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 13th and we’ve found 7 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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Etruscan Resources Inc. (EET.TSX)
achieving over $750 per carat
diamond sales for the month of February by its 54% owned subsidiary Etruscan Diamonds (Pty) Limited of South Africa, have averaged in excess of $750 per carat.
These prices are well in excess of the $466 per carat value ascribed in the recently reported 43-101 compliant resource estimate for the Blue Gum Project (see Press Release February 1, 2008) and confirm the significantly higher grades and value of diamonds in the deeper gravel packages.
Production at the Tirisano Diamond Mine for the month of February was 45,649 cubic meters yielding 1,224 carats for an overall grade of 2.67 carats per hundred cubic meters. A total of 1,311 carats were placed on tender in early March and the average bid price received was US$845 per carat.
954 carats were sold for gross proceeds of US$727,000 yielding an average price of US$762 per carat.
Consistent with the objective of creating a vertically integrated company, 357 carats were withdrawn from the tender for cutting and polishing by Etruscan Diamonds’ strategic partner African Romance of Sandton,
2.55 (1.77 – 4.00)
GuestLogix Inc. (TSX-V:GXI)
secures first rail operator, to offer on-board retail services
Innovation Facilities Limited, working on behalf of Grand Central Railway Company Limited, today entered into a multi-year agreement with Canadian company GuestLogix Inc. (TSX-V:GXI), for the provision of their Mobile Virtual Store(TM) on-board technology to assist their train crews with on-board sale offers and transactions.
Grand Central Railway Company provides train service to communities across the North of
Paul Barnes – Finance Director (Innovation Facilities)
“The GuestLogix technology and platform will initially propagate our Route 26 brand and will roll out to other Group brands in time, by allowing customers to pre-book meals to be delivered at the seat as well as providing us opportunities to sell items such as gifts and attraction tickets. The Mobile Virtual Store(TM) provides the necessary tools to become smarter about our retailing options and deliver personalized service.”
Tom Douramakos, President and CEO of GuestLogix said:
“Our Mobile Virtual Store(TM) delivers the on-board service and convenience rail passengers have been waiting for. As the preferred supplier of on-board retail systems to the airline industry we are very pleased to have Grand Central usher our solution into the
rail sector, a market most believe to be much larger for on-board retail revenues.”
ABOUT
GuestLogix is a leading provider of on-board retail technology and solutions to the passenger travel industry. The world’s leading airline brands, including American Airlines, Delta Air Lines, Air
The Company completed its fiscal year ended November 30, 2007 with record revenue of $5.43 million, up 411% from $1.06 million in fiscal 2006. For fiscal 2007, recurring revenue was 87% of revenue, or approximately $4.73 million.
$1.33
Amador Gold Corp. (CDNX:AGX.V)
Intersects 45 Metres of 1.45% Combined Nickel-Copper
is pleased to announce the discovery of nickel (Ni) and copper (Cu) mineralization on its 100% owned
Three drill holes, spanning a strike length of 100 meters, all intersected nickel and copper sulphide mineralization.
The third of the 3 holes (AMDG-03) intersected 3 higher grade intersections within a 45 metre wide nickel-copper zone. The 3 intersections are 1.48% Ni and 0.9% Cu over 9.4 meters (m) from 120.6 to 130 meters, 1.15 % Ni and 1.11% Cu over 3.9m from 132.6 to 136.5m, and 0.70% Ni and 1.06% Cu over 13.6 meters from 146.4 to 160.0 meters. These 3 separate intersections occur within a 45.0 meter wide zone that averages 0.75% Cu and 0.70% Ni from 120.6 to 165.6 meters.
Management is extremely encouraged by the results. These 3 holes are the deepest holes ever drilled on the property. They demonstrate the mineralization continues to depth, spans at least 100 meters along strike, and is open along strike in both directions and to depth.
.38 (.11 – .51 52-week range)
Committee Bay Resources Ltd. (TSX VENTURE:CBR)
today announced an updated gold resource estimate for the Three Bluffs Gold Deposit at the Committee Bay Greenstone Belt Project in
The new resource estimate upgrades the 2004 resource(ii) and incorporates additional drilling conducted on the deposit in 2005 and 2007.
The new estimate for the near surface high grade Three Bluffs gold deposit utilizing a 2 g/t block cut-off is 468,400 indicated ounces (2,451,000 t @ 5.94 g/t Au) and an additional 230,900 inferred ounces (1,344,000 t @ 5.34 g/t Au).
Key Highlight Points:
– Upgrade of the Three Bluffs Gold Resource to 468,400 indicated ounces (2,451,000 t @ 5.94 g/t Au) and 230,900 inferred ounces (1,344,000 t @ 5.34 g/t Au), from previous 2004 estimate of 488,000 inferred ounces(i)
– All indicated ounces lie within 120 metres of surface: potentially amenable to open pit mining
– Addition potential remains in the Three Bluffs Area, down-dip on existing resource, along strike to the west and as subsidiary parallel zones identified in recent drilling
– Committee Bay Resources Ltd. has initiated a Scoping Study on the Three Bluffs Resource
“Overall we view the 2008 Three Bluffs gold resource upgrade as being highly successful, having achieved the objectives of upgrading the existing resource and adding new inferred ounces peripheral to the core resource,” stated Committee Bay CEO and President, John Williamson. “The drilling conducted during 2005 and 2007 has confirmed the continuity of the grades and widths of the Three Bluffs Deposit and step-out drilling has identified potential for additional high grade structures on the limbs within the Three Bluffs fold. Committee Bay Resources Ltd. will aggressively pursue the development of the Three Bluffs deposit and has initiated a Scoping Study and plans to continue to explore the deposit and surrounding potential to add quality ounces to the project.”
.325 (52-week range of .26 – .58)
Rubicon Minerals Corp (RMX.TSX : RBY.AMEX)
Discovers New High-Grade Gold Zone at
Intercepts include
283 g/t over 1.0 metre,
34.6 g/t over 2.0 metres and
36.0 g/t over 1.0 metre –
is pleased to announce that ongoing drill testing of priority targets at its 100% controlled Phoenix Gold Project, located in the heart of the prolific Red Lake gold district, has led to the discovery of a new gold zone on the property, referred to as the “F2” zone.
Discovery Hole F2-01
This drill hole intersected thick gold-bearing zones that returned up to 6.8 g/t gold over 11.0 metres (0.20 oz/ton over 36.1 feet) and also contains higher grade intervals that returned up to 34.6 g/t gold over 2.0 metres (1.01 oz/ton gold over 6.6 feet), 11.6 g/t over 2.9 metres (0.34 oz/ton gold over 9.5 feet) and 9.1 g/t gold over 3.0 metres (0.27 oz/ton gold over 9.8 feet).
A second hole, F2-02, and a third hole
“Initial results from F2 are encouraging. We have intersected a broad gold mineralizing system at modest, easily reachable depths which includes high grade gold zones in a classic
1.28 (0.75 – 3.25)
API NANOTRONICS CORP (OTCBB:APIO)
Announces Record Quarterly Orders of Over $9 Million
API Nanotronics, Corp. a leading supplier of electronic components and nanotechnology research and development to the defense and communications sectors, today announced record orders of more than $9.0 million for the third quarter ended February 29, 2008.
These orders include a record monthly total of $3.9 million in February 2008.
New orders in the quarter were strong across the company’s divisions, highlighted by over $3.0 million from National Hybrid and $1.2 million from TM Systems. In partnership with Israel’s Sital Technologies, National Hybrid introduced its new Aries line of 1553 communication products which are pick-and-place compatible with competitors’ devices and for which demand is very strong. Orders in February 2008 at National Hybrid were $1.6 million, more than the previous two months combined.
Also in the quarter, TM Systems was awarded a contract to supply two new landing navigation systems to a large
.105 (52 Week: 0.10-0.698)
JINGWEI INTL LTD (OTCBB:JNGW)
Reports Fourth Quarter and Full Year 2007 Financial Results
Please note that for the purpose of comparison, the financial results for the periods ended December 31, 2007 and 2006 are presented on a pro forma basis as if the Company had acquired its primary Chinese operating company, Jingwei Communications, at the beginning of the respective periods. The Company acquired Jingwei Communications as a variable interest entity in February of 2007.
Recent Financial Highlights Include:
FY
· Revenue in 2007 increased 77% to $24.1 million from $13.6 million in 2006
· Operating income in 2007 increased 139% to $8.9 million
· Net income in 2007 increased 122% to $8.4 million
Q4
· revenue increased 119% to $7.9 million in 2007
· operating income increased 860% to $3.2 million in 2007
· net income increased 767% to $3.2 million
one of the leading providers of data mining and customer relationship marketing services in
With a customer database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies to reach their target audience.
5.60 (52 Week: 4.50 – 9.00)
END