AGORACOM Small Cap TV - January 24th - Highlights
posted on
Jan 24, 2011 09:21AM
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 24, 2011, 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.
Continental Nickel Intersects More High Grade Sulphides Grading 2.28% Nickel and 0.57% Copper Over 17.25 Metres at the Sleeping Giant Zone on the Nachingwea Nickel Project, Tanzania
Continental Nickel Limited (TSX VENTURE:CNI)
report that it has received the final assay results from the remaining six diamond drill holes of its recently completed seven hole "Phase II" diamond drilling program at the newly discovered "Sleeping Giant" zone on the Nachingwea Project ("Nachingwea") in Tanzania.
Highlights include drill hole NAD10-226 which intersected a high grade sulphide interval grading 3.97% nickel and 0.16% copper over 4.7 metres, from within a wider interval grading 2.28% nickel and 0.57% copper over 17.25 metres, at the northern limit of drilling. NAD10-226 is located approximately 200 metres north along strike of drill hole NAD10-220, which as previously reported (Press Release December 13, 2010), also intersected a high grade sulphide interval grading 2.58% nickel and 0.41% copper over 23.3 metres, including 5.01% nickel and 0.77% copper over 9.3 metres. The Sleeping Giant zone remains open in all directions.
About the company
Continental Nickel (“CNI”) is a Canadian junior mineral exploration company focused on acquiring, exploring and developing quality, early stage nickel-copper sulphide exploration projects in geologically prospective, but under explored regions.
Last Sale: 1.20 52 Week Range: 0.34 - 1.49 Market Cap: 46.73M
Cadillac Ventures Inc.: Third Thierry Hole Contains 2.02% Cu Over 21.98 Feet
Cadillac Ventures Inc. (TSX VENTURE:CDC)
pleased to announce the receipt of assays for the third hole (CV-10-04) at the Thierry Mine Project in Northwestern Ontario. Assays are highlighted below, including 2.02% Cu over 21.98 feet.
About Cadillac
Cadillac is a development-focused exploration company which has the past-producing Thierry Property near Pickle Lake in Northern Ontario, several exploration projects in Spain in joint venture with MATSA and three Canadian exploration projects, located in regions that have been historically active.
Last Sale: 0.2552 Week Range: 0.13 - 0.34 Market Cap: 20.94M
Explorator Announces Highlights From the 2011 El Espino Updated Preliminary Economic Assessment-NPV of US$529 Million and IRR of 24.4%
Explorator Resources Inc. (TSX VENTURE:EXO)
highlights from an updated NI 43-101 compliant Preliminary Economic Assessment Technical Report on the El Espino project that has been undertaken on its behalf by AMEC International Ingenieria y Construccion Limitada ("AMEC"), (hereafter, collectively the "2011 AMEC Report").
Highlights from 2011 AMEC Report (with comparisons with 2009 Micon Report):
ABOUT EXPLORATOR RESOURCES:Explorator Resources is a Canadian-based mining exploration company with a 49% interest in the El Espino Copper-Gold Project in Chile (the "Project"). Sociedad Punta del Cobre S.A. ("SPC") acquired the remaining 51% of the Project in March 2009 in return for an investment of up to US$18.5 million, with US$7.0 million used to exercise the option to purchase agreement on the Project and the remaining funds directed at the continued exploration and evaluation activities.
Last Sale: 0.68 52 Week Range: 0.36 - 0.80 Market Cap: 54.46M
Orion Increases Proved + Probable Reserves 34% to 24.8 MMboe
Orion Oil & Gas Corporation (TSX:OIP)
announced today the results of its 2010 year-end oil and gas reserves evaluation conducted by GLJ Petroleum Consultants ("GLJ") and Sproule Associates Limited ("Sproule") as at December 31, 2010.
Highlights for year-end 2010 compared to year-end 2009 include:
* Proved reserves of 16.3 million ("MM") boe, an increase of 32%
* Proved plus Probable ("2P") reserves of 24.8 MMboe, an increase of 34%
* Oil and liquids account for 48% of 2P reserves
* Net Present Value of 2P reserves (discounted at 10% before tax) increased 32% ($106 MM), to $439 MM
* 2P reserve life index of approximately 12.6 years based on estimated fourth quarter 2010 production
* 2P Reserve Replacement Ratio of approximately 490%
About the company
Orion is a development focused oil and gas company, with a global mandate. We are constantly seeking out "deep value" concentrations of hydrocarbon reserves where we can utilize our best-in-class execution and operating skills to create value for our shareholders. We will go anywhere in the world to find these opportunities, though we will operate only in areas with predictable political, fiscal, and regulatory environments. We will explore, but only selectively, and as a complement to our primary emphasis upon development of established reserves.
Last Sale: 1.02 52 Week Range: 0.76 - 1.65 Market Cap: 296.49M
Updated NI43-101 Mineral Resource Estimate Reports Significant Increase in Contained Ounces of Gold for the Destiny Gold Project near Val-d'Or, Québec
TSX: PFN OTCQX: PAWEF FSE: P7J
Pacific North West Capital Corp.
announce receipt of a draft of an NI43-101 Technical Report (the Report) including a new Mineral Resource Estimate for the DAC Gold Deposit on the Destiny Project located near Val d'Or, Quebec.
* Indicated Resource contains approximately 364,000 ounces gold
* Inferred Resource contains approximately 247,000 ounces gold
* DAC Deposit occurs at surface and is open in both strike and dip
* Awaiting assay results from the Phase 3 drilling program
About Pacific North West Capital Corp:
Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a project generator, explorer and project operator with the objective of option/joint venturing projects with major and junior mining companies through to production.
Last: 0.14Range: 0.185-0.08Market Cap: 9.4 million