Armistice Resources Corp. has announced the results of definition diamond drilling in the McGarry gold mine in Ontario's Kirkland Lake area. "The results of the drilling and stope definition activity in our McGarry Mine are exceeding our expectations," said Todd J. Morgan, President and CEO. "We've recorded a number of very high-grade gold intersections with visible gold common in drill core and on mine faces. This is the area where Armistice will be carrying out our initial production operations in 2012."
Gran Colombia Gold Corp. , which dropped 2 per cent yesterday, announced that it has completed a diamond drilling program consisting of 86 diamond holes totaling 32,470 metres as of Dec. 5, 2011 during the first phase of exploration drilling at the Segovia Project.
Danier Leather Inc. will host its fiscal 2012 second-quarter results conference call today at 4pm ET.
Hart Stores Inc. clarified information from its press release of Jan. 20, 2012 regarding its proposed Plan of Arrangement under the Companies' Creditors Arrangement Act (Canada), "in light of inaccurate media reports." Hart Stores' Plan of Arrangement calls for the company to make payments totaling $6-million over three years to the Monitor (RSM Richter Inc.) under the CCAA, for distribution to Hart Stores' unsecured creditors. Under the Plan of Arrangement, unsecured creditors may elect to receive their pro rata share of the $6-million, or a lump-sum payment equal to the lesser of the value of their claim or $1,000.
Calvista Gold Corporation today announced additional assay results in its newly acquired property El Carmen. The company said the Phase 1 drilling program, has been completed with a total of 9,836 meters drilled on 24 holes, which compliments the 13 holes drilled in 2010, for a total of 14,692.4 meters in 37 drill holes.
Lithium One Inc. announced today an upgraded lithium and potassium resource statement for its Sal de Vida brine project. Paul Matysek, the CEO of Lithium One, said: "We have achieved our goal of upgrading the Sal de Vida brine resource in grade and tonnage. This resource represents more than a 30 per cent increase in the estimated total contained lithium and potash, along with an increase in grade of approximately 10 per cent."
Leader Energy Services Ltd. announced today that it expects revenue for the fourth quarter ending Dec. 31, 2011 to exceed $11-million, an increase of approximately 25 per cent over the comparable quarter last year and approximately 10 per cent higher than the third quarter of 2011. The company also said its board of directors has approved an initial capital budget of $4.5-million for 2012. The majority of funds will be used to expand its deep coiled tubing and fluid pumping capacity, with deliveries expected in the second half of 2012.
Energizer Resources Inc. announced today the discovery of 2 strategic minerals, vanadium and graphite. The company said that the 2 new discoveries places it in a unique position within the industrial minerals arena: the ability to provide two strategic minerals from one source.
American Vanadium Corp. announced today the appointment of Vice Chairman, Ron MacDonald, to Executive Chairman of the Board of Directors of the company, effective immediately. The company said Mr. MacDonald will replace Brian McAlister who will continue as a member of the Company's Board of Directors.