AGORACOM Small Cap TV - June 13th - Highlights
posted on
Jun 13, 2012 09:52AM
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 June 13th, 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 ... or click on the image below.
Positive Preliminary Economic Assessment for Serabi's Palito Gold Project Supports Re-Start of Mining Operations
Serabi Gold plc (AIM: SRB) (TSX: SBI) (TSX: SBI.WT),
the Brazilian focused gold exploration and development company, is pleased to announce the results of a Preliminary Economic Assessment (the "PEA") for its 100%-owned Palito Gold Project ("Palito" or "the Project"), located in Para State, Brazil.
The PEA indicates a project after tax internal rate of return of 68% and has been based only on the previously declared mineral resource estimates for the Palito gold mine and does not consider any additional resources that could be developed from the three discovery areas established in 2011 of Palito South, Currutela and Piaui. The directors believe that the PEA results support a small scale, high grade operation using selective mining techniques and the Board intends, subject to financing, to undertake the necessary mine development and remedial works as soon as possible with the intention of the first gold being produced in the third quarter to 2013.
Highlights of the Palito PEA are as follows:
About the company
Serabi Gold plc is a gold exploration company involved in the evaluation and development of gold deposits in Brazil.The company’s primary interest is the 100% owned Palito Gold Mine located in the Tapajos region of northern Brazil and a surrounding 53,000 hectares of highly prospective exploration tenements that the company controls.
Last: 0.11Range: 0.49-0.085Market Cap: 10 million
Duluth Metals Announces New AMEC NI 43-101 Technical Report Confirming Significant Increases to Twin Metals' Copper-Nickel-Palladium-Platinum-Gold Resource
Duluth Metals Limited ("Duluth") (TSX: DM) (TSX:DM.U)
today announced that Twin Metals Minnesota LLC (TMM), has received a new draft NI 43-101 Technical Report on the consolidated mineral resources for the Twin Metals Minnesota Project in Northeastern Minnesota prepared by AMEC E&C Services Inc.
About Duluth Metals Limited
Duluth Metals Limited is committed to acquiring, exploring and developing copper, nickel and platinum group metal (PGM) deposits. Duluth Metals has a joint venture with Antofagasta plc on the Twin Metals Project, located within the rapidly emerging Duluth Complex mining camp in north-eastern Minnesota. The Duluth Complex hosts one of the world's largest undeveloped repositories of copper, nickel and PGMs, including the world's third largest accumulation of nickel sulphides, and one of the world's largest accumulations of polymetallic copper and platinum group metals. Aside from the joint venture, Duluth Metals retains a 100% position on approximately 40,000 acres of mineral interests on exploration properties adjacent to and nearby the Twin Metals Minnesota LLC joint venture.
Last: 1.88Range: 2.97-1.77Market Cap: 236 million
Anaconda's Pine Cove mine has record fiscal Q4 2012: 3,677 ounces of gold sold and over $6.0M in revenue
Anaconda Mining Inc. - (TSX: ANX)
is pleased to announce certain financial and operating results from the fiscal fourth quarter and full year ended May 31, 2012. During the fourth quarter, the Company sold 3,677 ounces of gold and generated $6,035,734 in revenue at an average sales price of $1,642 per ounce. The fourth quarter sales volume and revenue were approximately 12% and 9% greater than the third quarter sales volume and revenue, respectively.
For fiscal 2012, the Company sold 11,978 ounces of gold and generated $19,905,756 in revenue at an average sales price of $1,662 per ounce. Compared to fiscal 2011, sales volume and revenue increased 124% and 172%, respectively.
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: 0.10Range: 0.12-0.065Market Cap: 17.6 million
Aldridge Announces an Updated 43-101 Resource Estimate
- Yenipazar Contained Gold Equivalent Now Stands at 2.62M oz Grading 3.05 g/t -
- Significant Improvement in Gold Recoveries -
- Conference call scheduled for today at 11:00 am ET -
Aldridge Minerals Inc. (TSX Venture: AGM) ("Aldridge") is pleased to announce an in pit updated National Instrument 43-101 mineral resource estimate for its Yenipazar polymetallic deposit in Turkey. The estimate is based on all drilling completed to the end of 2011 (54,774 meters), and includes 7,202 metres of diamond drilling.
Highlights of the June 2012 Resource Estimate
- Indicated resource - 2.62M gold equivalent ounces at 3.05 g/t
- Gold recoveries now stand at 92%
- Indicated resources increased 9.9% to 26,684,000 tonnes from 24,284,000 tonnes
- Inferred resources increased 432% to 1,159,000 tonnes from 218,000 tonnes
About Aldridge Minerals Inc.
Aldridge is a near development stage mining company focused on advancing its Yenipazar polymetallic VMS deposit (Au, Ag, Cu, Pb, Zn) in Turkey - a country that is committed to developing its natural resources and is rapidly emerging as an economic powerhouse. Aldridge is currently building on its December 2010 Preliminary Economic Assessment with a Feasibility Study, which Aldridge expects to complete by the end of 2012. The Yenipazar deposit is subject to an earn-in agreement with Alacer Gold Corp., wherein Aldridge can earn a 100% working interest subject to certain conditions, subject to a 6% net profit interest ("NPI", revenues less operational costs) until revenues of US$165 million are generated, and a 10% NPI from there on.
Last: 0.42Range: 1.32-0.42Market Cap: 22.4 million