Posts by 708

708 Capital is acting as lead broker to new IPO, Magnolia Resources

Download a copy of the report featured in small-cap heavyweight David Haselhurst’s, The Speculator. HERE

Silver company BMZ announced today it has engaged mine contractor, Groundhog LLC to begin mobilisation early next month. The company will begin rehabilitating the existing Lazcay tunnel before driving a new decline some 335m below the historic workings. From this decline, toher sublevels can be driven to confirm and mine additional ore shoots.

The rehabilitation and development is anticipated to take around 2 months with first ore to be mined by June. In addition to this, BMZ will commence a 10 hole/2,500 metre drill program to target an additional Induced Polarisation (IP) anomoly defined in a geophysical survey conducted by BMZ in 2011.

BMZ is an ASX listed pure silver player with 3 projects in Western USA. Please see the company website for more details: www.blackmountainresources.com.au

 

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AKK’s first Eagle Ford well, Krueger #1 has exceeded pre drill expectations, flowing at 95 BOEPD on a 24 hour test. This vertical only test will increase production significantly with further fracture stimulation. AKK is expecting to drill 2 new vertical wells on it’s Eagle Ford acreage over the coming months with the best of the 3 wells chosen for a multi-stage horizontal frac.