Majestic Gold Corp. 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, Majestic released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic 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.
Majestic Gold Corp. is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
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
- 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.
Majestic continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.
The geological and technical information contained in this news release has been reviewed and approved by Greg Mosher, P. Eng, of Wardrop Engineering, and Mike Hibbitts, P.Geo., who are qualified persons under the definitions established by National Instrument 43- 101.
To learn more about Majestic visit: http://www.majesticgold.net
Plains Exploration & Production Company (NYSE:PXP) announced on Tuesday November 23, 2010 it will hold a special meeting of its stockholders on December 30, 2010, to vote on the issuance of common stock to Plains Exploration & Production Company in connection with McMoRan’s proposed acquisition of PXP’s.
Plains Exploration & Production Company (PXP) is an independent oil and gas company engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States.
Rackspace Hosting, Inc. (NYSE:RAX) announced on Monday November 29, 2010 that Lanham Napier, president and chief executive officer, was named one of the Top 100 Most Influential Executives in the Industry by Everything Channel’s CRN. Since arriving at Rackspace, Napier has been largely credited by Rackspace’s management team with keeping the company steady and setting it on its current path to profitability and success.
Rackspace Hosting, Inc. (Rackspace Hosting) operates in the hosting and cloud computing industry. The Company offers its products under the Fanatical Support brand.
Administaff, Inc. (NYSE:ASF) announced that its board of directors has approved a quarterly cash dividend of $0.13 per share. The dividend will be paid on Dec. 13, 2010, to all stockholders of record as of Nov. 26, 2010. Administaff is the nation’s leading professional employer organization (NYSE:PEO), serving as a full-service human resources department that provides small and medium-sized businesses with administrative relief.
Administaff, Inc. (Administaff) is a professional employer organization (PEO) that provides a Personnel Management System encompassing a range of services, including benefits and payroll administration, health and workers’ compensation insurance programs.
MusclePharm Corporation (OTCQB:MSLP)
MusclePharm Corporation announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MSLP's growing portfolio of products.
MSLP expects to achieve over $4 million in sales for the full year of 2010, which is over 300% growth compared to the same period last year. The rapid growth and strong customer demand for the MSLP products has created back orders for 5 of the 12 months in 2010. The new fulfillment agreement is expect to greatly improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
MSLP's President, Cory Gregory stated, "This fulfillment agreement will reduce the cost and delivery time for all product shipments to our many retail and online customers. In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand."
Mr. Gregory continued, "With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order. However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."
To learn more about MSLP visit: http://www.musclepharm.com
Signup for FREE Daily Stock Alerts From CRWEFinance.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWEFinance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEFinance.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://crwefinance.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.Crown Equity Holdings Inc. (OTCPK:CRWE) has received twenty-five thousand dollars in cash from a third party for (thirty) days of advertising for Majestic Gold Corp, TSX Venture Exchange (TSX.V:MJS) and the Frankfurt Stock Exchange (FSE:MJT). Crown Equity Holdings Inc. (OTCPK:CRWE) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for 30 (thirty) days of advertising for MusclePharm Corporation (OTCQB:MSLP).