AGORACOM Small Cap TV - March 9th - Highlights
posted on
Mar 09, 2012 08:48AM
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 March 9th , 2012, 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.
Atacama Pacific Announces Further Results from Cerro Maricunga Drilling Including 144 Metres Grading 1.02 g/t Gold
Atacama Pacific Gold Corporation (TSX VENTURE:ATM) ("Atacama Pacific") is pleased to report further drill results the ongoing Phase III drill program at its Cerro Maricunga Gold Project, located 140 kilometres northeast of Copiapo, Chile. Drill assay highlights include:
-- 1.02 grams per tonne gold ("g/t Au") over 144 metres (CMD-104) from the Crux Zone -- including 34 metres at 2.11 g/t Au; and, -- 0.74 g/t Au over 278 metres (CMD-111) from the Lynx Zone -- including 46 metres at 1.29 g/t Au.
A higher grade core zone of gold mineralization measuring approximately 300 metres by 200 metres and extending to depth has been identified at the Crux Zone. This higher grade zone was cut by CMD-104 (1.02 g/t Au over 144 metres) following up on previous results from CMR-098 (1.54 g/t Au over 96 m) and CMD-001 (1.53 g/t Au over 92 m).
About Atacama Pacific Gold Corporation
Atacama Pacific's principal business is the acquisition, exploration and development of precious metals resource properties in Chile. Atacama Pacific's primary mineral property is the Cerro Maricunga oxide-associated, breccia-hosted gold project. Atacama Pacific's goal is to become a producer of gold through the exploration and development of the Cerro Maricunga Gold Project. Atacama Pacific also owns four other mineral properties within close proximity to the Cerro Maricunga Project and a fifth property in Chile's Region I.
The Cerro Maricunga resource estimate stands at 1.62 million ounces of gold (92.8 million tonnes grading 0.54 g/t Au) in the indicated category with a further 1.95 million ounces (116.7 million tonnes grading 0.52 g/t Au) in the inferred category. The resource estimate was based upon a cut-off grade of 0.3 g/t Au.
Last Trade: 3.75 52 Week: 6.14 – 3.20 Market Cap: 178.69 Million
Norsat Reports Financial Results for the 2011 Fourth Quarter and Fiscal Year Annual Revenues up 90% and EBITDA up 46% over 2010
Norsat International Inc. (“Norsat" or “the Company”) (TSX: NII and OTC BB: NSATF), a leading provider of communications solutions, today reported financial results for the three months and year ended December 31, 2011.
On January 21, 2011 Norsat acquired Sinclair Technologies Holdings Inc. (“Sinclair”), a leading provider of antenna and RF conditioning products, with a diverse range of products and end-markets, for $18.5 million.
Sinclair was awarded a sales order for a total potential of 8,000 antennas to be delivered over a period of three-to-four years. This order represents a revenue opportunity of approximately $1.0 million.
Satellite Solutions was awarded a Cdn$3.5 million sales contract to provide a satellite-based communications network and ongoing satellite airtime to the First Nations’ Emergency Services Society of British Columbia (“FNESS”).
Satellite Solutions was also awarded a new satellite-based communication equipment and services program valued at $1.3 million by the NATO Consultation, Command and Control Agency (“NATO”).
For the year ended December 31, 2011
Total sales for the 12 months ended December 31, 2011 were $38.4 million, compared to $20.2 million in 2010.
Full-year net earnings were $0.4 million in 2011, compared to net earnings of $2.1 million in 2010.
In 2011, EBITDA increased by 46%, or $1.3 million, over 2010 levels. The $3.5 million of EBITDA contributed by the Sinclair Technologies business unit was partially offset by a $2.2 million reduction in EBITDA from Norsat’s other business units.
For the three months ended December 31, 2011
Total sales for the three months ended December 31, 2011 increased to $9.6 million, from $5.6 million over the same period in 2010.
Net loss for the quarter was $0.2 million, compared to net earnings of $0.2 million for the same period in 2010.
EBITDA for the three months ended December 31, 2011 increased by $0.3 million, or 45%, compared to the same period in 2010. Sinclair contributed $0.8 million in EBITDA during the quarter and Microwave products improved its contribution by $0.1 million EBITDA contribution from Satellite Solutions was down by $0.9 million year-over-year due to lower gross margins dollars.
As at December 31, 2011, Norsat had working capital totaling $11.8 million compared to $13.0 million as at December 31, 2010. Shareholders’ equity increased to $18.7 million, as of December 31, 2011, compared to $15.8 million at December 31, 2010.
About Norsat International Inc.
Founded in 1977, Norsat International Inc. is a leading provider of communication solutions that enable the transmission of data, audio and video in remote and austere environments. Norsat's products and services include microwave components, portable satellite systems, antennas, RF conditioning products, maritime solutions, remote network solutions and equipment financing.
Last Trade: 0.518 52 Week: 0.86 – 0.4301 Market Cap: 30.21 Million
-- High-grade gold encountered in multiple holes at the Tel Zone. -- Intersections illustrate potential for expansion of high-grade resource at depth.
Banks Island Gold Ltd. (the "Company") announces that it has received assay results for nine diamond drillholes (1,923m) completed at the Tel Zone in February 2012.
Diamond drilling focused on expansion of the current resource at the Tel Zone. Highlights from the recent drilling include intercepts of 50.8gpt Au, 43gpt Ag over 3.0m in drillhole BIG-12-29 and 26.5gpt Au, 13gpt Ag over 2.5m in drillhole BIG-12-32. Significant mineralized intersections are displayed in Table 1.
Table 1 - Significant Mineralized Intersections --------------------------------------------------------------------------- Core Estimated From To Interval True Au Ag Hole (m) (m) (m) Width (m) (gpt) (gpt) --------------------------------------------------------------------------- BIG-12-29 210.00 212.95 2.95 2.09 50.8 43 --------------------------------------------------------------------------- BIG-12-32 201.00 203.50 2.50 1.78 26.5 13 --------------------------------------------------------------------------- BIG-12-33 91.50 93.00 1.50 1.07 13.7 39 --------------------------------------------------------------------------- BIG-12-34 68.08 68.84 0.76 0.54 4.8 5 ---------------------------------------------------------------------------
About
The Company is a junior mining resource exploration company focused on exploring for and developing economically viable mineral resources. The Company's mineral property is located in British Columbia. For more information, please refer to the Company's website at www.banksislandgold.com.
Last Trade: 0.51 52 WEEK: 0.80 - 0.28 Market Cap: 9.08 Million