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- Namaste will purchase all of the issued and outstanding shares in the capital of CannMart, a late stage applicant under the Access to Cannabis for Medical Purposes Regulations
- CannMart submitted its application to become a “sales only” licensed producer of medical cannabis
Message: AGORACOM Small Cap TV - January 24th - 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 January 24th, 2012, and we’ve found 5 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.
Magino Drilling Expands Gold Zone in Main Deposit: 203 metres grading 1.27 gpt Au; Confirms Southwest Extension to Deposit
is pleased to announce that resource expansion and step out drilling at its Magino mine gold project in Ontario has intercepted significant gold mineralization in multiple areas:
* Within and adjacent to the main Magino gold resource,
* The southwest extension of the Magino deposit, and
* The Lovell Lake area 200 metres west of Magino deposit.
Prodigy completed 54 core drill holes totaling 18,077 metres (including condemnation drilling), augmenting and expanding the Magino gold resource potential.
Magino in-fill and resource expansion drilling:
Highlights include 203 metres grading 1.27 gpt gold in drill hole MA11-177 and 164 metres grading 1.09 gpt gold in drill hole MA11-136.These and other drill holes reported below document thick intervals ofgold mineralization that were not included in previous Magino gold resource estimates.Drill hole MA11-149 intercepted 19.0 metres grading 3.38 gpt gold starting at a vertical depth of 227.5 metres, contiguous to other high grade intercepts.Deeper, higher grade gold mineralization, documented in resource estimates, continues to be consistent in the Magino gold deposit.
About Prodigy Gold:
Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating the development of the Magino mine gold project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino project contains Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt gold (54.2 million tonnes) at a cut off grade of 0.35 gpt gold. A Preliminary Economic Assessment (PEA) shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate for the project (see Press Release dated December 22, 2011) available on SEDAR or Prodigy's web site). The proposed operation would have total gold production of 2,614,000 ounces and an average annual gold output of 249,300 ounces a year during an eleven year project life.
Last: 0.82Range: 1.03-0.23Market Cap: 194 million
Hana Mining Ltd.: Infill Drilling Encounters Some of the Best Intercepts of Copper-Silver Mineralization at the Banana Zone
is pleased to announce its most recent drilling results from the completion of 13 infill diamond drill holes in the Banana Zone at its Ghanzi sediment hosted Copper-Silver Project in Botswana.
Infill drilling was carried out on the Northeast Fold area (between sections 69725 to 70425 at the Northeast Fold; Figures 1 and 2) to convert a substantial amount of the NI 43-101 compliant resources within this area into the Indicated category from the Inferred category.
Highlights of recent drilling results:
The latest results demonstrate that Banana Zone contains areas which host high-grade copper-silver mineralization.
Core lengths intercepts of
7.62% CuEq(1) (5.11% Cu and 172.0 g/t Ag) over 5.3 metres within a wider mineralized interval of 3.77% CuEq(1) (2.71% Cu and 73.0 g/t Ag) over 14.6 metres in hole HA-465-D,
5.26% CuEq(1) (4.02% Cu and 85.0 g/t Ag) over 2.3 metres within a wider mineralized interval of 1.40% CuEq(1) (1.14% Cu and 18.0 g/t Ag) over 16.0 metres in hole HA-443-D,
4.93% CuEq(1) (4.86% Cu and 5.0 g/t Ag) over 2.5 metres in the footwall sandstones and 4.00% CuEq(1) (3.55% Cu and 31.0 g/t Ag) over 2.6 metres within a wider mineralized interval of 1.71% CuEq(1) (1.52% Cu and 13.0 g/t Ag) over 6.6 metres in the hanging wall in hole HA-457-D
4.00% CuEq(1) (3.53% Cu and 32.0 g/t Ag) over 2.8 metres in the footwall sandstones and 2.08% CuEq(1) (1.79% Cu and 20.0 g/t Ag) over 11.5 metres within a wider mineralized interval of 1.88% CuEq(1) (1.62% Cu and 18.0 g/t Ag) over 12.9 metres in the hanging wall in hole HA-447-D.
About Hana Mining's Ghanzi Copper-Silver Project in Botswana: The Ghanzi Project is located in the center of the Kalahari Copper Belt in northwestern Botswana. The Ghanzi property covers 2,149 square kilometres, and contains sediment-hosted copper-silver deposits with a demonstrated cumulative tested strike length of 70 kilometres. This favorable geology extends over an estimated strike length of 600 kilometres. Hana Mining released results of its most recent NI 43-101 compliant resource estimate for the Ghanzi Project on December 20, 2010, announcing an Indicated mineral resource of 585 million pounds of copper and 12 million ounces of silver from 19.7 million tonnes at a grade of 1.35% copper and 19.7 g/t silver. All of the Indicated resources are from the Banana Zone. There are also Inferred resources of 2.4 billion pounds of copper and 40.6 million ounces of silver from 91.2 million tonnes.
Last: 1.39Range: 5.18-0.90Range: 122.9 million
TIO Q1 2012 revenue increases 22%
TIO Networks Corp. owner of North America’s leading multi-channel expedited bill payment network, (TSX-V: TNC),
today announced 2012 first quarter financial results for the period ended October 31, 2011.
1Quarterly financial & business highlights
1) 37th consecutive quarter of transaction growth; processed 4,253,377 transactions
2) Net income of $11,747 compared to a loss of ($185,746) one year ago
3) Operating cash flow before non cash working capital items of $328,202 vs. $ 274,143 one year ago
4) Canadian revenue was negatively impacted by approximately $300,000 based on a 3% weaker US dollar from the same period one year ago.
Oct 31, 2011
Oct 31, 2010
EBITDA*excluding stock based compensation
Net Income (loss)
TIO Networks Corp.
TIO is a cloud based multi-channel bill payment processor with 60,000 transaction endpoints.
Last: 0.47Range: 0.58-0.40Market Cap: 21.8 million
Bannerman Discovers Near-Surface Mineralisation Beyond Planned Pit Outline
is pleased to report significant new drilling results from the recently completed RC drilling program in the Onkelo area of the Etango Uranium Project in Namibia. The full release is available on the Company's website at www.bannermanresources.com and on SEDAR (www.sedar.com).
--Mine-grade mineralisation discovered at the Onkelo West Prospect
adjacent to the planned Etango open pit.
--Potential to expand and deepen the pit design and to extend the mine
--Broad uranium intercepts returned include (metres downhole, U3O8 parts
per million, see Table 1 for reporting parameters):
- 58m @ 105ppm U3O8 from 38m
- 24m @ 171ppm U3O8 from 79m
- 14m @ 194ppm U3O8 from 212m
- 3m @ 426ppm U3O8 from 88m
- 16m @ 144ppm U3O8 from 65m
- 11m @ 156ppm U3O8 from 58m
--Discovery greatly expands the exploration potential to the west of the
planned pit for some 4km to the southwest.
--Follow-up drilling is now being planned to continue testing the down-dip
and down-strike extensions of this newly identified mineralisation.
Bannerman Resources Limited is an emerging uranium development company with interests in two properties in Namibia, a southern African country considered to be a premier uranium mining jurisdiction. Bannerman's principal asset is its 80%-owned Etango Uranium Project situated southwest of Rio Tinto's Rossing uranium mine and to the west of Paladin Energy's Langer-Heinrich mine. Etango is one of the world's largest undeveloped uranium deposits. Bannerman is focused on the feasibility assessment and development of a large open pit uranium operation at Etango. More information is available on Bannerman's website at www.bannermanresources.com.
Last: 0.26Range: 0.95-0.20Market Cap: 70.4 million
Touchstone Announces Over 300% Increase to Total Proved Reserves
Touchstone Exploration Inc. (TSX VENTURE:TAB)
is pleased to announce the results of the independent evaluation of the Company's reserves for the year ended September 30, 2011.
Total proved reserves (net) increase of 319% to 4.03 million barrels (100% oil) from 2010 year-end levels;
Total proved plus probable reserves (net) increase of 292% to 7.57 million barrels (100% oil) from year-end levels;
Net present value of future net revenues before tax (10% discount) of Touchstone's total proved reserves was US$158.87 million as at September 30, 2011;
Net present value of future net revenues before tax (10% discount) of Touchstone's total proved plus probable reserves was US$299.89 million as at September 30, 2011;
On a per share basis, net present value of future net revenues before tax (10% discount) of Touchstone's total proved reserves was US$1.17 per share on a fully diluted basis (135,806,004 shares), an increase of 532% from 2010 year-end values; and
On a per share basis, net present value of future net revenues before tax (10% discount) of Touchstone's total proved plus probable reserves was US$2.21 per share on a fully diluted basis (135,806,004 shares), an increase of 474% from 2010 year-end values.
About the company
Touchstone Exploration Inc. is a Canadian public oil and gas company focusing on International operations. Through its direct and indirect wholly-owned subsidiaries in Barbados and Trinidad (Touchstone Exploration (Barbados) LTD. and Territorial Services Limited), the Corporation is engaged in the exploration and development of its oil and gas properties located in Trinidad. The primary business of the Corporation is the acquisition, exploration and development of prospective oil and gas properties in Trinidad and, when deemed appropriate, the Caribbean region.
Last: 0.39Range: 1.00-0.245Market Cap: 42.4 million
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