Orofino Gold Corp. (ORFG.PK) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold is pleasde to report 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. Mr. Pernett will be responsible for all affairs of Orofino Gold 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 Orofino Gold’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, 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.
Exploration Potential – La Azul and San Carlos ProgramsSenderos 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.
Douglas Lake Minerals (OTCBB:DLKM) is pleased to announce that the Commissioner for Minerals of Tanzania has confirmed the recording in the Central Register the transfer of 100% shares of each of the Prospecting License Nos. 6742/2010, 6743/2010, 6744/2010 and 6779/2010 from IPP Gold Limited to Douglas Lake Minerals Inc., and that such transfer has been duly recorded on the terms and conditions contained in such Prospecting Licenses. These Prospecting Licenses, which cover an area of approximately 800 square kilometers, form Douglas Lake’s recently acquired Handeni Project.
As previously announced, Douglas Lake Minerals has requested a geologist to prepare a Technical Report on the Handeni Project in accordance with the provisions of National Instrument 43-101 (”NI 43-101?) of the Canadian Securities Administrators. Upon receipt of the Technical Report Douglas Lake Minerals will file it on SEDAR.
The Handeni region has historically seen small-scale artisanal workings, which originally allowed explorers to focus on the Magambazi prospect. Today the region is recognized to be one of the prime exploration targets for gold mineralization in Tanzania. IPP Gold Limited, the former owner and now a Douglas Lake Minerals shareholder, performed extensive work on the area over several field seasons dating back to 2005. This work included geologic mapping, rock and soil sampling, trenching, ground magnetic surveys, as well as a large airborne magnetic and radiometric survey performed by the Council for Geoscience of South Africa. All geochemical analytical work was conducted by internationally accredited and independent laboratories – SGS Laboratories and Humac Laboratories, in Mwanza, Tanzania.
Based on the prior work conducted in the area, Douglas Lake Minerals believes that certain portions of its Handeni Project possess excellent potential for shear-hosted economic gold vein mineralization. Douglas Lake is preparing a Technical Report on the Handeni Project in accordance with the provisions of NI 43-101 of the Canadian Securities Administrators, which management believes should be approved and released before the end of the 2010.
Douglas Lake Minerals is an emerging mineral exploration company focused on exploring mining opportunities in Tanzania.
Webster Financial Corp. (NYSE:WBS) announced it surpassed $1 billion in Health Savings Account (NYSE:HSA) deposits. The announcement further supports the findings of HSA Bank's June 2010 Consumer Benchmark Survey that HSAs are a mainstream healthcare option. "We have seen the popularity of HSAs skyrocket with employers and consumers in 2010 and entering 2011," said Kirk Hoewisch, president of HSA Bank. "But reaching $1 billion is an important milestone for the HSA industry as well as HSA Bank."
HSA Bank is a division of Webster Bank, N.A. Member FDIC, the wholly-owned subsidiary of Webster Financial Corporation.
RPM International Inc. (NYSE:RPM) reported on that on a pro-forma basis, improvements were realized in net sales, net income and earnings per share for its fiscal 2011 second quarter ended November 30, 2010. Prior-year pro-forma results assume that the deconsolidation of its Specialty Products Holding Corp. (OTC:SPHC) and subsidiaries, which eliminated approximately $300 million in annual revenues from the company's industrial segment beginning June 1, 2010, occurred before fiscal 2010.
RPM International Inc. engages in the manufacture, marketing, and sale of various specialty chemical products to industrial and consumer markets worldwide. The company operates through two segments, Industrial and Consumer.
Hospitality Properties Trust (NYSE:HPT) announced that its board of trustees has declared the regular quarterly dividend on HPT's Series C Cumulative Redeemable Preferred Shares. A distribution of $0.4375 per Series C preferred share is payable on or about February 15, 2011, to holders of record at the close of business on January 31, 2011.
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels.
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