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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.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. (OTCBB:CRWE) just recently announced that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com ) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, “We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.”
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
One Internet advertising benefit is always that, since internet spans the entire planet, pockets of one’s target audience is scattered worldwide, can be targetted at once, instead of trying to find different publications, radio stations and tv stations that focus on a particular geographical area.
Bristol-Myers Squibb Company (NYSE:BMY) announced that the companies have entered into a clinical collaboration agreement to evaluate the utility of BMS-790052, Bristol-Myers Squibb’s NS5A replication complex inhibitor, in combination with PSI-7977, Pharmasset’s nucleotide polymerase inhibitor, for the treatment of chronic hepatitis C virus (HCV). This proof of concept study will evaluate the potential to achieve sustained viral response 24 weeks post treatment with an oral, once-daily treatment regimen in patients across HCV genotypes. Specifically, the study will assess the safety, pharmacokinetics and pharmacodynamics of BMS-790052 in combination with PSI-7977, with and without ribavirin, in treatment-naïve patients chronically infected with HCV genotypes 1, 2, and 3. The study is planned to start in the first half of 2011.
Bristol-Myers Squibb Company, a global biopharmaceutical company, engages in discovering, developing, and delivering medicines that help patients prevail over serious diseases.
Macy's, Inc. (NYSE:M) announced the creation of a one-of-a-kind program covering the business of fashion. The Workshop at Macy’s. Setting the stage for retail business innovation, The Workshop at Macy’s aims to nurture and grow the next generation of minority and women-owned retail talent. The Workshop is the latest evolution of Macy’s long-standing commitment to vendor diversity and to providing customers with unique goods and services that meet their lifestyle.
Macy’s, Inc., together with its subsidiaries, operates department stores and Internet Websites in the United States. The company’s retail stores and Websites sell a range of merchandise, including men, women, and children apparel; and accessories, cosmetics, home furnishings, and other consumer goods.
Talisman Energy Inc. (NYSE:TLM) announced its capital spending plans for 2011. The company expects 5-10% production growth this year. Cash spending on exploration and development is expected to be relatively unchanged at around US$4 billion, maintaining capital discipline in an uncertain commodity price environment. Through reshaping the portfolio in 2010, maintaining a balance between natural gas and liquids opportunities, and high grading to a more profitable asset base, Talisman has entered a new phase of sustainable value-creating growth.
Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids primarily in North America, the United Kingdom, Scandinavia, and Southeast Asia.
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