Agoracom Updates
Full Text Posts Of Front Page Stories and Blog Posts On AGORACOM
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 September 4th, 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 ... or click on the image below.
Vista Gold Corp. Grows Mt. Todd Estimated Measured & Indicated Gold Resources to over 7 Million Ounces
Vista Gold Corp. (TSX & NYSE MKT: VGZ) ("Vista" or the "Company") today reported the results of an updated mineral resource estimate for the Batman deposit at the Company's Mt. Todd gold project in Northern Territory, Australia.
Highlights of the updated mineral resource estimate include:
- A 17% increase in contained gold ounces in the Measured and Indicated categories (+1,024,000 ozs) compared to the previous resource estimate (September 2011); and
- A 37% increase in contained gold ounces in the Measured and Indicated categories (+1,882,000 ozs) compared to the PFS.
About Vista Gold Corp.
Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista is advancing exploration on its Guadalupe de los Reyes gold/silver project in Mexico and has recently granted Invecture Group, S.A. de C.V. a right to earn a 62.5% interest in the Concordia gold project, in Mexico. Vista's other holdings include the Awak Mas gold project in Indonesia and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.
Last: 3.05Range: 4.55-2.32Market Cap: 235 million
Argonaut Gold Announces Updated PEA for the San Antonio Project, Projected Gold Production of More Than 1 Million Ounces
261% Increase in Net Present Value Reduction in Operating and Capital Costs, Coupled with Improved Recoveries
Argonaut Gold Inc. (TSX:AR) ("Argonaut", "Argonaut Gold" or the "Company") is pleased to announce the results from an updated Preliminary Economic Assessment ("PEA") for the 100% owned San Antonio gold project, located in Baja California Sur, Mexico. The updated PEA was completed by SRK Consulting Inc. ("SRK") of Denver, CO; Kappes, Cassidy and Associates ("KCA") of Reno, NV and Argonaut Gold's management team.
Project and Financial Highlights
Pre-tax Net Present Value ("NPV") of $294 million using an 8% discount rate.
After tax NPV of $206 million using an 8% discount rate.
After tax Internal Rate of Return ("IRR") of 66%.
Life of mine pre-tax cash flow from operations estimated at $729 million.
Average annual pre-tax cash flow of $48 million over 15 years (excludes pre-production years).
Initial $84 million capital expenditure ("CAPEX") investment is expected to be fully funded by internal cash flow and treasury.
About Argonaut Gold
Argonaut is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production-stage El Castillo Mine in the State of Durango, Mexico, the La Colorada Mine in the State of Sonora, Mexico, the advanced exploration stage San Antonio project in the State of Baja California Sur, Mexico, and several exploration stage projects, all of which are located in Mexico.
Last: 9.10Range: 10.20-4.58Market Cap: 842 million
Mkango Resources Intersects Further Extensive Zones of REE Mineralisation at Songwe and Commences Estimation of NI 43-101 Compliant Mineral Resource
Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce results for the remaining holes of the Stage 2 drilling programme at the Songwe project in Malawi. Highlights from the new results are as follows:
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PX007a |
45.5 m1 grading 1.8% TREO (51.9 - 97.3 m). Inclined hole (60 degrees). |
|
PX008 |
165.8 m grading 1.3% TREO (26.1 - 191.9 m), 34.0 m grading 1.8% TREO (257.0 - 291.0 m) and 20.1 m grading 2.1% TREO (318.9 - 339.0 m). Inclined hole (70 degrees). |
|
PX016 |
40.9 m grading 1.8% TREO (322.7 - 363.6 m EoH). Inclined hole (80 degrees). |
|
PX026 |
26.5 m grading 1.1% TREO (163.6 - 190.1 m) and 28.9 m grading 1.3% TREO (243.0 - 271.9 m). Inclined hole (80 degrees). |
|
PX028 |
134.3 m grading 1.9% TREO (10.7 - 145.0 m), including 67.7 m grading 2.3% TREO (40.3 - 108.0 m), 29.0 m grading 1.2% TREO (159.0 - 188.0 m). Inclined hole (60 degrees). |
|
PX029 |
112.7 m grading 1.7% TREO (4.6 - 117.3 m), including 24.6 m grading 2.4% TREO (5.6 - 30.2 m). Inclined hole (60 degrees). |
|
PX032 |
164.5 m grading 1.2% TREO (2.5 - 167.0 m), including 46.1 m grading 1.6% TREO (2.5 - 48.6 m). Inclined hole (60 degrees). |
|
PX034 |
21.5 m grading 1.7% TREO (13.0 - 34.5 m), 79.0m grading 1.7% TREO (47.0 - 126.0 m), including 13.2 m grading 3.0% TREO (89.0 - 102.2 m), 44.9 m grading 1.5% TREO (155.0 - 199.9 m) and 27.6 m grading 1.1% TREO (241.4 - 269.0 m). Inclined hole (65 degrees). |
Mkango Resources Ltd.
Mkango's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi. It holds, through its wholly owned subsidiary Lancaster, a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi. The main exploration target is the Songwe Hill rare earth deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s.
Last: 0.26Range: 0.69-0.26Market Cap: 9.7 million
Red Eagle Mining Intercepts 47.4 Metres Commencing From Surface at 1.34 Grams Gold Per Tonne in Oxides at Santa Rosa
Red Eagle Mining Corporation (TSX VENTURE:RD)(OTCQX:RDEMF) is pleased to announce that the initial assay results have been received from the Phase Three oxide core drill programme at the San Ramon gold system located within the Santa Rosa gold project in Colombia. Highlights from the initial holes (SR-066 to SR-076) include intercepts in hole SR-072 of 47.4 metres commencing from surface at 1.34 grams gold per tonne and in hole SR-069 of 11.7 metres at 4.96 grams gold per tonne. These latest results confirm strong gold mineralisation from surface in the oxidised material.
About Red Eagle Mining
Red Eagle Mining Corporation is a well-financed gold exploration and development company with an experienced exploration and management team. Red Eagle Mining is currently developing the San Ramon gold system in the Santa Rosa project in Colombia. Santa Rosa is an intrusive hosted structurally-controlled quartz stockwork system within the prolific Cretaceous Antioquia Batholith. Gold mining within the Santa Rosa project pre-dates the 16th century when an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by gently rolling hills and excellent infrastructure. Santa Rosa is also located 50km west of AngloGold Ashanti's Gramalote gold deposit (2.5 million ounce M&I resource grading 0.8 g/t Au) and 60km east of Continental Gold's Buritica gold deposit (630,000 ounce M&I resource grading 17.8 g/t Au).
Last: 0.50Range: 1.25-0.27Market Cap: 18 million
Copper Fox drilling indicates widespread mineralization in the discovery zone, including 1.01% CuEq over 47m, updates corporate activities
Copper Fox Metals Inc. (TSX-Venture: CUU) is pleased to announce assay results from two diamond drill holes from the Discovery zone at the Schaft Creek copper-gold-molybdenum-silver project, an update on the status of the feasibility study and other corporate activities. To view the location of 2012 drill holes completed to date, please visit the Copper Fox website at http://www.copperfoxmetals.com/i/pdf/2012_DDH_LOCATION_MAP.pdf
Highlights are:
- Diamond drill hole (DDH) CF427-2012 intersected 0.625% copper, 0.59 g/t gold, 2.02 g/t silver and 0.006% molybdenum (1.01% copper equivalent) over a core length of 47 m starting at a core interval of 509.00 m;
- Diamond drill hole (DDH) CF427-2012 intersected 0.24% copper, 0.14g/t gold, 0.006% molybdenum and 0.58g/t silver (0.36% copper equivalent) over an interval of 336.72m m starting at a core interval of 428.12;
- Diamond drill hole (DDH) CF426-2012 intersected 0.16% copper, 0.04g/t gold, 0.003% molybdenum and 0.81g/t silver (0.21% copper equivalent) over an interval of 689.11m starting at a core length of 76.55m;
- Phase 1 of the 2012 exploration program including diamond drilling has been completed. Additional drilling may be undertaken in September; and
- Results of the interpretation of the airborne and Titan-24 surveys over the Schaft Creek project by Mira Geosciences are expected shortly.
About Copper Fox
Copper Fox is a Canadian-based resource development company listed on the TSX Venture Exchange (TSX-V:CUU) with a corporate office in Calgary and an operations office in Vancouver and is involved in the exploration and development of the Schaft Creek copper-gold-molybdenum-silver deposit located in northwest British Columbia, Canada.
Last: 1.25Market Cap: 1.71-0.86Market Cap: 489 million
El Nino Ventures Inc. announces a 122 metre thick mineralized interval of massive sulfide mineralization assaying 6.15% Zinc, 0.10% Copper, 1.92% Lead, 0.64 gpt Gold and 70.6 gpt Silver at the Murray Brook Deposit, New Brunswick
El Nino Ventures Inc. ("ELN" and the "Company") (TSXV: ELN); (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to announce high-grade assay results for an additional nine holes from the most recent round of drilling at the Murray Brook polymetallic massive sulfide deposit, Bathurst Mining Camp, New Brunswick. The 2012 drill program consisted of ninety seven vertical holes for a total of 18,470 metres.
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Drilling Highlights
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About El Nino Ventures Inc.
El Niño Ventures Inc. is an international exploration company, focused on exploring for lead, zinc, copper, gold and silver in New Brunswick, Canada and copper in the Democratic Republic of Congo ("DRC").
Last: 0.09Range: 0.18-0.07Market Cap: 5.2 million
Gold Reach Intersects 316 Metres Grading 0.56% Copper Equivalent Including 30 Metres Grading 1.0% Copper Equivalent at the West Seel Deposit, British Columbia
Gold Reach Resources Ltd. (TSX VENTURE:GRV) (Gold Reach and/or the Company) is pleased to announce that assay results for holes S12-108 to S12-111 at the company's 100% owned Ootsa Property located adjacent to the producing Huckleberry Mine south of Smithers, British Columbia, have been received.
HIGHLIGHTS
- Gold Reach intersects 316 metres of 0.56% copper equivalent including 30 metres of 1.0% copper equivalent in hole S12-108.
- Hole S12-109 intersects 292 metres of 0.52% copper equivalent including 120 metres of 0.71% copper equivalent.
- Hole S12-110 intersects 206 metres of 0.46% copper equivalent within a larger zone of 739.9 metres averaging 0.34% copper equivalent.
- Zones of near-surface higher grade mineralization have been intersected at West Seel.
About Gold Reach Resources
Gold Reach Resources Ltd. has made an important new and strategic Copper Gold Molybdenum discovery on its 100% held Ootsa Property located adjacent to the 16,000 tonne per day Huckleberry Mine currently producing Cu Au and Mo in central BC.
Last: 1.37Range: 2.13-0.42Market Cap: 36 million
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