AGORACOM Small Cap TV - September 22nd- Highlights
posted on
Sep 22, 2011 09:45AM
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 September 22nd, 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.
Aquila and HudBay Report 7.60 Meters of 7.33 Grams Per Tonne Gold and 190.20 Grams Per Tonne Silver at Back Forty Project
Aquila Resources Inc. (TSX: AQA)(OTCQX: AQARF)(FRANKFURT: JM4A)
is pleased to provide investors with new drill results from the Back Forty Project. The Back Forty Project is a joint venture between Aquila and HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) ("HudBay"), with HudBay currently owning a 51% interest and Aquila a 49% interest. The project recently entered pre-feasibility stage and submission of a mine permit remains on track for the second quarter of 2012.
Highlights from new intercepts at the Back Forty Project include:
-- 9.12 meters of 1.21% copper and 6.24% zinc in LK-501 -- 24.00 meters of 1.02 g/t gold and 108.11 g/t silver in LK-502 -- 51.05 meters of 1.45 g/t gold and 54.89 g/t silver in LK-504
Including 7.60 meters of 7.33 g/t gold and 190.20 g/t silver
About Aquila Resources Inc.
Aquila Resources Inc. (TSX: AQA)(OTCQX: AQARF)(FRANKFURT: JM4A) is a mineral exploration and development Company focused on the discovery and advancement of high-grade base and precious metal projects in North America. The Company is rapidly expanding its presence in North America and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc.
Last: 0.54Range: 1.18-0.40Market Cap: 45 million
Keegan Announces Positive Pre-Feasibility Study and First Mineral Reserve Statement at Esaase Gold Project
Keegan Resources Inc. (TSX: KGN)(NYSE Amex: KGN)
is pleased to announce the results of its Pre-Feasibility Study ("PFS" or "Study") for its Esaase Gold Project ("the Project") located near Kumasi, in southwestern Ghana, West Africa. All currency is in United States Dollars unless otherwise stated.
Highlights of the PFS are as follows:
--2.6 million ounces of gold produced over a 10.2 year mine life.
--Plant capacity of 7.5 million tonnes per annum, with capacity to treat9.0 million tonnes per year in early years of production when processing100% oxide ore.
--330,000 oz gold produced in Year 1, with a Life Of Mine (LOM) average of258,000 oz/yr.
--$639 million after-tax Net Present Value ("NPV") discounted at 5% and anInternal Rate of Return ("IRR") of 32% (100% equity basis at $1,500/ozgold revenue applied to a $1,150/oz gold pit shell).
--Capital cost of $506 million, utilizing a leased mining fleet. Cashcosts of $693/oz gold produced including leasing costs for miningequipment (approximately $55/oz).
About Keegan Resources Inc.
Keegan is a junior gold company offering investors the opportunity to share ownership in the rapid development and ongoing exploration of high quality pure gold assets. The Company is focused on its wholly owned flagship Esaase Gold project located in Ghana, West Africa, a highly favourable and prospective jurisdiction.
Last: 8.65Range: 9.59-6.95Market Cap: 651 million
Bard Ventures Ltd.: Drilling Results-0.06% Molybdenum Over 386.29 Meters and 0.08% Copper Over 302.7 Meters-Quartz Breccia Zone at Lone Pine Property
Bard Ventures Ltd. (TSX VENTURE: CBS)(FRANKFURT: BVU)
is pleased to announce additional significant drill hole results from its 2011 phase one drill program in the Quartz Breccia Zone on its Lone Pine Property (the "Property"). The Company is very pleased and encouraged by the positive results received from drill hole BD-11-68 located 145 meters to the east of drill hole BD-11-70. The Property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division.
MOLYBDENUM
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From (m)To (m)Interval (m)% Mo
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32.61418.9386.290.06
About the company
Bard Ventures Ltd. is a small cap TSX Venture-listed mineral resources company with acquisitions in British Columbia. Vancouver-based Bard Ventures' primary mining focus is the Lone Pine Molybdenum Project (molybdenum drilling program underway), and Grouse Mountain, both located in northern B.C. Canada.
Last: 0.05Range: 0.20-0.04Market Cap: 5.5 million
JOURDAN Launches Exploration Program to Validate 235 Million Tonnes of Phosphate Grading 3.65% P2O5 of Historical Mineral Resources at the Dissimieux Lake Project
JOURDAN RESOURCES INC. (TSX VENTURE: JOR)
is pleased to announce the start of a validation exploration program on the Company's wholly owned Dissimieux Lake Phosphate Project (the "Project") located 140 km northwest of Baie-Comeau and 130 km north of Forestville (Quebec) along the Upper North Shore of the St-Lawrence River, and approximately 350 km in-line north-northeast of Quebec City.
- Host gabbro contains 10% calcium phosphate (apatite) and 10% iron-titanium dioxide (ilmenite)
- Historical metallurgical test work recovered 92% of the apatite to produce a concentrate at 41.2% P2O5 and recovered 62.5% of the ilmenite to produce a concentrate at 48.1% TiO2
- Met-Chem (2000) indicated the historical mineral resources was amenable to open-pit mining with a 1:1 waste to mineralization
About the company
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic Phosphates, Titanium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties are currently at the exploration stage along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec. JOURDAN is fully funded for the 2011 field exploration programs.
Last: 0.08Range: 0.22-0.05Market Cap: 2.6 million
Oceanic Iron Ore Corp.: Hopes Advance PEA NPV of $10.4 Billion; AMEC Port and Shipping Study Preliminary Environmental and Social Impact
Oceanic Iron Ore Corp. (TSX VENTURE:FEO)(OTCQX:FEOVF)
is pleased to announce that it has received the results of a Preliminary Economic Assessment prepared by Micon International Limited ("Micon") in respect of the Hopes Advance Project Area ("Hopes Advance"). The PEA was completed using the NI 43-101 Mineral Resource estimate prepared by Micon and reported in a Company news release on September 21st, 2011.
In addition, the Company is pleased to report initial findings on metallurgy, port and shipping feasibility and environmental and social impacts.
Highlights:
Positive Preliminary Economic Assessment on all four production cases analyzed:
--"Optimal" case production of 20 million tonnes per annum ("tpa") 66.5%iron concentrate
--$3.7 billion initial capital cost inclusive of 25% contingency
--$2.4 billion initial capital cost for 10 million tpa case
--Concentrate selling price of $115/tonne
--Operating cost of $24.58 / tonne of ore pre royalty
--Waste / ore strip ratio of 1.12
--24 year project life from 2016, pre
- tax NPV of $10.4 billion, assuming8% discount rate
--Pre-tax IRR of 34%, Payback of 2.4 years (post tax, unlevered)
About the company
Oceanic is an exploration and development company focused on the development of the Ungava Bay iron properties.These properties comprise 3,000 claims over three project areas, namely Hopes Advance, Morgan Lake and Roberts Lake, which are located over 126,000 hectares along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec.
Last: 0.27Range: 1.03-0.25Market Cap: 40.8 million