AGORACOM Small Cap TV - December 6th - Highlights
posted on
Dec 06, 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 December 6th, 2011, and we’ve found 10 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.
Marathon Gold Hits Significant Gold Intervals in a Thick Quartz-Tourmaline-Pyrite Alteration Envelope at J. Frank Zone
Marathon Gold Corporation (MOZ: TSX)
today announced that it has hit an intersection with thick intervals of near surface gold-bearing quartz-tourmaline-pyrite alteration containing gold during initial drilling at the J. Frank Zone, Valentine Lake Project (Figure 1).
Significant new near surface J. Frank Zone intercepts include:
VL-11-366 with 3.49 g/t Au over 3.75 meters including 10.23 g/t Au over 0.75 meters
VL-11-376 with 4.47 g/t Au over 2.25 meters including 13.30 g/t Au over 0.75 meters
"We believe that the new J. Frank Zone discovery will be advantageous for Marathon and hitting this intersection, which contains high grade gold intervals within a more than 80 meter thick quartz-tourmaline-pyrite alteration envelope, provides further encouragement. The style and intensity of this mineralization is identical to that of the Leprechaun Gold Deposit which is located 1.5 kilometers along strike to the north-east. As it is still early days, we plan to carry out a drilling program that will aim to identify the wider and higher grade gold areas within the J. Frank Zone," said Phillip Walford, President and CEO of Marathon Gold Corporation.
About Marathon Gold Corporation
Marathon Gold Corporation is a North American gold resource development company, with projects located in the mining friendly province of Newfoundland and Labrador, and a project in the prolific Coeur d'Alene Mining District of Idaho. Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects. Marathon is continually evaluating new gold resource development projects of merit that are located within the Americas. Marathon's focused and low-cost approach to exploration and resource development has an established record of delivering rapid growth. For more information visit: www.marathon-gold.com
Last: 1.33Range: 2.07-1.00Market Cap: 39 million
Endeavour Silver Continues to Extend High Grade Silver-Gold Mineralization in the Daniela Vein at the Guanajuato Mine in Mexico
Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD)
announces that exploration drilling in the Lucero South area of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein.
Drilling highlights in the Daniela vein include 391 grams per tonne (gpt) silver and 6.56 gpt gold over 3.70 meters (m) true width (21.5 ounces per ton (opT) silver equivalent (based on a silver:gold ratio of 53:1) over 12.1 feet (ft)) in hole DN-31; and 167 gpt silver and 3.32 gpt gold over 7.23 m true width (10.0 opT silver equivalent over 23.7 ft) in hole DN-26.
About Endeavour Silver Corp. - Endeavour Silver is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted six consecutive years of growing silver production, reserves and resources. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.
Last: 11.25Range: 13.10-5.40Market Cap: 982 million
Lions Gate Metals Intersects 0.68% Copper Equivalent Over 147.87 Metres at Poplar Project
Lions Gate Metals Inc. (TSX VENTURE:LGM)
is pleased to announce assay results from Hole 11-PC-97, the second hole released from the recently completed 29 hole, 11,913.93 metre diamond drill program at the Poplar Project. Hole 11-PC-97 was located along the northern side of the main zone of mineralization. Results indicate the zone remains open to the north and at depth. The hole intercepted mineralization over its entire length.
Results are as follows:
From |
To |
Width (m) |
Cu% |
Mo% |
Au g/t |
Ag g/t |
Cu Eq% |
358.53 |
506.4 |
147.87 |
0.45 |
0.022 |
0.13 |
3.42 |
0.68 |
About Lions Gate Metals
Lions Gate is a Canadian based, junior resource company focused on the exploration, development, and acquisition of Copper projects. Lions Gate owns five substantial projects in British Columbia. The 100% owned flagship project is the Poplar porphyry copper - gold deposit near Houston, BC. The Huckleberry Mine, located approximately 35 kilometres southwest of the Poplar Deposit, produces copper and molybdenum from a deposit of similar age and setting. In 2011, LGM optioned the right to acquire 75% of the ROK-Coyote project near Iskut, BC which sits adjacent to Imperial Metals' Red Chris Project. These two projects are the main focus of the 2012 Exploration Program.
Last: 0.45Range: 0.98-0.34Market Cap: 10.6 million
Barkerville Gold Mines Receives Provincial Government Approval for the Bonanza Ledge Gold Mine
Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB)
is pleased to report it has received approval of Mines Act Permit M-238 to develop an open pit gold mine at its Bonanza Ledge property near Wells, British Columbia.
The Application, submitted to the B.C. Chief Inspector of Mines in accordance with Part 10.12 of the Health, Safety and Reclamation Code for Mines in British Columbia in August 2010 was formally accepted for review on November 29, 2010. The proposal was reviewed by strategic provincial and federal government agencies, with coordination by the B.C. Ministry of Mines Kamloops office and subsequently by the Chief Inspector's office in Victoria, B.C.
Approximately 73,000 tonnes of ore per year will be produced at the Bonanza Ledge Mine, for a current mine life of four (4) years. The average grade is approximately 9.05 grams per metric tonne (or approximately 0.264 ounces per short ton). The mine design is the culmination of geological exploration, engineering and environmental studies undertaken by the Company in the Barkerville camp since the Bonanza Ledge deposit was discovered in 2000. This work included the extraction of a 10,000 tonne underground bulk sample at Bonanza Ledge in 2004 containing approximately 7,000 ounces of gold.
About the company
Barkerville has recently become Canada's newest gold producer as mining activities at the QR Mine & Mill have led to the first gold dore production in September 2010. The permitting of the Bonanza Ledge property should allow the Company to source addition mill-feed from its existing properties and raise the anticipated production goals for 2011 to 50,000 oz.
Last: 0.91Range: 2.33-0.91Market Cap: 71 million
Redstar Intersects Bonanza Grade Gold-Silver on the Unga Project, Alaska
Redstar Gold Corp. (TSX VENTURE:RGC)
is pleased to report results from the final three holes of the ten hole program completed on the Unga Project in Alaska. The holes tested the bonanza grade Shumagin Vein that has remained unexplored since the 1980's. Results from the first seven holes (announced November 28, 2011) indicated strong continuity of the high-grade gold-silver mineralization down dip, and indicted the presence of wide zones of gold-silver mineralization around the core high-grade veins.
Highlights from the latest three holes, include a bonanza grade interval of 246 g/t gold and 136 g/t silver over 1.65 metres (7.2 ounces/ton gold and 4.0 ounces/ton silver over 5.4 feet).
About Redstar Gold Corp.
Redstar has fourteen gold projects in Nevada, the Unga project in Alaska and the Newman Todd project in the Red Lake district, Ontario. The Unga Project in Alaska includes the high-grade Shumagin gold deposit, the Centennial disseminated bulk-tonnage gold deposit and the Apollo-Sitka high-grade gold vein system, which produced approximately 150,000 oz of gold in the early 20th century.
Last: 0.59Range: 0.68-0.18Market Cap: 39.3 million
Probe Mines Announces Additional Assay Results For Its Borden Lake Gold Project: Infill Drilling Returns Up to 100.9 Metres Grading 1.1 g/t Au; Options Granted
Probe Mines Limited (TSX VENTURE:PRB)
is pleased to announce that it has received further assays from the ongoing drilling program at the Company's Borden Lake Gold Project near Chapleau, Ontario. Results for diamond drill holes BL11-106 to BL11-114 were received with intersections of up to 100.9 metres averaging 1.1 g/t gold ("Au") in infill drilling. Drilling results confirm the continuity of the mineralized zone within the previously announced Initial Resource Estimate and are also successfully identifying the hanging-wall "satellite zone" first noted in the Initial Resource Estimate. A significant zone of "satellite zone" mineralization was identified in Hole BL11-113, grading 1.9 g/t over a width of 9 metres. A number of higher-grade zones were also identified within the main deposit and include 23 metres averaging 2.1 g/t Au in BL11-106 and 17.8 metres grading 2 g/t Au in Hole BL11-111. Updated plans and sections are available on the Company's website at www.probemines.com.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $34MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold resource on its Borden Lake project near Chapleau, Ontario and owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit. Probe is also exploring its Cree Lake gold project in Ontario's Swayze Belt, under option from Mantis Mineral Corp, and maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, which began production in 2008. Probe also maintains a 45% interest in a joint venture property with Lake Shore Gold Corp, which surrounds Lake Shore's Timmins Mine project. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.
Last: 2.60Range: 2.70-1.01Market Cap: 163 million
LRAD Corporation Reports Record Fiscal Year Revenues and Profits for FY 2011
LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (AHDs), today reported record revenues of $26.5 million and record net income of $0.15 per diluted share for the fiscal year ended September 30, 2011.
In addition to record fiscal year revenues and profits, accomplishments in fiscal 2011 included:
About LRAD Corporation
LRAD Corporation's Long Range Acoustic Device®(LRAD®) directional communication systems are being used around the world in diverse applications including fixed and mobile military deployments, maritime security, critical infrastructure and perimeter security, commercial security, border and port security, law enforcement and emergency responder communications, and wildlife preservation and control.
Last Trade: 1.8052 Week: 3.36 – 1.58 Market Cap: 58.25 Million
NeoGenomics Announces Upward Revisions to its Q4 2011 Revenue Guidance
NeoGenomics, Inc. (NASD OTC BB: NGNM) announced today that it was revising upward its previously issued revenue guidance for Quarter 4, 2011. The Company now expects revenue of approximately $12.0 - $12.5 million in the fourth quarter, an increase from the original guidance of $11.4 - $12.0 million released on October 19, 2011. The Company also re-iterated that it expects to be profitable in Quarter 4 with net income of $0.00 to $0.01 per share.
At the $12.25 million midpoint of this revised revenue guidance, fourth quarter revenue would be 40% higher than it was last year. This year-over-year growth rate compares with 30% in Quarter 3 and 23% in Quarter 2.
On October 19th, 2011, NeoGenomics Reported third quarter Revenue of$11.3 million, an increase of $2.6 million, or 30%, from the $8.7 million reported in the third quarter 2010.
About NeoGenomics, Inc.
NeoGenomics, Inc. is a high-complexity CLIA–certified clinical laboratory that specializes in cancer genetics diagnostic testing, the fastest growing segment of the laboratory industry. The company's testing services include cytogenetics, fluorescence in-situ hybridization (FISH), flow cytometry, morphology studies, anatomic pathology and molecular genetic testing.
Last Trade: 1.3552 Week: 1.84 – 0.96Market Cap: 58.37 million
Winland Ocean Shipping Corp. Announces a US$ 2.2 Million Contract with Viterra
Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping company, today announced Fon Tai Shipping Co., Limited, a subsidiary of the Company, and Viterra Asia Pte Ltd. Singapore have entered a USD 2.2 million shipping contract to transport 53,300 MT yellow peas from Canada to India.
M/V Fon Tai will carry the contracted cargo. Fon Tai will leave Rizhao, China, load the cargo in Vancouver, Canada, call port at Singapore for bunkering and then discharge the shipment in the ports of Vizag and Kolkata in India.
Winland Ocean Shipping Corp.
Winland Ocean Shipping Corp. is a global shipping company with a fleet of Company-owned vessels, mainly in the handysize and Supramax category, engaged in ocean transportation of dry bulk cargoes and chartering brokerage services worldwide.
Last Trade: 0.2352 Week: 1.90 – 0.10Market Cap: 44.85 Million
Augme Technologies Expects to Report Record Third Quarter Revenue of More Than $4.4 Million
Augme Technologies, Inc. (OTCBB: AUGT) ("Augme®") ("the Company"), a technology and services leader in interactive media marketing that offers the only patented and innovative end-to-end mobile marketing platform, today announced that the Company expects to report revenue exceeding $4.4 million for the third fiscal quarter of FY2012, which ended November 30, 2011. This represents an increase of approximately 416% relative to sales of $853,169 in the quarter ended November 30, 2010.
The $4.4 million revenue guidance for the most recent quarter is based on a preliminary review of results and anticipates a sequential revenue increase of more than 240% when compared with reported revenue of $1,287,122 in the second quarter of FY2012, which period ended August 31, 2011.
Business Outlook
The Company is adjusting its revenue guidance for the current fiscal year (FY2012) to $13 million-plus and believes it can achieve positive cash flow during the course of FY2013.
About Augme Technologies, Inc.
Augme Technologies, Inc. (OTCBB: AUGT) provides strategic services and mobile marketing technology to leading consumer and healthcare brands. Its platforms, including AD LIFE™, have provided measurable successes across an industry-leading 130,000+ campaigns for such clients as Macy's, MillerCoors, Nestle, KFC, and Clear Channel. Augme's offerings allow marketers, brands, and agencies to plan, create, test, deploy, and track mobile marketing programs across every mobile channel, including SMS, 2D/QR codes, mobile websites, advertising networks, social media and branded apps.
Last Trade: 1.5352 Week: 4.77 – 1.43Market Cap: 128.2 Million