Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China. On April 23, 2010, the company released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property.
At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study. A recently announced agreement will increase Majestic’s effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue to much lower levels in the system.
Chinese estimates of 1.7 million tonnes at 6.76 grams per tonne are reported from the high grade fault zones to depths of 250 metres. Mineralization remains open to depth and indications in drill holes are that it continues for over 100 metres down dips. Pilot mining by Muping Gold Mines at 120 tonnes per day accesses the ore from four underground levels.
The potential at Song Jiaguo lies at depth and in sub-parallel structures to the known resource which remain to be tested and in the low grade bulk tonnage potential within the matrix of the host conglomerates.
For More Information On Majestic Gold: www.majesticgold.net
PTS, Inc. (OTC.BB:PTSH) announced that through its ThinLine division it has signed a 3 year IT Services deal with United Power.
United Power is acknowledged experts on the resale of products especially suited for medium voltage power distribution, in addition to providing a wide portfolio of products for other aspect of the electrical utility business. United Power has been serving electrical utility Customers within Georgia continuously since 1976. They have developed a reputation for customer sensitivity, fair dealing and exceptional quality during this time.
United Power required an IT solution that would allow them to contact one source for all of their IT needs.
“United Power is a well-established and quality company that has been a leader in their field for decades” stated Raj Kalra CEO of PTS. “They were looking for a one stop shop that would be able to handle their IT, disaster recovery and hardware needs without making more than one phone call. ThinLine’s managed IT solution was designed for this task. We look forward to working with the team at United Power and I am always excited to add a quality client to our growing portfolio of managed It customers,” added Raj Kalra.
ThinLine IT provides CTO services and consulting, remote server and desktop support, disaster recovery, hosted exchange, software development, mobile application development and managed IT services.
Encore Energy Partners LP (NYSE:ENP) announced that it has entered into a definitive agreement to acquire Denbury Resources Inc.�s (�Denbury�) ownership interests in Encore Energy Partners LP (�ENP�) for $380 million. Following the closing of the transaction, Vanguard will own ENP�s general partner and 20,924,055 ENP common units, or approximately 46% of ENP�s outstanding common units. The transaction is expected to close on or about December 31, 2010.
Encore Energy Partners LP, together with its subsidiaries, engages in the acquisition, exploitation, and development of oil and natural gas properties. Its properties and oil and natural gas reserves are located in the Big Horn Basin.
ArvinMeritor Inc. (NYSE:ARM) announced that its joint venture, Xuzhou Meritor Axle Co. Limited (XMAL), plans to invest an additional $17.3 million to expand its manufacturing capability and add a new 26,000 square meter production facility. The new facility will be adjacent to XMAL�s existing 37,000 square meter facility in Xuzhou, China.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors.
Interline Brands Inc. (NYSE:IBI) announced that its previously announced offer to purchase for cash any and all of its outstanding 8 1/8% Senior Subordinated Notes due 2014 (the �Notes�) pursuant to the Offer to Purchase and Consent Solicitation Statement the Company issued a notice of redemption pursuant to the indenture governing the Notes (as amended and supplemented), stating that the Company will redeem all of the outstanding principal amount of the Notes not purchased in the Offer at a redemption price of 104.063% of the principal amount thereof plus accrued and unpaid interest to, but not including, the redemption date, which is January 3, 2011.
Interline Brands, Inc. operates as a direct marketer and distributor of maintenance, repair, and operations products in the United States, Canada, and Central America.
No comments:
Post a Comment