AGORACOM Small Cap TV - November 3rd - Highlights
posted on
Nov 03, 2011 09:08AM
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 November 3rd, 2011, and we’ve found 8 great press release 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.
Lupaka Gold Corp. Drills 204 Metres at 1.14 g/t Gold Including 6 Metres at 7.3 g/t Gold, and Continues to Expand Crucero Mineralized Zone to the North
Lupaka Gold Corp. (TSX:LPK)
announces that it has received assay results on six additional drill holes from the ongoing drilling program being carried out this year on its Crucero Gold Project in southern Peru. The Company reports results on one of the broadest mineralized intercepts ever encountered at Crucero assaying 1.14 g/t gold over 204 metres, and containing several higher grade intercepts of up to 7.3 g/t gold over 6 metres.
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% indirect interest at any time until July 2015. Since commencing active exploration in April 2010, the Company has reported a NI 43-101 compliant gold resource (see the Company's most recent technical report on sedar.com). In addition to the existing resource, Lupaka Gold has identified several exploration targets within the Crucero Property that display similar anomalous characteristics. Lupaka Gold is led by a strong management team with the proven ability to develop, finance and operate mining projects. The Company completed an initial public offering of its common shares and warrants on the Toronto Stock Exchange on June 28, 2011.
Last: 1.18Range: 1.43-0.90Market Cap: 46.5 million
Salazar High Grade Intercepts
9.70 Meters of 6.23 g/t Gold, 183.43 g/t Silver, 1.36% Copper, 6.93% Zinc and 1.13% Lead
Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG)
reports new high grade intersections from the ongoing diamond drill program on its 100% owned (30,327 ha), precious metals' rich, Curipamba volcanogenic massive sulphide (VMS) project in Ecuador. The eight holes reported here are part of the on-going diamond drilling program on the El Domo VMS deposit (Tables 1 & 2; Figure 1). The VMS intersections in holes CURI-128, CURI-132 and CURI-135 demonstrate the potential for significant extensions to the El Domo deposit, to the south and beneath the andesite sill to the east.
•CURI-128 intersected 4.55 meters grading 5.21 g/t gold, 321.95 g/t silver, 0.63% copper and 3.59% zinc in massive sulphide mineralization. This is a new area of high grade massive sulphide mineralization at the southern end of the deposit (Figure 1). The mineralization is open to the southwest (Figure 1).
•CURI-132 intersected 15.94 meters grading 0.97 g/t gold, 14.84 g/t silver and 1.85% copper in massive to semi-massive sulphide mineralization under the andesite sill. This mineralization is open to the east (Figure 1).
About Salazar Resources:
Salazar Resources Ltd. is a publicly-listed (TSX VENTURE:SRL)(FRANKFURT:CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably by its namesake Fredy Salazar, this team has been instrumental in other major discoveries throughout Ecuador. Being based in Ecuador, thus having thorough knowledge of local human and environmental issues, gives the Company a strategic advantage, enabling it to complete exploration at a rapid pace.
Last: 0.53Range: 1.60-0.36Market Cap: 21.7 million
Canaco Reports Additional Drill Results at Magambazi, Including 11.0 Metres at 14.75 Grams per Tonne Gold, and Provides Exploration Update for the Handeni Project
Canaco Resources Inc. (TSX VENTURE:CAN)
is pleased to announce new assay results from diamond drilling at the Magambazi gold discovery and to provide an update on exploration at the Company's Handeni project in Tanzania.
Canaco continues extensive delineation drilling at Magambazi, with significant additional infill and extension intercepts as highlighted below. Two additional diamond drill rigs have been added to the program to aggressively test key targets immediately peripheral to the main area of Magambazi mineralization.
Results have been received for 27 new diamond drill holes. Highlights include:
Hole (1)(2) |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Lode(s) |
|
MGZD284 |
275.0 |
286.0 |
11.0 |
14.75 |
Western |
|
including |
282.2 |
285.0 |
2.8 |
56.16 |
About Canaco
Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa. Built on a foundation of experienced management, the Company is rapidly advancing the Handeni project in Tanzania and is well positioned to build shareholder value through discovery and resource development.
Last: 1.88Range: 6.45-1.53Market Cap: 374 million
AQM Copper Expands the Victoria Discovery and Intersects 111 Metres of 0.43% Copper
AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM)
is pleased to announce further results from its Victoria discovery, located east of the Main Zone on the Zafranal Joint Venture Property.
Ongoing drilling at Victoria continues to intercept copper mineralization over significant widths, with the zone remaining open to the east and at depth. Mineralization is hosted by strongly foliated diorite intrusive rocks, emplaced along a regional scale shear zone and in contact with the Coastal Batholith. The mineralized body appears to be parallel to the principal foliation orientation, and is interpreted to form a steep tabular body dipping to the north. Additional chalcocite mineralization has been encountered on the southern side of the zone, which now extends at least 500 metres in strike length and up to 350 metres in width. The true thickness of the zone is up 300 metres.
Drill Hole |
From (m.) |
To (m.) |
Interval (m.) |
Cu%T |
Au g/t |
Comment |
ZFDDH11-215 |
202 |
580 |
378 |
0.30% |
0.04 |
Victoria Porphyry |
Incl. |
202 |
287 |
85 |
0.26% |
0.02 |
|
Incl. |
307 |
321 |
14 |
0.56% |
0.20 |
|
Incl. |
331 |
372 |
41 |
0.26% |
0.04 |
|
Incl. |
380 |
398 |
18 |
0.27% |
0.04 |
|
Incl. |
414 |
449 |
35 |
0.30% |
0.05 |
|
Incl. |
469 |
580 |
111 |
0.43% |
0.06 |
ABOUT AQM Copper:
AQM Copper Inc. (formerly Apoquindo Minerals) is a Canadian based mineral exploration company developing copper deposits in South America. Through its wholly owned Peruvian subsidiary, Minera AQM Peru SAC, the Company is developing the Zafranal Copper-Gold Porphyry Project located in Southern Peru. Minera AQM Peru SAC is the operator of a 50/50 JV with Teck Resources Limited through a sole purpose Peruvian company formed for Zafranal as announced in its press release on July 8, 2010. The Zafranal project has NI43-101 compliant measured and indicated resources of 301 million tonnes grading 0.47% copper and 0.08 grams per tonne gold, and an inferred resource of 51 million tonnes grading 0.32% copper and 0.06 grams per tonne gold. Management and directors have extensive experience working for the world's largest mining Copper producers. Please refer to the Company's website www.aqmcopper.com for further information regarding the Company and its projects.
Last: 0.50Range: 1.29-0.29Market Cap: 52.7 million
Viking Systems, Inc. Reports Third Quarter Results
Viking Systems, Inc. (OTCBB:VKNG), a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, today announced results for its third quarter ended September 30, 2011. Total sales increased 62% compared with the third quarter of the prior year and 18% compared with the second quarter of 2011.
Financial Highlights for the Quarter
About Viking Systems, Inc.
Viking Systems, Inc. is a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery. It actively markets and sells the only stand alone, FDA cleared, cost-effective 3D system for use in minimally invasive laparoscopic surgery. Viking partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time.
Last Trade: 0.21852 Week: 0.37 – 0.15Market Cap: 15.78 Million
Fushi Copperweld Announces 2011 Third Quarter Results
Fushi Copperweld, Inc. (Nasdaq:FSIN - News), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced financial results for the third quarter ended September 30, 2011.
Third Quarter Highlights
About Fushi Copperweld
Fushi Copperweld Inc., through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co. Ltd., and Copperweld Bimetallics LLC, is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products for electrical, telecommunications, transportation, utilities and industrial applications. With extensive design and production capabilities, and a long-standing dedication to customer service, Fushi Copperweld is the preferred choice for bimetallic products worldwide.
Last Trade: 6.7252 Week: 11.26 – 4.06Market Cap: 256.73 Million
Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) is pleased to report assays from the 41 infill diamond drill holes at the Bisha Main deposit.
Highlights
Select High Grade Results Include:
About
Nevsun Resources is a growing high grade, low cost gold producer focused on its Bisha Mine in Eritrea, East Africa. Bisha is a large precious and base metal volcanogenic massive sulphide deposit that went into commercial gold-silver production in February 2011. The Bisha Mine is expected to produce more than 1.14 million ounces of gold, 11.9 million ounces of silver, 821 million pounds of copper, and over 1 billion pounds of zinc during its initially estimated 13 year mine life. In 2013, the processing plant will be expanded and transition into low cost copper, gold, and silver production.
Last Trade: 5.4052 Week: 7.75 – 4.32Market Cap: 1.08 Billion
Ballantyne Reports Diluted Q3 EPS of $0.33 on 93% Increase in Net Revenues to $63.4 Million
Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, today reported all-time record financial results for the third quarter (Q3) and nine months ended September 30, 2011.
Third Quarter Highlights
Nine-Month Results
Net revenues rose 46.0% to $132.9 million. Gross profit rose 36.8% to $22.9 million, and was 17.2% of net revenues, versus $16.7 million, or 18.4% of net revenues. Net earnings were $8.7 million, or $0.60 per diluted share, compared to net earnings of $6.1 million, or $0.42 per diluted share, in the first nine months of 2010.
About Ballantyne Strong, Inc. (www.strong-world.com)
Ballantyne Strong is a provider of digital cinema projection equipment and services as well as cinema screens, motion picture projectors and specialty lighting equipment and services. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world.
Last Trade: 3.8052 Week: 9.74 – 2.56Market Cap: 54.92 Million