AGORACOM Small Cap TV - September 26th - Highlights
posted on
Sep 26, 2011 09:57AM
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 26th, 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 Tiger Resources Reports Assay Results at 3Ace Property, Yukon Intersects
3.75 g/t over 13.2 metres and 13.81 g/t over 2.4 metres
Northern Tiger Resources Inc. (TSX VENTURE:NTR)
is pleased to announce that assays have now been received for four diamond drill
holes at the 3Ace Property in the southeast Yukon. Assays are pending for an
additional 18 holes and two drills are still turning on the property. These initial
assay results confirm that the high-grade Main Zone continues to depth and has a
minimum strike length of 160 metres. It is open along strike in both directions
and down dip.
"This is the first significant drill program at 3Ace, and we are very pleased with the
continuity of the Main Zone observed to-date," says Greg Hayes, President of Northern
Tiger. "A strong nugget effect is inherent in high grade vein systems, so assay grades
are expected to be highly variable. In this type of system, it is very encouraging to
see the zone has continuity and to have consistently hit gold mineralization. Work to-
date has reinforced management's belief that 3Ace represents a significant new gold
system with potential to host multiple deposits."
Significant intercepts from the first four holes include:
Interval WidthGold
Hole #DipAzimuth Zone(m)(m) (g/t)
----------------------------------------------------------------------------
3A-11-10a-60 degrees270 degreesMain78.0 - 93.715.70.52
3A-11-11-55 degrees270 degreesMain78.0 - 91.213.23.75
About the company
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. The company has a portfolio of gold and copper focused projects in the Yukon, including 3Ace (high-grade gold discovery made in 2010), Sprogge, Sonora Gulch and five properties prospective for Minto-style high-grade copper mineralization. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.
Scorpio Gold Intersects 3.05 Metres Grading 15.85 g/t Gold on Solberry Zone, Mineral Ridge Project
Scorpio Gold Corporation(TSX VENTURE:SGN)
announces the initial drill results from the Solberry Zone at the 70% owned Mineral Ridge project, Nevada.
Peter J. Hawley, President and CEO reports, "In following up on historical drill results, our initial drilling on the Solberry Zone has intersected a high-grade zone of enrichment of currently unknown extent at the northwest margin of the zone, returning 15.85 g/t gold over 3.05 metres .
The Solberry Zone is located approximately 760 metres (2,500 feet) west of the Drinkwater open pit where the Company is currently mining. Planning for a follow-up program to conduct in-fill and step-out drilling of the area of interest is in progress. Meanwhile, the drill has moved to the Brodie Zone located 975 metres (3,200 feet) southwest of the Drinkwater pit, to follow up on historical drill results in that area."
About the company
Scorpio Gold Corporation (TSX-V:SGN) is an emerging gold producer, advancing the Mineral Ridge Gold operation in Esmeralda County, Nevada. Mineral Ridge is currently bonded and has been permitted for heap leach gold processing and production. The mine property features a very well-developed infrastructure and is host to multiple gold-bearing structures, veins and bodies at both exploration and development level.
Last: 0.84Range: 0.99-0.53Market Cap: 95 million
Romios Intersects 22.1 Metres Assaying 1.25% Copper and 22.43 g/t Silver in New Discovery Underlying the North Zone, Trek Property, B.C.
Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)
is pleased to announce assay results from the initial portion of the 2011 drill program on the Trek Property in northwestern British Columbia. The property is located 12.0 km southeast of the Galore Creek copper-gold-silver porphyry deposit and adjacent to the Galore Creek Mining Corporation's proposed mill and tailings facilities.
A new mineralized area has been discovered below the North Zone within pyrite-chalcopyrite-tetrahedrite cemented breccias. Results from drill hole TRK11-32, the first of the three drill holes (TRK11-24, TRK11-32 and TRK11-33) that have encountered the breccias to date, intersected a 22.1 metre (72.5 feet) zone that assayed 1.25% Cu, 22.43 g/t Ag and 0.05 g/t Au. Within this intersection, a 6.25 metre (20.51 feet) section assayed 2.01% Cu, 39.46 g/t Ag and 0.06 g/t Au.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Last: 0.37Range: 0.68-0.11Market Cap: 54.6 million
Prophecy Drills 120.9 Meters Grading 1.26 g/t PGM+Au, 0.36% Ni, 0.30% Cu within 457 Meters Grading 0.47% NiEq at Yukon Wellgreen Project
Prophecy Platinum Corp. (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P)
announces the drill results received from its 2011 drilling Wellgreen PGE-Ni-Cu Project. Borehole WS11-188 encountered 457 meters of mineralization grading 0.47% NiEq (including 0.72 g/t Pt+Pd+Au) from surface to the footwall contact. Within this larger swath of mineralization, the hole encountered a high grade section of 17.8 meters of 3.14 g/t Pt+Pd+Au, 1.03% Ni, 0.74% Cu (1.77% NiEq).
About Prophecy Platinum
Prophecy Platinum Corp. is a Canadian based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. Prophecy Platinum's flagship Wellgreen PGM-Cu-Ni project is in Yukon Territory, Canada and the Lynn Lake project is located in Manitoba, Canada. Further information can be found at www.prophecyplat.com.
Last: 2.81Range: 5.96-0.35Market Cap; 142 million