With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
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 13th, 2012, and we’ve found 1 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.
Batero Gold Releases Final Drill Results From 55,755 Metre Drill Program
Batero Gold Corp. (TSX VENTURE:BAT) is pleased to report the final drill results from its recently completed 55,755 metre 2011 diamond drill program on the company's 100-per-cent-owned Batero-Quinchia project in Risaralda, Colombia. A total of thirty-six holes (16,628.37 metres) are being released.
Drill hole highlights in this current release include:
SB-007 intersecting from surface, 137.00 metres grading 0.64 g/t gold and 0.09% copper; including 10.00 metres grading 1.40 g/t gold and 0.08% copper; including 28.00 metres grading 1.16 g/t gold and 0.15% copper.
SB-001 intersecting from 99.95 metres below surface, 280.52 metres grading 0.61 g/t gold and 0.12% copper; including 71.40 metres grading 0.90 g/t gold and 0.14% copper; including 22.40 metres grading 0.71 g/t gold and 0.13% copper.
SB-020 intersecting from 54.00 metres below surface, 312.00 metres grading 0.48 g/t gold and 0.07% copper; including 132.00 metres grading 0.70 g/t gold and 0.09% copper.
MZ-006 intersecting from 22.00 metres below surface, 31.00 metres grading 1.14 g/t gold and 0.05% copper; and intersecting from 105.00 metres below surface, 72.00 metres grading 0.74 g/t gold and 0.07% copper.
LC-020 intersecting from surface, 185.00 metres grading 0.55 g/t gold and 0.11% copper; including 67.00 metres grading 0.96 g/t gold and 0.15% copper.
LC-027 intersecting from surface, 234.00 metres grading 0.50 g/t gold and 0.08% copper; including 60.00 metres grading 0.87 g/t gold and 0.11% copper.
LC-031 intersecting from 10.00 metres below surface, 26.00 metres grading 0.56 g/t gold and 0.03% copper; and intersecting from 50.00 metres below surface, 208.00 metres grading 0.69 g/t gold and 0.09% copper. The drill hole remained in mineralization to the end of the hole.
LC-034 intersecting from 3.00 metres below surface, 255.00 metres grading 0.40 g/t gold and 0.12% copper; and intersecting from 288.00 metres below surface, 198.00 grading 0.63 g/t gold and 0.13% copper.
About Batero Gold:
Batero Gold Corp. (TSX VENTURE:BAT) is a Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold-copper porphyry centres.