AGORACOM Small Cap TV - April 24th - Highlights
posted on
Apr 24, 2012 09:11AM
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 April 24th, 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 ... or click on the image below.
NioGold's Marban Property Recovers 95.4 - 97.6% Gold in Metallurgical Testwork
NioGold Mining Corporation (TSX-V:NOX) (OTCQX: NOXGF)
is pleased to announce the results of preliminary metallurgical testing for two composite samples from the Marban Block property conducted by SGS Mineral Services. Ore cyanidation testing produced results ranging from 95.4% to 97.6% gold recoveries. The Marban Block property is located in the Malartic gold camp in the Abitibi Region of Quebec and is subject to an earn-in by Aurizon Mines Ltd.
Two gold-bearing composite samples were examined at the SGS Mineral Services Lakefield site. The #1 composite containing an assay grade of 1.24 g/t gold was designed to study the metallurgical response of a low grade envelope. The #2 composite containing an assay grade of 4.59 g/t gold and was designed to represent the high grade envelope. After 48 hours, gold recoveries ranged from 95.4% to 97.6% for composite #1 and 95.7% to 97.3% for composite #2. Finer grinding typically increased the gold recovery at the cost of higher cyanide consumption.
NioGold Mining Corporation - On Canada's Golden Highway
NioGold Mining Corporation is a mineral exploration company focused on gold. The Company's flagship projects are located in the Cadillac - Malartic - Val-d'Or region of the prolific Abitibi gold mining district Quebec. The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's and presently encompasses six producing gold mines including Osisko Mining's new Canadian Malartic operations. NioGold's land holdings within the Abitibi presently cover 126km2 and encompass three former gold producers, namely the Norlartic, Kierens (First Canadian), and Marban mines that collectively produced 600,000 ounces of gold. NioGold has outlined Indicated resources of 598,000 ounces gold and Inferred resources of 361,000 ounces gold in and around these deposits.
Last: 0.37Range: 0.465-0.295Market Cap: 36.7 million
El Dovio Metallurgy Recovers Over 96% Gold and Copper for Colombian Mines
Colombian Mines Corporation (TSX VENTURE:CMJ)(FRANKFURT:X6C)
announces recoveries of 96.4% of the contained gold, 97.8% of copper, 91.1% of silver and 96.8% of the zinc in metallurgical tests on mineralization from the Sabana Blanca zone at El Dovio. McClelland Laboratories, Inc. of Reno, Nevada supervised and conducted the tests using conventional milling and froth flotation techniques. Mr. Gene McClelland, a well known, highly respected metallurgist and principal of McClelland Laboratories stated that in "more than 38 years of experience, the El Dovio mineralization is some of the most responsive to flotation recovery that I have ever seen".
About Colombian Mines Corporation
Colombian Mines Corporation is an aggressive exploration and development stage company with a distinct "first mover" advantage in Colombia and the largest portfolio of 100% direct owned mineral assets among comparable companies in Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is also one of Colombia's leading "Prospect Generators" and applies an aggressive business model of organic growth through exploration while leveraging shareholder value through strategic alliances. Colombia is widely recognized as a highly prospective, under-explored country with exceptional mineral potential. Further information can be found on our website at www.colombianmines.com.
Last: 0.46Range: 0.81-0.25Market Cap: 14.9 million
B2Gold Corp. Announces an Updated Resource Calculation for the Gramalote Gold Property in Colombia
B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF)(PINKSHEETS:BGLPF)
is pleased to announce AngloGold Ashanti Ltd. ("AngloGold Ashanti") has completed a new JORC and National Instrument 43-101 compliant mineral resource estimate for the Gramalote Central Zone and Trinidad. The Gramalote property is a 51% - 49% AngloGold Ashanti - B2Gold joint venture, with AngloGold Ashanti as the manager, and is located 230 kilometres ("km") northwest of Bogota and 80 km northeast of Medellin in central Colombia.
Total measured and indicated resources at Gramalote Central at a 0.25 gram per tonne ("g/t") gold cut-off, within a US$1,600 per ounce gold optimised Whittle pit consists of 97.1 million tonnes grading 0.81 g/t gold for a total of 2.5 million troy ounces of gold. The Gramalote Central and Trinidad inferred resource is 95.7 million tonnes grading 0.44 g/t gold for a total of 1.36 million troy ounces of gold using similar parameters as the measured and indicated resource.
The following table outlines the updated Gramalote resource calculation on a 100% basis using a 0.25 g/t gold cut-off grade and within a US$1,600 per ounce gold optimized Whittle pit:
Category |
Tonnes |
Gold Grade |
Contained Metal |
Measured Gramalote Central |
30,500,682 |
0.85 |
834,441 |
Indicated Gramalote Central |
66,607,261 |
0.79 |
1,701,052 |
Total Measured and Indicated Gramalote Central2 |
97,107,943 |
0.811 |
2,535,493 |
Inferred Gramalote Central |
52,159,306 |
0.35 |
594,599 |
Inferred Trinidad2 |
43,529,119 |
0.55 |
769,727 |
Total Inferred |
95,688,425 |
0.441 |
1,364,326 |
B2Gold Corp. is a Vancouver based gold producer with two mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Uruguay and Namibia. B2Gold was founded in 2007 by the former executive and management team of Bema Gold Corporation. Bema grew from a junior explorer to an international gold producer that was acquired by Kinross Gold Corporation through a Cdn$3.5 billion transaction in February 2007.
Last: 3.50Range: 4.55-2.71Market Cap: 1.3 billion