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 January 10th, 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.
Pacific North West Capital Announces Additional High Grade PGM Results for its River Valley Project, Sudbury, Ontario
acific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is pleased to announce assay results for nine more drill holes in the River Valley 2011 Phase I Exploration program on its 100% owned River Valley PGM‐Gold Property, 70 km from Sudbury, Ontario. The drill holes in the Dana North area continue to intersect high grade PGM mineralization over wide intervals within the breccia unit on the footwall contact of the River Valley Intrusion.
High grade PGM* drill results for the Dana North area are;
2.11 gpt** Pd+Pt+Au*** over 33 metres in hole DN032 Including 5.17 gpt Pd+Pt+Au over 7 metres
2.08 gpt Pd+Pt+Au over 54 metres in hole DN033
2.77 gpt Pd+Pt+Au over 20 metres in hole DN034 Including 5.72 gpt Pd+Pt+Au over 4 metres
DN032 intersected mineralization to 385 meters from surface, indicating the presence of mineralization at depths greater than drilled previously
In the Dana North Zone, the PGM mineralization has relatively consistent, high grade PGM values
About Pacific North West Capital Corp:
Pacific North West Capital Corp. is a mineral exploration company whose corporate philosophy is to be a project generator, explorer and project operator with the objective of optioning/joint venturing its projects through toproduction. In January 2011, Pacific North West Capital Corp. successfully negotiated the 100% acquisition of the River Valley PGM Project from Anglo Platinum Limited, which makes Anglo Platinum the largest shareholder of PFN. The River Valley PGM project is one of North America's newest and largest primary platinum group metals (PGM) deposits. The project has excellent infrastructure support and is located 100 km from Sudbury, Ontario, one of Canada's largest mining centres with two large mineral processing facilities that have excess capacity.
Last Trade: 0.12552 Week: 0.40 – 0.10Market Cap: 12.97 Million
BioLife Solutions Inc. (OTCBB: BLFS), a leading developer, manufacturer, and marketer of proprietary hypothermic storage and cryopreservation freeze media for cells and tissues, today announced preliminary record revenue for the fourth quarter and full calendar year 2011. Highlights include:
Sixth consecutive quarter of record revenue
Preliminary fourth quarter revenue of $809,000, up 13% over the third quarter and 41% over the same period in 2010
Unaudited full year 2011 revenue of $2.8 million, an increase of 33% over 2010
Distributor sales for the full year accounted for 20% of total revenue, up from 10% in 2010
Revenue shipments to the regenerative medicine segment increased 50% over 2010
Executed a new contract manufacturing agreement with profitable public life sciences company
About BioLife Solutions
BioLife Solutions develops, manufactures and markets patented hypothermic storage and cryopreservation solutions for cells, tissues, and organs. The Company's proprietary HypoThermosol® and CryoStor® platform of solutions are marketed to academic and commercial organizations involved in cell therapy, tissue engineering, cord blood banking, drug discovery, and toxicology testing. BioLife's products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced, delayed-onset cell damage and death.
Last Trade: 0.0952 Week: 0.11 – 0.02Market Cap: 6.27 Million
Record Production of 21,524 Gold Ounces in Final Quarter of 2011
Timmins Gold Corp.(TSX:TMM)(NYSE Amex:TGD) is pleased to report preliminary production results for the Company's third quarter and year ended December 31, 2011. The Company achieved record gold production of 21,524 gold ounces for the quarter, including a record month of 8,504 ounces of gold production for the month of December, 2011. The Company is pleased to report that the recovery ratio in December, 2011 was 76%. The recovery ratio for the period October 1, 2011 to December 31, 2011 was 65%, up from 55% in the same period last year. The recovery ratio is defined as the ratio of gold ounces produced divided by the number of contained gold ounces stacked over a specific period.
Ore (Dry tonnes)
Ore tonnes placed on pads
Average Grade (g/t Au)
Total Mined (tonnes)
Gold ounces produced
Gold ounces Sold
Average Ore Processed (t/d)
Total Mined (t/d)
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp. is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is an open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year. (Micon International NI 43-101F1 Technical Report dated November, 2011).
Last Trade: 2.0852 Week: 3.45 – 1.74Market Cap: 291.75 Million
Aben Drills 7320g/t Ag Over 1.07m at Kangas Zone as Well as 2.7 g/t Au and 29.0 g/t Ag Over 11.3m at POW Zone on Justin Project, Yukon
aben Resources Ltd. (TSX VENTURE:ABN) (FRANKFURT:E2L) (the "Company") is pleased to announce additional gold and silver drill results from its 100% owned, 11,098 acre Justin Project in the southeast Yukon. The Company recently completed a ten-hole diamond drill program on the property in which a significant greenfield gold discovery was made in the POW Zone (see November 17, 2011 news release).
Both exploratory holes drilled into POW Zone in 2011 intercepted significant gold mineralization constituting a new greenfield gold discovery on Aben's Justin Project in the Yukon.
The second hole drilled into POW Zone, JN11010, intercepted 11.3 metres of 2.70 g/t Au and 29.00 g/t Ag starting at a vertical depth of 125 metres. This intercept lies within a larger mineralized zone grading 1.58 g/t Au and 16.00 g/t Ag over 23.0 metres.
The mineralized intercept in drill hole JN11010 correlates with the upper zone intercepted in previously reported Hole JN11009 of 60 metres of 1.19 g/t Au.
Gold mineralization is open in all directions at the POW Zone.
2011 Surface samples from POW Zone returned up to 8.97 g/t Au and 84.10 g/t Ag
Positive surface sampling results from 2010 and 2011 are located 400 metres to the east of the new gold discovery in holes JN11009 and JN11010.
New high grade silver and copper discovery in the Kangas Zone located 1.4 km south of the POW Zone
Hole JN11003 intercepted 1.07 metres of 7320 g/t Ag (234 oz/ton Ag) and 3.52% Cu near surface in the Kangas Zone.
About Aben Resources:
Aben Resources is a Canadian gold and silver exploration company developing properties in the Yukon and Northwest Territories.
Last Trade: 0.12552 Week: 0.275 – 0.07Market Cap: 14.34 Million