Signed Letter of Intent with an arm’s length Taiwanese venture capital group
Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry
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 19th, 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.
Energizer Resources Discovers Potential Flake Graphite Camp; Preliminary Assays Include 61.4 Metre Intercept at 7.46% Carbon
is pleased to announce preliminary results from exploration programs on its Green Giant, and Malagasy Minerals Limited ("Malagasy") (ASX:MGY) Joint Venture (JV) properties in Madagascar. Drill core assays received to date from the Phase I exploration program, have yielded intersections assaying up to 7.46% carbon (C) over 61.4 metres in length. Multiple graphitic zones discovered during the course of the Phase II exploration indicate the Company has begun to outline a new graphite camp. Highlights of the Phase I and II exploration programs are as follows, with a summary of drill core assays provided at the conclusion of this release:
Phase I Exploration - Green Giant Property
Identification of multiple flake graphite zones on Green Giant property
Drill core assay results ranging as high as 21.0% C
All Drill Holes intersected graphite with the most significant being FOND-01 which intersected 7.46% C over 61.46m
Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its 100%-owned Green Giant Vanadium and Graphite Project in conjunction with its Madagascar-ERG Joint Venture (Mauritius) Ltd ("JV Co") property. Energizer owns 75% of the industrials minerals rights on the Malagasy Minerals (ASX:MGY) property as outlined in the December 15, 2011 press release. The Green Giant Vanadium deposit in addition with the JV grounds, is one of the largest known vanadium deposits in the world. In addition to the Toronto Stock Exchange (TSX:EGZ), the Company's common shares trade on the U.S. Over-The-Counter Bulletin Board under the symbol, ENZR, and on the Frankfurt Exchange under the symbol, YE5.
announces an updated NI 43-101 compliant resource estimate for the "Main Zone" gold deposit at the Hyland Gold Project, 74 km NE of Watson Lake, Yukon. The Main Zone gold inferred resource, at a 0.6 g/t gold equivalent ("AuEq") cutoff now stands at 12,503,994 tonnes containing 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t which represents an increase of 209% over the historic, non NI 43-101 compliant resource. Based on the success of this previous season's Main Zone drilling campaign and the drilling of a new discovery area 4 km away, Argus management is planning for a much larger-scale drill campaign for the 2012 season. Final plans will be announced as soon as financing and budgets are in place. Resource highlights are:
NI 43-101 Main Zone Inferred Resource Estimates at 0.6 g/t AuEq(i) cutoff:
--361,692 oz gold (12,503,994 tonnes of 0.90 g/t)
--2,248,948 oz silver (12,503,994 tonnes of 5.59 g/t
we believe that the best financial decisions come from a clearly defined plan and a strong set of corporate values that put the interests of the investor first. Though exploration is a speculative venture it can reap enormous financial rewards. So it makes sense to put extra effort towards minimizing risk to enhance the upside potential for everyone involved.