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.
To Learn more about this company please visit http://www.majesticgold.net/
GreenHouse Holdings, Inc. (OTCQB:GRHU) a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, recently announced the signing of multiple contract awards for its Life Protection (NYSE:LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
GreenHouse Holdings, Inc. is an integrator of some of the world’s most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link.
In additon, recently, Emissary Capital Group LLC Reaffirmed $7 price objective on GRHU.
To read the complete report, click here: http://pennyomega.com/img/GRHU_update_101810%20%282%29.pdf
Emissary Capital Group, LLC. is a New York City-based company that provides strategic consulting and research services to public emerging growth companies. The firm also provides a diversified array of services to small and medium sized private companies, generally defined as those with annual revenues under $200 million, in order to assist them to become publicly traded companies in the U.S
To learn more about GRHU visit: http://www.greenhouseintl.com
Lowe's Companies, Inc. (NYSE:LOW) announced it has agreed to sell $475 million of 2.125% Notes due 2016 and $525 million of 3.75% Notes due 2021. Estimated net proceeds from this offering will be approximately $994 million, after deducting offering expenses and underwriters’ discounts. Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and Canada.
The company offers a range of products for home decorating, maintenance, repair, remodeling, and property maintenance.
Greatbatch, Inc. (NYSE:GB) announced the appointment of Mauricio Arellano to lead the Company’s consolidated Greatbatch Medical business unit. The Greatbatch Medical brand develops medical technologies serving cardiac rhythm management, neuromodulation, vascular and orthopaedic markets.
Greatbatch, Inc. provides technology solutions for medical and industrial applications. The company operates in two segments, Greatbatch Medical and Electrochem Solutions. The Greatbatch Medical segment designs and manufactures systems, components, and devices for the cardiac rhythm management, neuromodulation, vascular access, and orthopaedic markets.
Nippon Telegraph & Telephone Corp. (NYSE:NTT) announced its participation in September’s 2010 Cyber Storm III, the Department of Homeland Security’s (NYSEARCA:DHS) biennial exercise series that simulates a large-scale cyber attack on critical infrastructure across the nation. NTT America’s engineering staff were in attendance at Cyber Storm and responsible for simulating the internet during the exercise. As one of the world’s largest IP network operators, the company also took on the role of representing all backbone operators and telecommunications companies.
Nippon Telegraph and Telephone Corporation and its subsidiaries provide telecommunications services to residential and business customers in Japan. The company offers fixed and mobile voice, IP/packet communications, system integration, and other telecommunications related services.
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