Agoracom Blog

AGORACOM Small-Cap TV – 4 Great Press Releases Before The Open (October 11th)

Posted by AGORACOM at 8:48 AM on Thursday, October 11th, 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 Thursday, October 11th and we were able to uncover 4 great releases today , all of which came out of the junior resource exploration space. Two of the press releases include financial results and the other two include great drill holes. We found nothing of any interest on the US markets today. 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.

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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.

Dia Bras Achieves Record Production Value of US$8.0 Million from Bolivar Pilot-Mining Program in Third Quarter 2007

Dia Bras Exploration Inc. (TSX VENTURE: DIB)

reports third quarter net estimated smelter production value from its Bolivar pilot-mining program of US$8.0 million for a cumulative amount of US$18.0 million for the nine month period ended September 30, 2007. This sets a record production value for a three month period since inception of pilot mining program in 2005.

It is important to note that Bolivar is not at a commercial production stage. The objective of the program is to generate sufficient cash flow from zinc and copper concentrate production to help finance development and exploration at the Bolivar mine and elsewhere on the Bolivar project.

The completion of a feasibility study is required to confirm the economic viability of a property before it is brought into commercial production… The Company expects to complete its exploration program on the Bolivar property and extensions in order to start a feasibility study in 2008.


Uruguay Mineral Exploration Inc (”UME”) Announces Results for the Quarter Ended August 31, 2007

Uruguay Mineral Exploration Inc. (TSX VENTURE:UME) (LSE:UGY):

Summary of Results

Gold production was 18,488 ounces for the first quarter compared to 19,175 ounces in the corresponding quarter of the prior financial year. While production was approximately 2,500 ounces less than anticipated for the quarter, the full year production forecast of 95,000 ounces is maintained.

— Cash costs were $US 425 per ounce for the quarter compared to $US 332 for the corresponding quarter of the prior financial year. This was in line with our expectations as a result of the lower production.

Net profit after tax for the first quarter was $US 1.2 million or $US 0.025 basic earnings per share, compared to a net profit after tax of $US 2.6 million or $US 0.054 basic earnings per share for the first quarter of the 2006 financial year.

Cash flow from operations before non-cash working capital movements was $US 4.111 million for the first quarter. Cash as at 31st August was $US 11.6 million.

— The average realized gold price for the first quarter was $US 661 per ounce.

— The interim dividend of C$ 3.5 cents per share, announced with the results for the annual fiscal year on 14th August 2007, will be paid to shareholders on 26th October 2007.


Linear Metals Intersects 96 metres of 1.76% Copper at Cobre Grande Project, Oaxaca, Mexico

Linear Metals Corporation (TSX VENTURE:LRM)

continues to intersect significant copper-molybdenum-zinc mineralization at its Cobre Grande project, located in Oaxaca, Mexico.

Highlights from the most recent drill results are:

CG-39: 46.9 metres of 3.62% zinc, 0.09% copper, 0.022% molybdenum and 8.2 grams per tonne silver;

including 28.0 metres of 5.20% zinc, 0.11% copper, 0.010% molybdenum and 8.7 grams per tonne silver;

CG-40B: 96.31 metres of 1.76% copper, 0.070% molybdenum, 0.55% zinc and 59.8 grams per tonne silver;

— including 26 metres of 3.37% copper, 0.128% molybdenum, 0.60% zinc and 119.7 grams per tonne silver; and

CG-41: 105.5 meters of 1.01% copper, 0.033% molybdenum and 12.1 grams per tonne silver.

Dynamite Resources Announces Discovery Hole 89.3 Metres Grading 0.61% Copper & 1.38 Grams Per Tonne Gold at Mike Lake Project, Yukon

Dynamite Resources Ltd (“DNR”) (“Dynamite”) (TSX VENTURE: DNR)

substantial gold-copper mineralization has been intersected in the first diamond drill hole at the Upper Skarn Ridge target at the Company’s Mike Lake Gold-Copper Project in west-central Yukon.

The property is located 25km north of the former Brewery Creek gold mine and is 70km northeast of the world famous Klondike Goldfields.

“This is a significant development for Dynamite. Our first hole in the Upper Skarn Ridge can be considered a discovery hole. We will aggressively continue our exploration of this exciting new discovery.” states Dynamite Chairman, Stan Bharti.



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