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Building resources, enough to maintain the momentum? Looks good to me.
D
NEWS, GRAPHITE DRILL CORE GRADING = 108M OF 8.8%C, INCLUDING 49M OF 10.09%c
Energizer Resources Adds Molo Zone to Green Giant Project; Intersects108m of Graphite in Drill Core Grading 8.80%C, Including 49m of10.09%C
Apr 4, 2012 08:03:28 (ET)
TORONTO, ONTARIO, Apr 04, 2012 (MARKETWIRE via COMTEX) -- Energizer Resources Inc. (ENZR, Trade )(frankfurt:YE5) ("Energizer" or the "Company") is pleased to announce assay results from the Molo zone on its Joint Venture (JV) property with Malagasy Minerals Limited ("Malagasy") (asx:MGY) in Madagascar. Assays received from the Molo zone confirm graphite mineralization at surface, and to a down hole depth of 108 metres at a grade of 8.80% carbon Copyright.
Based on these results, in conjunction with the previously released assay results from the Fotsy and Fondrana zones, and the metallurgical confirmation of jumbo flake graphite with over 90% purity, the Company is beginning to define a new graphite camp in southern Madagascar.
The Molo Zone
The Molo Zone can be characterized as follows:
-- a multi-folded graphitic zone with a surface-exposed strike length of
over 2 kilometres
-- characterized by resistant ridges of graphite-rich rock, and abundant
graphite-rich float
-- individual graphitic ridges between 20 and 150 metres in width
-- EM31 geophysical surveys indicate the graphite mineralization is
pervasive in the area
-- wide-spaced drilling of 6 diamond drill holes conducted over a strike
length of 1.2 kilometres, intersected graphitic mineralization to a
vertical depth of 75 metres with down-hole thicknesses between 60 and
150 metres in width
-- graphite mineralization intersected in drill core was open along strike,
and at depth.
8.80%C over 108.0 Metres Intersected in Drill Core from the Molo Zone
The Company has received assay results from the first (MOLO-01) of the 6 diamond drill holes drilled over the Molo zone. This hole was collared into graphite mineralization, and was drilled in to the western arm of a fold which strikes for at least 2 kilometres. Graphite mineralization in MOLO-01 was intersected from surface to a down hole depth of 108 metres at a grade of 8.80%C, and included 49 m at 10.09%C and 23 m at 10.03%C. The table below summarizes the intersections.
------------------------------------------------------------
------------------------------------------------------------
Drill Hole From (m) To (m) Interval (m) C (%)
MOLO-01 0 108 108 8.80%
incl. 23 72 49 10.09%
incl. 83 106 23 10.03%
------------------------------------------------------------
------------------------------------------------------------
Emergence of a Graphite Camp
The identification of 17 graphite trends, with a cumulative strike length in excess of 320 km, on the 100% owned Green Giant property and 75% owned Joint Venture properties, have validated the Company's belief that the Green Giant Project has the potential to host a potential graphite camp, with multiple zones. Highlights from zones with analytical results are as follows:
- Molo Zone
-- confirmation of +50 mesh ("jumbo") flake graphite with over 90% purity
achieved from crushing alone
-- drill intersections to 108.0 m at 8.80% C; including 49 m at 10.09%C and
23 m at 10.03%C
-- confirmed to extend for at least 2 kilometres in strike length
- Fondrana Zone
-- drill intersections to 118.6 m at 6.24%C with metallurgical results
pending
-- trench sampling to 106 m at 7.11%C
-- average aggregate graphite intersection from drilling is 73 metres with
a weighted average carbon assay of 6.14%C
-- average aggregate trench intersection is 82.5 metres with a weighted
average of 6.73%C
-- at surface and extends to a vertical depth of at least 120 metres
-- confirmed to extend for at least 800 metres in strike length
-- Mineralization is open along strike, and at depth
- Fotsy Zone
-- confirmation of +50 mesh ("jumbo") flake graphite with over 90% purity
achieved from crushing alone
-- average aggregate graphite intersection from drilling along the 'Fotsy
Main Zone' is 20.8 metres with a weighted average carbon assay of 5.62%C
-- average aggregate trench intersection is 10.9 metres with a weighted
average of 6.33%C
-- at surface and extends to a vertical depth of at least 115 metres
-- confirmed to extend for at least 800 metres in strike length
-- mineralization is open along strike, and at depth
-- mapping and prospecting have indicated that this zone extends for over 6
kilometres in length
Qualified Person
Craig Scherba, Senior Vice President Exploration and Operations for Madagascar, P.Geol., is the qualified person for the technical information provided in this release.
About Energizer Resources
Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its Green Giant Project located in Madagascar. The Green Giant hosts one of the largest known vanadium deposits and potentially one of the largest known graphite deposits.
The identification of 17 graphite trends, with a cumulative strike length in excess of 320 km, on the 100% owned Green Giant property and 75% owned Joint Venture (with malagasy minerals limited (asx:MGY) properties, have validated the Company's belief that the Green Giant Project has the potential to host a potential graphite camp. Metallurgical results to date confirm jumbo flake (+50 mesh) with over 90% purity.
As graphite and vanadium are considered to be critical minerals, the Company will position itself to both strategic partners, and the financial markets, a dual offering of critical minerals from a single source for energy and storage, as well as steel and other innovations worthy of development.
In addition to the Toronto Stock Exchange , the Company's common shares trade on the U.S. Over-The-Counter Bulletin Board under the symbol, ENZR, and on the Frankfurt Exchange under the symbol, YE5.
For more information on graphite, graphene and vanadium, please visit our website at www.energizerresources.com .
We seek Safe Harbour: This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
Contacts:
Energizer Resources Inc.
Brent Nykoliation
Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
bnykoliation@energizerresources.com
Energizer Resources Inc.
Kirk McKinnon
Chairman and CEO
Toll Free: 800.818.5442 or 416.364.4911
www.energizerresources.com
SOURCE: Energizer Resources Inc.
mailto:bnykoliation@energizerresources.com
http://www.energizerresources.com
Could be dilutive seller buying back lower.
Could be different buyer using same MM.
Could be . . . a number of reasons.
A major concern when buying is what sits on the selling side. In particular, the deceptive 5k ask by Vert. History here should be a factor. The good thing is they are not forcing things right now.
Recent dilution is 100 mil shares plus, could take out the bid in one swoop if the same is happening now.
Those who've been around see VERT sitting at .0005 with 5k. Dilutive shares sitting there waiting for bid to increase to .0004, masked behind the 5k showing on L2.
Over 388k on OTC, ENZR
I have held core shares starting in August 2010, thus the disgruntled face.
Pragmatically, I have expressed and felt that Tivus is a trading stock since spring 2011.
I still feel that way.
However, things can get interesting if:
1) Host contract comes to fruition.
2) An agreement on multiple properties per Tivus rollout plan occurs.
3) If Tivus financing is either debt based or deep pocket investor who does not demand toxic terms.
Thus, I plan to accumulate further on dips and as we move closer to convergence of 1-3 noted above. I will continue to hold my core shares long term.
GLTU and IMHO. Do not do what I say or do, I am still upside down on Tivus. LOL.
D
Of course, the problem exists, how does Tivus cover today's expenses during a quiet period? Not knowing what expenses currently are leaves us in the dark and speculating what is the best road taken. Can SP weather the time required? Don't know but wish we did.
GLTU
D
Paid promo's in Pinkie land are most often associated with P&D's. The appearance of a P&D is a result of the mindset of investors of this market tier, not just the intent of the company.
There are many companies in the Pinks who are honest, have a product and really do try but there are as many or more which are scams. The companies intent does not guarantee success as less than 5% of Pinkies ever succeed in moving up to the big boards.
Since August 2010, there has been at least a half dozen paid promos of TIVU, each resulting in a major expense to the company, with a s/p spike then fall. Not once have they held or been able to sustain their gain. The SST interview, was the most recent and QS has been ongoing for the past year. Not exactly a stellar record of ROI for those promos.
Sorry, but I have to disagree on the paid promo road. I say, stay quiet, take care of business, once contract is signed and the gates are opening to other opportunities, then develop a strategic PR plan, that is progressive and sustaining.
IMHO.
D
He did and does have private investors, unfortunately he set a precedence with the financing he originally arranged. Nobody currently wants to invest on terms less than what he has established during this product launch and build out phase.
Early on (over a year ago), I had approached SH to participate in a financing round. He tried to sway me into terms, less than what they were giving to 504's. They tried but no way I was going to be the first and only one.
What they need is a deep pocket source(s)who can carry this to the finish line and clear out the remaining toxic financing on the books. I know, easier said than done and perhaps this is what is most disturbing. With the unique story and aplication for the hospitality industry, the foot in the door with Host, proof of system in process, huge ad rev opportunities, why have they not or can not acquire financing from a deep pockets investor who does believe?
I know they have presented to investor groups at numerous small business forums. We have heard for a long time that there is much interest, that there is debt financing and other options available but never with closure, just conjecture and empty promises. Why can't SP close the deal?
The problem is SP underestimated the cost to bring his product to market and the impact to the company of the financing deals which he has had to depend on. Getting into Host is huge but it does come at a cost, which he is finding out right now.
IMHO
My understanding is the 5,000 room mark is a milestone for advertising efficiency not expense ledger coverage.
5,000 rooms was a target in which Tivus could engage an ad aggregator who could help fill their ad slots and not depend solely on in house ad sales (as they have to date). There is substantial economies of scale in this respect.
Cost coverage will have more variables depending on what is going on behind the scenes and costs related to contract and business developments. There is no way to assign a single number of rooms and assume that these will cover costs, except on a fixed cost basis.
There are many advertising apps (look to the coupon king) and others who already utilize GPS geo tracking/fencing in their advertising platforms to reach shoppers as they please.
SP needs to realize he is a guppy in a sea of sharks. Advertising is big money and he is up against some very shrewd folks. His leverage, at this point is minimal, Host can string him out as long as they want. What he thinks his franchise and offerings are is only the first step, more importantly it is what others think it is worth that really counts.
He should be talking to more than just the hospitality industry(and perhaps he is), I'm sure many advertising platforms would be interested in hearing more about the potential. Trying to go this road alone is going to be tough. Partnering with an advertising shark would gain immediate attention, add credibility and validation to what he's accomplished to date.
A small piece of a huge successful pie is much better than the whole enchilada of a terrible pie.
BTW, welcome back.
All IMHO>
D
Agreed, still holding, still adding.
There is a reason they are adding quality members to the team!
Go CVSL.
D
Those watching L2 realize that when Vert shows up atop the Ask (with 5k shares showing) but doesn't move despite adequate buying, well that has been the MO for months now of more shares hitting the market.
With the TA gagged again, it is a bit disturbing.
D
Right, I was also thinking about Byron Capital, whom ENZR cut the strings with last year.
Was it Dundee that ENZR parted ways with a while back?
Nice bump today, will it continue?
Unfortunately, he does and has been selling to all takers.
IMHO
FYI helped you out with them 5's today, so you could get them 6's. Lol
Good morning By, I read regularly but as you know, prefer the background here. Picking up 20's when I can.
GLTU
D
Vert pulled back to 7, wants bid support to step up, looks like might give us some slack.
Except Vert on the Ask showing 1x5k but hiding rest. Wonder what that means?
Like a light switch. LOL
Crowded at 4, support building, traders/flippers sitting at 6. 5's looking a lot safer now.
L2 shows 1x.23/5k ETRF, are you TSX?
GLTU
D
Hard to forget a yellow dog.
Bow Wow
Been adding some here and there in the 20's too.
GLTA
D
No worries, us morons need to stick together! LOL.
Risk, good to see you too. Just try to keep it as real as possible.
D
When youthful exuberance becomes disrespectful, I guess I don't take it well.
BTW, how youthful are you if you use a sippy cup? LOL.
GLTA
D
It's been really hard to track real time activity as the company doesn't disclose those transactions except through FS filings and TA updates. Even then, they don't define the specific use of funds when they do tap financing resources.
I don't believe 100 mil shares at todays s/p discounted by 50% will garner the funds needed, not even close. We're talking less than $10k at 3 day bid of .002 if they financed at peak.
IMHO
D
Please don't spill your morning coffee. LOL.
D
Well, history shows that when Shiva speaks, people listen and sell. Modified behavior here would be a breath of fresh air.
Of course, IMHO.
Could be, but history tells me that bills aren't paid till they have to. Need year 2 audit complete first. If it is paid for how was it paid?
They will have to sell more shares to pay for it.
R3,I agree that Tivus has an opportunity not generally afforded a Pinkie startup. The ability to provide and work with a Fortune 500 company is rare for such a developing stage company. I'm sure that part of the process has been to test the resolve, resourcefulness and resiliency of Tivus. Can they act and walk like a preferred provider?
Meager revenues will start to show with 2011 FS (should be audited) with reality showing itself in Q1 and Q2 2012.
As you say, it is time to put up or shut up in the next few months.
GLTU
D
Please do your DD, they actually started talking about it in 2010. LOL
Actual research, you must be kidding. I'm just a newbie who wants to make a quick buck. I just say stuff because I want to and feel like it and sometimes I just make $hit up.
Unfortunately, they are not OTCQB, so the fluff and stuff continues.
Very well said.
2010 done, waiting on 2011 audit.