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Gold Canyon: 127.5m at 3.51 Grams per Tonne Gold Including 50m at 7.73 gpt

Posted by admin On January - 26 - 2012

Gold Canyon Intersects 127.5 Meters at 3.51 Grams per Tonne Gold Including 50 Meters at 7.73 Grams per Tonne Gold at its Springpole Gold Project

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 26, 2012) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) (“Gold Canyon” or “the Company”) is pleased to announce it has received assays for two holes drilled in the Portage Zone in December 2011. Hole SP11-106 intersected 127.5 meters at 3.51 grams per tonne gold (418 feet at 0.102 oz per ton gold) including 50.0 meters at 7.73 grams per tonne gold (164 feet at 0.226 oz per ton gold) and hole SP11-107 intersected 130 meters at 0.72 grams per tonne gold (426 feet at 0.021 oz per ton gold).

To view the Updated Drill Map, please visit the following link: http://media3.marketwire.com/docs/nr26ja12_GCU-Springpole_Map_8×11-JPG.jpg

To view the Section Illustrating Hole SP11-106, please visit the following link: http://media3.marketwire.com/docs/nr26ja12_GCU-Section%20illustrating%20hole%20SP11_106.jpg

  • Diamond drill hole SP11-106 was drilled on the 0+500 m section line at an azimuth of 220 degrees true north and an inclination of -45 degrees. This hole tested deeper parts of the mid section of the Portage Zone and intersected 127.5 meters at 3.51 grams per tonne gold (418 feet at 0.102 oz per ton gold) including 50.0 meters at 7.73 grams per tonne gold (164 feet at 0.226 oz per ton gold). The former intercept above represents an estimated true width of approximately 95-100 meters, and the latter, an estimated true width of approximately 37-39 meters. Although hole SP11-106 is positioned just 50 meters further northwest from hole SP11-104 (148 meters at 1.66 grams per tonne gold released December 14, 2011), its grades are significantly higher suggesting there is a higher grade chute present in this area. It should be noted that the high-grade intercept in hole SP11-106 falls approximately 170 meters beneath the area where a near-surface vertical hole, hole SP11-040 (0+450 m section), intersected high grades (100.5 meters at 7.23 grams per tonne gold released March 15, 2011). This newly recognized high grade chute remains open at depth as does the entire Portage Zone.
  • Diamond drill hole SP11-107 was drilled on the 0+850 m section line at an azimuth of 220 degrees true north and an inclination of -45 degrees. This hole tested an area where the Portage Zone appears to be plunging underneath Main Zone. This hole intersected multiple gold intervals including 130 meters at 0.72 grams per tonne gold (426 feet at 0.021 oz per ton gold). This hole provides further evidence that the Portage Zone extends under this area. Additional step-out holes are planned in 2012 to evaluate this extension.
Summary of Results from Holes SP11-106 and -107
Hole From
(meters)		 To
(meters)		 Length
(meters)		 Gold
(grams
per
tonne)		 Length
(feet)		 Gold
(oz per
ton)
SP11-106 34.0 45.0 11.0 0.60 36 0.018
198.0 215.0 17.0 0.30 56 0.009
256.0 269.0 13.0 0.77 43 0.022
344.5 472.0 127.5 3.51 418 0.102
includes 385.0 469.0 84.0 5.17 276 0.151
includes 388.0 438.0 50.0 7.73 164 0.226
SP11-107 155.0 165.0 10.0 0.71 33 0.021
191.0 234.0 43.0 0.81 141 0.024
247.0 377.0 130.0 0.72 426 0.021
includes 305.0 335.0 30.0 1.57 98 0.046
includes 319.0 322.0 3.0 7.48 10 0.218
Weighted averages were used to calculate all reported intervals
Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton gold) lower cutoff
Internal dilution within reported intervals does not exceed core lengths of 8 meters.
1 troy oz = 31.103 grams
Conversion factor ‐ grams per tonne to troy oz per short ton; g/t divided by 34.2857 or g/t multiplied by 0.0292
1 meter = 3.28 feet

Core was logged then split using diamond saws with one half sent for analyses and the other half stored for future reference. Quality control programs include the use of field and laboratory duplicates, standards, blanks, and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold and silver assays were completed by SGS Canada Inc. in Red Lake and Toronto, Ontario using a 30 gram charge, fire assay, with an ICP finish. For over limit assay results, initial assays in excess of 10.0 grams per tonne Au, a gravimetric finish is utilized.

Update on Resource Estimate

Gold Canyon has recently been advised by the Company’s independent resource estimate consultant, retained to provide an updated National Instrument (NI) 43-101 compliant resource estimate for the Springpole Gold Project, that delivery of the updated resource estimate will be delayed.

Due to this unexpected delay, sufficient time is available to incorporate assays from the two new holes described above into the database used for the upcoming resource estimate.

2012 Winter Diamond Drill Program Commences

Drilling resumed at Springpole on January 20, 2012. Two rigs are currently drilling holes testing deeper parts of the Portage Zone from the northeast shore of Portage Bay. Additional drill rigs will begin drilling from ice once sufficient ice thickness has been built up over the target area. Unseasonably warm conditions earlier this winter have made ice build-up slower than anticipated.

Gold Canyon has 50,000 meters of infill and exploration diamond drilling planned at Springpole in 2012. Approximately 80% of this drilling will be directed at infill and step-out holes in and around the Portage Zone with the goal of continuing to build resource. Additional drilling will test new targets identified by recent geophysical surveys conducted on the property. In particular, a Z-TEM survey, conducted in October 2011, has highlighted several new targets displaying characteristics similar to those observed at the Portage Zone.

About Springpole

Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. The Portage zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that host gold mineralization. Other zones, including the East Extension and Main, consist of high-grade veins and pods hosted in diatreme breccias composed of intrusive and country rock fragments. These breccias surround the northwest and northern margins of the Portage Zone. The known mineralized zones underlie a total known area of about 4 square kilometers representing only about 15 percent of the greater alkaline intrusive complex which remains yet to be explored.

Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the Qualified Persons pursuant to National Instrument 43-101 responsible for, and have reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth Sciences, Inc. and Senior Exploration Geologist at Springpole.

About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold – Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. pursuant to an option and joint venture agreement entered into in December 2005 – all in the Red Lake Mining District of Ontario, Canada.

Through its wholly owned U.S. subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A.

Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

Additional information can be found on the Company’s website: www.goldcanyon.ca.

Akiko Levinson, President & Director

This news release contains statements that constitute “forward looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 or “forward looking information” within the meaning of applicable Canadian provincial securities legislation (collectively, “forward-looking statements”). Forward-looking statements often, but not always, are identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “targeting” and “intend” and statements that an event or result “may”, “will”, “would”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking statements in this news release include statements regarding the timing and nature of permitting studies, the timing and nature of infrastructure developments and construction, projections of future optimization, production timeline targets, the timing of negotiations with third parties, and the timing and nature of future exploration programs which are dependent on projections which may change as drilling continues, or if unexpected ground conditions are encountered. In addition, areas of exploration potential are identified which will require substantial drilling to determine whether or not they contain similar mineralization to areas which have been explored in more detail. The description of the extent of mineralized zones is not intended to imply that any economically mineable estimate of reserves or resources exists on any of Gold Canyon’s projects.

The forward-looking statements that are contained in this news release are based on various assumptions and estimates by Gold Canyon and involve a number of risks and uncertainties. As a consequence, actual results might differ materially from results forecast or suggested in these forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Gold Canyon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause the actual results to differ include; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; uncertainties concerning resource estimates; results of exploration, availability of capital and financing on acceptable terms, inability to obtain required regulatory approvals, unanticipated difficulties or costs in any rehabilitation which may be necessary, market conditions and general business, economic, competitive, political and social conditions. These statements are based on a number of assumptions, including assumptions regarding general market conditions, timing and receipt of regulatory approvals, the ability of Gold Canyon and other relevant parties to satisfy regulatory requirements, the availability of financing for proposed transactions and programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner. Although Gold Canyon has attempted to identify important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there may be other factors which cause actual results to differ. Forward-looking statements contained herein are made as of the date of this news release and Gold Canyon disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the 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 news release.

Gold Canyon Resources Inc.
Akiko Levinson
President & Director
(604) 682-3234 or Toll free: 1 (888) 242-3234
(604) 682-0537 (FAX)
info@goldcanyon.ca
www.goldcanyon.ca

Investor Relations:
Leo Karabelas

Micro Cap Headlines

Additional Reef Gold Project Drill Results; 2012 Winter Drill Program Underway

Posted by admin On January - 26 - 2012

Aquila Reports Additional Reef Gold Project Drill Results; 2012 Winter Drill Program Underway

AQA.TO 0.52 0.00

TORONTO, ONTARIO–(Marketwire – Jan. 26, 2012) – Aquila Resources Inc. (TSX:AQA.TO – News)(OTCQX:AQARF.PK – News)(FRANKFURT:JM4A.F – News) (“Aquila” or the “Company) is pleased to report results from the last 12 holes of the recently completed 2011 drill program at its 100% owned Reef Gold project in Marathon County, Wisconsin. In total the Company completed 24 diamond core drill holes totaling 2,000+ meters along two profiles. Reef is part of the Company’s overall strategy to develop significant new gold resources in the Great Lakes region.

The drill campaign at Reef focused on testing extensions of near surface gold mineralization south of the previously identified zones drilled by Noranda Exploration in the 1970’s (see press release dated March 7, 2011). The project hosts a historic resource estimate (non 43-101 compliant) of 454,000 tonnes grading 10.6 g/t gold.


Highlighted results include:                                                

--  2.10 meters of 8.43 g/t gold and 0.23% copper in R11-15 --  9.90 meters of 2.53 g/t gold and 0.20% copper in R11-17     --  Including 3.90 meters of 5.07 g/t Gold and 0.27% copper --  14.54 meters of 3.23 g/t gold in R11-23     --  Including 3.50 meters of 13.05 g/t gold

“The focus at Reef for 2012 is to work towards establishing a significant open pit gold resource,” said President and CEO, Thomas Quigley. “Building on the positive results reported in September as well as from historical drilling by Noranda, we continue to be encouraged by the potential at Reef, which is becoming a significant component of our strategy to generate gold resources in the Great Lakes region.”

The Company has commenced additional drilling at Reef with a focus on expanding recently defined mineralization and extending the continuity of new and historical data. The Company anticipates reporting the first independent NI 43-101-compliant resource estimate on the project by the end of 2012.

Results from the last 12 holes are presented in the table below:


----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-13                 4.27     6.00           1.73     0.58     0.30   0.01----------------------------------------------------------------------------                      39.32    43.05           3.73     0.56     6.70   0.47----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-14                 0.00     1.50           1.50     1.08     0.18   0.01----------------------------------------------------------------------------                      33.90    37.35           3.45     1.20     0.30   0.07----------------------------------------------------------------------------        including     34.90    36.00           1.10     3.70     0.90   0.06----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-15                26.70    31.55           4.85     3.90     2.60   0.15----------------------------------------------------------------------------        including     27.20    29.30           2.10     8.43     4.35   0.23----------------------------------------------------------------------------                      54.00    61.00           7.00     0.55     1.45   0.13----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-16  No significant values                                               DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-17                35.10    45.00           9.90     2.53     3.28   0.20----------------------------------------------------------------------------        including     35.10    39.00           3.90     5.07     5.26   0.27----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-18                85.00    87.35           2.35     1.08     1.96   0.21----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-19  No significant values                                               ----------------------------------------------------------------------------R11-20  No significant values                                               ----------------------------------------------------------------------------R11-21  No significant values                                               DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-22                 0.00     2.35           2.35     1.31     0.05   0.00----------------------------------------------------------------------------                      22.05    50.00          27.95     0.48     1.09   0.12----------------------------------------------------------------------------        including     22.05    23.80           1.75     4.96     1.90   0.18----------------------------------------------------------------------------                      78.75    85.00           6.25     1.40     0.61   0.09----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-23                83.00    97.54          14.54     3.23     0.31   0.05----------------------------------------------------------------------------        including     85.50    89.00           3.50    13.05     0.37   0.09----------------------------------------------------------------------------DDH                From (m)   To (m)   Interval (m)   Au g/t   Ag g/t   Cu %----------------------------------------------------------------------------R11-24                59.00    76.77          17.77     1.33     7.17   0.27----------------------------------------------------------------------------        including     69.50    76.77           7.27     2.95    16.85   0.60----------------------------------------------------------------------------

----------------------------------------------------------------------------(i) Reported intervals are drill thickness and do not necessarily represent     true thickness

New maps and cross sections have been posted on the Reef Project section of our website.

About The Reef Gold Project

Located in Marathon County, Wisconsin, the Reef Gold Project is 100% owned by Aquila Resources. The Project consists of approximately 600+ acres of mineral and surface interests covering an area of gold mineralization discovered in the 1970’s by Noranda Exploration. Noranda identified eight zones of high grade gold mineralization in a widely spaced, 50-hole drilling campaign, and quoted a non 43-101 compliant resource of 454,600 tonnes of 10.6 grams per ton (g/t) gold, open at depth and along strike. The focus of the Company will be on defining a larger, potentially open-pit and bulk tonnage gold resource at the project.

Drilling by Noranda encountered mineralized quartz stockwork/breccia zones ranging from approximately 1 to 12 meters thick. Aquila believes the mineral resource estimate is relevant and is based on a reliable historical report. The Company has acquired and verified Reef drill core for geological characteristics and gold content. For more information on the Reef Project, please refer to the Reef Project section on our website.

About Aquila Resources Inc.

Aquila Resources Inc. (TSX:AQA.TO – News)(OTCQX:AQARF.PK – News)(FRANKFURT:JM4A.F – News) is a mineral exploration Company focused on the discovery and development of high-grade base and precious metal projects in highly prospective regions of North America. The Company is rapidly expanding its presence and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc. (TSX:HBM.TO – News)(NYSE:HBM.TO – News). The Company has also positioned itself for future growth by acquiring new base metal deposits under an Exploration Alliance with HudBay as well as through the acquisition of 100% owned precious metal exploration properties. Leading the way is an experienced management and technical team that have identified significant high-grade base and precious metal properties. For more information, please visit www.AquilaResources.com.

Quality Assurance and Quality Control

The core was logged and intersections were marked for sampling and assaying by geologists and geo-technicians employed by Aquila Resources. Each bagged core sample was transported to Minerals Processing Corporation’s (a related party to the Company) sample prep lab in Carney, Michigan where it was dried, crushed and pulverized and a 250-gram sample was prepared and split, with one split for assaying at Inspectorate Labs in Sparks, Nevada. Strict sampling and QA/QC protocol are followed, including the insertion of standards and blanks in the sample stream on a regular basis. Sample intervals are typically 1.5 meters. Analytical method for gold is fire assay with atomic adsorption finish and gravimetric finish for samples greater than 3.0 g/t gold. All other elements are analyzed by ICP with silver over limits (greater than 200 g/t) analyzed by fire assay/gravimetric finish and base metal over limits analyzed by AAS.

Assaying integrity is monitored internally with a quality control program, which includes the use of assay sample standards, blanks, duplicates and repeats, and externally through national and international programs. This news release provides core lengths and estimates of vertical thickness only. True widths are not provided. Where metal assays are provided for intersections they are either a single assay of a sample of the entire intersection length or a composite of assays calculated from interval weighted assays over the intersection length.

Thomas O. Quigley is the Qualified Person for Aquila Resources as described in National Instrument 43-101 and is responsible for the contents of this release.

This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labor disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Shares Outstanding: 90,739,168

The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.

Contacts

Robin Dunbar
Aquila Resources Inc. (Toronto)
CFO
416-203-1404
rdunbar@aquilaresources.com

Thomas O. Quigley
Aquila Resources Inc. (U.S.)
President
906-352-4024
tquigley@aquilaresources.com
www.AquilaResources.com

Micro Cap Headlines

WiLAN’s Patent Suit against RIM getting more "Treble Damages" news exposure..

Posted by admin On January - 23 - 2012

Patent firm Wi-LAN sues Research In Motion

Ottawa— The Canadian Press…Published: Monday, Jan. 23, 2012 11:18AM EST
Last updated:..Monday, Jan. 23, 2012 11:37AM EST

Ottawa-based Wi-LAN Inc. (WIN-T) has launched a patent suit against Research In Motion Ltd. (RIM-T), adding to the challenges facing the troubled BlackBerry maker.

The suit, filed in a U.S. district court in Florida, claims that the BlackBerry maker is infringing on two patents belonging to Wi-LAN — U.S. Patent No. 5,515,369 and U.S. Patent No. 6,232,969.

The “369” patent relates to the way BlackBerry smartphones and the PlayBook tablet use Bluetooth, a means of short-distance data transmission between devices. Wi-LAN says about 60 models of RIM devices infringe on that patent.

The “969” patent relates to the “sym” key on several of the more recent families of BlackBerry smartphones, including the Bold, Torch, Curve and Pearl.

The claim against RIM says Wi-LAN has been “irreparably harmed and monetarily harmed” but doesn’t provide a financial amount. It does say that, if the claim is upheld, RIM should pay triple the damages if it’s found to have willfully infringed on the patent.

Wi-LAN’s suit also asserts RIM should have known that it was infringing on the Bluetooth patent since it is the subject of litigation between the Ottawa-based patent house and one of RIM’s suppliers — Texas Instruments.

Patents can be incredibly valuable because they provide the legal right to use certain unique technology.

Wi-LAN specializes in licensing out rights to the patents in its portfolio and has a record of exacting multi-year licence agreements with companies after fighting successful legal battles that sometimes take years to resolve.

A spokeswoman for Wi-LAN said Monday the patent suit against Research In Motion was part of a normal course of business and unrelated to the weekend announcement that RIM’s co-CEOs were stepping aside.

Wi-LAN doesn’t comment on the cases when they’re before the courts, she said.

The suit, which filed late Friday in the U.S. district court for the Southern District of Florida and announced Monday, is the latest challenge for RIM, which is in the midst of a major shakeup of its senior management.

RIM has a new chief executive officer, who will replace Mike Lazaridis and Jim Balsillie.

They are being replaced by Thorsten Heins, a little-known RIM executive who has the job of trying to pull Research in Motion out of a big slump.

http://www.theglobeandmail.com/news/technology/business-technology/patent-firm-wi-lan-sues-research-in-motion/article2311578/

Technology and Medical

AGORACOM Small Cap TV – January 23rd – Highlights

Posted by admin On January - 23 - 2012

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 23rd, 2012, and we’ve found 4 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.

Mistangologo_copy

Mistango Drills 24 Meters of 2.66g/t Gold in Open Pit Area

Drilling Highlights

Open pit area

OM-11-632.66 g/t gold over 24 metres(including 13.44 g/t over 4 metres)

Om-11-57this hole includes a wide zone of gold mineralization within an envelope of 32 metres but includes three void stopes within the area of an open pit (composites in table below).

Mistango River Resources Inc.-Omega Property-2011 Diamond Drilling-Significant Composites

Table No. 1b (Jan.20, 2012)

Hole #

Section

From

To

Interval

Au g/t

Zone

Remarks

OM-11-54

850W

34.0

41.0

8.0

3.115

1-2

Open Pit

including

34.0

37.0

3.0

3.853

including

35.0

37.0

3.0

4.123

and

55.0

59.0

4.0

5.488

OM-11-55

850W

146.0

149.0

3.0

1.160

and

161.0

162.5

1.5

0.977

171.0

179.0

8.0

1.348

1-2

Open Pit

including

174.0

179.0

5.0

1.684

OM-11-56

500W

173.0

174.0

1.0

1.65

OM-11-57

600W

80.0

91.5

11.5

0.344

1-2

Open Pit

91.5

93.6

2.1

Stope void

and

93.60

98.70

5.1

6.015

98.7

100.0

1.3

Stope void

and

100.00

105.7

5.7

1.466

105.7

108.0

3.3

Stope void

and

108.00

111.00

3.0

5.780

OM-11-58

550W

108.0

112.0

4.0

3.59

VG at 109

and

121.0

122.0

1.0

2.37

OM-11-59

500W

102.0

104.0

2.0

1.66

OM-11-60

400W

140.0

142.0

2.0

1.525

deep hole

and

479.0

481.0

2.0

2.01

and

610.0

613.0

3.0

4.227

OM-11-61

450W

36.0

37.0

1.0

1.75

OM-11-62

550W

5.0

10.0

5.0

2.494

VG at150-152 and 154.5m

25.0

29.0

4.0

0.968

and

43.0

44.0

1.0

1.37

and

100.0

101.0

1.0

2.780

and

150.0

161.0

11.0

2.601

1-2

Open Pit

including

150.0

155.0

5.0

3.382

including

155.0

158.0

3.0

3.780

OM-11-63

550W

11.0

15.0

4.0

1.720

and

26.0

50.0

24.0

2.66

1-2

Open Pit

including

26.0

30.0

4.0

13.44

including

27.0

28.0

1.0

31.20

including

28.0

29.0

1.0

19.95

*OM-11-64

600W

506.0

512.0

6.0

0.922

Deep hole

and

540.0

542.0

2.0

9.98

including

540.0

541.0

1.0

19.47

and

554.0

557.0

3.0

3.397

and

611.0

630.0

19.0

1.220

includes

611.0

614.0

4.0

2.318

and

624.0

626.0

2.0

1.285

1-2

and

649.0

650.0

1.0

1.200

1-2

Faulted extension

and

644.0

646.0

2.0

1.730

1-2

and

697.0

709.0

12.0

1.845

1-2

including

702.0

709.0

7.0

2.354

1-2

including

702.0

706.0

4.0

2.778

including

702.0

704.0

2.0

3.260

OM-11-65

550W

34.0

35.0

1.0

2.16

75.0

91.0

16.0

1.036

1-2

Open Pit

including

83.0

88.6

5.6

2.188

OM-11-66

500W

Assays pending

OM-12-67

650W

Assays pending

OM-12-68

450W

Assays pending

OM-12-69

650W

Assays pending

*previously reported: all holes are uncut and over core length; core length is estimated 50-90% of true width; 1 g/t Au multiplied by 0.0291666 equals troy ounces per short ton (to convert from metres to feet multiply by 3.2808). VG: visible gold

About

Mistango is a Canadian based exploration and development company focussing on its Omega Mine project, with other properties in Ontario and Quebec.For additional information about Mistango and its mining properties, please visit Mistango’s web site www.mistangoriverresources.ca

Mistango is a client of AGORACOM. Click here to visit the HUB

Oremexgold-hub

Oremex Gold Obtains Surface Access Rights Agreement for Santa Catarina Gold Project

Oremex Gold Inc. (“Oremex Gold” or the “Company”) (TSX VENTURE:OAU)(FRANKFURT:OM8) is pleased to report that its wholly owned subsidiary, Minera Tres Diamantes, S.A. de C.V., recently negotiated and signed a surface access rights agreement (the “Agreement”) covering most of two (2) mining concessions totaling 129 hectares with Ejido Santa Catarina. The Agreement has a thirty (30) year duration with ab

The Agreement allows Oremex Gold to conduct any exploration and mining activities on the surface area covered by the Agreement during its term. Currently, the Company is securing drill permits required prior to commencement of the first phase of drilling.

Santa Catarina is located in the prolific Sierra Rosario gold belt. The 142 hectares property covers a zone of oxidized massive sulphide mineralization exposed in historical workings over approximately a 40 meter by 50 meter area. Highlights of chip sampling carried along pit walls include: 20 meters averaging 3.1 g/t gold and 2.1 meters at 20.6 g/t gold. A ground geophysical survey is anticipated to be carried out in Q1, 2012 and initial drill testing to delineate the extent of the mineralization at depth is planned for Q2, 2012.

About Oremex Gold Inc.

Oremex Gold Inc. is a Canadian gold exploration and development company created from the spin-out of gold assets owned by Oremex Silver Inc. (previously Oremex Resources Inc.) in 2011. The Company has a portfolio of gold properties in prolific mining regions of Mexico. Its two main projects are Santa Catarina, located in prolific Sierra Rosario gold belt and San Lucas, in Durango state.

Click here to visit the Oremex Gold HUB

Douglas Lake Intercepts 4.4 Grams per Tonne Gold Over 12 Meters and 4.2 Grams per Tonne Gold Over 5 Meters at Handeni Targets

Douglas Lake Minerals Inc. (the “Company” or “Douglas Lake”) (OTCBB:DLKM) is pleased to announce the initial drill results and assay values for their Magambazi East and Kwandege projects on their 800 km2 Handeni property in the United Republic of Tanzania.

Highlights:

MAGAMBAZI – Elevated gold values were intersected in 8 out of the 10 holes drilled with values in MZD_01 of 4.2g/t over 5 meters, MZD_04 with 10.8g/t over 1 meter, MZD_06 with 2.62g/t over 1 meter and MZD_10 with 1.60 g/t over 1 meter representing the best intersections. The highest sample value encountered was 24.7 g/t over 0.5 meters in MZD_01.

KWANDEGE – Elevated gold values, greater than 0.5 g/t over a minimum interval of 0.5 meters, were encountered in all eleven holes on the Kwandege prospect for which gold assay data is available to date. The best intersections were KW2_01 with 4.40 g/t over 12 meters, including 29.5 g/t over 1 meter, as well as 3.54 g/t over 1 meter, KW1_05 with 3.68 g/t over 1 meter and 1 g/t over 4.7 meters, including 3.2 g/t over 1 meter, KW2_02 with 2.10 g/t over 1 meter, KW2_04 with 3.19 g/t over 1 meter, and KW4_01 with 1.46 g/t over 1 meter.

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.

Last Trade: 0.10 52 Week: 0.80 – 0.08 Markt Cap: 30.74 Million

Paramount Gold and Silver Reports Significant Intercepts in 10 New Drill Holes on Its San Miguel Deposit Including 13.45 Meters Grading 2.61 G/T Au and 513.8 G/T Ag

Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) (“Paramount”) today reported high-grade gold and silver values from 10 additional core holes drilled on the San Miguel Vein deposit at its 100%-owned San Miguel Project in Mexico. All 10 holes drilled in late 2011 on the San Miguel Vein deposit returned multiple intercepts of significant gold and silver mineralization including 5.1 meters grading 6.58 grams per tonne of gold and 1,285.9 grams per tonne of silver.

—————————————————————————-

Hole # Area Total Length From (m) To (m) Width (m) Au g/T Ag g/T

(m)

—————————————————————————-

SM-11-090 SAN MIGUEL 419.85 203.05 203.55 0.50 1.08 118.00

—————————————————————————-

SM-11-091 SAN MIGUEL 344.20 240.95 243.65 2.70 0.63 17.61

—————————————————————————-

SM-11-092 SAN MIGUEL 191.70 128.00 131.10 3.10 0.26 5.22

—————————————————————————-

SM-11-093 SAN MIGUEL 237.35 148.05 154.80 6.75 1.68 24.07

—————————————————————————-

SM-11-094 SAN MIGUEL 260.00 130.20 130.90 0.70 0.98 801.00

—————————————————————————-

SM-11-095 SAN MIGUEL 234.65 106.55 121.90 15.35 0.20 338.75

—————————————————————————-

SM-11-096 SAN MIGUEL 240.75 124.25 129.25 5.00 0.08 36.28

—————————————————————————-

SM-11-097 SAN MIGUEL 271.25 121.80 125.25 3.45 0.14 245.51

—————————————————————————-

SM-11-098 SAN MIGUEL 232.70 187.30 200.75 13.45 2.61 513.84

—————————————————————————-

SM-11-099 SAN MIGUEL 359.75 213.30 215.55 1.95 1.27 58.90

—————————————————————————-

About Paramount Gold

Paramount Gold is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded exploration programs are now in progress at these two core projects which are expected to generate substantial additional value for our shareholders. Engineering studies are scheduled for completion in 2012 to define a development path and economic valuation for each project.

Last Trade: 2.29 52 Week: 4.52 – 2.00 Market Cap: 313.47 Million

Micro Cap Headlines

INT: NY, NEW YORK AND LA, CA AND SAN MATEO, CALIFORNIA AND TORONTO

Posted by admin On January - 19 - 2012

NEW YORK, NEW YORK AND LOS ANGELES, CALIFORNIA AND SAN MATEO, CALIFORNIA AND TORONTO, ONTARIO, Jan 19, 2012 (MARKETWIRE via COMTEX) — Intertainment Media Inc. (“Intertainment” or the “Company”) (tsx venture:INT)(otcqx:ITMTF)(frankfurt:I4T) announces that its social media, real time, experiential communications platform, Ortsbo.com is teaming up with two of pop culture’s legendary names Stan Lee and Gene Simmons for “Ortsbo Live and Global at the Sundance Film Festival”. The event will be live to audiences worldwide on Tuesday, January 24, 2012 from the Canyons Grand Summit Resort in Park City, Utah. For people wanting to watch or join the conversation they can do so via www.Ortsbo.com , details below.

Tuesday, January 24, 2012

12:45 p.m. MT (2:45 p.m. EST)(7:45 p.m. GMT)(8:45 p.m. CET)

Log on to
www.ortsbo.com

As part of Ortsbo’s new platform viewers can watch the Q and A live via an online broadcast video stream with multi-lingual closed captioning in the broadcast language of their choice. Fans and media alike can be a part of this worldwide event by logging on at Ortsbo.com and submitting questions to Lee and Simmons. Available in more than 50 languages, the live Q and A will be instantly translated by the Ortsbo service, to enable users from around the world to send and receive messages in their native language.

“I’m delighted to know that people around the world will be able to participate in this live discussion in their native language,” said Stan Lee, Chief Creative Officer and Chairman of POW! Entertainment. “Comics have been translated into numerous other languages and it will be great to communicate with those readers directly. I haven’t ever been a part of something quite like this before, it’s going to be sensational!”

“Stan Lee is one of today’s most iconic creators, the characters and comic books he has been involved with are known around the world and have had a huge impact on society, he will make a perfect guest for our global event,” said Simmons. “Ortsbo is amazing technology, it breaks down the language barriers and allows us to chat with our families, business contacts and anyone we need to around the world without delay.”

“We’re excited to host this event from Sundance Film Festival, it provides even further proof of concept of the Live and Global platform,” said David Lucatch, CEO of Ortsbo Inc. “We are thrilled to have this powerful combination of Gene Simmons and Stan Lee and certain that it will be a spectacular event.”

Lee and Simmons will be on hand to tell stories, take questions from fans and discuss Lee’s documentary, “With Great Power: The Stan Lee Story,” which will premiere during the festival. The documentary uncovers Lee’s journey from the early days of his Depression-era upbringing through the Marvel Age of Comics to his current company POW! Entertainment. The story is told through the words of Lee himself, accompanied by numerous interviews with comic book creators, actors, film producers, family and friends.

Simmons is fluent in five languages, including English, Hebrew, Hungarian and German, some Japanese, and he’s working to add Mandarin to his repertoire. The global entertainer and entrepreneur has lent his legendary personality to help spread the word about Ortsbo’s unique translator experience.

Ortsbo has 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. Last week at the Consumer Electronics Show in Las Vegas, NV Ortsbo successful premiered the Language Captioning System, which 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.

About Stan Lee

Stan Lee, Founder of the Company, Chairman of the Board of Directors and Chief Creative Officer Stan Lee is the Founder of POW! Entertainment and has served as its Chairman and Chief Creative Officer since inception. Known to millions as the man whose Super Heroes propelled Marvel to its preeminent position in the comic book industry, Stan Lee’s co-creations include Spider-Man(TM), The Incredible Hulk(TM), X-Men(TM), The Fantastic Four(TM), Iron Man(TM), Daredevil(TM), Silver Surfer(TM) and Dr. Strange(TM). Now the Chairman Emeritus of Marvel Media, Lee first became publisher of Marvel Comics in 1972. He is recognized as the creative force that brought Marvel to the forefront of the comic publishing industry. In 1977, he introduced Spider-Man as a syndicated newspaper strip that became the most successful of all syndicated adventure strips and now appears in more than 500 newspapers worldwide — making it the longest-running of all Super Hero strips. From June 2001 until the formal creation of POW in November 2001 Stan Lee worked to form POW and to create intellectual property for POW and start the development of various POW projects.

About POW! Entertainment

POW! Entertainment, Inc., a multi-media and entertainment company, was founded by noted comic book and entertainment figure Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW! is capitalizing on this combined expertise to create and develop both the legacy and digital media components of the entertainment industry. This includes animation and live-action feature films, plus television, DVDs, multi-media, merchandising and related ancillary markets. POW! has established partnerships across the entertainment industry, including studios and networks, for the creation, licensing and distribution of new POW! character franchises. For further information visit www.powentertainment.com .

About Gene Simmons

Rock legend, TV star, multi-hyphenate entrepreneur, writer, lecturer, and guest of financial and news programs, Gene Simmons is one of the world’s most recognized personalities. With millions of fans on Twitter and Facebook and fluent in five languages, Simmons is the personification of today’s globally connected citizen. Simmons co-founded the legendary KISS over 38 years ago. The band has sold over 100 million CDs and DVDs worldwide, and continues to sell out stadiums and arenas around the world, breaking box-office records set by Elvis and the Beatles, and boasting over 3,000 licensed/merchandise items. In addition to performing, Simmons has his own record company, and is known internationally as the star the longest running celebrity reality show of all time, A&E’s Gene Simmons’ Family Jewels. In addition to his work on television and movies, Simmons is a Co-Founding Partner in Cool Springs Life.com, a venture that provides estate planning for high net worth individuals exceeding $20 Million. His book imprint, Simmons/Phoenix books, published his NY Times Best Seller, SEX MONEY KISS, the LA Times Best Seller, LADIES OF THE NIGHT and the upcoming new book, GENE SIMMONS ART OF WAR. Simmons tours internationally on the lecture circuit. For more information visit www.genesimmons.com .

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” (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”.

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