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 February 16th , 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.
Goldgroup Expands Caballo Blanco Indicated Mineral Resources by 314%
is pleased to announce the updated National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate (the "Technical Report") for its flagship 100%-owned Caballo Blanco gold project in Veracruz, Mexico.Based on a 0.2 g/t Au cut-off grade, the Company's indicated mineral resources at the La Paila Zone at Caballo Blanco grew by 314% from 139,000 to 575,000 ounces of gold (28.9 million tonnes grading 0.62 g/t Au).The inferred mineral resources summed to 419,000 ounces of gold (24.0 million tonnes grading 0.54 g/t Au). This Technical Report also adds silver mineral resources to the mineral resource estimate at Caballo Blanco, including 2,150,000 ounces of silver indicated mineral resources (28.9 million tonnes grading 2.32 g/t Ag) and 1,930,000 ounces of silver inferred resources (24.0 million tonnes grading 2.5 g/t Ag).
Goldgroup is a well-funded Canadian-based gold production, development, and exploration Company with significant upside in a portfolio of projects in Mexico, including its flagship 100%-owned advanced stage gold development project, Caballo Blanco, in Veracruz, and the 50%-owned high grade gold exploration project, San José de Gracia, in Sinaloa. The Company also operates the 100%-owned Cerro Colorado gold mine in Sonora, Mexico.
Last: 1.24Range: 1.75- 1.03Market Cap: 159 million
is pleased to announce the balance of the assay results from the 2011 diamond drilling program completed on the Schaft Creek deposit. The locations of 2011 drill holes are shown on the Copper Fox website at www.copperfoxmetals.com.Highlights are
Diamond Drill Hole ("DDH") DDHCF418B-2011 intersected 0.30% copper, 0.06g/t gold, 0.038% molybdenum and 1.57g/t silver (0.56% CuEq) over a 324m core interval starting at a core length of 255.6m. This hole also contains a 52m interval grading 0.72g/t gold and 2.29g/t silver starting at a core depth of 580.4m,
About Copper Fox
Copper Fox is a Canadian based resource company listed on the TSX-Venture Exchange (CUU-TSX-V) with a corporate office in Calgary and operations office in Vancouver.
The Company is working on completing a feasibility study on the "giant porphyry' Schaft Creek Mineral Deposit, one of the largest undeveloped copper, gold, molybdenum and silver deposits in North America. The feasibility study is being led by Tetra Tech WEI Inc. on a minimum 120,000 tpd open pit mine and is expected to be completed during the first quarter of 2012.