AGORACOM Small Cap TV - January 23rd - Highlights
posted on
Jan 23, 2012 10:39AM
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 23rd, 2012, and we’ve found 4 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.
Drilling Highlights
Open pit area
OM-11-632.66 g/t gold over 24 metres(including 13.44 g/t over 4 metres)
Om-11-57this hole includes a wide zone of gold mineralization within an envelope of 32 metres but includes three void stopes within the area of an open pit (composites in table below).
Mistango River Resources Inc.-Omega Property-2011 Diamond Drilling-Significant Composites
Table No. 1b (Jan.20, 2012)
Hole # |
Section |
|
From |
To |
Interval |
Au g/t |
Zone |
Remarks |
OM-11-54 |
850W |
|
34.0 |
41.0 |
8.0 |
3.115 |
1-2 |
Open Pit |
|
|
including |
34.0 |
37.0 |
3.0 |
3.853 |
|
|
|
|
including |
35.0 |
37.0 |
3.0 |
4.123 |
|
|
|
|
and |
55.0 |
59.0 |
4.0 |
5.488 |
|
|
OM-11-55 |
850W |
|
146.0 |
149.0 |
3.0 |
1.160 |
|
|
|
|
and |
161.0 |
162.5 |
1.5 |
0.977 |
|
|
|
|
|
171.0 |
179.0 |
8.0 |
1.348 |
1-2 |
Open Pit |
|
|
including |
174.0 |
179.0 |
5.0 |
1.684 |
|
|
OM-11-56 |
500W |
|
173.0 |
174.0 |
1.0 |
1.65 |
|
|
OM-11-57 |
600W |
|
80.0 |
91.5 |
11.5 |
0.344 |
1-2 |
Open Pit |
|
|
|
91.5 |
93.6 |
2.1 |
|
|
Stope void |
|
|
and |
93.60 |
98.70 |
5.1 |
6.015 |
|
|
|
|
|
98.7 |
100.0 |
1.3 |
|
|
Stope void |
|
|
and |
100.00 |
105.7 |
5.7 |
1.466 |
|
|
|
|
|
105.7 |
108.0 |
3.3 |
|
|
Stope void |
|
|
and |
108.00 |
111.00 |
3.0 |
5.780 |
|
|
OM-11-58 |
550W |
|
108.0 |
112.0 |
4.0 |
3.59 |
|
VG at 109 |
|
|
and |
121.0 |
122.0 |
1.0 |
2.37 |
|
|
OM-11-59 |
500W |
|
102.0 |
104.0 |
2.0 |
1.66 |
|
|
OM-11-60 |
400W |
|
140.0 |
142.0 |
2.0 |
1.525 |
|
deep hole |
|
|
and |
479.0 |
481.0 |
2.0 |
2.01 |
|
|
|
|
and |
610.0 |
613.0 |
3.0 |
4.227 |
|
|
OM-11-61 |
450W |
|
36.0 |
37.0 |
1.0 |
1.75 |
|
|
OM-11-62 |
550W |
|
5.0 |
10.0 |
5.0 |
2.494 |
|
VG at150-152 and 154.5m |
|
|
|
25.0 |
29.0 |
4.0 |
0.968 |
|
|
|
|
and |
43.0 |
44.0 |
1.0 |
1.37 |
|
|
|
|
and |
100.0 |
101.0 |
1.0 |
2.780 |
|
|
|
|
and |
150.0 |
161.0 |
11.0 |
2.601 |
1-2 |
Open Pit |
|
|
including |
150.0 |
155.0 |
5.0 |
3.382 |
|
|
|
|
including |
155.0 |
158.0 |
3.0 |
3.780 |
|
|
OM-11-63 |
550W |
|
11.0 |
15.0 |
4.0 |
1.720 |
|
|
|
|
and |
26.0 |
50.0 |
24.0 |
2.66 |
1-2 |
Open Pit |
|
|
including |
26.0 |
30.0 |
4.0 |
13.44 |
|
|
|
|
including |
27.0 |
28.0 |
1.0 |
31.20 |
|
|
|
|
including |
28.0 |
29.0 |
1.0 |
19.95 |
|
|
*OM-11-64 |
600W |
|
506.0 |
512.0 |
6.0 |
0.922 |
|
Deep hole |
|
|
and |
540.0 |
542.0 |
2.0 |
9.98 |
|
|
|
|
including |
540.0 |
541.0 |
1.0 |
19.47 |
|
|
|
|
and |
554.0 |
557.0 |
3.0 |
3.397 |
|
|
|
|
and |
611.0 |
630.0 |
19.0 |
1.220 |
|
|
|
|
includes |
611.0 |
614.0 |
4.0 |
2.318 |
|
|
|
|
and |
624.0 |
626.0 |
2.0 |
1.285 |
1-2 |
|
|
|
and |
649.0 |
650.0 |
1.0 |
1.200 |
1-2 |
Faulted extension |
|
|
and |
644.0 |
646.0 |
2.0 |
1.730 |
1-2 |
|
|
|
and |
697.0 |
709.0 |
12.0 |
1.845 |
1-2 |
|
|
|
including |
702.0 |
709.0 |
7.0 |
2.354 |
1-2 |
|
|
|
including |
702.0 |
706.0 |
4.0 |
2.778 |
|
|
|
|
including |
702.0 |
704.0 |
2.0 |
3.260 |
|
|
OM-11-65 |
550W |
|
34.0 |
35.0 |
1.0 |
2.16 |
|
|
|
|
|
75.0 |
91.0 |
16.0 |
1.036 |
1-2 |
Open Pit |
|
|
including |
83.0 |
88.6 |
5.6 |
2.188 |
|
|
OM-11-66 |
500W |
|
|
|
|
|
|
Assays pending |
OM-12-67 |
650W |
|
|
|
|
|
|
Assays pending |
OM-12-68 |
450W |
|
|
|
|
|
|
Assays pending |
OM-12-69 |
650W |
|
|
|
|
|
|
Assays pending |
*previously reported: all holes are uncut and over core length; core length is estimated 50-90% of true width; 1 g/t Au multiplied by 0.0291666 equals troy ounces per short ton (to convert from metres to feet multiply by 3.2808). VG: visible gold
About
Mistango is a Canadian based exploration and development company focussing on its Omega Mine project, with other properties in Ontario and Quebec.For additional information about Mistango and its mining properties, please visit Mistango’s web site www.mistangoriverresources.ca
Mistango is a client of AGORACOM. Click here to visit the HUB
Oremex Gold Inc. ("Oremex Gold" or the "Company") (TSX VENTURE:OAU)(FRANKFURT:OM8) is pleased to report that its wholly owned subsidiary, Minera Tres Diamantes, S.A. de C.V., recently negotiated and signed a surface access rights agreement (the "Agreement") covering most of two (2) mining concessions totaling 129 hectares with Ejido Santa Catarina. The Agreement has a thirty (30) year duration with ab
The Agreement allows Oremex Gold to conduct any exploration and mining activities on the surface area covered by the Agreement during its term. Currently, the Company is securing drill permits required prior to commencement of the first phase of drilling.
Santa Catarina is located in the prolific Sierra Rosario gold belt. The 142 hectares property covers a zone of oxidized massive sulphide mineralization exposed in historical workings over approximately a 40 meter by 50 meter area. Highlights of chip sampling carried along pit walls include: 20 meters averaging 3.1 g/t gold and 2.1 meters at 20.6 g/t gold. A ground geophysical survey is anticipated to be carried out in Q1, 2012 and initial drill testing to delineate the extent of the mineralization at depth is planned for Q2, 2012.
About Oremex Gold Inc.
Oremex Gold Inc. is a Canadian gold exploration and development company created from the spin-out of gold assets owned by Oremex Silver Inc. (previously Oremex Resources Inc.) in 2011. The Company has a portfolio of gold properties in prolific mining regions of Mexico. Its two main projects are Santa Catarina, located in prolific Sierra Rosario gold belt and San Lucas, in Durango state.
Click here to visit the Oremex Gold HUB
Douglas Lake Intercepts 4.4 Grams per Tonne Gold Over 12 Meters and 4.2 Grams per Tonne Gold Over 5 Meters at Handeni Targets
Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB:DLKM) is pleased to announce the initial drill results and assay values for their Magambazi East and Kwandege projects on their 800 km2 Handeni property in the United Republic of Tanzania.
Highlights:
MAGAMBAZI - Elevated gold values were intersected in 8 out of the 10 holes drilled with values in MZD_01 of 4.2g/t over 5 meters, MZD_04 with 10.8g/t over 1 meter, MZD_06 with 2.62g/t over 1 meter and MZD_10 with 1.60 g/t over 1 meter representing the best intersections. The highest sample value encountered was 24.7 g/t over 0.5 meters in MZD_01.
KWANDEGE - Elevated gold values, greater than 0.5 g/t over a minimum interval of 0.5 meters, were encountered in all eleven holes on the Kwandege prospect for which gold assay data is available to date. The best intersections were KW2_01 with 4.40 g/t over 12 meters, including 29.5 g/t over 1 meter, as well as 3.54 g/t over 1 meter, KW1_05 with 3.68 g/t over 1 meter and 1 g/t over 4.7 meters, including 3.2 g/t over 1 meter, KW2_02 with 2.10 g/t over 1 meter, KW2_04 with 3.19 g/t over 1 meter, and KW4_01 with 1.46 g/t over 1 meter.
About Douglas Lake
The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.
Last Trade: 0.10 52 Week: 0.80 – 0.08 Markt Cap: 30.74 Million
Paramount Gold and Silver Reports Significant Intercepts in 10 New Drill Holes on Its San Miguel Deposit Including 13.45 Meters Grading 2.61 G/T Au and 513.8 G/T Ag
Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") today reported high-grade gold and silver values from 10 additional core holes drilled on the San Miguel Vein deposit at its 100%-owned San Miguel Project in Mexico. All 10 holes drilled in late 2011 on the San Miguel Vein deposit returned multiple intercepts of significant gold and silver mineralization including 5.1 meters grading 6.58 grams per tonne of gold and 1,285.9 grams per tonne of silver.
----------------------------------------------------------------------------
Hole # Area Total Length From (m) To (m) Width (m) Au g/T Ag g/T
(m)
----------------------------------------------------------------------------
SM-11-090 SAN MIGUEL 419.85 203.05 203.55 0.50 1.08 118.00
----------------------------------------------------------------------------
SM-11-091 SAN MIGUEL 344.20 240.95 243.65 2.70 0.63 17.61
----------------------------------------------------------------------------
SM-11-092 SAN MIGUEL 191.70 128.00 131.10 3.10 0.26 5.22
----------------------------------------------------------------------------
SM-11-093 SAN MIGUEL 237.35 148.05 154.80 6.75 1.68 24.07
----------------------------------------------------------------------------
SM-11-094 SAN MIGUEL 260.00 130.20 130.90 0.70 0.98 801.00
----------------------------------------------------------------------------
SM-11-095 SAN MIGUEL 234.65 106.55 121.90 15.35 0.20 338.75
----------------------------------------------------------------------------
SM-11-096 SAN MIGUEL 240.75 124.25 129.25 5.00 0.08 36.28
----------------------------------------------------------------------------
SM-11-097 SAN MIGUEL 271.25 121.80 125.25 3.45 0.14 245.51
----------------------------------------------------------------------------
SM-11-098 SAN MIGUEL 232.70 187.30 200.75 13.45 2.61 513.84
----------------------------------------------------------------------------
SM-11-099 SAN MIGUEL 359.75 213.30 215.55 1.95 1.27 58.90
----------------------------------------------------------------------------
About Paramount Gold
Paramount Gold is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded exploration programs are now in progress at these two core projects which are expected to generate substantial additional value for our shareholders. Engineering studies are scheduled for completion in 2012 to define a development path and economic valuation for each project.
Last Trade: 2.29 52 Week: 4.52 – 2.00 Market Cap: 313.47 Million