Fronteer Gold Inc (AMEX:FRG) announced on December 17, 2010, it has entered into an Asset Sale Agreement under which Paladin Energy Ltd. (ASX:PDN)(TSX:PDN)will acquire 100% of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold.Under the terms of the Agreement, Fronteer Gold will receive 52.1 million common shares of Paladin valued at C$260.87 million, calculated using the recent five-day volume weighted average price of Paladin common shares on the TSX. Upon closing, Fronteer Gold will be the largest Paladin shareholder at approximately 6.7%. Closing of the transaction is expected in the first quarter 2011 and remains subject to applicable regulatory approvals, including approval of the TSX.
Fronteer Development Group Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada, the United States, Mexico, and Turkey. The company focuses on gold, silver, copper, and uranium properties. As of March 29, 2010, it held interests in six mineral properties, including the Northumberland property in the northern Nye county, Nevada; Long Canyon property in Elko county, northeast Nevada.
Douglas Lake Minerals Inc. (OTC:DLKM)
DLKM is pleased to provide the results of the recent exploration program conducted on PLR PLR4973/2008, subsequently subdivided into four PL's (PL6742/2010, PL6743/2010, PL6744/2010 and PL6779/2010), based on the outcomes of the first phase of the continuous exploration program conducted since 2008. This exploration phase included a fixed-wing aircraft flown aeromagnetic and radiometric survey at a line spacing of 200m and a height of 80m, subsequent interpretation of data and ground follow-up. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa.
Interpretation of aeromagnetic data was successful in delineating prominent structural features including NW-SE shear zones of which five in DLKM's property area, with a total length of 143km, are given first order priority. These shear zones and their distances within DLKM's properties are: 1 - Southwestern shear zone (31km); 2 - Kimamba shear zone (41km); 3 - Kilima Mzinga - Kwandege main shear zone (28km); 4 - Mligazi shear zone (15km); and 5 - Magambazi - Mjembe (28km) shear zone. DLKM has identified three further key elements in the delineation of gold mineralization which includes the prominence of NE-SW lineaments (seven in total), the role of SW to NE thrust planes and the use of radioelements to outline potential target areas. Three major SW to NE thrusts planes were also identified: a main thrust zone of 46km; and two additional thrusts zones of 5km and 3km each. In addition to the key elements sheath folding, open folds (2km to 10km scale) and boudinage provide additional targets with a second order priority.
The position of regional gold mining activities, as well as known gold mineralization occurrences, were utilized to test the Company's developed model for locating gold mineralization and this approach proved to be successful. Following from this DLKM considers the Kilima Mzinga - Kwandege shear zone, with a distance of 28km in PL6742, PL6779 and PL6744 as one of their primary targets, substantiated by the artisanal mining activities along the northwestern and southwestern outcrop area of the shear. In addition to the shear component along the Kilima Mzinga - Kwandege shear zone, a considerable SW to NE thrust component acted along a 25km long stretch of the shear within DLKM's property adding to the gold mineralization potential of this zone based on the current model.
Douglas Lake Minerals Inc. offers gold mining and exploration services. DLKM is based in Surrey, Canada.
To learn more about DLKM visit: http://www.douglaslakeminerals.com
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. recently reported its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. CRWE incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE .
"Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business," commented Kenneth Bosket, President & CEO of Crown Equity Holdings Inc. "Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth," stated Bosket.
CRWE is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.
CRWE announced in June of this year its 1- 10 forward stock split, as well as in August announcing that CRWE had surpassed One Million dollars (1,000,000) in sales.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
To learn more about CRWE visit: http://www.crownequityholdings.com
Mag Silver Corp. (AMEX:MVG) announced an independent updated mineral resource estimate for the Juanicipio Property made by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) on behalf of MAG Silver. The Juanicipio property, located in the Fresnillo District, Zacatecas State, Mexico, is owned and operated by Minera Juanicipio S.A. de C.V., a Mexican incorporated joint venture company held 56% by Fresnillo plc and 44% by the Company. The updated mineral resource estimate is based on drill results available to September 8, 2010 and used methods similar to the previous estimate of March 2009. A National Instrument 43-101 technical report documenting the mineral resource estimate will be filed on SEDAR within 45 days.
MAG Silver Corp. engages in the acquisition, exploration, and development of mineral properties in the Mexican Silver Belt. It primarily holds 44% joint venture interest in the Juanicipio property; and 100% interests in Cinco de Mayo property and the Lagartos (NW and SE) property. The company was formerly known as Mega Capital Investments Inc. and changed its name to MAG Silver Corp. in April 2003.*********************
CEL-SCI Corp. (AMEX:CVM) announced it has received governmental approval from the Health Authority, Ministry of Health of Ukraine, to begin enrollment of subjects for a Phase III clinical trial of Multikine® in Ukraine. Multikine is the Company’s flagship immunotherapy developed as a first-line standard of care in treating head and neck cancer. Ukraine is one of nine countries to participate in this global Phase III trial. The Phase III trial will be run at about 48 clinical centers, of which about 6 centers will be in Ukraine.
CEL-SCI Corporation engages in the research and development of drugs and vaccines used in the treatment of cancer. Its lead product includes Multikine, which is under development for the treatment of cancer and is cleared for a Phase III clinical trial in advanced primary head and neck cancer patients. Multikine is a patented immunotherapeutic agent consisting of a mixture of naturally occurring cytokines, including interleukins, interferons, chemokines, and colony-stimulating factors.
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