Agoracom Blog

AGORACOM Small-Cap TV – 4 Great Press Releases At The Open (November 1st)

Posted by AGORACOM at 9:30 AM on Thursday, November 1st, 2007

Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s November 1st and the TSX Venture rules the small-cap and micro-cap world today with 4 great releases North of the border. Another great day for the small-cap and micro-cap world.

You can watch AGORACOM TV right from our home page , or our archive where you can see or search all of our previous shows.

If you are new to the show, it is a daily, fast-paced, edgy report that we put out at or before the open everyday that strictly reports on the best small cap and micro cap press releases of the day in 3-5 minutes. You can watch the show by going to AGORACOM every morning.

Our daily show focuses on content over form so that you can get profitable information into your hands as fast as possible. The same holds true for these blog entries where I simply cut and paste my TV notes for your benefit, without any editing.

If you have any material information pertaining to any of today’s companies, be sure to share your knowledge by posting your comments for everyone to see.

As always, don’t forget to visit the AGORACOM Marketplace where we list compelling summaries for over 65 great small-cap companies that you can sort by exchange and industry to suit your personal investing tastes.

Now, onto our show notes for the day.

 

 

Rochester Resources Achieves Profitability From Operations in First Quarter of Commercial Production (August 31)

(TSX VENTURE:RCT) (OTCBB:RCTFF) (FRANKFURT:R5I):

net revenue of $1,766,783 on 2,656 oz. of gold equivalent (gold 2,252, silver 20,824) shipped during the three months ended August 31, 2007

operating profit of $213,538 after non-cash charges $237,407.

net loss of $761,527 after $506,785 in non-cash compensation charges

Since August 31 2007 there has been a significant increase in the spot price of gold to a close of $789.50 per ounce on October 31 2007.

Dr. Alfredo Parra, President and CEO “We expect significant improvement in net revenues and profitability as we continue to reduce operating costs, improve recovery rates and increase head grades over the coming months. Rochester is well positioned to take full advantage of the current bull market in gold and silver.“.

2.51


Diamonds North Resources Ltd.: New Nunavut Nickel Discovery (DDN: TSXV)

announces the discovery of high-grade nickel in outcrop on its 100% owned Amaruk property in Nunavut.

Grab samples from a highly oxidized, sulfide rich zone within suspected gabbro yielded high nickel values with associated copper and cobalt. Sample 1 yielded 1.36% nickel, 0.21% copper and 0.07% cobalt.

Assays from five samples collected from the location are listed below.

Sample Assays
———————————
Nickel Copper Cobalt
Sample % % %
———————————
1 1.36 0.21 0.07
———————————
2 0.92 0.25 0.05
———————————
3 0.63 0.28 0.02
———————————
4 0.50 0.24 0.04
———————————
5 0.35 0.14 0.02
———————————

 

“Having explored for nickel for more than 20 years, these results are significant and highly encouraging. If other nearby anomalies or gossans also return anomalous nickel values, we may well have discovered a new nickel district in Canada,” says Bernard Kahlert, Director of Diamonds North.
.80


Streetlight Intelligence Inc. Announces First Canadian Product Sale

(TSX VENTURE:SLQ)

announced today it has received a purchase order for 70 units of its Lumen IQ adaptive lighting system for the new Lake Okanagan bridge project being built in Kelowna, British Columbia, Canada.

The Lake Okanagan bridge order has a value of approximately $10,000.

The new bridge will be one of the most advanced sections of roadway in Canada.

automatic incident detection,
closed circuit television system,
fibre optic cable,
seismic and weather monitoring and
Streetlight Intelligence’s Lumen IQTM roadway lighting control system.

allows streetlights to be remotely programmed and turned on/off or dimmed at specific times delivering significant energy savings. This programmable capability is combined with functionality that reduces maintenance costs. The result is a complete solution that allows power utilities, municipalities and private street light operators to significantly reduce their energy and maintenance costs and achieve environmental benefits.

.86


Noront Announces More Hi-Grade Gold at Windfall Lake

(NOT: TSXV)

Not Double Eagle project

significant assay results of recent diamond drilling completed on the Company’s Windfall Lake Project, situated in Urban Township, Quebec.

Four drill holes completed intersected significant intervals of gold mineralization.

DRILL               LENGTH              GOLD

HOLE

--------------------------------------------------------------------

                   (m)  (ft.)      (g/t)  (opt)

--------------------------------------------------------------------

NOT-07-134        3.65   12.0       6.19   0.18

--------------------------------------------------------------------

NOT-07-143        7.00   23.0      14.44   0.42

--------------------------------------------------------------------

NOT-07-144        3.00    9.8       6.57   0.19

--------------------------------------------------------------------

NOT-07-150        2.16    7.1      21.17   0.62

--------------------------------------------------------------------

                  2.70    8.9      23.29   0.68

These holes are situated in the area within 100 m of NOT-06-100.

They tested to about 100 m below surface with the objective of linking surface showings and existing shallow drill intersections.

The intersections in holes 134, 143 and 144 lie generally on strike with the NOT-06-100 zone. Hole 143 in particular underlines the potential dimensions of high-grade mineralization.

$5.93

**DISCLOSURE – Noront Is An AGORACOM Client. See IR HUB

END OF SHOW NOTES

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