AGORACOM Small Cap TV - July 12th - Highlights
posted on
Jul 12, 2012 11:00AM
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 July 12th, 2012, and we’ve found 5 great press release 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.
Cobriza Intersects 142 Metres of 0.51% Copper Equivalent at Arikepay Copper-Gold Porphyry Discovery
Cobriza Metals Corp. (TSX:CZA)
is pleased to announce that additional significant copper-gold-silver ("Cu-Au-Ag") mineralization has been intersected in what is now considered to be a new porphyry discovery at the Arikepay project, Peru. Highlights of these new results include:
RC-12-ARI-006: |
238m averaging 0.29% Cu, 0.13 g/t Au and 1.7 g/t Ag (0.39% Cu Eq*) |
|
including: |
142m averaging 0.36% Cu, 0.17 g/t Au and 2.0 g/t Ag (0.51% Cu Eq*) |
|
RC-12-ARI-005: |
80m averaging 0.12% Cu, 0.32 g/t Au and 1.0 g/t Ag (0.35% Cu Eq*) |
|
About Cobriza Metals
Cobriza Metals Corp. is a TSX listed mineral exploration company focused on exploration and development of base metal mining projects in Peru and Latin America, initially focused on exploration of three of its 100% owned projects: Arikepay, Don Gregorio, and Miraflores.
Last: 0.11Range: 0.51-0.10Market Cap: 3 million
Crocodile Gold Triples Its Gold Production to 36,117 Ounces in the Second Quarter of 2012
Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC) ("Crocodile Gold" or the "Company") is pleased to announce it produced 36,117 ounces of gold in the second quarter of 2012 and 46,876 ounces year to date in the period ending June 30, 2012.
First |
Second |
YTD |
YTD |
|
Ore Processed (t) |
371,439 |
463,176 |
834,615 |
1,393,756 |
Average Grade (g/t Au) |
0.99 |
2.83 |
2.01 |
2.51 |
Mill Recovery (%) |
92.0% |
87.4% |
89.5% |
86.6% |
Gold oz Produced |
10,759 |
36,117 |
46,876 |
94,770 |
Note 1: Includes production from Fosterville and Stawell post May 4th acquisition |
About Crocodile Gold
Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and in the State of Victoria with a land package of over 3,900 square kilometres. Crocodile Gold is currently mining at the Fosterville and Stawell mines in the State of Victoria. In the Northern Territory, the Company continues to develop its Cosmo underground mine and is permitting the International open pit mine. The Northern Territory ore production is processed at the Union Reefs Mill with a capacity of 2.4 million tonnes per year.
Last: 0.37Range: 0.86-0.315Market Cap: 149 million
San Gold Reports Q2 Production of 18,241 oz Gold Despite Mill Interruption
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF)
today announced preliminary results of 18,241 ounces of gold produced plus 55,000 tons of ore in surface stockpiles, representing approximately 10,000 ounces of gold. Overall, that brings total mine production to more than 28,000 ounces of gold during the quarter, a new company record, and positions the Company well to meet or exceed full year production guidance of between 95,000 and 105,000 ounces of gold in 2012.
"We are extremely pleased with the progress being made as we continue to increase production volumes in Rice Lake. We continue to acquire new, low-cost ounces and expose our shareholders to significant exploration upside in very favourable geologic belts within underexplored jurisdictions in Canada. We are very disappointed in the market's recent performance but remain confident that simply doing the right things right, investing wisely and remaining debt free, will deliver long-term shareholder value. We have an excellent team at all levels focused on the long-term generation of shareholder wealth," said San Gold President and Chief Executive Officer George Pirie.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
Last: 0.86Range: 3.74-0.85Market Cap: 279 million
Goldrush Files Technical Report Documenting 309,000 ounces of gold in the Measured and Indicated Resource Categories in the Ronguen Deposit of the Prospective Bissa Area of Burkina Faso, West Africa
Goldrush Resources Ltd. (TSX-V: GOD)
is pleased to announce that it has filed a technical report (the "Report") on its Ronguen Gold Project, pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects, which is available under the Company's profile at www.sedar.com. The Report supports the disclosure contained in the Company's news release issued on May 24, 2012, announcing the results of an updated Mineral Resource Statement prepared for the Ronguen Gold Project by SRK Consulting (Canada) Inc. ("SRK") in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.
The oxide mineral resources, include 150,000 ounces of gold in the Measured category (4.143 million tonnes grading 1.12 grams of gold per tonne ("gpt Au"); 159,000 ounces of gold in the Indicated category (3.861 million tonnes grading 1.28 gpt Au); and 8,000 ounces in the Inferred category (136,000 tonnes grading 1.91 gpt Au) using a cut-off grade of 0.4 gpt gold. In addition, the bottom of the conceptual pit shell used to constrain the mineral resource statement is estimated to contain 23,000 ounces of gold in the Measured and Indicated categories in fresh rock (483,000 tonnes grading 1.51 gpt Au) and 44,000 ounces of gold in the Inferred category (754,000 tonnes grading 1.83 gpt Au), at a cut-off grade of 0.7 gpt Au.
About Goldrush:
Goldrush is a Canadian mineral exploration company which has successfully focused on gold exploration in West Africa, where the company has discovered, and is currently expanding and defining the 332,000 ounce measured and indicated resource (8,847 million tonnes at a grade of 1.22 g/t Au) and inferred resource of 52,000 ounce (890,000 tonnes at a grade of 1.85 g/t Au) of the Ronguen gold deposit in Burkina Faso.
Last: 0.06Range: 0.235-0.045Market Cap: 8.3 million
Afferro Mining Inc. - Filing of Preliminary Economic Assessment for Nkout Project
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES./
TSX-V: AFF
AIM: AFF
LONDON, UK, July 12, 2012 /CNW/ - Afferro Mining Inc. ("Afferro" or "the Company"), the exploration and development company focused on iron ore in West Africa is pleased to announce the filing of its National Instrument 43-101 ("NI 43-101") compliant preliminary economic assessment ("PEA") for the Nkout project in Cameroon ("Nkout"). This follows the news release dated 28 May 2012 announcing the details of the PEA.
With this news release, the Company is reporting the filing as required under the NI 43-101. A copy of the document may be obtained via www.sedar.com and on the Company's corporate website www.afferro-mining.com. The previously announced highlights of the Nkout project are as follows:
About Afferro Mining Inc.
Afferro is an established exploration and development company listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100% owned Nkout, Ntem and Akonolinga iron ore projects. It also holds a 70% interest in the Ngoa project, an exploration target bordering Nkout. Nkout comprises an NI 43-101 compliant Indicated Mineral Resource Estimate of 1.18Bt at 32.7% Fe and an Inferred mineral resource estimate of 1.34Bt at 30.4% Fe. Afferro currently has a cash position of $51m, leaving it well placed for medium-term funding of all its projects.
Last: 0.70Range: 1.69-0.61Market Cap: 73 million