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Orofino Gold Corp. (ORFG)
Orofino's strategy to become a recognized player in the Colombia mining sector began with the acquisition of the La Azul/La Estrella property in the Senderos de Oro region of Colombia; a Northern extension of South America's highly mineralized Andes Mountain Range. Development of this property has included acquisition of concessions for the surrounding lands, including adding the San Carlos and Culo Alzado properties, detailed analysis of historic geological and cultural records of the area, and regular mineral analysis of newly obtained resource samples. In addition, Orofino has acquired a database comprised of exploration and mining results from previous operators who left as a result of pre-21st century regional civil and economic instability.
Gold is used in connectors of audio, video, and USB cables. In addition, fine gold wires are used to connect semiconductor devices to their packages. Other industry uses of gold include making thread for embroidery, special reflective layers on CDs, and insulation for automobiles. In photography, gold toners are used to alter the color of prints.
Orofino Gold Corp. has begun opening various exploration adits and vertical shafts in the Culo Alzado mining area. These exploration shafts are within the same boundary area where geochemical anomalies were noted in the report by Robert P. Shaw, P.Geo, prepared in 1995 and recently released by Orofino, as well as the recently released technical report by Thomas H. Carpenter, P.Geo, prepared on behalf of Orofino Gold Corp.
The shafts are being developed along vertical veins roughly oriented on a northeast trajectory. They are in close proximity to nearby excavation projects artisanal miners have been successfully developing for more than 30 years. Initial work on these still-shallow areas has revealed vertical, mineralized veins of gold deposits. Early results from samples taken from the adits have shown in excess of 10 grams of gold per tonne in veins up to one metre in width and open at depth. These promising shallow-depth results indicate the potential for higher grades of mineralization at deeper depths along the same axis. Orofino expects to provide further information from these early-stage explorations as information becomes available.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Xfone, Inc. (AMEX:XFN) announced that it will host a conference call on Tuesday, May 17, 2011 beginning at 10:00 a.m. Eastern Time, to discuss its financial results for the first quarter ended March 31, 2011. XFONE invites all interested parties to join management's discussion of the Company's financials, corporate progression and other meaningful developments.
Xfone, Inc., through its subsidiaries, offers a range of communications services. It delivers local telephony service to its customers through an ‘on-net’ UNE-L connection, including voice mail, caller ID, forwarding, 3-way calling, blocking, and PBX services.
Iteris, Inc. (AMEX:ITI) a leader in traffic management focused on the development and application of advanced technologies, will conduct an earnings call on Thursday, May 26, 2011 at 4:30 p.m. EDT (1:30 p.m. PDT) to discuss its operating results for the fourth fiscal quarter ended March 31, 2011. Financial results will be issued in a press release after the close of the market on the same day. Iteris' chief executive officer, Abbas Mohaddes, and chief financial officer, Jim Miele, will host the presentation, followed by a question and answer period. To listen to the live webcast or view the press release, please visit the investor relations section of the Iteris website at www.iteris.com. A webcast replay of the call will be available until 5 p.m. PDT on June 9, 2011. A telephone replay of the call will also be available after 7:30 p.m. Eastern time, dial 1-877-870-5176 begin_of_the_skype_highlighting 1-877-870-5176 end_of_the_skype_highlighting and enter replay pin number 4440702. The replay will be available until June 9, 2011.
Iteris, Inc. operates in the traffic management market that focuses on the development and application of advanced technologies that reduce traffic congestion, and improve the safety of surface transportation systems infrastructure. Iteris, Inc. was founded in 1969 and is headquartered in Santa Ana, California.
Brigus Gold Corp (AMEX:BRD) announced it has made improvements to two proxy items proposed at its Special and Annual Meeting of Shareholders on May 27, 2011 in Halifax, Nova Scotia. These two proxy items are Proposal 3 to approve the Company's Amended Stock Option Plan ("Amended Plan") and Proposal 4 to approve continuance of the Company from the Yukon Business Corporations Act to the Canada Business Corporations Act and adoption of the new by law.
Brigus Gold Corp engages in the extraction, processing, refining, and production of gold and other byproduct metals. It produces gold, silver, lead, and zinc. The company was founded in 1936 and is based in Greenwood Village, Colorado.
Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Majestic Gold Corp. announced that Wardrop, A Tetra Tech Company, ("Wardrop") has completed and delivered a positive Preliminary Assessment ("PA" or "Preliminary Assessment") for the Songjiagou Gold Project located in Shandong Province, People's Republic of China.
Highlights are as follows:
-- Net Present Value of US $525 million using a 10% discount rate.
-- Internal Rate of Return of 78.6%.
-- Payback in 1.4 years.
-- Total gold production of 2.324 million ounces (average 105,645 oz/yr) for life-of-mine.
-- Life-of-Mine strip ratio 1.87: 1 (waste to ore).
-- Mine-Life of 22 years.
The Preliminary Assessment provided by Wardrop has exceeded their expectations and would form the basis for their continued development of the Songjiagou project.
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue too much lower levels in the system.
GOLD is a metallic element and has as chemical symbol Au. GOLD is one of the rarest elements on earth and is considered as the most precious of all precious metals. GOLD is beautiful, GOLD is golden-yellow, which makes it naturally equate with the sun. Gold is a memorable metal that occupies a special place in the human mind.
For more information about Majestic Gold Corp please visit http://www.majesticgold.net
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