AGORACOM Small Cap TV - July 16th - Highlights
posted on
Jul 16, 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 16th, 2012, and we’ve found 4 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.
QMX Gold Produces 5,300 Ounces of Gold in the Second Quarter of 2012
QMX GOLD CORPORATION (TSX:QMX)(OTCQX:AXSMD)
announces that in the second quarter of 2012, the Company produced approximately 5,300 ounces of gold from its Lac Herbin Mine in Val-d'Or, Quebec and has produced 10,800 ounces of gold year to date.
The production results from the Lac Herbin mine continue to reflect the Company's 2012 production guidance of 18,000 to 20,000 ounces for the year. Cash cost information will be released as part of the second quarter financial results expected in mid-August.
Operational Update - Lac Herbin
Since reporting the first quarter 2012 results, QMX Gold continues to see consistently positive results in production levels and mill recovery rates from the Aurbel Mill due to our focus on improving recovery rates, which began at the end of 2011.
About QMX Gold
QMX Gold Corporation is a Canadian publicly traded mining company focusing on mine development and exploration in Quebec and Manitoba. The Company is listed on the Toronto Stock Exchange ("TSX") and trades under the symbol "QMX", and trades in the United States on the Over the Counter QX International ("OTCQX") platform under the symbol "AXSMD". QMX Gold continues to be a dynamic and aggressive mining company operating in Canada's richest mining regions: Val-d'Or, Quebec, and Snow Lake, Manitoba. QMX Gold continues to operate in the mineral rich Val-d'Or area with production estimated at 18,000-20,000 ounces of gold per year. The Company has also begun to ramp-up pre-production activities at its property at the Snow Lake Mining Camp which has a Measured and Indicated Mineral Resources of over 720,000 oz gold and is expected to produce 80,000 ounces of gold per year.
Last: 0.42Range: 0.60-0.025Market Cap: 12.5 million
Pilot Gold Reports 5.48 g/t Gold Over 20.4 Metres From Core Drilling at Kinsley Mountain, Nevada
Pilot Gold (TSX:PLG)
is pleased to report strong intervals of gold mineralization in step-out holes at the Kinsley Mountain project, including 5.48 grams per tonne gold over 20.4 metres in hole PK014C, located 150 metres northeast of hole PK002 which returned 6.23 g/t gold over 8.7 metres in 2011 drilling.
Highlights from the 2012 core drilling program include:
ABOUT PILOT GOLD
Pilot Gold is a gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades and meaningful size in mining-friendly addresses. Our three key assets include interests in the Halilaga and TV Tower projects in Turkey, and the Kinsley Mountain project, a past-producing sediment-hosted gold system in Nevada, each of which has the ability to become a foundational asset. We also have a pipeline of projects, characterized by large land positions and district-wide potential that can meet our growth needs for years to come. For more information, visit www.pilotgold.com.
Last: 1.04Range: 2.69-0.81Market Cap: 64.9 million
Atacama Pacific Intersects 414 Metres Grading 0.67 g/t Gold Including 92 Metres Grading 1.24 g/t Gold at Cerro Maricunga
Atacama Pacific Gold Corporation (TSX VENTURE:ATM)
is pleased to report that all assay results have been received from the recently completed 45,995-metre Phase III drill program on its 100%-owned Cerro Maricunga oxide gold project and work is progressing on an updated resource estimate. The Cerro Maricunga project is located 140 kilometres by road northeast of Copiapo in Chile's prolific Maricunga Mineral Belt. Highlights from the final set of drill results, which are summarized in Table 1, include:
About Atacama Pacific Gold Corporation
Atacama Pacific's primary mineral property is the Cerro Maricunga oxide-associated, breccia-hosted gold project which hosts, as of August 2011, a resource, at a 0.3 g/t Au cut-off grade, of 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. 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 six other mineral properties within close proximity to the Cerro Maricunga Project and a fifth property in Chile's Region I.
Last: 2.75Range: 6.14-2.60Market Cap: 140 million