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Message: AGORACOM Small Cap TV - April 23rd - 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 April 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 ... or click on the image below.
Seafield Announces Preliminary Economic Assessment for Its Miraflores Deposit, Indicating an IRR of 50% and 709,349 Ounces of Recovered Gold
is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") for its 100%-owned Miraflores Deposit (the "Project"), located in the Quinchia District of the Department of Risaralda, Colombia. The PEA was completed by SRK Consulting ("SRK") of Denver, Colorado.
--Open pit mine life of 8 years, underground mine life of 10 years and
full process production life of 14 years.
--Average annual gold production of 71,007 oz ("Au") in the first 8 years
produced from open pit and underground mining; 114,173 oz total from
processing of low grade stockpile after year 8 until end of mine life
--Average mill throughput rate of 4,000 tonnes per day ("tpd");
--Mineable resource of 11.97 million tons ("Mt") of gold:
--6.97 Mt at 1.38 g/t Au (open pit mining)
--5.0 Mt at 2.27 g/t Au (underground mining)
--Strip Ratio of 2.04:1 (waste : mill feed including low grade stockpile)
--Average cash operating cost of US$ 524/oz during the first 8 years of
production when 82% of the gold is produced (excluding royalties of 6.4%
and refining charges);
About Seafield Resources Ltd.
Seafield Resources Ltd. is a mineral exploration company currently focused on advancing its Miraflores Deposit in Colombia towards feasibility level. Seafield'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 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.
Last: 0.15Range: 0.35-0.014Market Cap: 25.3 million
Nightingale signs $2.15 million EMR data migration and retention contract with the Association of Ontario Health Centres
Company establishes Data Management Centre of Excellence to help health care practitioners transition from legacy EMRs to Nightingale's cloud-based EMR
Nightingale Informatix Corporation(TSX-V: NGH),
an application service provider (ASP) of electronic medical record (EMR) software and related services, today announced that it has signed a $2.15 million services contract with the Association of Ontario Health Centres (AOHC) to i) migrate data from their member centres' existing EMR databases to Nightingale's EMR platform and ii) create virtualized local environments for each of the members' existing databases so the original client data will be accessible for reference purposes as needed. This services agreement follows the EMR software deployment contract awarded to Nightingale in December 2011 by the AOHC for the benefit of its member centres.
Nightingale is one of the fastest growing health care service and software companies in North America and is recognized as an industry leader in Web-based clinician and community based electronic medical records (EMR) serving the needs of small primary care practices, multi-physician outpatient clinics, and large scale regional health organizations and networks. Coupled with integrated practice management, transcription and revenue cycle management, Nightingale's comprehensive service offering allows customers to enhance patient care, increase revenue opportunities and optimize operations. Nightingale is continuously innovating and enhancing its services to meet the needs of its growing and diverse customer base. Nightingale - Healthcare connected. www.nightingalemd.ca
Last: 0.31Range: 0.35-0.21Market Cap: 23.6 million
Dacha Realizes $5.1 Million on Sale of 2.9 Tonnes of Lutetium Oxide
Dacha Strategic Metals Inc. (TSX VENTURE:DSM)(OTCQX:DCHAF)
is pleased to announce that it has sold 2,900 kilograms ("kgs") of Lutetium Oxide from its inventory held in Jurong, Singapore at a price of US$1,750 per kg for gross proceeds of US$5,075,000. Based on the original purchase price of US$309.60 per kg, the Company realized a pre-tax gain of $4.1 million. As at March 31 2012, Dacha held Lutetium at a mark-to-market price of $1,600 per kg.
Dacha Strategic Metals Inc. is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".
Last: 0.41Range: 1.20-0.38Market Cap: 30.6 million
Woulfe Mining Reports NPV US$400m With 46% IRR Sangdong Feasibility
is pleased to announce the results of a National Instrument 43-101 compliant feasibility study for its 100% owned Sangdong Mining Project located in South Korea.
Brian Wesson, CEO/President, commented, "This robust feasibility study marks a significant milestone in the development of the Sangdong tungsten project and sets in motion our strategic partnership with IMC and the finalising of the funding for the entire project, moving to production 2013."
TetraTech WEI Inc. (Tetra Tech) an independent engineering company with extensive experience in mining and tungsten conducted feasibility and have concluded as follows:-
NPV 8% US$400.3 Million
Breakeven 2.2 years
Initial Capital US$151.3 Million (includes 7.5% contingency and capital associated with stockpiling 200 Kt of pre-production ore)
The feasibility study is based on mining 1.2Mt from the Main and Footwall ore bodies above the valley floor (probable tungsten reserve 13.3Mt @ 0.425% WO3 with a cut-off of 0.24%WO3). The feasibility considers a window of 11.5 year mine life based on reserves. Infill drilling is ongoing in the eastern hanging wall and western extensions of all three mineralised zones above the valley floor with a view to further upgrading the 53.9 Mt of inferred resources and extending the mine life.
About Woulfe Mining Corp.
Woulfe Mining Corp. is a TSX-V listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.
The Company's current projects include the Sangdong tungsten-molybdenum mine, historically, one of the largest tungsten mines in the world; the Muguk gold-silver mine, formerly South Korea's largest gold mine, as well as a number of other properties with significant known mineralization and excellent regional exploration potential.
Last: 0.30Range: 0.405-0.17Market Cap: 92.6 million
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