A source of information and resource for small investors - "Patience is a Super Power" - "The Money is in the waiting"
Showing posts with label Company. Show all posts
Showing posts with label Company. Show all posts

Friday, March 23, 2012

San Gold to Release 2011 Financial and Operating Results

San Gold CorporationSan Gold Corporation

TSX : SGR
OTCQX : SGRCF

March 22, 2012 12:30 ET



WINNIPEG, MANITOBA--(Marketwire - March 22, 2012) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) senior management plans to host a conference call, March 29, 2012 at 11:00 am Eastern Time to discuss its 2011 financial results and to provide an update of the Company's operating, exploration, and development activities.

Participants may join the conference call by dialing 1 (877) 240-9772 or 1 (416) 340-8527 for participants outside of Canada and the United States. The conference call will also be available by webcast on the Company's website at www.sangold.ca.

A recorded playback of the conference call can be accessed after the event until April 13, 2012 by dialing 1 (800) 408-3053 or 1 (905) 694-9451 for calls outside Canada and the United States. The pass code for the conference call playback is 3604382. The archived audio webcast will also be available on the Company's website at www.sangold.ca.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on San Gold, please visit www.sangold.ca.

Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.

Contact Information


San Gold Corporation
George Pirie
President and CEO
1 (416) 214-0024

San Gold Corporation
Tim Friesen
Communications Director
1 (855) 585-4653
www.sangold.ca
Enhanced by Zemanta

Wednesday, January 25, 2012

Ucore Rare Metals Releases 2011 Bokan Drill Results Pending Augmented Resource Calculation

Ucore Rare Metals Inc.



HALIFAX, NOVA SCOTIA--(Marketwire - Jan. 23, 2012) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or "the Company") is pleased to announce finalized assay results from the 2011 drill program at the Bokan-Dotson Ridge rare earth element (REE) project in southeast Alaska. The 2011 drill program produced a total of 10,112 metres of core from 34 diamond drill holes. The data will be used to upgrade the status of the existing National Instrument (NI) 43-101 compliant resources from Inferred to Indicated and to increase the size of the existing mineral resources at Dotson Ridge. Together with the previous Ucore drill programs from 2007 to 2010, the Company has now completed 134 drill holes in total, comprising 19,662 meters of core at the Bokan property.

A map showing the location of the drill holes reported in this press release can be accessed on the Company's website (http://ucore.com/2011drillholes).
The following table summarizes significant intersected values from 27 out of 34 holes completed in 2011.

2011 Assay Drill Core Results

Hole
Depth
From(m)
Depth
to(m)
Width
(m)
LREO
(wt.%)
HREO
(wt.%)
TREO
(wt.%)
HREO/TREO
(%)
LM11-92 151.93 153.72 1.79 0.53 0.52 1.04 50
LM11-92 167.36 171.1 3.08 0.27 0.15 0.42 36
LM11-92 179.27 181.67 2.4 0.32 0.20 0.51 38
LM11-101 154.63 156.65 2.02 0.59 0.20 0.79 25
LM11-103 184.4 186.56 2.16 0.39 0.30 0.69 43
LM11-105 147.55 151.26 3.71 0.62 0.24 0.86 28
LM11-106 189.5 192 2.5 0.48 0.15 0.63 24
LM11-106 296.2 298.7 2.5 0.29 0.19 0.48 40
LM11-107 109.26 113.55 4.29 0.14 0.18 0.32 57
LM11-108 139.65 141.17 1.52 0.31 0.33 0.64 51
LM11-109 153.87 155.72 1.85 0.18 0.23 0.41 56
LM11-110 222.45 226.77 4.32 0.32 0.33 0.80 51
LM11-112 76.42 79.32 2.9 0.58 0.17 0.75 22
LM11-112 121.01 123.26 2.25 0.19 0.28 0.47 60
LM11-112 125.07 131 4.68 0.22 0.16 0.38 42
LM11-113 160.8 161.6 0.8 0.45 0.53 0.97 54
LM11-113 164.03 166.38 2.35 0.41 0.34 0.75 45
LM11-114 156.36 157.05 0.69 0.33 0.24 0.57 42
LM11-114 209.63 210.65 1.02 0.55 1.51 2.06 73
LM11-114 219.81 222.02 2.21 0.56 0.30 0.86 35
LM11-115 142.72 144.66 1.94 0.67 0.51 1.18 43
LM11-115 153.24 154.45 1.21 0.59 0.44 1.03 42
LM11-116 126.24 128.75 2.51 0.52 0.22 0.74 30
LM11-116 132.31 133.76 1.45 0.42 0.11 0.53 21
LM11-116 151.53 156.8 2.79 0.28 0.34 0.62 55
LM11-116 161 162.5 1.5 0.32 0.32 0.64 49
LM11-116 173.9 175.6 1.7 0.46 0.38 0.84 45
LM11-117 217.62 236.55 5.71 0.27 0.37 0.65 58
LM11-117 249.95 255.75 3.85 0.39 0.17 0.56 30
LM11-118 94.98 96.04 1.06 0.63 0.24 0.88 28
LM11-118 144.68 146.77 2.09 0.33 0.23 0.56 41
LM11-119 191.1 193.5 2.4 0.26 0.10 0.36 28
LM11-119 258.74 261.26 2.52 0.29 0.15 0.44 34
LM11-119 268.24 270.5 2.26 0.34 0.15 0.49 32
LM11-120 178 179.93 1.93 0.49 0.26 0.75 35
LM11-121 215.57 217.63 2.06 0.31 0.21 0.52 40
LM11-121 222.46 225.35 2.89 0.43 0.34 0.77 44
LM11-122 55.16 56.5 1.34 0.33 0.30 0.63 47
LM11-122 80.07 82.17 2.1 0.26 0.28 0.54 52
LM11-122 86.12 87.69 1.57 0.41 0.40 0.81 49
LM11-123 82.47 85.69 3.22 0.37 0.32 0.68 46
LM11-123 96.75 99.62 2.87 0.18 0.21 0.40 53
LM11-123 123.07 126.43 3.36 0.62 0.47 1.09 43
LM11-124 112.1 113.81 1.71 0.26 0.19 0.46 43
LM11-124 129.4 132.88 3.48 0.39 0.28 0.67 42
LM11-125 180.83 182.17 1.34 0.29 0.16 0.44 35
LM11-125 184.42 186.69 2.27 0.48 0.56 1.04 53
LM11-125 203.59 205.79 2.2 0.38 0.30 0.68 44
LM11-126 86.52 88.42 1.9 0.99 0.36 1.36 27
LM11-126 96.15 99.54 3.3 0.62 0.28 0.90 31
LM11-127 161.35 162.91 1.56 1.60 1.47 3.07 48
LM11-127 197.78 199.54 1.76 1.37 0.70 2.06 34
LM11-127 228.67 234.23 2.67 0.35 0.16 0.51 31
LM11-128 151.46 161.13 4.94 0.42 0.29 0.71 41
LM11-128 162.84 165.85 3.01 0.56 0.28 0.84 33
LM11-128 175.13 193.88 3.05 0.73 0.32 1.05 31
LM11-129 268.9 271.66 2.76 1.07 0.55 1.62 34
LM11-129 319.94 321.2 1.86 1.57 0.64 2.22 29
  • LREO = Light rare earth elements: La, Ce, Pr, Nd, and Sm as oxide
  • HREO = Heavy rare earth elements: Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb, Lu, and Y as oxide
  • TREO = Total rare earth oxides: LREO + HREO
  • Totals may not equal due to rounding
  • Major contributing rare earth oxides to LREO and TREO: La2O3, Ce2O3, Nd2O3
  • Major contributing rare earth oxides to HREO: Dy2O3, Gd2O3, Y2O3
"The completion and analysis of the 2011 drill program is another significant milestone for Ucore," said Jim McKenzie, President and CEO of the Company. "The 2011 drill program is remarkable for being the most ambitious to date, generating more linear metres of core during one season than in all of the previous drill seasons combined. The sheer size of the 2011 program clearly demonstrates that Ucore is rapidly increasing the scale and intensity of its development activities at Bokan. What's more, the rare earth grades obtained this year surpass all prior years, with several intercepts ranging from 2-3% TREO. The total core volume generated this year has been more than sufficient to upgrade the bulk of the existing resource from Inferred to Indicated under NI 43-101 guidelines, as the Company counts down to the release of a Preliminary Economic Assessment in the near future."

The 2011 exploration program confirmed the integrity and continuity of the Dotson Zone. The zone has a strike length of more than 2,000 metres, with an average width of 50 metres, and contains at least 24 high-grade mineralized veins or vein-arrays. The zone remains open both at depth and on strike. 2011 drill results show that there are multiple wide and high grade intersections within the steeper holes, indicating that the already high grade mineralization is apparently strengthening at depth. The results both reinforce and augment the historical U.S. Bureau of Mines resource estimate and geological model for the area (Warner & Barker; USBM OFR 33-89). The USBM model inferred persistent rare earth mineralization in the subject zone both along the strike and at the depth, in combination with anomalously high ratios of heavy to total rare earth elements.

In addition to standard diamond drilling, the 2011 field program included the generation of numerous bulk surface samples. These bulk samples are serving as input material for plant-scale metallurgical and innovative X-ray transmission ore sorting testwork being conducted at Hazen Research Inc. of Golden Colorado and Commodas Ultrasort of Hamburg Germany, respectively (see Ucore press release "Ucore XRT Testing Shows Prospective Doubling of Mill Feed Grade" Oct 31, 2011). The 2011 field program additionally included comprehensive environmental baseline testing, as well as desktop engineering studies, as a prelude to mine planning and development commencing in 2012. Beyond the central exploration targets at Dotson Ridge, Ucore exploration geologists conducted surface work at several Bokan-area REE occurrences in 2011, using prior USBM studies as a means of generating outbound targets.

NI 43-101 Compliance
The diamond drill core was split on site, with half the core transported by commercial carriers to the Activation Laboratories analytical facility in Stewart, B.C., Canada and analyzed at their labs in Ancaster, Ontario. Check assay samples were submitted to ALS Laboratories in Anchorage, Alaska, USA and analyzed at ALS Laboratories in Vancouver, B.C. Sample containers were sealed and chain of custody was maintained throughout the transport. The QA/QC program included the insertion of certified standards, blanks and duplicates in the submitted sample shipment; and laboratory insertion and analysis of standards and blanks, duplicates and re-splits. Analyses were made by inductively-coupled plasma mass spectrometry with lithium metaborate fusion, reporting whole rock analyses as an additional quality control measure. Reported values are length-weighted averages from multiple samples. All widths reported are core intercepts and do not reflect true width of the mineralized structure. Jim Robinson, P.Geo. (NWT), an independent geologist with Aurora Geosciences, has prepared the technical data relative to the drill assays provided herein and is the qualified person responsible for their accuracy.

Background
Ucore Rare Metals Inc. is a well-funded junior exploration company focused on establishing REE, uranium and other rare metal resources through exploration and property acquisition. With multiple projects across North America, Ucore's primary focus is the 100% owned Bokan - Dotson ridge REE property in Alaska. The Bokan - Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in expediting mine production and limiting the capital costs associated with mine construction.

The Bokan properties are located in an area reserved for sustainable resource development with an existing road network providing access to the main target areas. REE mineralization at the Bokan-Dotson ridge project occurs in a well-demarcated vein system related to a Mesozoic Bokan peralkaline granitic complex. However, a number of other occurrences of REE mineralization are also located within, or at the margins of the complex. Viewed in a geological and geophysical context, the Bokan complex is a distinctive circular structure and is highly prospective for rare earth deposits.

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Contact Information


Ucore Rare Metals Inc.
Mr. Jim McKenzie
President and Chief Executive Officer
(902) 482-5214
www.ucore.com
Enhanced by Zemanta

Thursday, December 8, 2011

New Energy Technologies Presents at 4th Annual LD MICRO Conference on December 7, 2011





COLUMBIA, MD--New Energy Technologies, Inc. (OTCQB: NENE) (PINKSHEETS: NENE)  presented yesterday  at LD MICRO's 4th Annual Conference on December 7, 2011. The conference was held at the Luxe Hotel in Los Angeles.

New Energy President and CEO, Mr. John A. Conklin, was scheduled to present on Wednesday, December 7, 2011 at 2:30 p.m. Pacific time, with one-on-one meetings held throughout the day. Management discussed New Energy's recent quarterly results, as well as the company's business plan and objectives for the remainder of 2011.

The LD MICRO Conference brings together 101 presenting companies with more than 150 institutions focused on investing in small and micro-cap companies across multiple industries.

About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor. For more information on the list of presenting companies or to register for the event, please visit www.ldmicro.com or call +1-408-457-1042.

About New Energy Technologies, Inc.
New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next generation alternative and renewable energy technologies. Among the Company's technologies under development are:
  • MotionPower™ roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles -- a patent-pending technology, the subject of 18 US and International patent applications. An estimated 250 million registered vehicles drive more than six billion miles on America's roadways, every day; and 
  •  
  • SolarWindow™ technologies which enable see-through windows to generate electricity by 'spraying' their glass surfaces with New Energy's electricity-generating coatings -- the subject of 10 patent applications. These solar coatings are less than 1/10th the thickness of 'thin' films and make use of the world's smallest functional solar cells, shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics.
Through established relationships with universities, research institutions, and commercial partners, we strive to identify technologies and business opportunities on the leading edge of renewable energy innovation. Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such costs as land and building acquisition, equipment and capital equipment purchases, and other start-up expenses. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations.
For additional information, please call Ms. Briana L. Erickson toll-free at 1-800-213-0689 or visit: www.newenergytechnologiesinc.com.
To receive future press releases via email, please visit:
http://www.newenergytechnologiesinc.com/investor_alert
To view the full HTML text of this release, please visit:
http://www.newenergytechnologiesinc.com/NENE20111130
For media inquiries please contact Jerry Schranz at jschranz@beckermanpr.com, or visit our Media Relations page for additional contact information:
http://www.newenergytechnologiesinc.com/media_relations
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although New Energy Technologies, Inc. (the "Company" or "New Energy Technologies") believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that New Energy Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information


Ms. Briana L. Erickson
New Energy Technologies, Inc.9192 Red Branch Road, Suite 110
Columbia, MD 21045
Email: Email Contact
Phone: 800-213-0689
www.newenergytechnologiesinc.com
Enhanced by Zemanta