Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine. As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (”Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
The most significant changes from the previous estimate are: Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes; Increase in Indicated contained gold by 24.09% to 1,244,211 ounces; Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes; and Increase in Inferred contained gold by 7.48% to 1,830,576 ounces. The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
COUV, Corporate Universe Inc., COUV.PK
COUV’s team offers guidance in mergers and acquisitions, reverse takeovers and extensive expertise in the regulatory processes to access capital markets.
The company also work closely with selected strategic partners to develop and execute funding strategies to accelerate growth. Mutual relationships of trust have always been the key to COUV and its network of partners.
John Ahearn, President, stated, “In a few short weeks we have made great strides in getting our company reorganized and moving forward. I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen. As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space. COUV management and the Mina Mar Group Mergers and Acquisition Division will be meeting to discuss potential business opportunities and candidates in the near future.”
More about COUV at www.corp-universe.com
The Kroger Co. (NYSE:KR) announced that Paul Scutt, Senior Vice President, Retail Operations, will retire in late February 2011 after a distinguished 45-year career with the company. "Paul has been a driving force behind Kroger's safety, productivity, and cost control improvements," said David B. Dillon, Kroger's Chairman and Chief Executive Officer. "Under Paul's leadership, the company has significantly reduced employee accidents, improved management of product shrink and other operating costs, and instituted process changes that have allowed Kroger to invest in its Customer 1st strategy." "Paul has been an important leader in our company and his influence on our business operations will be felt for many years to come," noted Rodney McMullen, President and Chief Operating Officer of Kroger. "He led us in creating solutions that allow Kroger to operate safer and more efficient stores."
The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for sale in its supermarkets. It operates supermarkets in various formats.
Brown & Brown, Inc. (NYSE:BRO) announced that Brown & Brown of Indiana, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Mavum Consulting, LLC and Mavum Risk Management, LLC.
Brown & Brown, Inc., together with its subsidiaries, operates as a diversified insurance agency, wholesale brokerage, insurance programs, and service organization in the United States. Its Retail segment provides various insurance products and services to commercial, public and quasi-public entity, professional, and individual customers.
Skechers U.S.A., Inc. (NYSE:SKX) a global leader in the footwear industry and the number two footwear brand in the United States*,announced an unprecedented, worldwide, multi-platform marketing and brand partnership for Shape-ups with Kim Kardashian and Kris Jenner. Kim and Kris will be the faces of the campaign which launches in 2011 and includes multiple mediums of advertising, in-store and social media, a "Shaping Up With The Kardashians" challenge, and other exciting elements that will be unveiled at a near future date. This "Shaping Up With The Kardashians" mother-daughter fitness challenge between Kim and Kris will encourage consumers to begin their own Shapeups fitness challenges. "My mom and I are thrilled to be joining the SKECHERS family to help promote health and wellness," said Kim Kardashian. "Shape-ups have already impacted my fitness routine for the better. I am always on-the-move and never know exactly when I can fit in my next workout. SKECHERS Shape-ups help me get the most out of every step."
Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. The company offers various products comprising casuals, such as boots, shoes, and sandals for men, and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals; relaxed fit for men; lightweight for men; sandals; and casual fusion under the Skechers USA brand name.
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