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The following companies have significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock: Bravada Gold Corp (TSXV:BVA), Elemental Minerals (TSXV:ELM), Entourage Metals (TSXV:EMT), Frontier Rare Earths (TSX:FRO), Geologix Explorations (TSXV:GIX), Passport Potash (TSXV:PPI,OTCQX:PPRTF), Southern Silver Exploration (TSXV:SSV), Tournigan Energy (TSXV:TVC), Westcore Energy Ltd. (TSXV:WTR).
Savvy investors, brokers, and institutional investors try to identify future news items or “Catalysts” that address significant company milestones. Identifying and anticipating these news items can greatly influence an investor’s success.
Following are significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock. These news catalysts are a reminder of already publicly released plans.
February 2012 News Catalysts
Initial encouraging results from Entourage Metals (TSXV:EMT) Black Raven project in the Hemlo District of Ontario have motivated Entourage to mobilize a second drill rig to the property. Partial assay results from holes BR11-01 through 04 include hole 04 intersecting 44.4 g/t Au over 2.17 meters, at the Super G prospect.
Subsequently, two additional drill holes (BR11-05 and BR11-06) have been completed which significantly extended the strike length of this structure to 400 metres with a 110 metre down dip extent. Assay results of these additional holes are pending. Entourage has a market capitalization of about $13 million and $2.5 million in the bank.
Tournigan Energy (TSXV:TVC)
Tournigan Energy (TSXV:TVC) is expecting to table a pre-feasibility study in February on its flagship uranium asset, the Kuriskova deposit in Slovakia.
Tetra Tech’s proposed mine production plan for Kuriskova will be based on the Indicated portion of the most recent resource estimate. The April 2011 resource estimate comprises an Indicated Resource of 28.5 million pounds U3O8 grading 0.555% U3O8 contained in 2.3 million tonnes and an additional Inferred Resource of 12.7 million pounds U3O8 grading 0.185% U3O8 contained in 3.1 million tonnes, at a cut-off of 0.05%U3O8. Ongoing metallurgical test work has confirmed uranium recoveries of 93-94%. Tournigan has a market capitalization of about $20 million and $8.4 million in the bank.
At last report, Elemental Minerals (TSXV:ELM) was working towards completing a Pre-Feasibility Study on its Sintoukola potash project in the Republic of Congo, West Africa. The company is currently in the midst of its Phase 2 exploration field program consisting of 47 drill holes (13,295 metres) for resource infill, resource expansion, geotechnical and hydro-geological purposes. Results are expected shortly. Elemental Minerals has a market cap of A$240 million and A$45 million in the bank.
Geologix Explorations (TSXV:GIX) is expecting results from 1,500 line km airborne geophical survey on its wholly-owned Tepal Gold-Copper Porphyry Project in Mexico. The company believes there is potential to identify new anomalous target areas for follow-up exploration and drilling in an attempt to identify new mineralized zones. The company currently has outlined 3.8 million oz gold equivalent (1.6 million ozs gold and 725.0 million lbs copper). Geologix has a market capitalization of $40 million and $10 million in the bank.
Last fall, Bravada Gold Corp (TSXV:BVA) drilled 50 holes for a total of 4,108.5 metres at Wind Mountain gold silver project, located in north-western Nevada. Assays were received and the company is working on updating its resource estimate and completing a Preliminary Economic Assessment. The reports are anticipated to be released sometine in the next two months. Bravada has a market capitalization of $8.5 million and about half a million in the bank.
Passport Potash (TSXV:PPI,OTCQX:PPRTF) expects to complete its initial resource estimate on its Holbrook potash property. All drilling completed to date as well as historical drilling will be reviewed and the Company anticipates an initial resource estimate should be completed in the first quarter of 2012.
Passport Potash has a market capitalization of $51.6 million. On January 13th 2012, the company closed the non-brokered private placement consisting of 41,666,425 units at a subscription price of $0.18 per Unit, for gross proceeds of $7.5 million.
Southern Silver Exploration (TSXV:SSV) has completed 29 holes or 7,760 metres of drilling on its Cerro Las Minitas project in Durango Mexico. Assays have been received for 23 holes and results are expected for 9 more holes. The company plans to drill another 20,000 metres, or 60 holes, on this project in 2012. The company is also expecting assay results from 4 holes completed on its Oro gold-copper property in New Mexico. Southern Silver has a market capitalization of $15 million and about $1.3 million in the bank.
Frontier Rare Earths (TSX:FRO) is expecting to table a preliminary economic assessment (PEA) in February on its flagship asset, the Zandkopsdrift rare earth deposit. The project is located in the Northern Cape Province of South Africa and is one of the largest, code compliant, undeveloped rare earth deposits worldwide. The PEA is expected to confirm the technical and economic viability of Zandkopsdrift. In December 2011, Frontier signed a definitive joint venture and off-take agreement with Korea Resources Corporation (KORES), an entity owned by the Korean Government with the goal of securing strategic minerals. The company has a market capitalization of $80 million and about $40 million in the bank.
Westcore Energy Ltd. (TSXV:WTR) is launching a 58 hole (8,700 metre) drill program on its Black Diamond and FNR joint venture projects located near The Pas, Manatoba. Drill results are expected to start comming in later this month. The company has a market capitalization of about $10 million with roughly $3 million in the bank.