Message: AGORACOM Small Cap TV - March 14th - Highlights
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 14th , 2012, and we’ve found 4 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.
Timmins Gold Corp Announces Updated Resource Estimates for the San Francisco Gold Project
Timmins Gold Corp (TSX:TMM)(NYSE Amex:TGD) is pleased to announce an updated resource estimate for the San Francisco Gold Project in the state of Sonora, Mexico. The last update was announced on September 20, 2011.
Mineral Resource Estimate with Drill Data as of November 30th, 2011
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MetricContained
OretonnesGoldGold
PITType(1000)g/tOunces
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San Francisco PitMeasured46,6140.63949,000
Indicated22,4820.59426,000
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Total Measured Indicated69,0960.621,375,000
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Inferred79,4560.451,156,000
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La Chicharra PitMeasured11,3960.50182,000
Indicated1,3050.4418,000
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Total Measured & Indicated12,7010.50200,000
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Inferred13,7460.44195,000
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TotalMeasured58,0100.611,131,000
Indicated23,7870.58444,000
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Total Measured Indicated81,7970.601,575,000
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Total Inferred93,2020.451,351,000
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp. is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is a past-producing open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year.
Last: 2.56Range: 3.45-1.74Market Cap: 362 million
Claude Resources Inc. Increases Inferred Resource Base 236 % at the Seabee Gold Operation, Saskatchewan
Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR)
today reported an updated National Instrument 43-101 ("NI 43-101") gold reserve and resource from its 100 percent owned Seabee Gold Operation, Saskatchewan, Canada.
Highlights include the following:
- Mineral reserves increased, net of mining depletion, to 355,600 ounces at 5.37 grams per tonne from 352,600 ounces at 5.58 grams per tonne. Mineral reserves increased 18 percent at the Seabee Gold Mine, while reserves decreased 19 percent at the Santoy 8 Gold Mine.
- Measured and indicated resources increased to 70,700 ounces at 5.35 grams per tonne from 49,600 ounces at 5.70 grams per tonne, representing a 43 percent increase from 2010.
- Inferred mineral resources increased to 873,400 ounces at 6.48 grams per tonne from 260,100 ounces at 6.23 grams per tonne in 2010, representing a 236 percent increase in contained ounces year over year.
- A significant portion of the increases came from the discovery and delineation of the L62 and Santoy Gap deposits. Individually, the L62 deposit added 70,400 ounces to the probable reserve and 40,300 ounces to the inferred resource and the Santoy Gap deposit added 495,000 ounces to the inferred resource.
- In 2012, the Company has budgeted 130,000 metres of drilling at the Seabee Gold Operation with a focus on continued resource and reserve growth at the Seabee Mine, Santoy 8 and Santoy Gap.
About the company
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). Claude is a gold exploration and mining company with an asset base located entirely in Canada. Since 1991, Claude has produced over 973,000 ounces of gold from its Seabee mining operation in northeastern Saskatchewan. The Company also owns 100 percent of the 10,000 acre Madsen Property in the prolific Red Lake gold camp of northwestern Ontario and owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
Last: 1.07Range: 2.73-1.07Market Cap: 185 million
Salazar Drilling Expands El Domo Mineralization and Intercepts 16.52 Meters of 4.49% Copper and 0.51 g/t Gold
Salazar Resources Ltd. (TSX VENTURE:SRL) (FRANKFURT:CCG) –
is pleased to report results from an additional five holes (1,217.56 meters) from the ongoing diamond drill program on its 100% owned (30,327 ha) Curipamba volcanogenic massive sulphide (VMS) project in Ecuador.
The 5 holes were drilled to test for mineralization under the andesite sill, east of the El Domo resource block (Figure 1), and to further test the area surrounding hole CURI-160 which returned 10.31 meters grading 0.86 g/t gold, 17.32 g/t silver and 6.02% copper (as reported on February 8, 2012). These holes represent new exploratory drilling and were not included in the new El Domo resource estimate which was reported on January 12, 2012.
Highlights:
- CURI-164, drilled approximately 80 meters east of CURI-156, intersected 16.52 meters grading 0.51 g/t gold, 17.10 g/t silver, 4.49 % copper and 0.81 % zinc.
- CURI-165, drilled approximately 70 meters east of CURI-151, intersected 17.50 meters grading 0.49 g/t gold, 5.10 g/t silver and 1.19% copper
- CURI-166, drilled approximately 50 meters east of CURI-79, intersected 4.79 meters grading 0.88 g/t gold, 8.58 g/t silver, 1.27% copper and 1.09% zinc
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: 0.59Range: 1.20-0.365Market Cap: 27.2 million
North Bay Resources Inc. (NBRI) Reports Concentrate Assays of 114 g/t Gold and 65 g/t Silver at Monte Cristo JV Project
North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to report that samples of black sand concentrate from our Monte Cristo JV project in the Lillooet River Valley near Harrison Lake, British Columbia, have returned concentrate assay values as high as 114 grams (3.66 ounces) per tonne gold and 65 grams (2.09) per tonne silver.
The first round of soil sampling was exceptionally promising, showing visible gold flakes in 10 out of 17 samples collected. Most of the samples consisted of 60-90% fine to medium grained dark gray sand, with 10-30% sub angular light gray fine gravel.
---------------------------------------------------------------------------- SAMPLE Weight Au Au Ag Ag Pt Pd ---------------------------------------------------------------------------- g/t g/t DESCRIPTION kg g/t (diluted)** g/t (diluted)** g/t g/t ---------------------------------------------------------------------------- PS04-120215 0.08 5.66 0.28 23.00 1.15 0.012 0.005 ---------------------------------------------------------------------------- PS12-120216 0.14 112.50 5.63 nil nil nil nil ---------------------------------------------------------------------------- PS15-120516 0.1 114.00 5.70 nil nil nil nil ---------------------------------------------------------------------------- PS16-120216 0.08 74.80 3.74 65.10 3.26 nil nil ------------------------------------------------------------------
About North Bay Resources Inc.
North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently planning to acquire additional operating mines in the western US.
Last Trade: 0.097 52 Week: 0.22 – 0.041 Market Cap: 9.4 Million
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