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4:05 PM
EST -
: AeroMechanical Services, Ltd.: has been selected and awarded a subcontract as a member of the CEDAR (Critical Event Detection And Reporting) consortium to support the OPTIMI (Oceanic Position Tracking Improvement & Monitoring) program. OPTIMI is one program being implemented by the SESAR (Single European Sky ATM Research) Joint Undertaking aimed at improving air traffic capacity and efficiency and reducing fuel burn and emissions in all European airspace. AMA's role as the sole consortium member providing data linking services will be to provide data and analysis related to AMA's patented afirs technology to provide continuous reporting of aircraft position and streaming of flight data recorder ("black box") data to the ground over the Iridium satellite system. An in-service evaluation of AMA's afirs FLYHTstream(TM) system, which is already deployed with AMA customers, is under consideration by the CEDAR consortium as part of the OPTIMI program.
Companies mentioned in this penny stock in play include: AeroMechanical Services, Ltd. (V.AMA) is trading up $0.07 at $0.54.
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4:03 PM
EST -
: Appleton Exploration Inc.: announced that drilling in the area of high grade gold mineralization in the Dialafara southern segment has discovered a zone of continuous gold mineralization with drill hole MDL09-073 intersecting 25 metres of 6.27 grams per metric tonne (g/t) gold at a vertical depth of 88 metres. Check screen metallic assays of the same interval returned 25 metres of 4.56 g/t Au. MDL09-073 was drilled on the same drill section line below three other holes. MDL07-001 and MDL07-002, drilled in 2007, returned 9.57 g/t Au across 9.0 metres and 29.07 g/t Au across 6.0 metres, respectively, and MDL09-072 returned 0.44 g/t Au across 13 metres. The four intercepts align and form a moderately dipping zone of continuous gold mineralization. The drill results suggest the gold zone is thickening with depth.
Companies mentioned in this penny stock in play include: Appleton Exploration Inc. (V.AEX) is trading down $0.085 at $0.21.
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11:05 AM
EST -
: First Gold Exploration Inc.: reported the best drill results to date on its Lac Pivert/Rose property. Hole LR-09-07 returned grades of 1.50% Lithium Oxide (Li2O), 2,755 grams per ton (g/t) Rubidium (Rb), 290 parts per million (ppm) Tantalum Oxide (Ta2O5) and 155 g/t Beryllium (Be) over 13.40 metres, and Hole LR-09-09 returned grades of 1.46% Li2O, 3,257 g/t Rb, 228 ppm Ta2O5 and 132 g/t Be over 12.1 metres. The Company is also adding the highly-anticipated tantalum results for previously-reported holes. Intersection values are all above 200 ppm or 200 g/t Ta2O5.
Companies mentioned in this penny stock in play include: First Gold Exploration Inc. (V.EFG) is trading up $0.01 at $0.56.
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11:02 AM
EST -
: Sirios Resources Inc.: announced the assay results of several metals associated with its lithium discovery on the PONTAX - LITHIUM property, which is equally held with Exploration Dios Inc., in James Bay, Quebec. The results from the lithium pegmatites show grades of up to 4,980 ppm (g/t) over 1.8 m of rubidium (Rb), 484 ppm over 3 m in beryllium (Be), 204 ppm over 4 m in tantalum and 480 ppm over 2 m of cesium.
Companies mentioned in this penny stock in play include: Sirios Resources Inc. (V.SOI) is trading up $0.015 at $0.095.
Exploration Dios Inc. (V.DOS) is trading down $0.04 at $0.22.
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4:01 PM
EST -
: Gulfside Minerals Ltd.: reported that the Company has signed two Letters of Intent to acquire additional Licenses comprising 10,319 hectares (25,499 acres) adjoining its Onjuul and Black Hole projects to the north and north east which are located 170 km south west of Ulaanbaatar in Mongolia. Gulfside has engaged Norwest Corp., of Salt Lake City Utah, to oversee the exploration of the Onjuul and Black Hole projects. Initial indications from the first phase of the drilling program suggest the coal bearing structure trends north and east into the licenses covered under the LOI's. Phase 2 of the drilling program is scheduled to resume this spring with a goal to confirm and expand the current historical resource as well as step out into the newly acquired licenses. The total coal in all drill holes from the first phase of the drill program range from 16.50 metres to 57.70 metres and the thickest seams range from 8.10 metres to 42.40 metres.
Companies mentioned in this penny stock in play include: Gulfside Minerals Ltd. (V.GMG) is trading down $0.075 at $0.30.
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4:00 PM
EST -
: Altima Resources Ltd.: and Unbridled Energy Corporation announced that the shareholders of Unbridled approved of the plan of between the Companies at a Special Meeting of the shareholders of Unbridled held earlier today. The resolution approving the Arrangement was approved by 99.89% of the votes cast at the meeting. Under the Arrangement, each one common share of Unbridled will be exchanged for one common share of Altima.
Companies mentioned in this penny stock in play include: Altima Resources Ltd. (V.ARH) is trading even at $0.095.
Unbridled Energy Corporation (V.UNE) is trading up $0.005 at $0.085.
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11:10 AM
EST -
: Encore Renaissance Resources Corp.: reported on the initial sampling results of a quartz vein and veined stock work zone discovered on the Bonaparte Gold Project decline. This is one of numerous repetitious quartz veined systems expected to be encountered through the development of Encore's underground mine plans. The quartz sulphide zone is trending north by north-east with sets of veins trending east-west and includes the randomly broad network of quartz sulphide stock work zoned as a high-level porphyry deposit that have been identified. The new vein 20 zone was encountered 12.07 metres down from the portal entrance and is currently still extracting well mineralized quartz sulphide ore at the decline heading face. To Feb 1, the vein zone is currently 34.50 metres in length to its next blast round.
Companies mentioned in this penny stock in play include: Encore Renaissance Resources Corp. (V.EZ) is trading down $0.01 at $0.16.
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11:09 AM
EST -
: SNS Silver Corporation: provided an update of the progress on its Emerald Lake Gold Project. The results have been received from the multi-phase geophysical survey completed as a precursor to the drilling program, and the preliminary interpretation of the data has been completed, a more detailed review continues. To date, the company has completed 11 drill holes of a planned 17-hole drilling program, and is about to collar the 12th. Most of the holes have been mineralized and the seventh and eighth holes look particularly encouraging. The Sampling facility is now operational and sampling for assays will be starting this week. Results should be received before the end of February.
Companies mentioned in this penny stock in play include: SNS Silver Corporation (V.SNS) is trading down $0.005 at $0.165.
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