Message: AGORACOM Small Cap TV - August 8th - 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 Aug 8th, 2012, and we’ve found 7 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.
Silver Bear Intersects 114 Meters of 97 g/t of Silver Near Surface, Includes 37 Meters of 200 g/t of Silver Containing 8 Meters of 602 g/t of Silver
Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX:SBR) is pleased to announce early drill results from its 2012 drill program on its Mangazeisky silver property located in Yakutia, Russia (the "Property"). As shown in Figure 3, the Property hosts more than 100 silver occurrences in a major North-Northwest trending mineralized structure that stretches along a 35 kilometre corridor. Drilling has confirmed management's belief in the potential to increase the current NI 43-101 compliant mineral resource estimate of 1.1 million tonnes containing 17.9 million ounces silver at 518 g/t Ag of 'Indicated' mineralization and 1.7 million tonnes containing 30.5 million ounces silver at 562 g/t Ag of 'Inferred' mineralization, as set out in its technical report dated September, 2011 (see Press Release, September 28, 2012).
Silver Bear has now received some of the early assay results with more pending laboratory completion. Highlights of early drill core assays include:
--114 meters @ 97 g/t of Silver, hole End-25
--Includes 37 meters of 200 g/t of Silver
--The above 37 meters Includes 8 meters of 602 g/t of Silver
--12 meters @236 g/t of Silver, hole End-22
--Includes 4 meters of 526 g/t of Silver
--10 meters @ 218 g/t of Silver, hole End-20
--Includes 4 meters of 498 g/t of Silver
About the company
The primary business of the Company is the evaluation, acquisition, exploration, and development of silver properties in the Russian Federation. The Company's principal asset is its 100% owned Mangazeisky Project, located approximately 400 kilometres north of Yakutsk, Republic of Sakha, Yakutia of the Russian Federation.
Last: 0.33Range: 1.03-0.25Market Cap: 17.7 million
El Gallo Phase 1 Production Area Drilling Encounters More Gold: 1.3 gpt Gold Over 41.2 Meters Plus New Zinc, Silver & Lead Intercepts
McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce exploration results from its 100% owned El Gallo Complex, in Sinaloa State, Mexico, where on-going drilling continues to expand the resource within the Phase 1 production area (Fig. 1).
The best hole in this news release returned 1.3 gpt gold over 41.2 m, including 4.3 gpt gold over 8.8 m. In addition, we found something new. The most intriguing assay values included 4.2% zinc, 0.9% lead, 0.5 gpt gold, 8.6 gpt silver over 41.0 m, including 7.7% zinc, 1.1 lead, 0.6 gpt, 11.0 gpt silver over 16.9 m and 70.4 gpt silver, 0.3 gpt gold over 11.2 m.
About McEwen Mining (www.mcewenmining.com)
The goal of McEwen Mining is to qualify for inclusion in the S&P 500 by 2015 by creating a high growth, low-cost, mid-tier silver and gold producer focused in the Americas. McEwen Mining's principal assets consist of the San Jose mine in Santa Cruz, Argentina (49% interest); the El Gallo Complex in Sinaloa, Mexico; the Gold Bar Project in Nevada, US; the Los Azules Copper Project in San Juan, Argentina and a large portfolio of exploration properties in Argentina, Nevada and Mexico. In 2012, McEwen Mining is planning to spend approximately US$40 million on exploration.
Last: 3.41Range: 6.40-2.02Market Cap: 624 million
Silver Bull Intersects 22% Manganese Over 34.5 Meters Including 42% Manganese Over
Silver Bull Resources, Inc. (TSX:SVB)(NYSE MKT:SVBL)(NYSE Amex:SVBL) ("Silver Bull") is pleased to announce the renewal of its 2,000 square kilometer Ndjole license by the Ministry of Mines in Gabon for an additional 3 years. Silver Bull is also pleased to provide the results of the work program on the Ndjole license completed over the last 2 years.
Highlights from the manganese drilling include:
--NDDD0002: 22% Mn over 34.5m from 0m; including 42% over 5m or 33.7% over
9m from surface.
--NDDD0001: +11% Mn over 17m from 33m (detection limit for manganese for
analysis is 11% - not analyzed for ore grade manganese).
--NDDD0018: +11% Mn over 7m from 20m (detection limit for manganese for
analysis is 11% - not analyzed for ore grade manganese).
(All intercepts are mineralized lengths of core, true thickness has yet
to be determined)
(Holes NDDD0001 & NDDD0002 each had recoveries of less than 70%)
About Silver Bull: Silver Bull is a US registered mineral exploration company listed on both the NYSE MKT and TSX stock exchanges and based out of Vancouver, Canada. The flag ship "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico and is highly prospective for silver and zinc.
Last: 0.42Range: 0.75-0.41Market Cap: 57.1 million
Boxxer intersects 2.32% copper, 0.01% molybdenum and 31.2g/t silver over a core interval of 8.89m at East Breccia drilling
Boxxer Gold Corp. (TSXV: BXX) (OTC Other-BXXRF) ("Boxxer or the Company")
is pleased to announce analytical results for two diamond drill holes from the East Breccia project located in Ontario. The objective of the confirmation drilling was to verify the reported copper-molybdenum-silver grades in a number of the historical drill holes. The historical drill holes from the East Breccia zone were broken down into three copper grade classes based on the reported copper content in the drill holes. Six historical holes from the three copper grade classes were selected for verification purposes. The six drill holes completed in 2012 were located either at the collar of or as near as possible to the historical drill hole selected for verification.
Highlights:
|
a) |
Diamond drill hole (DDH) EB-02-2012 intersected 2.32% copper, 0.01% molybdenum and 31.2g/t silver and 0.25g/t rhenium (2.91% copper equivalent) over a core interval of 8.89m within a longer interval that averaged 0.49% copper, 0.01% molybdenum, 6.86g/t silver and 0.17g/t rhenium over a core interval of 67.81m starting at a core length of 89.90m, and |
|
|
b) |
DDH EB-05-2012 located 70m east of DDH EB-02-2012, intersected 0.20% copper, 0.014% molybdenum and 2.39g/t silver and 0.34g/t rhenium (0.37% copper equivalent) over an interval of 109.37m starting at a core length of 0.63m. |
About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company involved in the exploration of the Boss and Buena Vista copper projects in the state of Nevada, the DOK copper-gold porphyry property in Northwest B.C., the East Breccia copper-silver-molybdenum property in Ontario. Boxxer also has the Crescent Peak gold-silver project in Nevada and the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.
Last: 0.09Range: 0.19-0.045Market Cap: 18.4 million
Tigray Reports 18.0 Metres of 3.23% Copper, 0.95 g/t Gold, 22 g/t Silver and 3.86% Zinc at Mayshehagne, and 12.0 Metres of 2.18 g/t Gold and 68 g/t Silver at Terakimti
Tigray Resources Inc. (TSX VENTURE:TIG) ("Tigray" or the "Company") is pleased to report diamond drill results for five holes at the Terakimti and Mayshehagne volcanogenic massive sulfide (VMS) copper-gold discoveries on the Company's Harvest project in northern Ethiopia. The results include three new holes and updates to two previously reported holes.
Highlight Drill Results
- Hole HD006 at Mayshehagne - 18.0 metres of 3.23% copper, 0.95 grams per tonne gold, 22 grams per tonne silver and 3.86% zinc from 62.0 metres, including 5.45 metres of 7.05% Cu, 1.24 grams per tonne gold, 46 grams per tonne silver and 6.53% zinc from 62.0 metres
- Hole TD023 at Terakimti - 12.0 metres of 2.18 grams per tonne gold and 68 grams per tonne silver from 51.2 metres, including 4.0 metres of 5.68 grams per tonne gold and 157 grams per tonne silver from 51.2 metres
About Tigray
Tigray is a Canadian mineral exploration company focused on discovery through advancing early-stage mineral projects in Ethiopia. Tigray's key property is the 70%-owned Harvest polymetallic VMS exploration project, which covers 270 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa. The Company recently entered into an agreement to acquire the Harvest North properties, which cover 622 square kilometres immediately west of the Harvest project. The Company's shares trade on the TSX Venture Exchange under the symbol TIG.
Last: 0.18Range: 1.95-0.12Market Cap: 8 million
Northern Tiger Resources Channel Samples 132.91 g/t Gold Over 6.9 Metres Along Strike on New Sleeping Giant Zone Discovery - 3Ace Project, Yukon
Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce that channel sampling on a newly exposed quartz vein exposure in the Sleeping Giant Zone has confirmed the high-grade nature of the gold mineralization previously reported from chip sampling (eleven continuous one metre chip samples taken along the strike of the new vein exposure returned a weighted average of 50.3 g/t gold - see new release dated July 31, 2012). Seven separate continuous channel samples totalling 32 metres now test the entire 25 metre exposed strike length of the vein, and include 132.91 g/t gold over 6.9 metres.
About the company
Northern Tiger Resources Inc. (TSX VENTURE:NTR) is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon, where it has a strong portfolio of projects. Drilling in 2011 intersected 4.6 g/t gold over 35.0 metres (including 106.2 g/t gold over 1.0 metre) at the Company's flagship 3Ace Project in southeast Yukon. The Sonora Gulch copper-gold-silver porphyry project in central Yukon also returned significant drill results in 2011, including 0.45 g/t gold and 3.0 g/t silver over 234.0 metres.
Last: 0.15Range: 0.53-0.08Market Cap: 14.9 million
Nevsun Reports Strong Second Quarter 2012 Results, Further Raises 2012 Production Outlook
Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU)(NYSE MKT:NSU) today reported strong financial and operating results for the second quarter ended June 30, 2012.
Tonnes milled during the three month period ended June 30, 2012 totalled 465,000, up 5% from 444,000 tonnes for the same period in 2011. The milling grade during the three month period ended June 30, 2012 averaged 6.93 grams per tonne compared to 7.27 for the same three month period in 2011. Ore tonnes mined during the second quarter of 2012 totalled 500,000, up 41% from 377,500 a year earlier. The mined grade during the second quarter of 2012 averaged 6.04 grams per tonne.
Revenues for the three month period ended June 30, 2012 were $147,713 (three month period ended June 30, 2011 - $136,085). While the 87,500 gold ounces sold in the three months ended June 30, 2012 decreased nominally compared to the 88,700 ounces sold in the same period in 2011, Q2 2012 benefitted from higher revenues as a result of a higher realized price per ounce of $1,599 (Q2 2011 - $1,510 per ounce) and an increase in silver by-product sales. The Company had silver by-product sales of $7,818 and $1,053, respectively, for the three month periods ended June 30, 2012 and 2011.
Net income attributable to Nevsun shareholders for the three month period ended June 30, 2012 was $39,568, an increase of $4,281 over the same period in the prior year. Earnings per share attributable to Nevsun shareholders for the three month period ended June 30, 2012 was $0.19, an increase of $0.01 per share over the same period in 2011.
Gold cash costs per ounce sold for the three month period ended June 30, 2012 were $253, which included $89 per ounce in silver by-product credits, while gold cash costs per ounce sold for the same period in 2011 were $305, which included $13 per ounce in silver by-product credits.
The Company's cash and cash equivalents at June 30, 2012 were $369,350, up 6% from $347,582 as at December 31, 2011. The Company generated $106,325 and $111,209, respectively, from its operating activities for the three month periods ended June 30, 2012 and 2011.
About
Nevsun Resources is a growing high grade, low cost gold producer focused on its Bisha Mine in Eritrea, East Africa. Bisha is a large precious and base metal volcanogenic massive sulphide deposit that went into commercial gold-silver production in February 2011. The Bisha Mine, with 12 years of current reserves, ranks as one of the highest grade open pit mines in the world. After a successful 2011, producing 379,000 ounces of gold, the copper expansion is under construction. In 2013, Bisha will transition into low cost copper, gold, and silver production.
Last Trade: 3.67 52 Week: 7.30 – 2.68 Market Cap: 733.37 Million
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