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Message: AGORACOM Small Cap TV - January 12th - 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 12th, 2012, and we’ve found 3 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.
Otis Releases Complete Kilgore 2011 Drill Results; Mine Ridge Deposit Continues to Expand
Otis Gold Corp. (TSX VENTURE:OOO)(OTCQX:OGLDF) ("Otis" or the "Company") is pleased to announce that it has received the final results from the Company's 2011 drill program. The 2011 drill program comprised 41 core holes totaling approximately 9,200 metres. In total, 28 of the 41 holes were mineralized (Table 1). The remaining holes were condemnation holes and serve to delimit the outer boundary of the deposit. An additional 2 holes were drilled as metallurgical test holes.
Highlights
Of the final 10 holes reported, the most significant intercepts are from the Central Block and include hole 11 OKC-288 with 41.1 metres (m) of 0.68 grams per tonne gold (g/t Au), and hole 11 OKC-289 containing two significant intercepts of 22.9 m @ 0.74 g/t Au and 32.0 m @ 0.62 g/t Au.
Additional interesting intercepts from the South Block, outside the area of the known resource, were received for holes 11 OKC-270 and 11 OKC-276, along with previously reported intercepts, suggesting that the deposit remains open in a southerly direction.
About The Company
Otis Gold Corp. is a Canadian-based mineral exploration company focused on the acquisition and development of quality precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho (approx. 60 miles north of Idaho Falls).
Last Trade: 0.2052 Week: 0.82 – 0.185Market Cap: 8.59 Million
Quest Reports Strong Summer Program Drill Results at Strange Lake, Intersects 144.4 Metres at 1.44% TREO, Strange Lake, Quebec
Quest Rare Minerals Ltd. (TSX VENTURE:QRM)(NYSE Amex:QRM) is pleased to report the assay results from the 2011 definition diamond drilling program completed on its Strange Lake B-Zone Rare Earth Element (REE) deposit.
Highlights
- Multiple, high-grade intersections of between 1.12% and 6.11% TREO over thicknesses of 2.34 m to 144.3 m characterize all holes drilled into the zone. These intersections are contained within a larger 95.2 and 147.0 m-thick mineralized envelope grading between 0.87%-1.07% TREO
- Heavy REO of between 22.4% and 76.5% of TREO continues to characterize the mineralization
- Strange Lake B-Zone summer drilling program was designed to complete in-fill drilling of the B-Zone rare earth deposit to the limits of the virtual 25-year open-pit mine shell on 50 m by 50 m drill centres, to a maximum vertical penetration of 150 m
- Best intersection grades returned 1.44% TREO over 144.4 m (BZ11218); 1.23% TREO over 116.1 m (BZ11189), including 3.04% TREO over 11.7 m and 4.9% TREO over 4.9 m; and 1.18% TREO over 95.9 m (BZ11135), including 1.48% TREO over 45.6 m and 3.29% TREO over 9.9 m.
About Quest Rare Minerals
Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. Quest is publicly listed on the TSX Venture Exchange and NYSE Amex as "QRM" and is led by a highly-respected management and technical team with a proven mine finding track record. Quest is currently advancing several high-potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Quebec and the Plaster Rock area of northwestern New Brunswick.
Last Trade: 2.5752 Week: 8.88 – 1.75Market Cap: 158.65 Million
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