AGORACOM Small Cap TV - December 21st - Highlights
posted on
Dec 21, 2011 10:00AM
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 21st, 2011, and we’ve found 3 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.
Anaconda Mining sells 2,166 ounces of gold in fiscal Q2 2012 at a record gold price
Anaconda Mining Inc. (TSX: ANX)
is pleased to announce certain financial and operating results from the fiscal second quarter 2012 ended November 30, 2011.The Company sold 2,166 ounces of gold and generated $3,792,044 in revenue at an average sales price of $1,751 per ounce, the highest quarterly average in the Company's history. The second quarter average sales price was approximately 11% greater than the first quarter average sales price of $1,581 per ounce.
ABOUT ANACONDA
Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold mining and exploration company with a producing asset located on the Baie Verte Peninsula in Newfoundland, Canada called the Pine Cove mine.
Last: 0.08 Range: 0.15-0.065Market Cap: 14.1 million
Avion Gold Reports Updated Mineral Resource Estimate at Hounde Property, Burkina Faso Indicated Mineral Resources of 893,000 Ounces of Gold & Inferred Mineral Resources of 712,000 Ounces of Gold
Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF),
today announced its updated mineral resource estimation for the Houndé Project, Burkina Faso (see Figure 1) that includes all exploration drilling completed to date. A summary of the current estimated mineral resources at the Houndé Project are as follows:
Open Pit Indicated mineral resources of 13.41 million tonnes at 2.07 g/t Au for a total of 893,000 ounces of gold at a 0.5 g/t Au cut-off
Open Pit Inferred mineral resources of 10.71 million tonnes at 2.07 g/t Au for a total of 712,000 ounces of gold of gold at a 0.5 g/t Au cut-off
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure.
Last: 1.71Range: 2.57-1.26Market Cap: 752 million
Sandspring Resources Ltd. Continues to Report Positive Drill Results From Its Toroparu Project, Including 127.5m Intercept of 1.83 g/t Gold and 0.15% Copper in Drill Hole TPD280A
SANDSPRING RESOURCES LTD. (TSX VENTURE:SSP)
is pleased to announce additional results from its 2011 infill-drilling program at the Toroparu Gold Deposit in the Republic of Guyana, South America ("Toroparu").
The reported holes TPD 275-285, represent an additional 5,167 m of diamond core drilling within the Main East Zone of the Toroparu Deposit area (Fig. 1). A total of 65,833 m of results have now been reported from the 2011 Drill Program; with a total of 136,552m of drilling reported to date from the Toroparu Deposit.
Highlights include:
--124.5m of 1.44 g/t Au in drill hole TPD 278
--127.5m of 1.83 g/t Au (0.15% Cu) including 19.5m of 4.07 g/t Au (0.35%
Cu) in TPD 280A
--88.5m of 1.01 g/t Au including 43.5m of 1.39 g/t Au (0.09% Cu) in TPD
282
--103.5 m of 1.1 g/t Au in TPD 283
About the company
Sandspring Resources Ltd. is a Canadian junior mining company currently in advanced exploration and prefeasibility assessment of the multi-million ounce Toroparu Gold Deposit in the Republic of Guyana. Visit Sandspring's website at www.sandspringresources.com.
Last: 1.25Range: 3.75-1.20Market Cap: 135 million