralization. In addition to expanding the mineralized zones NC11-15 confirmed the continuity of the shallower high grade mineralization intersecting 358.0 feet (109.1 meters) true thickness, averaging 1.32% copper. Drill hole NC11-12 was drilled along the northeast border of the deposit. The hole intersected two large intervals 195.0 feet (59.4 meters), 149.3 feet (45.5 meters) true thickness, averaging 0.41% copper; and 190.0 feet (57.9 meters), 145.7 feet (44.4 meters) true thickness, averaging 0.51% copper.
About Nevada Copper
Nevada Copper has 72.7 million shares outstanding and is well funded with no debt and approximately $80 million in cash. Nevada Copper is scheduled to release results from its Definitive Feasibility Study by September 30, 2011 in addition to ongoing drilling results from its 20,000 meter step-out and expansion drilling program.
Last: 4.31Range: 6.42-2.60Market Cap: 313 million
Lake Shore Gold Reports 400 Metre Extension of Gold Mineralization at Bell Creek Mine
Lake Shore Gold Corp. (TSX: LSG)
Lake Shore Gold Corp. today announced results from 9 new holes and 30 new wedge holes (22,479 meters) completed as part of the ongoing surface diamond drill program at the Bell Creek Mine. The holes were designed to expand the resource, both down plunge and along strike, as well as to infill and convert portions of the current inferred resource to the indicated category and assist in the completion of ongoing mining studies for the project.
--Drilling to depth extends gold mineralization 400 metres below current
resource, multiple occurrences of visible gold
--5.62 gpt over 28.50m, including 10.85 gpt over 11.40m, 6.71 gpt
over 7.70m, including 10.17 gpt over 4.40m, 7.71 gpt over 8.10m,
including 12.58 gpt over 4.60m, and 6.01 gpt over 8.65 m within
broad envelope grading 3.08 gpt over 26.05m
--Drilling between 650 and 1,000m levels extends mineralization 50 metres
eastwards
--3.11 gpt over 26.05m, including 5.02 gpt over 4.50, 4.62 gpt over
5.30m and 7.34 gpt over 2.40m
--Drilling to upgrade resources from inferred to indicated category
progressing well
--8.68 gpt over 4.04m, 4.74 gpt over 9.35m, 23.80 gpt over 1.00m, 4.60
gpt over 2.90m and 5.34 gpt over 5.10m
--Results suggest strong potential to add to current National Instrument
("NI") 43-101 resource base at Bell Creek Complex, structures remain
open to depth and along strike.
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with a vision to become a mid-tier gold producer through the successful exploration, development and operation of its properties in the Abitibi Greenstone belt in Northern Ontario and Quebec, starting with its strong base in Timmins, Ontario. In Timmins, the Company is in commercial production at the Timmins Mine, has intersected underground, and is developing along, mineralization at the adjacent Thunder Creek deposit and is advancing an underground advanced exploration program at its Bell Creek Mine.
Last: 1.95Range: 4.42-1.91Market Cap: 749 million
Pacific North West Capital Reports 6.44 gpt over 2 metres (0.19 opt, 6.6 ft) and 5.04 gpt over 7 metres (0.15 opt, 23 ft) 3E* in Holes DN014 and DN012 respectively, on its River Valley Palladium, Platinum and Gold Project, Sudbury, Ontario
Pacific North West Capital Corp. (TSX: PFN) (OTCQX: PAWEF) (Frankfurt: P7J)
is pleased to announce mineralization intersections from four drill holes (DN0012 to DN015) of the 15 holes completed during 2011 Phase IA drill program in the Dana Area of the Company's 100% owned River Valley Platinum Group Metals (PGM) Project near Sudbury, Ontario.
_____________________________________________________________________
|--Significant Platinum Group Metals (PGM) values continue to be|
|intersected in River Valley, one of North America's newest|
|and largest standalone PGM Projects.|
|--2.16 gpt, (0.06 opt), 3E over 27 metres (88.6 ft) in hole|
|DN012|
|o Including 5.04 gpt (0.15 opt) 3E over 7 metres (23.0 ft)|
|--2.60 gpt, (0.08 opt), 3E over 30 metres (98.4 ft) in hole|
|DN014|
|o Including 6.44 gpt (0.19 opt) 3E over 2 metres (6.6 ft)|
|o Including 4.08 gpt (0.12 opt) 3E over 2 metres (6.6 ft)|
|--3.39 gpt, (0.10 opt), 3E over 7 metres (23.0 ft) in hole|
|DN015|
|o Including 4.05 gpt (0.12 opt) 3E over 2 metres (6.6 ft)|
|o Including 4.06 gpt (0.12 opt) 3E over 3 metres (9.8ft)|
|--2.05 gpt, (0.06 opt), Rhodium over 2 metres (6.60 ft) in hole|
|DN013|
|--In Early August the Company will commence Phase IC|
|exploration program, including an additional 6000 meters of|
|drilling part of the 2011 multi phase $5M, Exploration|
|________program______________________________________________________|
About Pacific North West Capital Corp
Pacific North West Capital Corp. is a mineral exploration company whose corporate philosophy is to be a project generator, explorer and project operator with the objective of option / joint venturing its projects through to production. In January 2011, Pacific North West Capital successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited, making Anglo Platinum the largest shareholder of PFN holding approximately 9% of the Company (as of July, 2011).
Last: 0.275Range: 0.40-0.08Market Cap: 25.8 million
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NEWMAN TODD - HIGH GRADE DRILL RESULTS CONTINUE 58.88 g/t gold / 1.0m including 117.0 g/t gold / 0.50m
Confederation Minerals Ltd. (TSX-V: CFM)
is pleased to report results from the on-going, two-drill program at the Newman Todd property in the Red Lake Gold District, Ontario. High-grade gold results continue to be returned from the drilling over a strike length of greater than two kilometers within the Newman Todd zone of alteration and structural deformation which hosts the gold-bearing structures.
Significant intersections returned from recently completed drilling include:
-NT-064: intersected 8.25 g/t gold over 1.0 metres including 15.10 g/t gold over 0.50 metres;
-NT-067; intersected 58.88 g/t gold over 1.0 metres including 117.0 g/t gold over 0.50 metres; and 2.08 g/t over 29.0 metres including 5.98 g/t gold over 5.0 metres and including 19.3 g/t gold over 1.0 metres.
-NT-068 intersected 7.88 g.t gold over 1.0 metres including 14.30 g/t gold over 0.50 metres
About Confederation Minerals Ltd.
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an option agreement to acquire up to 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario as well as 100% ownership in two other properties in the Red Lake Mining District of Ontario.
Last: 0.88Range: 1.40-0.07Market Cap: 39 million
Westridge Intersects 2.15 Metres at 81.1gpt Au, Including 0.75 Metres at 204.0 gpt Au
Westridge Resources Inc. (WST - TSX Venture)
is pleased to announce that it has intersected high grade gold in its due diligence drilling at its Charay project in Sinaloa State, Mexico, in which the Company has just recently acquired an exclusive option to acquire a 100% interest in this project. All three drill holes intersected high grades in the El Padre vein, and two drill holes had multiple intersections, indicating potential for multiple vein zones. Highlights of the results include 2.15 metres at 81.06 gpt Au starting at 22.4 metres in hole 21.T-2, including 0.75 metres at 204.0 gpt (grams per tonne) Au, and 9.8 metres at 18.78 gpt Au starting at 60.4 metres in hole 18-T, including 3.6 metres at 26.52 gpt Au.
About Westridge Resources
Westridge Resources Inc. is a Canadian-based mineral exploration company focused on the acquisition, evaluation and exploration of mineral resource properties. As recently announced, Westridge has entered into an option agreement to acquire up to a 100% interest in the Charay Project, located in Sinaloa State, Mexico. Westridge expects to initiate an exploration and core drilling program on the Charay property before the end of 2011.
West Kirkland Intercepts 7.88 g/t Gold Over 2.41 Meters Within 1.04 g/t Gold Over 47.70 Meters-Long Canyon Trend, Nevada
West Kirkland Mining Inc. (TSX VENTURE:WKM)
is pleased to report assay results from the Company's second core hole on its TUG property, which is currently under option from Newmont Mining Corporation ("Newmont"). Hole WT11-002 cut 7.88 g/t gold and 69.19 g/t silver over 2.41 meters within a broader gold bearing intercept of 47.7 meters grading 1.04 g/t gold and 24.65 g/t silver.
About the company
We are West Kirkland Mining, an emerging North American gold exploration company.
With exciting projects in Nevada and Ontario, a proven management team, and strong financial backing, West Kirkland is poised for exploration success. On the heels of its founders' prior achievements, West Kirkland follows a proven approach:
• Focus on prolific gold districts
• Assemble large land positions along trend
• Align with institutional investors
• Carry out large-scale, disciplined exploration
Cadillac Obtains 0.33% Copper Over 516.4 Feet
Cadillac Ventures Inc. (TSX VENTURE:CDC)
announces results of a further two holes drilled on the K1-1 deposit located 3 kms east of the Thierry Mine deposit, on Cadillac's wholly owned Thierry Project property located outside of Pickle Lake, Ontario. Each of these holes successfully intersected widespread shallow mineralization, including K-11-10 which intersected a weighted average of 0.33% Cu over 516.4 feet, between 18.6 and 535 feet down the hole.
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: 0.22Range: 0.34-0.13Market Cap: 22 million