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Orofino Gold Corp. (ORFG.PK)

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.

La Azul - Senderos de Oro Area

La Azul is one producing artesanal mine in the Senderos de Oro area controlled by ORFG, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.

It has been interpreted (by Shaw 1993) that the metallogenic zonation around the La Azul workings evokes a very viable "hidden porphyry" exploration model. This interpretation and the prospectivity of the area have been confirmed by the ORFG "qualified person" as per the 43-101 rules.

ORFG will move ahead aggressively in the last quarter of 2010 to persue the current interpretations, work programs and drilling will begin soon.

Exploration Potential – La Azul and San Carlos Programs

Senderos de Oro Area

Geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul.

The observed metallogenic zonation around Senderos de Oro evokes a very viable "hidden porphyry" exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent "fast-trackable" bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets.

La (Mina) Azul/La Estrella

  • Assays of copper-gold samples ran in excess of 40g/t gold, and contain up to 8% copper, bornite and cholcopyrite.
  • The interpretation and the prospectivity of this concession has been confirmed by an ORFG Qualified Person (as described by the 43-101 compliant standard).
  • The area is the site of economic mining activity and it is unlikely that the true grade of gold mineralization has been determined by the crude benefication methods employed by the resident miners.
  • The existing process of using mercury amalgamation to collect the free gold after grinding, followed by cyanide leach of the crushed material would not, for example, liberate gold tied up in the sulphides.

San Carlos - Senderos de Oro Area

Geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul.

The observed metallogenic zonation around Senderos de Oro evokes a very viable "hidden porphyry" exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent "fast-trackable" bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets.

dlkm_logo

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.

More about DLKM at: www.douglaslakeminerals.com

Ryland Group Inc. (NYSE:RYL) has declared a fourth-quarter dividend of $0.03 per share, payable on January 31, 2011, to common stockholders of record on January 15, 2011.
The Ryland Group, Inc., together with its subsidiaries, operates as a home building and mortgage-finance company in the United States. The company’s operations cover various aspects of the home buying process, including design, construction, and sale. It offers single-family detached homes; and attached homes, such as town homes, condominiums, and mid-rise buildings, as well as sells land and lots.

W&T Offshore Inc. (NYSE:WTI) announced that its Board of Directors on December 10, 2010 declared a special cash dividend of $0.66 per share, payable to the holders of the Corporation's common shares. The special dividend will be payable on December 29, 2010 to shareholders of record on December 21, 2010.
W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico. It has interests in approximately 77 producing fields in federal and state waters; leases covering approximately 0.6 million net acres in the outer continental shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama; and interests in approximately 288 structures.

AerCap Holdings N.V. (NYSE:AER) announced that it had entered into several debt facility agreements totaling $366 million. Four separate facilities totaling $291.3 million providing debt financing for a total of ten aircraft have been provided by Private Export Funding Corporation, which benefits from the guarantee of the Export Import Bank of the United States, DBS Bank of Singapore and Chinatrust Commercial Bank of Taiwan, DVB Bank, and Norddeutsche Landesbank Girozentrale.
AerCap Holdings N.V., through its subsidiaries, operates as an integrated aviation company worldwide. The company engages in leasing and trading aircraft and engines, and selling parts. It also provides aircraft management services, as well as aircraft and limited engine MRO services, and aircraft disassembly services through its repair stations.

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