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Majestic Gold Corp. (TSX-V:MJS) recently announced 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. 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.
China has a long history of gold production. As early as 1091 BC, gold was legalized as money (as an alternative to silk), circulating in little squares. Hebei province, one of the main mining areas, claims production for over three thousand years. The Zhao Yuan mine in Shandong province has been worked for over a thousand years; other Shandong mines date from the 17th century.
After more than a century on the throne, South Africa has been deposed as the world's biggest producer of gold, with its estimated 2007 output, of 272 tonnes, falling just short of the 276 tonnes of the yellow metal produced by the new number one, China. While Chinese gold production increased by an estimated 12% year-on-year, South African mines produced 8% less gold than in 2006, according to precious metals consultancy GFMS's 'Gold Survey 2007 - Update 2'.
Compared to other countries, China's resource sector is relatively underdeveloped. A historical lack of investment capital and new technologies has prevented many of its quality properties from being fully explored or developed. China is now establishing an open policy to encourage foreign investment in gold exploration and mining. In March 2003, the National Development and Reform Commission (NDRC) was formed and soon established new regulations for exploration and mining licenses similar to those of Australia and North America.
By December 2003, the Chinese State Council published "China's Policy on Mineral Resources". The overall objectives of the policy are to: depend on and encourage the exploitation and exploration of China's own mineral resources; increase China's domestic capability of mineral resource supply; import foreign capital and technology; and, to help Chinese mining enterprises and mineral products enter the international market. In mid 2003 the Shanghai Gold Exchange was also established, operating as a free-market forum for gold trading and pricing.
Sirius XM Radio (Nasdaq: SIRI) recently announced that it will provide comprehensive coverage of the 2011 golf season, offering more live play-by-play than any other TV or radio broadcaster and giving listeners nationwide access to the full schedule of events featuring the world’s best golfers.
SiriusXM will broadcast live play-by-play of the 2011 PGA TOUR season, featuring THE PLAYERS Championship (May 12-15 from TPC Sawgrass, FL), and all four major championship events — the Masters (April 7-10 from Augusta National Golf Club, GA), the U.S. Open Championship (June 16-19 from Congressional CC, MD), The Open Championship (July 14-17 from Royal St. George’s GC, Kent, England) and the PGA Championship (August 11-14 from Atlanta Athletic Club, GA).
SiriusXM’s coverage will also include the PGA TOUR Playoffs for the FedExCup: The Barclays (August 25-28 from Plainfield CC, NJ), Deutsche Bank Championship (September 2-5 from TPC Boston, MA), BMW Championship (September 15-18 from Cog Hill GC, IL) and THE TOUR Championship presented by Coca-Cola (September 22-25 from East Lake GC, GA).
Sirius and XM listeners will have access to hole-by-hole coverage every day of tournament play for each event, as well as expert analysis on the PGA TOUR Network channel, the only radio channel dedicated to professional golf.
Live tournament coverage and the PGA TOUR Network channel are available to all XM subscribers and to Sirius subscribers who purchase the “Best of XM” programming package, and are available nationwide on XM channel 146 and Sirius channel 209.
Play-by-play coverage of the U.S. Open Championship will air on ESPN Radio, Sirius channel 120 and XM channel 140.
Sirius and XM listeners will also be able to access live tournament play-by-play and the PGA TOUR Network channel online at www.sirius.com and www.xmradio.com as well as on the Apple iPhone, iPod Touch, BlackBerry and Android-powered mobile devices using the SiriusXM Premium Online App.
Avnet Inc. (NYSE:AVT) appointed two IT industry veterans to executive roles within its IBM and HP Solutions Groups in North America. Gale Brown will serve as vice president of services, IBM Solutions group; and Phyllis McCullagh has been named vice president of field sales, HP Solutions group. With more than 50 years of combined industry experience, both join Avnet with strong backgrounds in channel sales and services.
Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems worldwide. The company operates in two segments, Electronics Marketing and Technology Solutions.
NeuStar, Inc. (NYSE:NSR) announced the availability of its one-day porting turnkey service for small-to-medium-sized operators. This new technology solution, Neustar PortXpress(NYSE:SM), utilizes an innovative and secure cloud-based architecture that enables operators to reduce the interval for port requests to just one business day, enabling them to meet the Federal Communications Commission's (FCC's) new one-day number porting requirements by the January 31, 2011, deadline without system modification or new capital investments.
NeuStar, Inc. provides technology and directory services to its communications service provider (carrier) and non-carrier, commercial business customers. The company also offers technology services upon which its carrier and enterprise customers rely to manage a range of technical and operating requirements.
Sonoco Products Co. (NYSE:SON) announced that Allan McLeland has been promoted to vice president, Human Resources, effective January 1, 2011, according to Harris E. DeLoach Jr., chairman and chief executive officer. McLeland, 44, will replace Cindy Hartley, senior vice president, Human Resources, who is retiring effective March 1, 2011. In this new position, McLeland will have global responsibility for the Company’s Human Resources efforts, including staffing, organizational development, diversity, employee relations, compensation and benefits. He will join the Company’s Executive Committee and report to DeLoach.
Sonoco Products Company provides industrial and consumer packaging products, and packaging services in North and South America, Europe, Australia, and Asia. It manufactures round and shaped composite paperboard cans; single-wrap paperboard packages; fiber cartridges; monolayer and multilayer bottles and jars; monolayer, coated, and barrier and non-barrier laminated tubs, cups, consumer, and institutional trays, metal, and plastic containers; and flexible packaging.
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