TORONTO, ONTARIO–(Marketwire – Jan. 31, 2012) - Seafield Resources Ltd. (“Seafield” or “the Company”) (TSX VENTURE:SFF) is pleased to announce an updated National Instrument 43-101 (“NI 43-101″) compliant resource estimate for the Miraflores Deposit at the Company’s Quinchia Gold Project. Seafield’s 100%-owned, 6,757-hectare Quinchia Gold Project is located in the Department of Risaralda, Colombia. The updated resource estimate was completed by independent consultants, Scott E. Wilson Consulting Inc., and is based on 15,161 metres of drilling in 35 exploration drill holes and 236 metres of channel sampling from one crosscut tunnel (as at December 31, 2011). A 5,000-metre diamond drill program is currently underway at Miraflores to further define the mineralization of the breccia pipe structure to the south and at depth and to evaluate potential mineralization outside of the pipe to the west.
Archive for January, 2012
Seafield Increases Resource for the Miraflores Deposit Quinchia Gold Project
Intertainment and The VarietyStudio Wrap Up Coverage of the 2012 Sundance……
LOS ANGELES, CALIFORNIA and TORONTO, ONTARIO — (Marketwire) — 01/30/12 — Intertainment Media Inc. (“Intertainment” or the “Company”) (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that its subsidiary Ortsbo Inc. (“Ortsbo”), the leader in real time experiential language services, in partnership with Variety, the world’s leading publication for business entertainment news have wrapped up its coverage of the 2012 Sundance Film Festival and has produced a microsite with The VarietyStudio video interviews and Live & Global programming complete with Ortsbo’s proprietary Language Captioning System, providing real-time subtitling in the user’s selected language. The content can be found at www.liveandglobal.com/sundance and www.variety.com/festivals/sundance/.
The Variety Studio interviews, powered by Ortsbo, feature such notable entertainers as Richard Gere, Kate Bosworth, Sigourney Weaver, Paul Simon, Ice-T, Paul Giamatti, Lou Diamond Phillips, Joshua Jackson, William H. Macy, David Duchovny and many other leading celebrities. The Live & Global platform attracted an audience from around the world with a 45 minute live video discussion with the legendary Stan Lee, hosted by Ortsbo spokesman and business partner, Gene Simmons.
Variety and Ortsbo are planning to partner and present a number of key global entertainment events and conferences in 2012. Additional information will be announced as it becomes available.
Ortsbo’s new proprietary service; multi-lingual closed captioning, or Ortsbo’s Language Captioning System was initially launched at the 2012 Consumer Electronics Show in early January in partnership with Variety’s Entertainment Summit. The system allows viewers to watch video broadcasts, and also view an accompanying language real time text stream, like closed captioning found on television broadcasts, but in their personally selected choice of over 50 languages. This game-changing proprietary system, which is part of Ortsbo’s Live & Global platform, provides the ability for universal language broadcasting on a global basis, regardless of the native language of the broadcaster, potentially changing the face of ethnic, cultural, sports, entertainment, business and other forms of online, video and television live and pre-recorded broadcast programming.
Once a user reaches the web broadcast page, the Language Captioning System will default to the user’s pre-set system language. Along with video content, users can also select the language of their choice from an on-page drop down menu. The system will automatically deliver a “real time” effective stream of “closed captioning” in the user’s chosen language.
“The Sundance Film Festival was a resounding success for Ortsbo as our partnership with Variety took on a whole new level as we helped create and archive exceptional content with the Festival’s leading celebrities along with our Language Captioning System,” said David Lucatch, CEO of Intertainment Media Inc & Ortsbo Inc. “Our Live & Global event with Stan Lee and Gene Simmons was an amazing event, showcasing real-time “on the fly” closed captioning translation capabilities in over 50 languages.”
Marvel’s Avengers Assemble on Twitter – International Fans Powered by Ortsbo.com
Marvel Studios announced that they will be sponsoring a Global Twitter Chat on Tuesday, January 31, 2012 at 11 a.m. PST with cast members and the director of their highly anticipated action-adventure “Marvel’s The Avengers,” opening in theaters on May 4, 2012. The 30-minute live tweeting event features writer/director Joss Whedon and cast members Tom Hiddleston and Clark Gregg.
Fans around the world will be able to participate in the Q&A on Twitter by using the @Avengers handle and the #Avengers hashtag. Participating fans will have the opportunity to see a 10-second tease of the 30-second Super Bowl spot that will air during Super Bowl XLVI on February 5 on NBC. They will also have a chance to answer “Avengers” trivia for a chance to win “Avengers” prize packs.
International fans will be able to submit questions for the talent in their native language through a global translation tool provided by Ortsbo.com. The chat will be moderated by Marvel’s @Agent_M.
Follow @Avengers on Twitter for more details.
More on Marvel.com: http://marvel.com/news/story/18016/marvels_the_avengers_assemble_on_twitter#ixzz1krfSrapf.
As previously announced, Intertainment Media Inc. continues to initiate the process to “spin out” Ortsbo Inc. as an independent structure for listing on senior Exchanges in Canada and the United States. This transaction will be subject to all applicable board, shareholder and regulatory approvals.
To become a Facebook Fan of Ortsbo, sign up at www.facebook.com/ortsbo.
Follow Ortsbo on Twitter.
For the Company’s corporate blog, please visit www.intertainmentmedia.com/blog.
About Variety www.variety.com
Variety is the leading publication for business entertainment news, recognized and respected throughout the world of show business. The Variety Group – Daily Variety, Daily Variety Gotham, Weekly Variety and Variety.com – are all owned by Reed Business Information (RBI), the largest business publisher in the U.S. RBI is a member of the Reed Elsevier Group plc (NYSE:RUK)(NYSE:ENL).
About Ortsbo Inc. www.ortsbo.com
With over 40 Million monthly users in over 170 countries and territories, Ortsbo (www.ortsbo.com) enables real-time conversational translation in over 50 languages and seamlessly integrates with today’s most popular social media platforms.
Ortsbo’s flagship product for social media (www.ortsbo.com) supports global communications with instant translation capability, real time multi-lingual social media chat connects to PC and Mac computers, mobile browsers as well as all major chat platforms including MSN, Google, Facebook, Twitter and Yahoo! and others.
Ortsbo allows users to communicate with family, friends and colleagues around the world, providing users with the ability to break down language and cultural barriers through its easy to use, language centric interface.
Ortsbo also provides plug-in email translation capabilities for Microsoft Outlook.
Ortsbo’s Live & Global platform offers a unique solution for broadcasting events to a global audience, with video and real time, multi-lingual chat. Ortsbo currently hold the Guinness World Record for the most nationalities in an online chat.
International rock legend, accomplished global entrepreneur and one of the world’s most recognized personalities, Gene Simmons has endorsed Ortsbo.com, having signed on as a business partner and to serve as Ortsbo’s official spokesperson.
Two-time NBA MVP Steve Nash to become an official spokesperson for Ortsbo. Leading Ortsbo’s global sports fan program, Nash will present and participate in a number of online fan chats with international athletes from a number of sports disciplines.
With headquarters in Los Angeles, CA and Toronto, Canada region, with offices in New York and San Mateo, CA, Ortsbo Inc. is a subsidiary of Intertainment Media Inc. a publicly listed company on the Toronto Venture Exchange under the symbol “INT” (TSX VENTURE:INT) and traded in the US on the OTCQX under the symbol “ITMTF”. Intertainment is also traded in Europe, on the Frankfurt Exchange on the XETRA trading platform under the symbol “I4T”.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Probe Mines Announces Additional Assay Results for Its Borden Lake Gold Project
TORONTO, ONTARIO–(Marketwire – Jan. 30, 2012) – Probe Mines Limited (TSX VENTURE:PRB) (“Probe” or the “Company”) is pleased to announce that it has received further assays from its ongoing drilling program at the Company’s Borden Lake Gold Project near Chapleau, Ontario. Results for diamond drill holes BL11-115 to BL11-122 were received with intersections of up to 111 metres averaging 1.1 g/t gold (“Au”) in the infill drilling. Results are also announced for the first six exploration holes testing targets along-trend of the Borden Lake Zone in the area of the fold hinge. Holes BN11-01 to BN11-06 returned intervals of up to 13 metres averaging 0.5 g/t Au, with individual samples of up to 3.2 g/t Au.
Borden Lake Zone
Drilling results confirm the continuity of the mineralized zone within the previously announced Initial Resource Estimate and are also successfully extending the deposit to depth. Hole BL11-121 identified higher grade mineralization down to a vertical depth of approximately 306 metres, including a 50 metre-wide interval averaging 1.9 g/t Au, while hole BL11-119 identified gold mineralization down to a vertical depth of approximately 416 metres, the deepest intersection to date on the Borden Lake Zone. Hole BL11-115 was stopped while entering a higher-grade mineralized zone at approximately 400 metres depth and will have to be lengthened or re-drilled. Updated plans and sections will be available on the Company’s website at http://www.probemines.com. Highlights of the current results are presented in the following table. Drill widths represent approximate true widths for all holes:
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From To Width Au
DDH section (m) (m) (m) (g/t)
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BL11-115 700m NW 55.5 109.0 53.5 0.4
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including 93.0 105.0 12.0 1.1
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BL11-115 393.4 395.9 2.5 1.1
---------------------------------------- ------------------------------------
---------------------------------------- ------------------------------------
BL11-116 800m NW 68.0 76.0 8.0 1.0
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BL11-116 183.9 207.2 23.3 0.5
---------------------------------------- ------------------------------------
BL11-116 251.7 296.0 44.3 0.4
---------------------------------------- ------------------------------------
---------------------------------------- ------------------------------------
BL11-117 600m NW 211.6 338.0 126.4 0.4
---------------------------------------- ------------------------------------
including 237.0 252.3 15.3 0.9
---------------------------------------- ------------------------------------
also including 327.0 334.0 7.0 1.0
---------------------------------------- ------------------------------------
---------------------------------------- ------------------------------------
BL11-118 600m NW 163.0 168.0 5.0 0.4
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BL11-118 300.0 381.0 81.0 0.4
---------------------------------------- ------------------------------------
including 344.0 348.0 4.0 1.3
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also including 375.0 381.0 6.0 1.0
---------------------------------------- ------------------------------------
---------------------------------------- ------------------------------------
BL11-119 600m NW 184.0 187.0 3.0 1.5
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BL11-119 334.0 418.0 84.0 0.6
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including 337 340.2 3.2 2.9
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also including 361.0 366.0 5.0 1.5
---------------------------------------- ------------------------------------
also including 398.0 406.0 8.0 1.9
---------------------------------------- ------------------------------------
---------------------------------------- ------------------------------------
BL11-120 400m NW 213.0 263.9 50.9 0.6
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including 247.0 251.0 4.0 1.8
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---------------------------------------- ------------------------------------
BL11-121 750m SE 196.0 307.0 111.0 1.1
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including 232.0 282.0 50.0 1.9
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also including 262.0 271.0 9.0 5.6
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---------------------------------------- ------------------------------------
BL11-122 400m NW 233.1 278.0 44.9 0.4
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Drill holes BL11-115 to BL11-122 represent infill holes between previously announced sections and demonstrate the continuity of the Borden Lake Zone. Mineralization remains open in both directions along strike of the Zone and at depth. The goal of the infill program is to upgrade the classification categories of the previously announced gold Resource; expand the Resource to depth; and further delineate the “satellite zones” identified in the Resource Estimate for inclusion in a NI 43-101-compliant resource update.
Borden Lake Updated Resource Estimate
The Company is planning to commence an update of its previously reported NI 43-101-compliant Initial Resource Estimate for the Borden Lake gold deposit (see News Release dated July 23, 2011) this week. The updated resource estimate will provide a more rigorous evaluation of the gold grade distribution and focus on upgrading much of the Initial Resource Estimate classification as well as expanding the resource. The Initial Resource Estimate was calculated using holes BL11-01 to BL11-77, while the Updated Resource is expected to include up to Hole BL11-140, representing an additional 18,000 metres of drilling. Micon International Limited (“Micon”) will be responsible for preparing the updated resource estimate. It is expected that the Updated Resource Estimate, which should take approximately four to six weeks to complete, will form the basis for a NI 43-101-compliant Preliminary Economic Assessment (“PEA”) to begin soon after the Updated Resource Estimate is ready.
The Borden Lake gold resource was initially estimated by Micon along approximately 1,600 metres of strike length from surface to vertical depths of up to 340 metres. The Company reported a NI 43-101 Initial Resource Estimate for the Borden Lake gold zone, at a cut-off grade of 0.3 g/t Au, of 11,607,000 tonnes averaging 0.8 g/t gold for 305,000 ounces of gold in an Indicated Resource and an additional Inferred Resource of 169,322,000 tonnes averaging 0.69 g/t gold for 3,755,000 ounces of gold.
Borden Lake Exploration Drilling
The Company has commenced a systematic, long-term evaluation of the numerous regional targets currently identified along the 17 kilometres of strike length within its Borden Lake property. Early results are encouraging, with the similarity in lithologies, encountered to date, to those of the main Borden Lake gold zone and the presence of gold suggesting that the Borden Lake Belt has the potential to host multiple mineralized zones.
The Company currently has one drill testing geophysical targets along the projected trend of the Borden Lake Gold Zone to the northwest in the area of the fold hinge and north limb of the Borden Lake Belt. Results for the first six holes, testing two targets, have been received and indicate the presence of gold zones similar to those identified within the Borden Lake Zone. Hole BN11-04 returned a narrow zone gold, grading 1.2 g/t over 0.8 metres, while Hole BN11-06 returned a thicker zone of 13 metres averaging 0.5 g/t Au, including a 1 metre sample containing 3.2 g/t Au. Plans and sections for the current holes are provided on the Company’s website (see link above). True thicknesses have yet to be determined.
Borden Lake Exploration Drilling Highlights
---------------------------------------- ---------------
From To Width
DDH section (m) (m) (m)
---------------------------------------- ---------------
BN11-04 35.2 36 0.8 1.2
---------------------------------------- ---------------
BN11-06 108 121 13 0.5
---------------------------------------- ---------------
including 120 121 1 3.2
---------------------------------------- ---------------
Holes BN11-01 to -03 tested a strong ground geophysical target and encountered a thick zone of ultramafic rock, representing the first occurrence of this unit in the Belt. The holes were drilled at an acute angle to bedding and the target is currently being re-drilled in the opposite direction. Ultramafic rocks are frequently associated with gold mineralization in other Temiskaming-hosted deposits elsewhere in Ontario and Quebec. Their presence at Borden Lake underlines the previously unrecognized geological similarities between these gold bearing belts.
Holes BN11-04 to -06 tested a parallel zone to that tested by Holes -01 to -03 and intersected repeating sequences of amphibolites and metsedimentary gneisses similar to those observed to the south. A 13-metre wide gold zone was identified in Hole BN11-06, and was associated with an amphibolite layer.
The exploration drill program is currently on Hole BN11-17 and results will be released as they are received.
Dr. David Palmer, President of Probe, states “We are very encouraged by results from the project to date. The Borden Lake gold discovery is continuing to distinguish itself in infill and expansion drilling and has quickly grown to a stage where more rigorous evaluation is warranted, while the exploration drilling further along trend has indicated a geological setting similar to the Borden Lake gold zone with the potential to host related mineralization. Owing to this potential, the positive early results and the large number of targets that remain to be tested, we will continue to expand the exploration drilling program outside of the main zone area.”
Probe has instituted a strict quality assurance and quality control (“QA-QC”) program for the Borden Lake drill core sampling, with each fire assay furnace batch of 40 samples including two certified reference materials (standards), one blank sample and one core duplicate sample. Quality control guidelines and ongoing QAQC monitoring are being carried out by Probe personnel.
The contents of this press release have been reviewed and approved by Micon International Limited for the section announcing the commencement of the NI 43-101-compliant Updated Resource Estimate.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $33MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold resource on its Borden Lake project near Chapleau, Ontario and owns 875 claims covering approximately 14,000 hectares in the McFauld’s Lake area, including a 100% interest in the Black Creek chromite deposit. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle’s Goldex Mine near Val d’Or, Quebec, which began production in 2008, and a 45% interest in a joint venture property with Lake Shore Gold Corp, which surrounds Lake Shore’s Timmins Mine project. The Company’s shares trade on the TSX Venture Exchange under the symbol PRB.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at http://www.probemines.com.
Forward-Looking Statements
This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms s “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Shares Issued: 63,683,480
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
AGORACOM Small Cap TV – January 30th – Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s January 30th, 2012, and we’ve found 2 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Yingli Green Energy Enters Into a Supply Agreement with IBC for Supply of Up to 200 MW of PV Modules in 2012
Yingli Green Energy Holding Company Limited (NYSE: YGE – News) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic (“PV”) manufacturers, which markets its products under the brand “Yingli Solar,” today announced that it has entered into a supply agreement (the “Agreement”) with IBC SOLAR AG (“IBC”), one of the leading specialists in PV systems worldwide. Under the terms of the agreement, the Company has agreed to supply 180 MW of multi-crystalline and mono-crystalline (Panda) PV modules to IBC during the year of 2012. IBC has an option to purchase another 20 MW in 2012 under the Agreement. The modules are expected to be installed in Germany, other European countries, as well as globally.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE – News), which markets its products under the brand “Yingli Solar,” is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers. Yingli Green Energy’s manufacturing covers the entire photovoltaic value chain, from the production of polysilicon through ingot casting and wafering, to solar cell production and module assembly. Currently, Yingli Green Energy maintains a balanced vertically integrated production capacity of 1.7 GW per year.
Last Trade: 4.5452 Week: 13.59 – 2.75Market Cap: 709.17 Million
Loncor Resources Reports on Initial Bottle Roll Metallurgical Testwork Results from Makapela
Loncor Resources Inc. (the “Company” or “Loncor”) (TSX VENTURE:LN)(NYSE Amex:LON) is pleased to announce initial bottle roll metallurgical testwork results at the Company’s Makapela prospect, Ngayu Gold Project, northeastern Democratic Republic of the Congo (the “DRC”). Bottle roll is a preliminary metallurgical test to determine how much and how easily gold may be liberated from an ore using cyanide.
For this preliminary metallurgical testwork, a number of core samples were used from the previously reported Vein1, Vein 2 and Sele Sele vein intersections. For Reef 1, ten core samples from two boreholes with grades from 2.50 g/t to 59.03 g/t Au (average grade 19.6 g/t Au) were used for the testwork and for Vein 2, 15 core samples from two boreholes with grades from 1.29g/t to 76.33 g/t Au (average grade 15.24 g/t) were utilised. From the Sele Sele area, 14 core samples from one borehole grading 2.54 g/t to 18.17 g/t Au (average grade 7.30 g/t Au) were used.
About:
Loncor Resources Inc. is a Canadian gold exploration company focused on two key projects in the Democratic Republic of the Congo (“DRC”) – the Ngayu and North Kivu projects. The Company has exclusive gold rights to an area covering 4,550 km2 that covers most of the Ngayu Archaean greenstone belt in Orientale province in the northeast portion of the DRC. Loncor also owns or controls 54 exploration permits in North Kivu province, covering 17,760 square kilometres, located west of the city of Butembo. Both areas have historic gold production.
Last Trade: 1.5352 Week: 3.8172 – 1.20Market Cap: 89 Million
AGORACOM Client Feature – PFN Capital Corp. (PFN:TSX)
PACIFIC NORTH WEST CAPITAL CORP.
(PFN:TSX)
One of North America’s newest and largest primary platinum group metals deposits, located in the well established mining community of Sudbury, Ontario
- M&I resource of 733,000 oz Pd, 245,100 oz Pt, and 43,600 oz Au
- $5 million, 15,500 m Multi Phase drill program at River Valley ongoing, completion Winter 2012 —Exploration upside 9 km strike horizon open at depth, possible parallel structures
About Pacific North West Capital
- Pacific North West Capital is a mineral exploration company focused on the exploration and development of platinum group metals (PGM’s), precious and base metals
- The corporate philosophy is to be a project generator, explorer and operator with the objective to option or joint venture our mineral projects with major mining companies.
- Focus for 2012 is to advance the company’s flagship project, the River Valley deposit and maintain our aggressive search for new assets and viable exploration programs
Well Positioned For Success
- Ability to share resources, costs, and expertise as a member of the International Metals Group
- Emerging market demand and rising prices for PGM
- Extensive resource sector experience among management and Board of Directors
- Significant shareholder of Fire River Gold (TSX.V: FAU) & Next Gen Metals (TSX.V:N)
IR Hub / Corporate Profile / Discussion Forum
Pacific North West Capital belongs to the International Metals Group. Here are our other great companies.
