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Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
ORFG is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. See full resume on ORFG's website.
Mr. Pernett will be responsible for all affairs of ORFG in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
ORFG and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, ORFG ’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. ORFG wish him well and success in future endeavors.
Douglas Lake Minerals is focused on exploring for gold on its two strategically located properties – the Handeni Gold Project and the Mkuvia Alluvial Gold Project.
The 800 square kilometer Handeni is located directly adjacent to Canaco’s highly prospective Handeni Gold Project (CAN.V). The 380 square kilometer Mkuvia alluvial gold property is being developed by joint-venture partners.
Douglas Lake Minerals (OTCBB:DLKM) has provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania.
Douglas Lakes’ is 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc’s (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
Douglas Lake Successfully Delineates Structural Controls on Gold Mineralization in the Four Handeni Project PLs
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 the Company’s property area, with a total length of 143km, are given first order priority.
These shear zones and their distances within the Company’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.
The Company 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.
More about DLKM at: www.douglaslakeminerals.com
CardioNet, Inc. (Nasdaq:BEAT) announced that it has successfully completed its previously announced acquisition of Biotel Inc. for $4.055 per share of Biotel common stock. The aggregate purchase price is approximately $11.6 million. With the completion of the acquisition, Biotel and CardioNet have filed to dismiss the outstanding litigation between the two companies with the United States District Court. Joseph H. Capper, President and Chief Executive Officer of CardioNet, said, “We are excited to complete the acquisition of Biotel. We are looking forward to expanding our product offerings with Biotel’s wireless event monitor as well as diversifying our revenue with the addition of the manufacturing and clinical services businesses.”
CardioNet, Inc. provides ambulatory, continuous, and real-time outpatient management solutions for monitoring relevant and timely clinical information regarding an individual's health in the United States. It focuses on diagnosing and monitoring cardiac arrhythmias or heart rhythm disorders.
Energy Recovery, Inc. (Nasdaq:ERII) announced that it has completed delivery of 25 ERI TurboCharger energy recovery devices for the largest seawater reverse osmosis (SWRO) desalination plant in the world. Energy Recovery Inc, through its acquisition of Pump Engineering, has supplied the AT-7200 TurboChargers to Hyflux Ltd., the company that has designed, built and will operate the plant located in Magtaa in northwestern Algeria. The facility will be producing 500,000 m3/day of clean, potable water.
Energy Recovery, Inc. develops, manufactures, and sells energy recovery devices and pumps primarily for use in seawater and brackish water desalination worldwide. The company sells its products under the trademarks of ERI, PX, PEI, Pressure Exchanger, PX Pressure Exchanger, Pump Engineering, and Quadribaric.
Smith & Wesson Holding Corporation (Nasdaq:SWHC) announced that it has named Jeffrey D. Buchanan as Executive Vice President, Chief Financial Officer and Treasurer. Buchanan, 55, has been a member of the Company's Board of Directors and Chairman of the Audit Committee since 2004.Effective with the appointment on January 3, 2011, Buchanan resigns his position as a member of the Smith & Wesson Board of Directors. I. Marie Wadecki, currently a member of the Board of Directors, now joins the Compensation Committee and Barry M. Monheit, Chairman, assumes the role of Interim Audit Committee Chair while a search commences for a new Audit Committee Chair.
Smith & Wesson Holding Corporation (SWHC) provides products and services for safety, security, protection, and sport in the United States and internationally. It designs and constructs facility perimeter security solutions for military and commercial applications, and delivers a broad portfolio of firearms and related training to the military, law enforcement, and sports markets.
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