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 January 9th and we’ve found 3 great press releases from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
SilverCrest Mines Inc. (the “Company”) (TSX VENTURE:SVL)- SilverCrest Continues to Intercept High Grade Gold and Silver at the Santa Elena Project,
The Santa Elena Project is easily accessible with excellent local infrastructure
report results for the next series of core holes of an “expanded” Phase II drill program
10 core holes reported below are part of the current program to in-fill and expand the newly reported NI 43-101 Indicated and Inferred resources
The most notable intercepts of this series of holes
· 36 meters grading 2.46 gpt gold and 49.33 gpt silver
· 19.7 metres grading 5.29 gpt gold and 106.7 gpt silver (525 gpt silver and silver equivalent)
ABOUT
SilverCrest Mines Inc. is a “Silver Focused” exploration and development company with a portfolio of high grade silver deposits and exploration properties located in Mexico and El Salvador
$1.4 – High $1.52
Melkior Resources Inc., (TSX VENTURE: MKR) Melkior Resources Drills 19.80 g/t Gold Over 3.18 Metres on 1010 Zone
wholly owned West Timmins gold project in
The current drill program has identified at least two gold zones as having significant new gold exploration potential namely
The assay results from drilling on these zones justify additional drilling which is anticipated in the spring of 2008.
ABOUT
Melkior is exploring for minerals in
0.42 – High 0.64
Petro Rubiales Energy Corp TSX.V: PEG
Net proved reserves up 445%, net proved and probable reserves up 84%
announce a significant increase in proved oil reserves (“1P”) and proved plus probable oil reserves (“2P”).
The Company has
received a revised independent engineering and economic evaluation of its
assets from Petrotech Engineering Ltd. (“Petrotech”) dated as of November 30,
Total proved (“1P”) reserves increased by 266% to 89.5 million
barrels
– Net proved reserves increased by 445% to 32.2 million barrels
– Total proved plus probable reserves increased by 26% to
230.8 million barrels
– Net proved plus probably reserves increased by 84% to 87.1 million barrels
– Total proved plus probable plus possible reserves of
320.3 million barrels
About
Petro Rubiales, a Canadian-based company and producer of heavy crude oil,
owns 100 percent of Meta Petroleum Limited, a Colombian oil and gas operator
$1.31 – High $2.00