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 March 11th and we’ve found 5 great press release 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.
Hawthorne Gold Corp. (CDNX:HGC.V) and Eureka Resources Inc. (CDNX:EUK.V)
Drill Results Confirm Bulk Tonnage
results of the 16 hole drill program (3,617 metres) completed on Frasergold in December 2007. The property is located in the Cariboo Gold District of central
Highlights from the recent drill program include
No. 07298 which intersected 43.7 metres averaging 1.00 g/t Au, hole
No. 07297 intersected 28.4 metres averaging 1.06 g/t Au, hole
No. 07300 intersected 30.5 metres of 1.11 g/t Au, and hole
No. 07295 intersected 24.4 metres averaging 1.05 g/t Au.
The balance of the highlighted results are listed in the table below.
Hawthorne compares the potential Frasergold mining operation to Kinross’s Paracatu Gold Mine in Brazil and the Fort Knox Gold Mine in Alaska (both low-grade, open-pit bulk-tonnage operations).
“The Frasergold property hosts the potential for a significant gold resource. The current program is confirming mineralization and gold distribution within the Main Zone that has close similarities to the Paracatu gold deposit. These two significant intersections confirm the historical mineralized system that extends over two kilometers in length,” commented Michael Redfearn, Vice President of Operations of
“These positive drill results further confirm our historical findings and make me all the more optimistic about the future of the Frasergold Project,” stated John J. O’Neill, CEO and President of
HGC 2.26 (high of 2.40)
EUK .70 (high of .88)
Diamonds North Resources Ltd. (TSX VENTURE:DDN)
Diamonds Results for Qavvik-5 & Qavvik-6, Plans For Larger Samples Underway
announces favourable diamond counts from the Qavvik-5 and Qavvik-6 kimberlites located on the Company’s 100% owned Amaruk property in the Pelly Bay Diamond District of Nunavut.
130 diamonds have been recovered from 103.4 kilograms of Qavvik-5 and
118 diamonds were recovered from a 107.7 kilogram sample of Qavvik-6.
The Company views these results as very significant. The diamond counts demand follow-up drilling with a core drill to further evaluate the economic potential of these kimberlites. The presence of a diamond fragment as large as 1.2mm in one direction suggests that larger diamonds are being broken.
Diamonds North has discovered 22 kimberlites to date on the Amaruk property. Diamond results have been reported for 14 of the kimberlites with more than 85% being diamondiferous and 50% exhibiting encouraging diamond counts that require follow-up exploration. With 500 geophysical targets to be tested on a property with an abundance of compelling diamond indicator minerals, Amaruk is one of
Nancy Curry and Mark Kolebaba
.86 (52-week high of $2.07)
Optimal Geomatics Inc. (TSX VENTURE:OPG)
Reports First Quarter Financial Results – Jan 31, 2008
Revenue $3.7 million, a 1% increase
Gross margin was 22%, a decrease as compared to the gross margin of 29%
Operating loss was $270 thousand compared to an operating loss of $729 thousand
Net loss was $45 thousand or $(0.00) per common share, compared with net loss of $532 thousand or $(0.01) per common share (basic and diluted)
Optimal Geomatics, a geospatial mapping company, provides engineering and geospatial professionals with customized products designed to meet their mapping needs.
.07
Quaterra Resources (CDNX: QTA)(QMM – AMEX)
And 50% JV partner Blackberry Ventures
Expand High-Grade Silver Vein and Discover Possible New Zone of Mineralization at
assay results from 16 core holes totaling 5,388.8 meters completed during the fourth quarter of 2007 at their Nieves silver property in northern
The program was successful in extending the Concordia high-grade silver vein mineralization and intersected significant new mineralization in the adjacent Arroyo fault, which may be a new mineralized structure or host the faulted extension of the Concordia vein.
Concordia vein: The best mineralized interval is in hole
QTA-48 with 47.48 meters averaging 142 g/t silver, 0.13 g/t gold, 0.37% lead and 0.37% zinc,
including a 4.67 meter interval with 777 g/t silver (22.7 oz/ton), 0.53 g/t gold, 2.45% lead and 2.20% zinc.
QTA-53 cut the highest grade intercept with a 1.22 meter interval averaging 1.8 kg/t silver (52.6 oz/ton), 0.32 g/t gold, 2.06% lead and 0.69% zinc.
Jorge Guerrero, Quaterra’s Nieves Project Manager: “Excellent potential exists to expand the high-grade silver mineralization in the Concordia-San Gregorio vein systems close to the Arroyo fault. The intersection of the Arroyo fault and other parallel structures with the other known veins on the property present attractive untested drill-targets for both bulk-mineable and high-grade silver mineralization.”
3.62 (52-week high of 4.18)
TOUCHSTONE SOFTWARE CORP (OTCBB:TSSW)
Reports full year 2007 Revenue of $4,326,324 and Earnings Per Share Of 16 cents
revenue was $4,236,324. Up 31%
net earnings were $924,380, or $0.08 per share diluted
excludes the positive impact of a $1,000,000 reversal of the Company’s deferred tax valuation allowance.
Including this unusual item, earnings per share were $0.16 for the year ended 2007.
Financial Highlights
· TouchStone Software posted its 9th consecutive quarter of profitability
· TouchStone Software ended the quarter with cash and cash equivalents, restricted cash, and investments of $1,832,971, an increase of $723,782 from the same period in 2006 and the highest level in over 6 plus years
Total page views across the entire TouchStone Software network of websites exceeded 87 million for the three month period ending December 31, 2007 and averaged over almost 29 million per month
over 8 million unique visitors in the three months
1.10 (2.44 high 52 weeks)
END