AGORACOM Small Cap TV - September 14th - Highlights
posted on
Sep 14, 2012 09:27AM
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 September 14th, 2012, and we’ve found 2 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 Bull Expands Its Underground Drill Program Into the "High Grade Zinc Zone" Grading Up to 27.78% Zn Over 11 Meters on the Sierra Mojada Project, Coahuila, Mexico
Silver Bull Resources, Inc. (TSX:SVB)(NYSE MKT:SVBL)(NYSE Amex:SVBL)
is pleased to announce it will expand its underground Termite "twinning" drill program presently targeting the "high grade silver zone" into the "high grade zinc zone", a zone of mineralization which sits adjacent to and below the silver mineralization. The planned initial program in the high grade zinc zone will consist of 2,000 meters of diamond core drilling.
Highlights include:
--Long holes and channel samples were either restricted to a 5m x 5m x 20m
sphere of influence or disregarded in the July 5, 2012 NI43-101 resource
report completed by SRK Consulting (Canada), Inc. ("SRK") and resulted
in SRK defining the Zinc Zone as an "exploration target".
--Of the 924 long holes with greater than 4% Zn which currently define the
high grade zone of the zinc "exploration target", 517 holes have average
weighted intercepts greater than 8% Zn and include; 27.78% Zn over 11
meters, 25.43% Zn over 9 meters, 24.35% Zn over 13 meters, and 21.89% Zn
over 11 meters.
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. Silver Bull also has 2 mineral licenses in Gabon, Central Africa, which are prospective for gold, manganese, and iron ore.
Last: 0.50Range: 0.75-0.41Market Cap: 68 Million
Galway intersects several zones of high grade gold mineralization at Vetas, including 157.4 g/t over 4.15 m, and discovers another new vein containing 19.5 g/t over 1.29 m, 100 m west of the mine
Galway Resources Ltd. (TSXV: GWY) is pleased to announce assay results from five underground diamond drill holes and four surface drill holes at its Vetas gold-silver project, host of the El Volcan mine that has been in operation for over 400 years and is the largest mine in the Vetas-California-Surata gold region of Colombia. The focus of Galway's exploration efforts at Vetas is to test for a continuation of mineralization below the El Volcan mine, strike and lateral extensions to the mine as well as to test the 6 surface anomalies that have been identified.
New underground drill results highlights are provided below:
GWY-V034
GWY-V036
About The Company
Galway Resources is a mineral exploration company primarily focused in northeast Colombia, with gold exploration occurring at the California and Vetas gold projects. The Company also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. A positive scoping study was completed by SRK in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted management to reassess strategic alternatives to advance the Victorio project.
Last: 1.30Range: 1.87-0.84Market Cap: 163 million