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 April 28th 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.
Abacus Mining & Exploration Corp. (TSX VENTURE:AME)
Intersects 318 Metres (1043.3 Feet) of 0.43% Copper and 0.26 g/t Gold at Ajax
additional assay results for the Ajax East and West pit drill program.
Information from this drilling will be incorporated into the combined Ajax 43-101 resource estimation planned for completion in June 2008, which will also include drill results from the joint venture area between the pits.
“We are pleased to see assay results that fit with our overall model for the planned development of the Ajax area”, said Doug Fulcher, President and CEO. “Management continues to meet the goals that have been set for 2008 for the ongoing development of the Ajax area. We have now completed the first phase of drilling on the joint venture ground between Ajax West and Ajax East, with results to be announced shortly.”
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Orko Silver Corp. (TSX VENTURE:OK)
Hits 25.59 Metres Grading 222.3 g/t Silver-Equivalent on Martha Vein
further assay results from its on-going diamond drilling program at La Preciosa Project in Durango, Mexico.
Gary Cope, President of Orko, adds, “The Martha Vein continues to yield excellent grades across exceptionally wide intercepts. The strike length of the Martha structure is growing to the south east and current drilling is focused towards that direction. We are currently drilling holes 236-240 and we now have 85-90 holes drilled that were not in the last resource estimate. This, along with the significant intercepts from yet unnamed veins gives me cause for great optimism about the Company’s future.”
La Preciosa, located near the city of Durango, Mexico, is an advanced silver and gold project. The Company is currently drilling at La Preciosa using 4 rigs working 24 hours a day, 7 days a week. The deposit remains open in all directions and to depth.
1.69
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Mawson Resources Limited (TSX -MAW; Frankfurt – MRY)
Drills 0.23% U3O8 Over 8.5 Metres at Klappibacken, Sweden
Doubles Previously Known Thicknesses of Mineralized Zone Up To 129 Metres; and Extends Known Mineralization from Surface down to Depth of 250 Meters
results from the Company’s 21 hole, 4,836 metre winter diamond drill program
Michael Hudson President and CEO states, “These results continue to expand the mineralized body at Klappibacken and includes hole KLADD0818 which doubled the previously known thicknesses of mineralization up to 129 metres. High grade mineralization has again been discovered, including 0.23% U3O8 over 8.5 metres in drill hole KLADD0820, following on from the 12.1 metres at 0.44% U3O8 as previously reported in KLADD0807. We await the final set of results to begin calculation of an updated resource estimate. Given the positive nature of results to date, the Company will recommence drilling when summer conditions provide suitable access.”
.89 (way down)
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Gulf & Pacific Equities Corp. (TSX VENTURE:GUF)
Reports 115% Revenue Growth For 2007 Plus Funds From Operations of $0.07 Per Share
Announced a 115% increase in revenues to $4,490,005 in 2007 from $2,086,323 in 2006.
In addition, Funds From Operations (“FFO”) were $543,268 or $0.07 per share for the year ended December 31, 2007 compared to Funds Used in Operations of $198,167 or $0.03 per share in the prior year.
About Gulf & Pacific Equities Corp.
The Company acquires, manages and develops grocery-anchored shopping malls in rural centres in Western Canada, in particular Alberta. Gulf & Pacific targets smaller, but rapidly growing hub communities that have hospital, high school, police station and retail/service infrastructure. Management has consistently reinvested cash flow to improve and grow its portfolio of income properties.
Gulf & Pacific Equities Corp. currently owns five, well-located retail assets located in Three Hills, Whitecourt, St. Paul and Cold Lake Alberta, as well as in Merritt B.C.
C$ 0.415
52 Week: 0.44
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Anterra Energy TSXV Symbol: AE.A and AE.B
Announces Fourth Quarter and 2007 Year End Financial Results
HIGHLIGHTS:
– Revenue from oil and gas production increased 30.5% to $6,114,831 in
2007 compared to 2006.
At $1,838,801, revenue for the fourth quarter more than doubled over the same period last year.
–
year-over-year revenue from midstream processing increased 40.2% to $1,253,197.
Revenue of $386,701 in the fourth quarter increased by 53.1% from the fourth quarter of 2006.
“Higher oil prices and to a lesser extent production increases from Breton and Frontier, together with a stronger contribution from our processing operations, have led to a significant increase in 2007 revenues compared to 2006,” said Owen Pinnell, Chairman and CEO. “This trend is expected to continue in 2008 as we pursue our oil and gas exploration and development
projects.
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