ON WITH THE SHOW............
ENA.V... A PREVIOUS PIG LONG TERM PICK. BROKE OPEN TODAY WITH SUBSTANTIAL NEWS ON A COMPANY ACQUISITION. INSTANTLY BRINGING IN 100 MILLION IN REVENUE AND A PIG PREDICTION OF THE $2 RANGE IN THE NEAR TERM. A LONG TERM HOLD ON THIS CHOICE CHOP MAY BRIONG THE HIGH MULTIPLES THAT ONCE EXISTED FOR IT. A GOOD BUY SAYS THE PIG !
OPW.V...THREE BIG SCANS OF THE NIGHT. THIS WAS THE FIRST. NO STORY FOR THE PIG AS YET. JUST SOME SERIOUSLY HIGH NUMBERS IN 8 OF 10 AREAS. IMPROVEMNTS IN MOVING AVERAGES, NET CAPITAL INFLOW AND SENTIMENTS ESPECIALLY. THE PIG SAYS ACCUMULATION HAS RESUMED SO THERE MUST BE SOMETHING ELSE IN THE WIND. KEEP A NOSE ON THE SMELL. LIQUIDITY AND MOMENTUM CONSIDERED, TAKE A FEW FOR THE SHORT TERM.
PNN.V...ANOTHER ONE FOR THE BOOKS. DEFINATE ACCUMULATION, DISTRIBUTION AND SENTIMENT INDICATORS ON HIGH. THE PIG SAYS THIS IS STILL LOW ENOUGH FOPR A QUANTUM GAIN IN THE SHORT TERM. MONEY FLOWING IN FOR A REASON, FOLLOW THE SMART MONEY THE PIG SAYS.
Yale Samples 333.4 g/t Silver and 0.52 g/t Gold over 90 cm at Los Amoles Property
4/15/2010 9:00:04 AM - Business Wire
VANCOUVER, British Columbia, Apr 15, 2010 (BUSINESS WIRE) --
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report the first results from the wholly owned 1,630 hectare (or 16.3 square kilometre) Los Amoles Property, located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is approximately 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
This initial field program -- consisting of only 25 samples -- concentrated within the Mina Rosales area, which measures approximately 3.0 kilometres by 1.1 kilometres and contains greater than 30 historic workings. These workings exploited a series of at least 12 sub-parallel northeast trending veins and vein-sets. One of the principle workings in the area, the Rosales mine, has a greater than 100 metre deep shaft and a drift that is greater than 70 metres long. The Mina Rosales area coincides with a regional magnetic anomaly. In addition, the entire area forms a large colour anomaly, which is indicative of the oxidation of metals.
As with many projects in Mexico that have seen small scale production from high grade veins, most of the historic workings have mineralized dumps located nearby. The quickest method of evaluating an area is to sample these dumps as they tend to be the low-grade material that has been left behind. At Los Amoles within the Mina Rosales area, Yale personnel sampled mineralized dumps from 16 workings within an area measuring 1.0 by 2.5 kilometres. The mineralization within the dumps is characteristic of epithermal veins with varying percentages of sulphides consisting primarily of pyrite and arsenopyrite with some locations containing local chalcopyrite and sphalerite. Below are the highlights of the 16 samples:
Type Description Au Ag Pb g/t g/t %Mineralized dump Dump # 1 - northermost working within Rosario area 0.13 109.8 0.90Mineralized dump Dump # 2 - 200 m southeast of Dump # 1 0.30 333.1 1.83Mineralized dump Dump # 4 - 250 m southeast of Dump # 1 0.29 176.6 0.54Mineralized dump Dump # 6 - 300 m southeast of Dump # 1 0.43 301.0 1.06Mineralized dump Dump # 9 - 850 m southeast of Dump # 1 0.83 190.4 0.36Mineralized dump Dump # 12 - 1.8 km to the southeast of Dump # 1 0.65 450.7 0.25Mineralized dump Dump # 13 - 1.8 km to the southeast of Dump # 1 0.38 287.4 0.15Mineralized dump Dump # 16 - 2.2 km to the southeast of Dump # 1 0.23 188.0 0.90
Note: samples are composite samples from three 20cm deep holes within each mineralized dump and includes all fine and coarse material from within those holes. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property. Yale's interpretation is that the Rosales area represents silver-lead +/- gold, +/- copper/zinc veins that are distal to a porphyry system.
Additional potential within the Rosales area is demonstrated by widely spaced samples consisting of altered and mineralized andesitic host rocks that are in contact with structures and/or veins. The highlights of the nine samples returned the following results:
Sample Type Width Description Au Ag Pb (m) g/t g/t %49801 Channel 1.50 Strongly fractured andesite with milimetre quartz veinlets and iron 0.06 18.3 0.62 oxides throughout49809 Channel 0.90 Silicified porphyritic andesite with fine grained sulphides 0.52 333.4 0.6149813 Channel 1.00 Silicified-argillic altered andesite within working with strong 0.14 31.5 1.88 oxidation and fresh fine grained pyrite49823 Channel 1.00 From within small working - argillic altered andesite with quartz 0.56 231.6 0.04 stockwork and oxides throughout49827 Channel 1.30 From within small working 30 m deep - altered andesite with quartz 0.17 56.1 2.76 veins up to 5 cm wide.
Ongoing work:
A field crew is currently preparing to return to the Los Amoles property. Historic maps show at least three other areas with historical workings within the remainder of the property. These areas will be investigated during subsequent field programs.
In addition, detailed mapping and follow-up sampling will be undertaken within the Mina Rosales area.
TSX Venture acceptance: The TSX Venture Exchange has approved the purchase of a 100% interest in the Los Amoles property by paying $227,500 payable as 3.5 million shares to a private individual. These issued shares will have a hold period until August 13, 2010. Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods. Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101. The Los Amoles property is an early stage project that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Teledata to Merge With Enablence's System Division
4/15/2010 8:57 AM - PR Newswire
HERZLIYA, Israel, April 15, 2010
Teledata Networks, a leading global provider of innovative Multiservice Access solutions for Next Generation Networks, has signed a definitive agreement ("Agreement") to merge with Enablence Technologies Inc. (TSX-V: ENA), a leading supplier of fiber-to-the-premises (FTTP) equipment and advanced optical components, for $50M in cash, notes payable and shares, subject to certain approvals.
Under the terms of the Agreement, Teledata will merge with Enablence's Systems Division to create a stronger player in the Fiber-to-the-Premises (FTTP) market. The combined company will be strategically positioned to leverage global reach, technology leadership and deep market expertise to better serve both Enablence and Teledata customers and capture new business opportunities in established and emerging markets around the world.
Both Enablence and Teledata address the needs of telecom service providers to move to a unified communications infrastructure based on Ethernet and IP protocols, with complementary markets, customer bases and technology. The combined company will have in-house all current and emerging communications technology options for optical and copper based access networks, including POTS, E1/T1, xDSL, GPON, GE-PON, Active Ethernet Optical and 10G PON.
Enablence's Systems Division is a recognized leader in FTTP solutions that address the exploding need for bandwidth with its TRIDENT7 and MAGNM platforms. The TRIDENT7 all-optical universal access platform for the international market is the only platform currently available that supports all three leading ITU and IEEE fiber access standards - GPON, GE-PON and Active Ethernet. The MAGNM product line for the North American market is designed to deliver traditional telephone communications standards, as well as GPON and Active Ethernet optical network standards, from the same platform. Enablence's geographical reach is focused on advanced economies in North America, Europe, Asia-Pacific and Latin America.
This technological horsepower complements Teledata's BroadAccess platform -- a leading Multiservice Access Platform (MSAP) that was designed for the international market capable of handling traditional voice, copper-based broadband services such ADSL2+ and VDSL2, and fiber based services such as GPON and Active Ethernet.
Enablence will benefit from being able to offer its existing customers Teledata's xDSL and multiservice capabilities, as well as from Teledata's strong market position supplying Tier 1 service providers in emerging international markets where it currently does not have a significant presence.
The combined company will remain focused and committed to Teledata's Multi-Service Access Platform market and to the ongoing development and support of Teledata's BroadAccess product family. Teledata will benefit from Enablence's strength as a public company with a healthy balance sheet and will be able to expand its customer base with Enablence's state-of-the-art optical access technologies.
"Through this merger, we are strengthening our commitment to the market," said Eran Ziv, CEO of Teledata. "As part of Enablence, we can dramatically boost both our addressable market and product diversity to better serve our customers' needs with advanced optical technologies like GPON and Optical Active Ethernet. By combining forces with such an established leader in FTTP technologies, we can incorporate the most advanced optical capabilities into our BroadAccess platform much faster than independent development would have allowed us to do."
"The combined company will have the critical competitive mass and stability to meet the needs of service providers and network operators in established and emerging markets around the globe, including Tier 1 operators with millions of subscribers," added Tim Thorsteinson, the incoming CEO of Enablence. "We will have more than $100 million in annual revenues, over 600 customers in 75 countries and a healthy balance sheet. With no redundancies in our businesses, the combined company will be able to leverage its strengths quickly and achieve profitability in the near-term with minimal operational disruption. For all of our valued customers and partners, it will be business as usual under the shared leadership of existing management from both companies."
About Enablence Technologies Inc.
Enablence Technologies Inc., (TSX-V: ENA) a publicly traded company headquartered in Ottawa, Canada, designs, manufactures and sells optical components, subsystems and systems to a global customer base.
Enablence's Systems Division has an expanding fiber-to-the-premise (FTTP) product portfolio featuring a variety of architectural options. It enables service providers to evolve their access networks from traditional copper-based networks to advanced optical communications access networks that are based on state of the art IP and Ethernet standards, for triple-play voice, video and data services including HDTV, IP Telephony and ultrafast internet access. The Division's network equipment has been deployed with 420 service providers world-wide that serve over 4 million subscribers.
Enablence's Optical Components and Subsystems Division is a global leader in applying Planar Lightwave Circuit (PLC) technology to integrate multiple components into a single optical chip to reduce footprint and costs. Network and equipment designers around the world turn to Enablence for a variety of components and subsystems for access, metro and long-haul, including transceivers, splitters, waveguides, optical channel monitors, multiplexers, ROADMs, switches, tunable dispersion compensators, and photodiodes. The Division serves over 120 system and subsystem developers and its products have been integrated in all major communications networks world-wide, serving tens of millions of subscribers.
About Teledata Networks
Teledata Networks is a leading global provider of innovative Multiservice Access solutions for Next Generation Networks. The company provides unique solutions for telecom operators and service providers to enable them to provide advanced triple-play services and migrate their network to NGN.
Teledata Networks has accumulated a wide installed base, spanning millions of lines in over 55 countries worldwide, many of which are Tier-1 services providers. Its 27 years of experience have yielded outstanding technological leadership, a high level of expertise and a strong foundation of intellectual property.
Teledata Networks is a private company, in which the major shareholders are the Kardan group (Euronext: KARD), Elron Electronic Industries (TASE: ELRN) and Infinity Venture Capital Fund. Learn more about Teledata Networks at http://www.teledata-networks.com.
For further information contact: Enablence Technologies Inc. Tim Thorsteinson, President and COO +1-613-270-7867 Teledata Networks Eran Ziv, CEO +972-9-959-1746
SOURCE Teledata Networks Ltd
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