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$EKCS Up +91.49% yesterday
Apparent accumulation over the last ten trading days now totals over 400,000 shares with 7 up days out of 10 and no news from the company. See detailed trading at the link below.
https://ih.advfn.com/stock-market/USOTC/electronic-control-security-inc-pn-EKCS/historical/more-historical-data
$EKCS Up +91.49% yesterday
Apparent accumulation over the last ten trading days now totals over 400,000 shares with 7 up days out of 10 and no news from the company. See detailed trading at the link below.
https://ih.advfn.com/stock-market/USOTC/electronic-control-security-inc-pn-EKCS/historical/more-historical-data
$EKCS - ANYONE KNOW WHAT'S UP WITH EKCS?
Recent historical data certainly appears to support the case someone is accumulating shares, plus we now have a 52 week high.
https://ih.advfn.com/stock-market/USOTC/electronic-control-security-inc-pn-EKCS/historical/more-historical-data
$EKCS - IS SOMETHING GOING ON WITH EKCS?
The recent days of historical data certainly appear to support the case someone is accumulating shares, and we now have a 52 week high.
https://ih.advfn.com/stock-market/USOTC/electronic-control-security-inc-pn-EKCS/historical/more-historical-data
$EKCS
The recent days of historical data certainly appear to support the case someone is accumulating shares, and we now have a 52 week high.
https://ih.advfn.com/stock-market/USOTC/electronic-control-security-inc-pn-EKCS/historical/more-historical-data
$HL More from USW Local 5114 Facebook Page on Tuesday
"USW Local 5114 Negotiating Committee would like to make the following statement regarding recent negotiation meetings:
The Union and the Company have met 6 times thus far in the month of September with two more meetings scheduled before the end of the month. These meetings have included meeting through the weekends and have lasted for the better part of 8 hours for each meeting. As we have previously released, the two sides have made positive movement toward resolving the issues at hand. We want the membership to know that we are very close to signing off on three articles that we have been working on, which will reflect the results of a lot of work on both sides.
Please understand that we are in some delicate areas of negotiation, which is the reason we have not, and will not publish details on social media such as Twitter or here on Facebook. We encourage members to contact anyone on the Negotiating Committee for information, or, watch for and attend informational meetings as they are scheduled."
In Solidarity,
Steve Powers, USW Staff Rep., Dist. 12
Dave Roose
Rick Decker
Dave Bishop
Rick Valerio
Paul Sala
https://www.facebook.com/USW-Local-5114-694692010581206/
$HL From USW Local 5114 Facebook Page
"We have just concluded 3 days of negotiations and have made positive progress. Further meetings have been scheduled"
https://www.facebook.com/search/str/usw+local+5114/stories-keyword/stories-public?esd=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%3D%3D
$EKCS Unusual volume and 52-week high today with no news so far.
Based on the volume and higher price last week and today, something new may be going on at EKCS.
Raymond James Financial, Inc. Reiterates Outperform Rating for Trek Mining Inc (TREK)
"Trek Mining logoTrek Mining Inc (TSE:TREK)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James Financial, Inc. in a research note issued to investors on Tuesday, September 5th. They currently have a C$2.00 price target on the stock.
Separately, National Bank Financial dropped their price objective on Trek Mining from C$2.20 to C$2.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd.
In other news, insider Groot Marcel H. De acquired 50,000 shares of Trek Mining stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of C$1.08 per share, with a total value of C$54,000.00. Insiders bought a total of 75,600 shares of company stock worth $72,072 over the last ninety days." (C$2.00 = US$1.64 9/14/17)
https://weekherald.com/2017/09/13/trek-minings-trek-outperform-rating-reaffirmed-at-raymond-james-financial-inc.html
Yes, and I bought it a few years prior to the merger with JDL Gold earlier this year when it was Luna Gold. The link below presents some history on the company.
https://seekingalpha.com/article/4051600-luna-jdl-form-trek-mining
$MKRS NEWS (.50/share.....for now)
Mikros Systems Receives $548,000 Contract Award for ADEPT® Enhancements
https://www.mikrossystems.com/mikros-systems-receives-548000-contract-award-for-adept-enhancements/
$LWLCF Trek Mining News
Trek Mining Discovers New Gold Zone East of Piaba Deposit
https://www.trekmining.com/investors/news/2017/trek-mining-discovers-new-gold-zone-east-of-piaba-deposit
$LWLCF Trek Mining News
Trek Mining Discovers New Gold Zone East of Piaba Deposit
https://www.trekmining.com/investors/news/2017/trek-mining-discovers-new-gold-zone-east-of-piaba-deposit
There's a meeting for Lucky Mine UMW Local 5114 tonight and another round of negotiations with Hecla on 9/15/17. Hopefully, the strike is about to end.
What now?
According to a posting on the Lucky Friday Mine UMW Local 5114 Facebook Page, contract negotiations are going well and the comments appear to indicate the miners are anxious to see the strike settled.
https://www.facebook.com/USW-Local-5114-694692010581206/
WTF!
$MKRS - Mikros Systems Announces Strong Second Quarter Results
Tue August 15, 2017 9:00 AM|GlobeNewswire|About: MKRS
Q2 revenue increased 78% to $1.74 million
Q2 net income increased 854% to $76,224
PRINCETON, N.J., Aug. 15, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCQB:MKRS) reported financial results for the second quarter of 2017. Second-quarter revenue increased 78% to $1.74 million from $978,372 in 2016. Cost of sales as a percentage of revenue was 36%, consistent with the second quarter of 2016. Net income increased 854% to $76,224 from $7,987 in 2016.
The increases in profits and revenue resulted primarily from a large production order for the Company’s ADEPT system received in February 2017 and the receipt of additional contracts for engineering services, support, repairs, and calibration services for the U.S. Navy.
During the second quarter, the Company continued to invest in the research, development, marketing and leadership of its key commercial offerings, Diagnostic Profiler® and Prognostics Framework®. In addition to this progress in the commercial initiatives, Mikros (MKRS) also announced over $2 million in new defense orders. Announcements included:
a $1.5 million contract from the U.S Navy to extend the capabilities of the ADEPT Distance Support Sensor Suite (ADSSS) Condition-Based Maintenance (CBM) system to support a fourth U.S. Navy radar system, the MK-99;
a delivery order from the U.S. Navy to provide training services for the Adaptive Diagnostic Electronic Portable Testset (ADEPT®) product line at Navy facilities worldwide;
a contract valued at $500,000 to develop a new upgrade to the ADSSS product line for the U.S. Navy;
a fifth consecutive annual renewal contract with HP Indigo Division for Mikros’ Diagnostic Profiler software; and
retaining Mark Malone in May to serve as corporate Vice President, commercial markets.
“Second-quarter revenue and profitability growth reflect the strength of our backlog and our customer relationships,” said Mikros President and CEO, Tom Meaney. “As we continue to execute on our long-term IDIQ contracts valued at over $80 million, generate new contracts from our Navy customers, and extend our ADSSS and ADEPT offerings to additional radar systems and ship classes, we expect continued growth in both revenue and profitability through the second half of the year.”
“The strength of our defense business has enabled us to significantly advance our strategic expansion into select commercial markets. Mikros is investing in technology, key personnel and high-value industry partnerships to expand our condition-based maintenance software solutions to commercial customers and generate meaningful returns for our shareholders.”
Additional information regarding the Company’s financial data may be found in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 filed with the U.S. Securities and Exchange Commission. The Form 10-Q may be accessed at www.sec.gov or at the Company’s website at www.mikrossystems.com
ABOUT MIKROS SYSTEMS CORPORATION
Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering, and communications engineering.
From "The Motley Fool"
Have You Considered Klondex Mines Ltd.?
Most investors haven’t heard of Klondex Mines Ltd. (TSX:KDX) yet, but that relatively unknown status is about to disappear.
Klondex is an intermediate gold miner with operations in Canada as well as the U.S. Among the mines the company owns and operates, the Fire Creek mine is widely regarded as the highest-quality underground mine in the world.
Precious metals prices have steadily increased over the course of the past two years, following several years of depressed prices that saw gold collapse from the US$1,900 per ounce level in 2011, reaching the sub-US$1,100 per ounce level over a year ago. During that period, gold producers often turned to cost-cutting efforts and efficiency improvements to minimize losses until prices recovered.
With gold prices now recovering from those levels, the cost-cutting and efficiency improvements of the past few years have become a welcome boost to the bottom line, making gold miners such as Klondex intriguing investment options.
Klondex has immense growth potential
The first thing that is interesting about Klondex is the impressive production growth the company has registered over the past year.
Klondex recently provided an operational update on the most recent quarter, where the company realized production growth of 94% over the previous quarter. Klondex’s production guidance for the fiscal year is currently set in the 210,000-225,000 ounces range, which is an incredible 36% year-over-year change.
Gold is currently hovering just shy of US$1,300 per ounce and industry experts still believe the precious metal could surpass and stay above the US$1,300 per ounce level by the end of the year.
That bodes well for Klondex for a few reasons.
First, Klondex is set to begin scaling up production at both the True North and Hollister mines. The True North mine in particular was the subject of a recent report by Klondex which indicated that gold reserves were 25% higher than previously thought. Assuming that gold continues to appreciate, Klondex should see a significant boost to earnings.
Second, that increased production ramp-up at both the True North and Hollister mines comes at an added cost, which is deceptively skewing the all-in sustaining cost of the miner to be higher than it should. Once that ramp-up is complete and the mines are producing more gold, costs will drop across the board.
Klondex’s operational update for the most recent quarter is just as promising. Klondex produced over 66,00o gold equivalent ounces in the quarter and sold off 69,522 gold equivalent ounces. The company also mined 53,248 gold equivalent ounces in the quarter, which falls into the expected volume for the quarter.
Year to date, Klondex has produced 101,019 gold equivalent ounces at its three mines, and it will begin processing at an additional mine later this year.
Klondex is slated to report financials for the second quarter later this month, and, in my opinion, remains a great opportunity for investors looking to add a gold miner to their portfolios.
36-Year Old CEO Bets Over $300 Million on 1 Stock
Iain Butler, Lead Adviser of Stock Advisor Canada, recommended this little tech darling to thousands of loyal members last March... and those that followed his advice are up 127.7% (they've already made 2X their money!).
Not to mention this tiny Eastern Ontario company has already been recommended by both Motley Fool co-founders, David and Tom Gardner, because of its amazing similarity to an "early stage" Amazon.
Find out why Tom Gardner was recently on BNN's Money Talk raving about this company, and how you can read all about it inside Stock Advisor Canada. Click here to unlock all the details about his Canadian rule breaker!
https://www.fool.ca/2017/08/04/have-you-considered-klondex-mines-ltd/
ERBB on ZeroHedge tonight.
A Cannabis Company Just Bought A Whole California Town
http://www.zerohedge.com/news/2017-08-04/cannabis-company-just-bought-whole-california-town
Golden Leaf CEO William Simpson Issues Letter to Shareholders
http://www.marketwired.com/press-release/golden-leaf-ceo-william-simpson-issues-letter-to-shareholders-cse-glh-2227877.htm
$MKRS News today.
Mikros Systems Commercial Customer Hewlett-Packard Signs Up for Fifth Year of Software Support
PRINCETON N.J., July 11, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCBB:MKRS) announced today that HP Indigo Division has renewed its software support contract for Mikros’ Diagnostic Profiler software for the fifth consecutive year.
Mikros supplies two software products, Prognostics Framework® and Diagnostic Profiler®, to several commercial customers for Condition Based Maintenance in various industrial applications. These software products generate recurring revenues when customers renew their software maintenance support contracts on a yearly basis. Recently, Hewlett Packard Indigo Division, which manufactures large printing presses, has renewed their software license for Mikros Diagnostic Profiler for the fifth year running. Mikros is also working with HP to design new software upgrades to the system. HP Indigo uses Mikros Diagnostic Profiler to detect errors and maximize system up-time on their printing presses at over 100 installations.
HP’s Dan Koran commented: “HP Indigo Division has been partnered with Mikros on an ongoing contract for five years to provide HP an efficient and effective diagnostician tool for our advanced printing presses. Both companies have had a great relationship and continue to work together. We look forward to continuing the working relationship and other endeavors.”
Tom Meaney, Mikros President and CEO stated that, “First, these orders represent a major vote of confidence from our commercial customers. Second, they indicate that there is significant potential for recurring revenue streams and lasting relationships as we support both hardware and software products in real world applications for commercial customers. We thank our current customers for their continuing support, and believe that life-cycle support of our product lines will continue to be a successful and profitable enterprise.”
Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering, and communications engineering. For more information on Mikros, please visit: www.mikrossystems.com.
Important Information about Forward-Looking Statements
All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, changes in business conditions, a decline or redirection of the U.S. Defense budget, significant delays or reductions in appropriations for our projects, the termination of any contracts with the U.S. Government, changes in our sales strategy and product development plans, changes in the marketplace, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, competitive pricing pressures, market acceptance of our products under development, delays in the development of products, our ability to adequately integrate our commercial software offerings into our business model, our ability to market our solutions to commercial customers, numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2016 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.
$MKRS Mikros Systems Commercial Customer Hewlett-Packard Signs Up for Fifth Year of Software Support
https://globenewswire.com/news-release/2017/07/11/1042497/0/en/Mikros-Systems-Commercial-Customer-Hewlett-Packard-Signs-Up-for-Fifth-Year-of-Software-Support.html
Pulled bond deal analysis.
http://www.newsmax.com/StreetTalk/junk-bond-mining-Bloomberg-News-debt/2017/07/01/id/799356/
Confusing news and filings, then quickly abandoned. Someone apparently didn't notify all the right people before acting.
$KLDX Klondex Being Added To Russell 3000
"Jun 23, 2017 (Marketwired via COMTEX) -- VANCOUVER, BC--(Marketwired - June 23, 2017) - Klondex Mines Ltd. (KDX) (nyse mkt:KLDX) ("Klondex" or the "Company") is pleased to announce it has been added to the broad-market Russell 3000® Index at the conclusion of the Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted June 9......"
http://www.marketwatch.com/story/klondex-set-to-join-russell-3000r-index-2017-06-23-616058
If you had the unlimited fiat money backing of the world's central banks, you'd dump your paper gold, "never deliver", contracts too, and then you'd buy them back at the new lows to start the cycle all over again. Of course, if you're just one of us serfs, not so much.
Gold up over 1% tonight. Someone better call the Plunge Protection Team and start dumping paper gold contracts!
Here is the likely reason for the decline in KLDX since March. From what I can gather, the index sells the stocks being removed prior to the announcement. Note KLDX at the bottom of the list and that every mining company removed declined as a result of the shares dumped on the market. Hopefully, the forced selling will be through soon.
$LWLCF We have earnings
$.04
https://www.trekmining.com/assets/pdf/Financials/2017-Q1/TREK-FS-Q12017.pdf
Golden Leaf to Hold Shareholder Call to Review First Quarter 2017 Results
TORONTO, ON--(Marketwired - May 23, 2017) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH) (CSE: GLH.CN) (CNSX: GLH) (OTCQB: GLDFF), a leading cannabis oil solutions company built around recognized brands, today announced that it will hold a shareholder call to review first quarter 2017 results for the period ended March 31, 2017, at 9:00 am ET on May 26, 2017.
The dial-in information for the shareholder call is as follows:
Program Title: Golden Leaf Holdings Earnings Call
Canada & U.S.: (800) 895-0198
International: (785) 424-1053
Passcode: 43038
About Golden Leaf Holdings:
Golden Leaf Holdings Ltd. is one of the largest cannabis oil and solution providers in North America. It's a leading cannabis products company in Oregon built around recognized brands. GLH leverages a strong management team with cannabis and food industry experience to complement its expertise in extracting, refining and selling cannabis oil.
Disclaimer: This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company's future business operation, expectations of gross sales, the opinions or beliefs of management and future business goals, statements regarding the timing and completion of the proposed Acquisitions and the Offering, the use of the net proceeds of the Offering, the satisfaction of the Escrow Release Condition and management's expectations with respect to the Offering and the Acquisitions. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to general business, economic and competitive uncertainties, regulatory risks including risks related to the expected timing of the Company's participation in the Adult Use market, market risks, risks inherent in manufacturing operations and other risks of the cannabis industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. Forward-looking information is provided herein for the purpose of presenting information about management's current expectations relating to the future and readers are cautioned that such information may not be appropriate for other purpose. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This Release does not constitute an offer of securities for sale in the United States, and such securities may not be offered or sold in the United States absent registration or an exemption from registration or an exemption from registration.
CONTACT INFORMATION
For further information, please contact:
Investor Relations - U.S.A.
Harrison Phillips
Viridian Capital Advisors, LLC
212-485-0284
hphillips@viridianca.com
Investor Relations - Canada
Paul Searle
Golden Leaf Holdings Ltd.
778-240-7724
psearle@goldenleafholdings.com
Eugene Hill
Chief Financial Officer
Golden Leaf Holdings Ltd.
ghill@goldenleafholdings.com
Probably less since they're supposedly looking for advisory services, but I suspect there will be more news coming as Sitestar pivots to this new business plan. Hopefully, it will be something more exciting than what we've seen so far.
Bridge Reid Funds
$6,800,000 under management reported
https://whalewisdom.com/filer/bridge-reid-funds-i-lp#tabsummary_tab_link
Sitestar's Asset Management Subsidiary Partners with Bridge Reid
PR Newswire
LYNCHBURG, Va., May 18, 2017
LYNCHBURG, Va., May 18, 2017 /PRNewswire/ -- Sitestar Corporation (OTCQB: SYTE) today announced an agreement between Sitestar's Asset Management subsidiary, Willow Oak Asset Management, LLC, and the General Partner of Bridge Reid Fund I, LP to provide Bridge Reid with fund advisory services. Bridge Reid will continue to be managed by its General Partner members, Michael Bridge and Nathan Reid.
"We are thrilled to partner with Mike and Nathan. I have held both of them in high regard since first meeting them at the Berkshire Hathaway annual meeting in 2011. Bridge Reid fits perfectly with our Asset Management Operations since Mike and Nathan share our investor friendly approach, and our passion and belief in value investing as a superior long-term investing approach. We look forward to working with them to build Bridge Reid for long-term success," said Steven Kiel, Sitestar's CEO.
"Nathan and I are extremely excited to partner with Sitestar. Since becoming a portfolio manager in 2012, Steve has compiled a remarkably successful investment track record. We have also been impressed watching Steve and his team build a value investing-oriented asset management platform at Sitestar through its Willow Oak subsidiary. We look forward to Bridge Reid benefitting from Steve's knowledge and perspective, and being associated with a growing, institutional asset management business," said Michael Bridge, Bridge Reid's Co-Managing Member.
About Sitestar
Sitestar Corporation and its subsidiaries engage in several diverse business activities in the following industries: HVAC and plumbing, internet, real estate, and asset management. The company's philosophy is to centralize capital allocation decisions at the corporate level and decentralize operational decisions among subsidiary managers.
About Bridge Reid
Bridge Reid Funds, I, LP is a private hedge fund for accredited investors that utilizes value-oriented investment principles. The goal of Bridge Reid is to compound funds at a better than average rate over the long term.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted. Copies of Sitestar's press releases and additional information about Sitestar are available at www.sitestar.com.
$LWLCF News
Trek Mining Confirms Extension of Piaba Gold Deposit
300 Metre Step-out Hole Intersects 3.90 Grams per Tonne Gold Over 11.0 Metres
May 17, 2017 – Vancouver, BC – Trek Mining Inc. (TSX-V: TREK) (“Trek” or “the Company”) is pleased to announce that initial drilling in Piaba West has intersected 3.90 grams per tonne gold (“g/t Au”) over 11.0 metres in a step-out drill hole located 300 metres along strike of the currently defined Piaba gold deposit at its 100%-owned Aurizona Gold Mine (“Aurizona”) in Brazil. Results from the initial 18 shallow holes totalling 1,594 metres have successfully demonstrated that significant gold mineralization persists below the shallow, westernmost reserve pit and that the Piaba gold deposit extends along strike at least 300 metres to the west.
Drilling highlights include:
3.90 g/t Au over 11.0 m in BRAZP575
1.95 g/t Au over 4.0 m and 2.17 g/t Au over 5.0m in BRAZP580
28.16 g/t Au over 4.0 m including 112 g/t over 1.0 m in BRAZP582
2.63 g/t Au over 9.0 m in BRAZP572
0.99 g/t Au over 15.0 m in BRAZP571
1.22 g/t Au over 33.0 m including 2.27 g/t Au over 11.0 m in BRAZP569
“Encountering ore grade intercepts along strike is exactly the result we were looking for,” said Scott Heffernan, EVP Exploration of Trek. “Drilling at Piaba West is ongoing and will further test the continuity of mineralization along strike from current gold reserves in the Piaba gold deposit.”
Drill hole BRAZP575, located 300 metres beyond the westernmost edge of the existing Piaba pit, encountered 3.90 g/t Au over 11.0 metres from 49 metres down hole. BRAZP576 was collared a further 100 metres west of BRAZP575 and ended in mineralization grading 0.71 g/t gold over 6.0 metres at a depth of 110 metres, indicating that mineralization continues for an additional 100 metres along strike but may dip to the southwest.
For a complete table of the Company’s 2017 exploration drill results to date, click here
For a map showing the Company’s 2017 exploration drill holes and highlight results to date, click here
“These initial results support our expectation that the Piaba gold deposit continues at depth and along strike to the west,” said Christian Milau, CEO of Trek. “Successful infill drilling below the western end of the pit and in the identified extension should lead to an increase in Aurizona gold resources and an extension of the mine life.”
Current gold reserves at Aurizona are contained primarily within the Piaba gold deposit which remains open along strike and to depth. Piaba West is a potential 900-metre long extension of the Piaba gold deposit and is the first of several near-mine targets to be drilled as part of the Company’s planned 30,000-metre 2017 exploration program at Aurizona. Trek’s immediate priority is to follow the mineralization along strike and down plunge, and to increase drill hole density below the western edge of the current reserve pit and the initial 300-metre extension. An additional 600 metres of westerly strike will be tested upon receipt and interpretation of a recently completed 38,000 line-km airborne magnetic and radiometric survey.
Invitation to Trek Mining Open House
Trek is hosting an open house at its office in Vancouver at the end of May, providing an opportunity for existing and potential investors to meet Trek’s executive team and discuss ongoing activities at the Company’s portfolio of projects. If you would like to attend, please RSVP by May 22 to Rhylin Bailie by phone at +1 604-260-0516 or by email at rhylin.bailie@trekmining.com.
When: Sunday, May 28 from 4-6pm or Monday, May 29 from 4-6pm
Where: Suite 730, 800 West Pender St., Vancouver
RSVP: +1 604-260-0516 or rhylin.bailie@trekmining.com
On behalf of the Board of Trek Mining Inc.
"Christian Milau”
CEO & Director
About the Aurizona Gold Mine
The current reserve and resource model for Aurizona outlines a 6.5-year mine life based on reserves identified in the Piaba and Boa Esperança pits. Gold mineralization is structurally controlled by subvertical, strike-slip shear zones occurring along significant lithological contact between metavolcano-sedimentary units and intrusive rocks. Host rocks are hydrothermally altered quartz diorite and plagioclase-quartz diorite rocks. The mineralization style is disseminated stockwork and vein-hosted sulphides and gold within a silicified shear zone. Gold mineralization at Piaba West is hosted in a northern, hanging wall sequence composed mainly of diorite and quartz diorite intrusives with subordinate dacitic volcanics. Additional information about Aurizona is available in the September 2016 “Pre-feasibility Study on Aurizona Mine Project, Maranhão, Brazil, NI 43-101 Technical Report” that is available on the Company’s website and on SEDAR at www.sedar.com.
About Trek Mining Inc.
Trek is a Canadian mining company with a portfolio of production, near-production and exploration-stage projects in North and South America. The Company is producing gold from its Koricancha Mill, a custom-built gold and silver ore processing facility in Peru, and is completing a feasibility study for its past-producing Aurizona Gold Mine in Brazil, with the objective of pouring gold at Aurizona by the end of 2018. Trek’s exploration properties include both near-mine and district exploration opportunities at Aurizona; the Warintza project, a porphyry copper-molybdenum exploration project in Southeastern Ecuador; the Ricardo project, a porphyry copper-molybdenum exploration project in Chile; and Elk Gold, a past-producing high-grade gold mine in British Columbia, Canada. Further information about Trek’s business strategy and portfolio of assets is available at www.trekmining.com or by email at ir@trekmining.com.
Trek Mining Contacts
Christian Milau, Chief Executive Officer
Rhylin Bailie, Vice President Investor Relations
Tel: +1 604-558-0560
Email: ir@trekmining.com
Qualified Person and Disclosure Statement
Scott Heffernan, M.Sc., P.Geo., the Company’s EVP Exploration and Qualified Person under National Instrument 43-101, has reviewed and verified that the technical information contained in this news release is accurate and approves the written disclosure of the same. Drill composites were calculated using cut-off values of 0.3 g/t, 1.0 g/t or 5.0 g/t gold as specified in the drill table and contain no more than 3 metres of internal waste. Drill intersections are calculated using uncut assays and are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be 60 to 90 percent of the reported lengths. All samples were submitted to ALS Chemex in Belo Horizonte, Brazil for sample preparation. Sample pulps were then sent to ALS Chemex in Lima, Peru for geochemical analysis for gold by fire assay of a 30-gram charge with an Atomic Absorption finish (AA) and for a 33 multi-element geochemical suite by 4-acid digestion and Inductively-Coupled Mass Spectrometry (ICP-MS). Samples with AA gold values over 5.0 g/t are re-assayed using a Gravimetric Finish (Grav). Control samples (accredited standards, blanks and duplicate samples at the field and preparation stages) were inserted on a regular basis. Results were monitored upon receipt of assays.
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “should”, “could”, “expected” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements regarding planned exploration activities and drill results at Aurizona, and the anticipated restart of production at Aurizona. Although Trek believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the anticipated results of exploration activities at Aurizona; whether exploration activities will lead to an increase in Aurizona resources and an extension of the Aurizona mine life; the anticipated results of the feasibility study for Aurizona; the anticipated Board of Directors decision to approve construction of the Aurizona mine; the ability to raise the capital required to fund construction and development of Aurizona; the ability to restart production at Aurizona; and timing of the anticipated restart of production. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
$MKRS Q1 Financial Highlights
PRINCETON, N.J., May 17, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCQB:MKRS) today announced first quarter 2017 results.
Revenues for the first quarter of 2017 were $1,754,973, as compared to $987,929 for the first quarter of 2016, an increase of $767,044 or 78%. Cost of sales for the three months ended March 31, 2017 was $651,536 compared to $324,328 for the three months ended March 31, 2016, an increase of $327,208 or 101%. As a percentage of revenue, cost of sales increased to 37% of revenues for the three months ended March 31, 2017 as compared to 33% of revenues for the three months ended March 31, 2016. Finally, the Company reported net income of $90,307 for the first quarter of 2017 as compared to net income of $1,846 for the first quarter of 2016.
The increases in profits and revenue were largely the result of a new production order for the Company’s ADEPT systems and the receipt of six additional contracts for engineering services, support, repairs, and calibration services for the US Navy.
During the first quarter, Mikros continued to invest considerable resources in the further development and marketing of its Diagnostic Profiler® and Prognostics Framework® commercial offerings. This is a natural extension of the technology Mikros has developed for the US Navy to the commercial sector.
Highlights for the quarter included:
production of 11 ADEPT Units which will be delivered in the fourth quarter
extending our ADSSS® system to a second ship class, the Aegis surface combatant fleet, and to a fourth Navy radar system (the MK 99)
receipt of multiple new contract awards and deliver orders, including providing training for our ADEPT® product line at Navy facilities throughout the world.
Tom Meaney, Mikros President and CEO, commented, “We are very pleased to deliver another strong quarter for our investors. We are now starting to see tangible results from the $83 million of IDIQ contracts we were awarded in the fourth quarter of 2016 and the first quarter of 2017. As we continue to generate additional delivery orders under these contracts, we expect increases in both revenue and net profit through the balance of the year.”
Mr. Meaney continued, “Another important element of our business plan is to deliver the benefits of condition based maintenance support to commercial customers. We continue to pursue select opportunities in these markets which have the potential to greatly expand the reach of our services and generate meaningful returns for our stockholders.”
Additional information regarding the Company’s financial data may be found in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 filed with the U.S. Securities and Exchange Commission. The Form 10-Q may be accessed at www.sec.gov or at the Company's website at www.mikrossystems.com.
Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering, and communications engineering. For more information on Mikros, please visit: www.mikrossystems.com.
Important Information about Forward-Looking Statements
All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, changes in business conditions, a decline or redirection of the U.S. Defense budget, significant delays or reductions in appropriations for our projects, the termination of any contracts with the U.S. Government, changes in our sales strategy and product development plans, changes in the marketplace, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, competitive pricing pressures, market acceptance of our products under development, delays in the development of products, our ability to adequately integrate our new software offerings into our business model, our ability to market our solutions to commercial customers, numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2016 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.
CONTACT: Thomas J. Meaney - (609) 987-1513