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Message: AGORACOM Small Cap TV - January 31st - 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 31st, 2012, and we’ve found 7 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.
Cardero Receives 43-101 Resource Estimates for Longnose and TiTac Ferro-Titanium Deposits, Minnesota, USA
is pleased to announce that it has received mineral resource estimates for the Longnose and Titac South iron-titanium deposits from SRK Consulting (Canada) Inc. Details from the two resource estimates are outlined below.
CategoryEstimated QuantityTiO2 (iii)
About Cardero Resource Corp.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
Last: 1.40Range: 2.25-0.75Market Cap; 128 million
THEMAC Resources Group Limited Announces a 56% Increase in Recently Updated Measured & Indicated Resource Estimate
THEMAC Resources Group Ltd. (TSX VENTURE:MAC)
today announced the completion of an updated National Instrument 43-101 (NI 43-101) resource estimate of its 100% owned Copper Flat project located in Sierra County, New Mexico, prepared by M3 Engineering & Technology Corporation (M3) and Independent Mining Company (IMC), both located in Tucson, Arizona.
The recently completed resource estimate reflects the results of a previously announced drilling completed in 2010 and 2011; the re-assay of 2,969 historical pulps to obtain gold and silver values and continued geotechnical and engineering design studies.
- The total Measured and Indicated Resource increased by 56% to 1,005,891,000 pounds of contained copper from the previously reported 645,000,000 pounds of contained copper.
- The total Resource (indicated and inferred) of 153,000 Ktons, of which 107,000 was indicated, that was reported in the 2010 Preliminary Economic Analysis (PEA) has been increased to 202,303 Ktons of which 194,097 Ktons is now measured and indicated resources.
- Only 8,206 Ktons remain classified as Inferred Resources.
- The re-analysis of 2,969 pulps of historical drill samples has permitted IMC to factor both gold and silver values into approximately half of the current resource model. As a result, additional re-assaying of historical pulps is planned with the intent to increase contained gold and silver.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management team and as of May 18, 2011, a 100% ownership interest in the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA. We are committed to bringing the closed copper mine, Copper Flat, in Sierra County, New Mexico back into production with innovation and a sustainable approach to mining development and production, local economic opportunities and the best reclamation practices for our unique environment. The Company is listed on the TSX Venture Exchange (ticker: MAC) and has issued share capital of 74,117,622 common shares (fully diluted share capital 136,423,241).
Last: 0.70Range: 1.00-0.52Market Cap: 51.8 million
Seafield Increases Resource for the Miraflores Deposit at Its Quinchia Gold Project, Colombia
is pleased to announce an updated National Instrument 43-101 ("NI 43-101") compliant resource estimate for the Miraflores Deposit at the Company's Quinchia Gold Project. Seafield's 100%-owned, 6,757-hectare Quinchia Gold Project is located in the Department of Risaralda, Colombia. The updated resource estimate was completed by independent consultants, Scott E. Wilson Consulting Inc., and is based on 15,161 metres of drilling in 35 exploration drill holes and 236 metres of channel sampling from one crosscut tunnel (as at December 31, 2011). A 5,000-metre diamond drill program is currently underway at Miraflores to further define the mineralization of the breccia pipe structure to the south and at depth and to evaluate potential mineralization outside of the pipe to the west.
- As at December 31, 2011, the updated resource estimate for Miraflores at a 0.3 grams per tonne (g/t) gold cut-off is:
About Seafield Resources Ltd.
Seafield Resources Ltd. is a mineral exploration company focused on acquiring and advancing precious metals projects in Colombia. The Company's 100%-owned 6,757-hectare Quinchia Gold Project is located in Department of Risaralda, Colombia. Seafield's Miraflores Deposit currently has a NI 43-101 compliant Measured and Indicated resource estimate of 1,925,542 ounces gold at 0.8 g/t and an Inferred resource estimate of 103,043 ounces gold at 0.6 g/t. Additionally, the Company recently announced an NI 43-101 compliant resource estimate for its Dosquebradas Deposit, also part of the Quinchia Gold Project, with Inferred resource estimate totalling 920,772 ounces gold at 0.5 g/t.
Last: 0.21Range: 0.48-0.14Market Cap: 35.44 million
Brazilian Gold Intersects 82 m Grading 0.85 G/T Including 4 m Grading 13.9 G/T Gold at The Surubim Project (Jau Target), Brazil
Brazilian Gold Corporation (BGC - TSX Venture),
is pleased to report assay results for the final 11 holes of the 2011 drill program on the Surubim project (Jau target) in the Tapajos region of northern Brazil. Gold mineralization at the Jau target was discovered by Brazilian Gold in the first quarter of 2011 and has been intersected in drill holes (20 holes in 6,203 m) over a strike length of 700 m and up to a depth of 250 m below surface; the mineralization is open at depth and to the west. The target is located approximately 65 km southwest of the Company's advance stage Sao Jorge project and is accessed by the Transgarimpeiro Highway.
* JAD-012-11 intersected 1.35 g/t gold over 12 m,
* JAD-013-11 intersected 0.85 g/t gold over 82 m that includes a higher grade interval of 13.8 g/t gold over 4 m,
* JAD-018-11 intersected 3.39 over 4 m, and
* JAD-019-11 intersected 1.16 g/t gold over 12 m (See table below for a complete set of drill intersections).
* Jau target represents one of several highly prospective gold targets identified on the Surubim project.
* Soil geochemistry and mapping currently underway on the Mariazinha target.
About Brazilian Gold Corporation
Brazilian Gold is a Canadian-based public company with a focus on the acquisition, exploration and development of mineral properties in northern Brazil. The Company has title to one of the largest land packages (3,750 km2) in the Tapajos and adjacent Alta Floresta gold provinces. The land package contains green fields to more advance stage projects including the Company's flagship Sao Jorge project.
Last: 0.48Range: 1.72-0.33Market Cap: 48 million
Majescor and Somine Report 0.60% Cu (0.66% Cu Equivalent(i)) Over 212.8 M in Drill Hole D-005 at the Douvray Porphyry Copper-Gold Prospect, Northeast Haiti; Drilling Started at Blondin Prospect
Majescor Resources Inc. (TSX VENTURE:MJX),
its 100%-owned affiliate company SIMACT Alliance Copper-Gold Inc. ("SACG") and their Haitian partner SOMINE SA are pleased to report final assay results for the near-surface primary sulphide zone in drill holes D-003, D-004, and D-005 at the Douvray copper-gold prospect on their SOMINE porphyry copper-gold and epithermal vein gold-silver project in Northeast Haiti. Analytical results for the oxide and oxide-sulphide transition zones in holes D-003, D-004, and D-005 are pending and will be reported in a subsequent release.
Hole D-005 was drilled at -90º to a depth of 391.0 m with the following results:
- Primary Sulphide Zone: 0.60% Cu, 0.08 g/t Au, 0.88 g/t Ag over 212.80 m, or 0.66% Cu equivalent(i) over 212.80 m (from 25.50 m to 238.30 m); including:
- 0.74% Cu, 0.09 g/t Au, 1.02/t Ag over 132.20 m, or 0.81% Cu equivalent(i) over 132.20 m (from 41.60 m to 173.80 m);
About Majescor Resources Inc.
Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Québec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% Joint Venture with Sunridge Gold Corp.).
Last:0.225Range: 0.36-0.10Market Cap: 13.8 million
Beacon Enterprise Solutions Announces $2 Million in New ITS Projects for 2012 with Existing Fortune 100 Clients
eacon Enterprise Solutions Group, Inc. (OTCBB: BEAC) (www.askbeacon.com), an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions, today announced the award of approximately $2 million in new ITS business from existing Fortune 100 clients.
Beacon has identified and begun initial work that will extend to more than 18 global manufacturing sites. Expanding enterprise services to include industrial networks is forecasted to add $2 million of incremental revenue for fiscal 2012. This work leverages Beacon's existing four core business units and will utilize the same site assessment, design/build and manage approach that has been successful in the enterprise space with enterprise IT networks.
About Beacon Enterprise Solutions Group, Inc.
Beacon Enterprise Solutions Group is an emerging global leader in the design, implementation and management of high performance Information Technology Systems ("ITS") infrastructure solutions. Beacon offers fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management. Beacon is headquartered in Louisville, Kentucky, with regional headquarters in Cincinnati, Ohio, Dublin, Ireland, Prague, Czech Republic and personnel located throughout the United States and Europe.
Last Trade: 0.29552 Week: 0.70 – 0.14Market Cap: 11.1 Million
Gastar Exploration Announces 138% Increase in Proved Reserves and Provides 2012 Capital Budget and First Quarter Production Guidance
Gastar Exploration Ltd. (NYSE Amex: GST) ("Gastar" or the "Company") today announced its total proved Securities Exchange Commission ("SEC") reserves as of December 31, 2011 and approved its 2012 capital budget.
Gastar reported year-end 2011 proved natural gas, oil and condensate and natural gas liquids (NGLs) reserves of 119.7 Bcfe estimated in accordance with SEC regulations. This represents an increase of 138% over year-end 2010 proved reserves of 50.3 Bcfe. Of the 119.7 Bcfe, 76.6% were attributable to natural gas, 9.6% to oil and condensate and 13.8% to NGLs.
Proved undeveloped reserves at year-end 2011 represented approximately 34% of total proved reserves compared to approximately 17% at year-end 2010. Proved undeveloped reserves at year-end 2011 were comprised of 41.2 Bcfe of Appalachia Basin reserves having a PV-10 value of $67.3 million.
During the fourth quarter ended December 31, 2011, Gastar USA issued 554,044 preferred shares for net proceeds of $10.5 million resulting in year-end 2011 total preferred shares issued of 1,364,543 for net proceeds of $35.5 million.To date during January 2012, Gastar USA has issued an additional 499,387 preferred shares for net proceeds of $9.4 million.
About Gastar Exploration
Gastar Exploration Ltd. is an independent company engaged in the exploration, development and production of natural gas and oil in the United States.Our principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on prospective deep structures identified through seismic and other analytical techniques as well as unconventional natural gas reserves, such as shale resource plays.
Last Trade: 2.8952 Week: 5.03 – 2.35Market Cap: 186.97 Million
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