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Afternoon Company Highlights - Revenues Up at Terremark And Possible Gold Deposit Results From Minco Gold - MGH, TMRK

|Includes: Terremark Worldwide, Inc. (TMRK)

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Minco Gold Corporation (AMEX:MGH) recently repoted the results from the 2010 exploration program consisting of geochemical, geophysical and trenching programs that have been completed or are in progress on the Company's 100% owned Yejiaba property, part of the Longnan Project, located in Gansu Province, China.

The 2010 program was designed to follow-up the significant poly-metallic mineralization identified during the 2009 exploration program along the 10 kilometre long regional structural trend. The follow-up program consists of geological mapping, geochemical sampling and geophysical surveys over the southeast side of the polymetallic mineralization zones discovered in 2009 program (please see the map from the Company's website). A limited IP geophysical survey was completed over the mineralized showings that were previously discovered. The geochemical soil sampling highlighted numerous gold anomalies over an area of 700 metres long by 150 metres wide. The anomalies are open along strike to the east. Within the gold geochemical anomalies, geological mapping identified areas of mineralized boulders within a wide zone of faulted limestone. Trenching of these anomalous areas identified sheared and hydrothermally altered host rocks and intrusive dykes.

A trenching program was conducted to follow up the gold soil anomaly. Channel sampling from trenches returned gold values ranging from 0.12 to 5.58 g/t Au over widths from 1.7 to 10.2 metres. The channel sample results are highlighted as follows:

-- 5.58 g/t Au over 4.7 metres.
-- 3.56 g/t Au over 4.3 metres.
-- 1.63 g/t Au over 2.0 metres.

With the discovery of the gold mineralization, the originally planned IP geophysics program was expanded over the newly discovered gold zone. IP geophysics program was expanded to ensure that the geophysical coverage extended over the newly discovered gold zone. The final interpretation of the ground magnetic and IP surveys are pending.

Minco Gold Corporation, a mining company, through its subsidiaries, engages in the acquisition, exploration, evaluation, and development of mineral properties in the People's Republic of China and Canada. The company primarily explores for gold deposits, as well as for iron, silver, lead, zinc, and other base metals. It owns 16 gold properties covering approximately 1,000 square kilometers of mineral rights.

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Terremark Worldwide, Inc. (NASDAQ:TMRK), reported its results for the quarter ended September 30, 2010.

The company’s results for the quarter include revenues of $84.9 million and EBITDA, as adjusted, of $22.9 million. Based on its strong results over the first half of the fiscal year and high degree of visibility, the company is increasing its fiscal year guidance for revenues to range from $350.0 million to $353.0 million and EBITDA, as adjusted, to range from $100.0 million to $102.0 million.

Bookings were $37.7 million for the quarter ended September 30, 2010
Income from operations for the six months ended September 30, 2010 was $11.0 million
67 new customers were added in the quarter, bringing the total number of customers to 1,401

Terremark Worldwide is a leading global provider of IT infrastructure services delivered on the industry’s most robust and advanced technology platform, including managed hosting, colocation, disaster recovery, security, data storage and cloud computing services.

 

 

 

 

 

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