Agoracom Blog

AGORACOM Small-Cap TV – 6 Great Press Releases At The Open (January 7th)

Posted by AGORACOM at 9:23 AM on Monday, January 7th, 2008

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 7th and we’ve found 6 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.

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.

North American Tungsten Corporation Ltd. (TSX VENTURE:NTC)

Announces Agnico-Eagle Mines Limited Exercises Option to Increase Its Interest in the Jennings Joint Venture via C$4 Million in Exploration Expenditure

Agnico-Eagle Mines Limited exercised its option to increase its interest in the Jennings tungsten/molybdenum property from 50% to 70% via C$4 million in exploration expenditure by December 31, 2010.

The Jennings Joint Venture was established on April 25, 2006 whereby Cumberland Resources Ltd. (prior to being acquired by Agnico-Eagle Mines Limited) agreed to spend C$400,000 on exploration to acquire an initial 50% of the Jennings tungsten/molybdenum property (formerly the Tootsee River property) located on the BC-Yukon border about 85 kilometers west of Watson Lake, Yukon, Canada.

Under the terms of the Joint Venture Agreement Agnico-Eagle Mines Limited had the option (now exercised) to increase its interest in the project to 70% via C$4 million in exploration expenditure by December 31, 2010. North American Tungsten may elect to form a participating Joint Venture or convert its 30% working interest to a 2.5% NSR from two months after Agnico-Eagle Mines Limited has fulfilled its C$4 million expenditure requirement.

Stephen Leahy, CEO of NTC stated, “We are very pleased that Agnico-Eagle Mines Limited has validated the potential of the Jennings tungsten/molybdenum property via the decision to spend C$4 million on exploration over the next two years.”


Serengeti Resources Inc. (TSX VENTURE:SIR)

Results from Kwanika copper-gold property, British Columbia

Including 297 meters Grading 0.46% Copper, 0.59 g/t Gold

“We continue to intersect excellent grades in the high grade core of the system at Kwanika, including 297 meters grading 0.46% copper and 0.59 g/t gold in hole K-07-46,” stated Serengeti President and CEO David Moore. “Furthermore, drill hole K-07-44 indicates that the mineralized system remains open for expansion some 600 meters to the north of the high grade core….. Drilling will resume by mid-January to continue testing for extensions of the main copper-gold zone as well as other targets in the immediate vicinity,” elaborated Moore.

$1.22 (high of $4.80)


Lists on Deutsche Bourse


is pleased to announce that it is now listed on the Deutsche Bourse under the symbol 3KG.DE.

The proximity of Kinbauri’s Spanish assets to the European investment community is a major factor in the increased interest that Kinbauri is seeing from both institutional and retail investors in the E.U.

In addition, over the next 6 months, Kinbauri is planning on an aggressive multi-faceted European investor relations program. The listing on the Deutsche Bourse will enable investors to execute trades in Euros during regular European work hours without the necessity of currency conversion.

Kinbauri’s press release of November 28, 2007 reported an upgrade of its N.I. 43-101 compliant resources at El Valle/ Carles to:

– Measured and Indicated: 727,618 ounces gold (4,171,159 t at 5.4g Au/t) plus 84.8 million pounds copper (3,920,159 t at 1.0% Cu).

– Inferred: 1,100,962 ounces gold (4,847,119 t at 7.1g Au/t) plus 51.9 million pounds copper (4,208,119 t at 0.6% Cu).

Dr. Vern Rampton, President and CEO noted that Kinbauri has made significant progress at El Valle over the last year and has recently initiated a 23,000 Metre infill drilling program (See press release of November 1, 2007).

“We have continued to meet the milestones set out in early 2007, primarily due to the work of our experienced development team in Spain. Our 2,000 ton per day mill and collateral facilities are in good condition and only require minimal expenditures to begin production in 2010. Contracts are in the process of being awarded to complete detailed engineering plans to allow a scoping study to be completed in May, 2008; a feasibility study in November and pre-production development and equipment purchases during 2009.


SpaceDev, Inc. (OTCBB: SPDV)

Completes Second Milestone Under NASA Space Act Agreement for Development of Commercial Access to Space

SpaceDev Inc completed its second milestone under the Space Act Agreement with NASA after it completed a flight test plan for the company’s Dream Chaser vehicle.

Plans are in place for the Dream Chaser to conduct numerous suborbital flight tests later this decade.

SpaceDev entered into the Space Act Agreement with NASA to facilitate its development of reliable, safe and affordable transportation of passengers and cargo to and from Earth orbit.

As part of the agreement, NASA is providing support regarding ISS visiting vehicle requirements and processes as well as ongoing quarterly milestone review meetings.

close: $0.80 hi/low $1.06/$0.51

Electric car pioneer ZAP (OTC BB:ZAAP.OB

Offers Zero Fuel Costs for One Year

offering free electricity to charge your electric car for one year.

When you reserve a Xebra electric sedan or pickup online you will get a free Kill-A-Watt Smart Power Meter and free electricity for one year.

ZAP created the Xebra electric vehicle through a strategic partnership with a Chinese automaker. It is one of only a few street-legal electric vehicles in mass-production today that can travel faster than 25 MPH.

ZAP calls the Xebra a ‘City Car,’ a unique design suitable for urban, non-freeway driving. The car is ideal for households that want a fun, inexpensive vehicle for running errands around the city or for municipal and corporate fleet use. Unlike the hybrids currently on the market in the U.S., the ZAP car needs no gas at all; just plug into any conventional outlet, 110 or 220 volts.

Recently UPS leased a fleet of 42 Xebras to help with their peak holiday small parcel deliveries.

The City of Richmond, California was the first city to use Xebra trucks in its fleet.

.84 (.74 – 1.47)

Liberty Mines Inc. (TSX:LBE)

Intersects 1.37% Ni Over 14.20 m at the Hart Project


diamond drilling at the Hart Nickel Project has expanded the large nickel (“Ni”) sulphide zone discovered last year

with borehole H-07-48 intersecting 14.20 meters averaging 1.37% Ni.

Diamond drill hole H-07-43 intersected the same sulphide pool approximately 40 meters east of borehole H-07-48, encountering 26.3 meters of disseminated nickel sulphides with a 1.3 meter massive to semi-massive sulphide basal component that averaged 1.62% Ni.

Together with holes H-07-35 and H-07-30, which intersected 2.15% Ni over 14.55 meters and 1.17% Ni over 27.4 meters respectively, diamond drilling has identified the lower sulphide pool for over 150 meters on strike between 310 and 420 meters below surface. The zone still remains open to the east and west. The core lengths presented in the table are the intersected core lengths, and the composite lengths are core weighted.


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