Agoracom Updates
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 October 15th, 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.
EuroSite Power Signs 6.6 Million Pounds Sterling Contract with Roko Health Clubs
EuroSite Power Inc. (OTCQB: EUSP), offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and leisure centers in the United Kingdom (UK) and Europe, today announced that it has signed a contract to provide on-site utility solutions at four sites operated by Roko Health Clubs in the UK. The total contract value of the four projects in Chiswick, Gillingham, Nottingham and Portsmouth to EuroSite Power is approximately 6.6 million pounds sterling (US $10.60 Million)
EuroSite Power sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation, operating expenses and support are paid by EuroSite Power.
About EuroSite Power
EuroSite Power Limited is a subsidiary of American DG Energy Inc. (NYSE MKT: ADGE). Both companies supply low-cost energy to their customers through distributed power generating systems. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by conventional energy suppliers.
Last Trade: 4.00 52 Week: 4.00 – 1.10 Market Cap: 217.45 Million
Teuton Resources Corp.: News Release---New Gold Zone Discovered at High Property-"King Tut"---Drill Cuts 222m of 0.88 g/t Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2012) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) is pleased to report results from the first hole drilled in 2012 on the High property, situated north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the "Golden Triangle"). The High property adjoins due south of Pretium Resources' Brucejack property.
A new zone, dubbed the "King Tut", has been discovered by surface sampling and drilling 1 50m south of the boundary with Pretium's Brucejack property, host of the Valley of the Kings zone (see Fig. 1, for location).
Drill |
Interval |
Width |
Width |
Gold |
H12-01 |
300-522 |
222 |
728 |
0.88 |
Four surface grab samples were taken in the porphyry immediately southwest of the drill collar. Results are as follows:
Sample |
Sample |
Copper |
Lead |
Zinc |
Silver |
Gold |
High-1 |
Grab |
0.07 |
0.36 |
0.10 |
14.5 |
1.79 |
High-2 |
Grab |
0.09 |
0.33 |
0.95 |
40.1 |
16.80 |
High-3 |
Grab |
0.12 |
0.08 |
0.16 |
4.2 |
0.56 |
High-4 |
Grab |
0.09 |
0.38 |
0.74 |
10.8 |
1.58 |
About
Teuton has been engaged in the acquisition and exploration of mineral properties in British Columbia’s famous “Golden Triangle” for the past 29 years. It now controls over 25 mineral properties encompassing 300,000 acres of claims, making it the largest landholder in this promising region. Nine of its properties are currently farmed out to other TSX-V listed companies.
Last Trade: 0.395 52 Week: 0.64 – 0.23 Market Cap: 19.95 Million
Scorpio Gold Announces Third Quarter 2012 Operating Results for the Mineral Ridge Project, Nevada
Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) today announced its operating results for the third quarter of 2012 ("Q3") at its 70% owned Mineral Ridge project, Nevada.
---------------------------------------------------------------------------- Q3 Q2 Q1 Year to Date ---------------------------------------------------------------------------- Mining operations Drinkwater pit Ore tonnes mined 156,007 160,664 122,995 439,666 Waste tonnes mined 738,890 700,523 656,770 2,096,183 --------------------------------------------- Total mined 894,897 861,187 779,765 2,535,849 Mary pit Ore tonnes mined 8,727 3,156 - 11,883 Waste tonnes mined 282,157 244,927 280,205 807,289 --------------------------------------------- Total mined 290,884 248,083 280,205 819,172 Processing Tonnes processed 186,858 160,759 126,668 474,285 Gold head grade (g/t) 2.10 2.09 2.34 2.16 Ounces produced Gold 6,663 7,394 7,197 21,254 Silver 2,900 2,930 3,174 9,004 Throughput (tonnes per day) 2,427 2,115 1,667 2,071 Precious Metal Sales (ounces) Gold 7,234 7,803 7,774 22,811 Silver 3,135 2,956 3,429 9,520 Exploration Drilling Holes 35 63 51 149 Meters 5,880 6,436 5,104 17,420 ----------------------------------------------------------------------------
The Mineral Ridge gold mining operation is located in Esmeralda County, Nevada. Scorpio Gold holds a 70% interest with joint venture partner Waterton Global Value L.P. (30%), and is entitled to receive 80% of cash flow generated. Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The property is host to multiple gold-bearing structures, veins and bodies at exploration, development and production stages.
Last Trade: 0.68 52 Week: 1.09 – 0.54 Market Cap: 77.89 Million
Balmoral Resources Ltd. (TSX VENTURE:BAR)(OTCQX:BALMF) ("Balmoral" or the "Company") today reported a number of additional high grade gold intercepts from seven holes completed in the ME-16/23 area of the Company's Martiniere Property during the summer drill program. The ME-16/23 area, located up to 1,500 metres northeast of the Martiniere West Zone and 350 metres northeast of the Bug Lake Zone, marks the northeastern most portion of the Martiniere Gold System tested to date.
Drill results were highlighted by a one metre, 139.00 g/t gold intercept from drill hole MDE-12-56, which tested the down dip extension of a high grade intercept (41.22 g/t gold over 2.50 metres) from hole MDE-12-20 (see NR12-09, Mar. 29, 2012). Additional high-grade results from hole MDE-12-57 and holes MDE-12-37 and MDE-12-38, the latter two collared approximately 65 metres southwest of MDE-12-56
Hole |
From |
To |
Interval* |
Gold |
|
Number |
(Metres) |
(Metres) |
(Metres) |
(g/t) |
Sub-Zone |
MDE-12-34 |
67.00 |
68.10 |
1.10 |
3.93 |
ME-16 |
MDE-12-35 |
23.70 |
36.00 |
12.30 |
0.31 |
|
50.50 |
64.15 |
13.65 |
0.68 |
ME-16 |
|
including |
55.15 |
55.80 |
0.65 |
5.86 |
" |
and |
63.70 |
64.15 |
0.45 |
4.92 |
" |
MDE-12-36 |
59.27 |
59.90 |
0.63 |
12.40 |
ME-16 |
MDE-12-37 |
33.00 |
63.00 |
30.00 |
1.34 |
New |
including |
35.70 |
36.25 |
0.55 |
53.60 |
" |
165.00 |
184.50 |
19.50 |
1.29 |
ME-23 |
|
including |
171.95 |
172.45 |
0.50 |
38.10 |
" |
275.00 |
275.70 |
0.70 |
3.04 |
||
292.90 |
356.00 (EOH) |
63.10 |
0.31 |
Bug Lake |
|
MDE-12-38 |
46.75 |
100.80 |
54.05 |
0.34 |
New |
including |
58.05 |
62.10 |
4.05 |
2.67 |
" |
which includes |
58.05 |
58.95 |
0.90 |
6.51 |
" |
and |
61.55 |
62.10 |
0.55 |
4.73 |
" |
Terminated Above ME-23 Target |
|||||
MDE-12-56 |
75.00 |
89.00 |
14.00 |
0.23 |
|
106.00 |
107.00 |
1.00 |
139.00 |
ME-16 |
|
MDE-12-57 |
79.40 |
97.00 |
17.60 |
0.30 |
|
including |
87.13 |
87.55 |
0.42 |
7.70 |
ME-16? |
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
Last Trade: 0.97 52 Week: 1.24 – 0.495 Market Cap: 70.25 Million