AGORACOM Small Cap TV - November 10th - Highlights
posted on
Nov 10, 2011 09:31AM
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 10th, 2011, and we’ve found 2 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.
Castle Resources Continues to Intersect High-Grade Copper Across a 1.2 km Strike Length at the Granduc Copper Project
Castle Resources Inc. (TSX VENTURE:CRI)
is pleased to announce its fourth positive set of drill core assay results from its recently completed 30,000 meter surface exploration program at the Granduc Copper Project located near Stewart, B.C.
- GD11-33 Intersects 15 Meters of 1.91% Cu and GD11-39 Intersects 18 Meters of 1.58% Cu Beneath Granduc Mine Workings on the Main Zone - New Granduc Assay Results Currently Being Entered Into an Updated NI 43-101 Resource Estimate To Be Published January 2012
"These new assay results continue to demonstrate the continuity of high-grade copper mineralization along a kilometer+ strike at the Granduc," stated Mr. Mike Sylvestre, President & CEO of Castle Resources. "Not only are these impressive results adding value to a growing database of assays that confirm copper mineralization extends 600 meters to the south of the historic mine workings, but also they are clearly demonstrating that there is a strong possibility of discovering significant additional resources downdip."
About Castle Resources
Castle is a Toronto-based junior mineral development company focusing on high-quality, advanced projects. Management's goal is to continue the redevelopment of the 100% owned past producing Granduc Copper Mine and begin new exploration activities; as well, management is advancing the Elmtree Gold Project in New Brunswick toward feasibility in 2011. Castle has issued and outstanding shares of 115 million. For more information please visit the Castle Resources' website at www.castleresources.com.
Last: 0.50Range: 0.95-0.34Market Cap: 57.9 million
Timberline Extends High-Grade Zone at Butte Highlands by Drilling 51.8 Feet (15.8 Metres) Grading 0.43 Ounces of Gold per Ton (14.6 Grams per Tonnes
Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE Amex:TLR)
today announced continued drilling success from its 50,000-foot underground core drill program at the Butte Highlands Joint Venture Gold Project in southwestern Montana.
Paul Dircksen, Timberline's President and CEO, commented, "We are especially impressed with the broader zones of consistent high-grade gold in the mineralized blocks at Butte Highlands. These are exceptional results that extend the deposit while improving the quality and reliability of our geologic model and our mine model as we move toward production."
The drill program at Butte Highlands was designed for detailed delineation of gold mineralization and for production planning purposes. Drilling continues to expand and in-fill the deposit with broad intercepts of high-grade gold. Fifteen distinct intervals grading in excess of 0.10 ounces per ton (opt) (3.4 grams per tonne (g/t)) gold were identified within the six holes reported today. Highlights include:
Hole # BHUG11-058: 51.8 feet (15.8 metres) grading 0.43 opt (14.6 g/t) gold , including 5.0 feet (1.5 metres) grading 1.03 opt (35.4 g/t) gold; 13.1 feet (4.0 metres) grading 0.11 opt (3.3 g/t) gold;
About Timberline Resources
Timberline Resources Corporation is exploring and developing advanced-stage gold properties in the western United States. The Company is primarily focused on the goldfields of Nevada, where it is advancing its flagship Lookout Mountain Project toward a production decision while exploring a pipeline of quality earlier-stage projects at its South Eureka Property and elsewhere. Timberline also features a 50-percent carried-to-production interest at its Butte Highlands Joint Venture where gold production is slated to commence early in 2012. Timberline management has a proven track record of discovering economic mineral deposits and developing them into profitable mines.
Last: 0.66Range: 1.30-0.52Market Cap: 36.7 million