Armistice Resources Corp.
(AZ:TSX)
Snapshot of Armistice Resources Corp. (AZ)
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OPEN
C$0.20
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PREVIOUS CLOSE
C$0.20
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DAY HIGH
C$0.25
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DAY LOW
C$0.20
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52 WEEK HIGH
02/25/09 - C$0.31
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52 WEEK LOW
12/3/08 - C$0.05
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MARKET CAP
19.2M
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AVERAGE VOLUME 3 mo
65.8K
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DILUTED EPS TTM
C$-0.0091
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SHARES OUTSTANDING
76.6M
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AZ Does Not Pay Dividends
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P/E TTM
NM
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BUSINESS EXCHANGE RELATED TOPICAllianz | |||
AZ Details
Armistice Resources Corp. engages in the acquisition, exploration, and development of gold properties in Canada. It holds a 75% interest in McGarry Township, which consists of 31 mining claims and 3 licenses of occupation in Virginiatown, Ontario. The company was formerly known as Armistice Resources Ltd. and changed its name to Armistice Resources Corp. in April 2006. Armistice Resources Corp. was incorporated in 1984 and is based in Toronto, Canada.
AZ Top Compensated Officers
Key developments for Armistice Resources Corp. (AZ)
Armistice Resources Corp. announced the beginning of a significant exploration drilling program at the McGarry Project. In addition to testing the extension of the existing mineralized package, this drilling program will also test for possible new parallel structures. Following completion of the NI 43-101 compliant Technical Report dated 8 April 2009 and filed on SEDAR (the 'Technical Report'), work on the project has continued towards meeting the recommendations as set out in the report. Recent work has focused on the recommendation to continue to build the computer based geological database and the petrographic, mineralogical and structural knowledge to improve understanding of the controls on gold mineralization. To this end, all the historical drill logs have been reviewed in detail, selected historical holes have been re-logged and rock units re-interpreted in light of current understanding. This re-interpretation is providing improved clarity to the overall interpretation of the complex geological package. Based on this review work, an exploration drilling programme has been planned to (1) define the potential between surface and the 1250 Level; (2) to continue the detailed definition of gold zones identified on the 2250 and 2050 Levels with close spaced short holes; and (3) to test the geological package south of the workings where a number of very encouraging gold showings and drill intersections close to surface are reported in the historical record within altered volcanic rocks.
Armistice Resources Corp., Annual General Meeting, Nov 11, 2009, at 16:00 US Eastern Time. Location: 66 Wellington Street West, Suite 3600, Toronto, ON, M5K 1N6,Canada. Agenda: To receive the consolidated financial statements of the company, together with the auditors' report thereon, for the fiscal year ended June 30, 2009; to elect directors to serve until the next annual general meeting; to appoint auditors to hold office until the next annual general meeting at a remuneration to be fixed by the Board of Directors; and to transact such other business as may properly come before the meeting or any adjournment thereof .
Armistice Resources Corp. reported the results of an independent review from consultants Scott Wilson Roscoe Postle Associates Inc. confirming the exploration potential on the McGarry gold project at depth for 'Kerr Addison type mineralization.' The McGarry gold project adjoins to the west of the past producing (11 million ounces at 0.25 oz/ton gold average) Kerr Addison Mine property. The Project Review confirms that 'Armistice has identified a mineralized system at a depth of 2,200 feet on the McGarry Project which is similar to that of the adjacent Kerr Addison property.' Scott Wilson RPA supports Armistice's plans to commence with a $2 million drill program. The program will include: Shallow drilling from surface to test the area west and east of the shaft from surface to the 1,250 level where relatively little drilling has been done in the past; Deep drilling from surface to test the potential for Kerr Addison type mineralization at a depth of about 5,000 feet below surface; One 2,000 foot underground hole from the 2,250 level to test below an area of numerous surface showings and shallow drilling which returned anomalous gold values. According to Scott Wilson RPA, previous drilling between 2,250 ft and 5,000 ft was wide spread and the proposed deep drilling should also give extensive additional stratigraphic information to Armistice. The Project Review is complementary to the positive 43-101 compliant Technical Report including the scoping study received from Python Mining Consultants Inc., which projects an initial capital cost for mine development of $15 million.
Stock Quotes
| Recently Viewed | |||
| AZ (CA) | C$0.25 CAD | +0.055 | |
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| SCHW | $18.25 USD | -0.06 | |
| AET | $28.40 USD | -0.29 | |
| NAB (AU) | A$28.35 AUD | -0.34 | |
| DAL | $7.62 USD | +0.03 | |
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AZ Competitors
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Industry Analysis
| Valuation | AZ | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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AZ transactions
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Private Placement
July 31, 2009 |
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