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 October 31st and we uncovered 5 great releases today from both sides of the border. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
Syscan (TSX VENTURE:SYA) Releases 2007 Audited Results
for the year ended June 30, 2007.
Sales were $1,811,228 ^ 30% vs. $1,397,258 in the previous year
net loss of $1,088,534 vs $2,421,787 in fiscal 2006
Cash used in operations also fell to $973,717 from $2,140,097.
Revenues improved 30% RFID revenues doubled Gross margin doubled Operating expenses cut 25%(i) Net loss reduced by half
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FirstGrowth (TSX VENTURE:FGC)(FRANKFURT:G8Q) (OTCBB:FGCDF) Announces Contract With Province of Quebec
FirstGrowth Exploration & Development Services Corp
its subsidiary, Kinetex Inc. (“Kinetex”), in conjunction with its industry partner Geophysique GPR International Inc., has been awarded a contract to supply 3C digital imaging services to the
Kinetex is proud to have its services under contract with the
“The award of this contract provides additional confirmation that the Company’s strategy of developing distinct value through its digital 3C service continues to be recognized,” stated Gil Schneider, CEO of FirstGrowth. “The strong demand for our premium geophysical services is evident in both our diverse range of clients and market exposure within the oil and gas as well as base and precious metals industry.”
Kinetex reports that its current backlog and continuing solicitation activities remain strong with all crews working at capacity.
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Pacific Safety Products (TSX VENTURE:PSP) Receives Contract Extension Worth $750,000
has been awarded a contract extension for the production of additional ballistic vests from a Canadian customer.
delivery will be spread out over the next 4 months.
PSP is the largest armor manufacturer in
Through its
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Halo (TSX VENTURE:HLO) (OTCBB:HLOSF) (FRANKFURT:HRL) Discovers New Bob North Zone at Sherridon , Manitoba
Lynda Bloom, President and CEO of Halo Resources Ltd. is pleased to announce
the discovery of a new massive sulphide zone approximately 100 metres northeast of the
The new Bob North massive sulphide zone has been intersected in four drill holes over a 250 metre strike length at a shallow depth between 172 metres and 221 metres.
While final assay results are pending,
three additional holes have intercepted a similar massive sulphide zone with thicknesses ranging from 5.4 to 14.8 m.
The new Bob North Zone currently remains open in all directions and represents a new exploration target area that once fully tested could add significantly to the tonnage potential of the
HIGHLIGHTS
– Total of 4 new holes intersect new zone over 250 m
– 6.5 m of 0.8% copper and 3.0% zinc, within 11.6 m of 0.8% copper and 1.8% zinc
Results from DH07-58 are included in the table below. Assays are pending for an additional three holes.
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Ontex Resources (ONT: TSX) Controls Dominant 629,900 Oz Gold Deposit In Beardmore-Geraldton Gold Belt
In response to exceptional land consolidation and drilling activity taking place within the Beardmore-Geraldton Gold Camp, as well as, significant interest from potential suitors, is pleased to provide the following update with respect to it’s 100% owned Brookbank property
BROOKBANK GOLD DEPOSIT – GENERAL
Despite the fact that numerous junior resource companies have significantly increased the staking and acquisition of land around the Company’s Brookbank property, the Brookbank Gold Deposit remains one of the largest properties in the vicinity, with 688 claims covering a strike length of 35 kilometers and spanning 5 townships.
Mineralization extends over a strike length of about 800 meters and has been drill tested to a depth of about 600 meters..
BROOKBANK GOLD DEPOSIT – LARGEST NI 43-101 RESOURCE IN BEARDMORE-GERALDTON GOLD BELT
an indicated and inferred mineral resource of 2.6 million tonnes grading 7.4 g Au/t containing 629,900 Oz Au at a cut-off grade of 3.0 g Au/t.
does not include results from the Company’s two recent successful drilling programs.
As a result, several junior resource companies have recently staked claims contiguous to Brookbank to the North, South and West, including but not limited to Kodiak Exploration (KXL: TSX-V) and Alto Ventures (ATV: TSX-V).
DRILLING PROGRAM TO ENHANCE OPEN PIT POTENTIAL
Following the successful outcome of the summer 2007 diamond drill program, in which all 6 holes intersected gold mineralization, the Company is in the process of planning an additional drill program designed to further enhance the open pit potential on Brookbank. Management plans to increase the current resource estimate with continued drilling that will explore the similar alteration halo in the
JOINT VENTURE SUITORS
As previously announced, several junior and major mining companies have shown meaningful interest in a possible joint venture on the Brookbank Gold Deposit. At this time the Company is reviewing several proposals and is engaged in ongoing discussions.
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**DISCLOSURE – Ontex Is An AGORACOM Client. See IR HUB
END OF SHOW NOTES