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 December 19th and we’ve found 4 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.
Trillium North Minerals Ltd. (TSX – VX: TNM)
DRILLS HIGH GRADE GOLD AT GOLDEN PATRICIA EXTENSION
153.5 Grams Gold Over 0.43 metres
preliminary results from the 2007 Dorothy Dobie Project in Pickle Lake.
Hole DOR-07-005 intersected 153.5 gpt (4.48 opt) gold and 18 gpt silver over a sampled width of 0.43 metres.
As reported on November 22nd, 2007, hole DOR-07-005 intersected visible gold in the western extension of the Golden Patricia Vein.
DOR-07-002 intersected 4.96 gpt over 0.30 metres
The remaining results from hole DOR-07-005 are pending, as well as results from the remaining two holes of the program. The public will be notified once the remaining results are available and all results will then be posted on our website.
Barrick Gold’s Golden Patricia Mine adjoins the Dorothy Dobie Project to the east and produced 860,000 tons at a grade of 0.58 oz gold between 1989 and 1997 (Annual Report 1991 to Annual Report 1994, Lac Minerals, Annual Report 1995 to Annual Report 1998, Barrick Gold). The mined portion of the Golden Patricia vein averaged 0.45 metres.
Historical drilling completed by Bond Gold in 1990 traced a 1.2 kilometre strike length of the Golden Patricia Extension. Data from the historic drilling on the property was found to be incomplete necessitating a reconnaissance drill program to aid in targeting. Trillium’s 2007 drill program was designed to confirm the presence of the western extension of the Golden Patricia Vein and to aid in the building of a geological model for the property. The current drilling has successfully confirmed the presence of both the structure and gold mineralization, even beyond our expectations, given historical records.
Elliot Strashin, CEO, is quoted, “We are very pleased with the results and look to examples of success in narrow high grade vein deposits such as the Goldcorp Red Lake Mine, the nearby Golden Patricia and the recent success at Kodiak Exploration’s Hercules project. ……”
.145 (mid-end of trading range)
Medicago Inc. (TSX-V: MDG.V)
has entered into a collaboration and non-exclusive licensing agreement with an undisclosed Fortune 100 company (the “Partner”) to develop a product outside of the Company’s core development pipeline.
Medicago will receive a payment of $500,000 for the initial collaboration.
Under terms of this initial agreement, Medicago will collaborate with the Partner to advance the Company’s proprietary transient expression system to produce a therapeutic protein with a human-compatible glycosylation pattern.
Medicago is committed to provide highly effective and affordable vaccines based on proprietary Virus-Like Particle (VLP) and manufacturing technologies. Medicago is developing VLP vaccines to protect against H5N1 pandemic influenza, using a transient expression system which produces recombinant vaccine antigens in the cells of non-transgenic plants.
This technology has potential to offer advantages of speed and cost over competitive technologies. It could deliver a vaccine for testing in about a month after the identification and reception of genetic sequences from a pandemic strain.
This production time frame has the potential to allow vaccination of the population before the first wave of a pandemic strikes and to supply large volumes of vaccine antigens to the world market.
.25 (low-end of trading range and way off $1.01…watch for TLS)
Oromin Explorations Ltd. (TSX VENTURE:OLE; OTCBB:OLEPF)
Excellent Drill Results at Golouma West, Golouma South and Masato Gold Deposits
Add to Lateral and Depth Expansion
HIGHLIGHTS
– At Masato DH-131 intersects
a 20 metre mineralized zone including
3.22 g/t gold over 5 metres,
followed by 3,945.50 g/t gold over 1 metre (visible gold observed)
and then 3.56 g/t gold over 14 metres.
– At Golouma South DH-150 intersects the deepest mineralization to-date;
9.05 g/t gold over 8 metres and
5.08 g/t gold over 19 metres.
– At Golouma
45.03 g/t gold over 5 metres,
11.29 g/t gold over 10 metres and
7.77 g/t gold over 7 metres.
Oromin’s 2007 and 2008 advanced exploration programs are focused on resource delineation of its Sabodala Gold Project’s numerous gold zones and gold deposits. More than 75,000 metres of drilling is planned in advance of the Project’s initial resource estimate scheduled for April 2008. Results from the ongoing property-wide exploration program continue to support Oromin’s model of multiple gold deposits within the Sabodala Project.
$3.25 (mid-range of trading)
Tenajon Resources Corp. (TSX VENTURE:TJS)
Intersects 0.066% Molybdenum (Mo) Over 373.08 Metres at Moly Brook
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Results include 109.73m of 0.097% Mo and 21.34m of 0.134% Mo
assay results have been received for the first two diamond drill holes from the exploration program recently completed at its Moly Brook Property located on the south coast of
Both holes intersected widespread molybdenum values with
Within the intercept are 21.34 metres averaging 0.134% molybdenum and 109.73 metres averaging, 0.097% molybdenum.
The holes were part of a 12 hole diamond drilling program totaling 3,633 metres in length completed in mid November.
Bruce McLeod, President & CEO of Tenajon. “When combined with the exploration success at the Ajax Molybdeum property, Tenajon is effectively compiling a project portfolio of large tonnage molybdenum targets located in
.425