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Orofino Gold Corp. (ORFG)
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 ton in veins up to one meter 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'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.
Pure gold is too soft for ordinary use and is hardened by alloying with silver, copper, and other metals. Gold performs critical functions in computers, communications equipment, spacecraft, jet aircraft engines, and a host of other products. Gold is used in restorative dentistry especially in tooth restorations such as gold crowns and gold bridges.
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
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.
Gold production from the entire peninsula accounts for over 25% of China's annual gold production, presently estimated to be 288 tons or 9.3 M ounces. Gold deposits in the belt are commonly controlled spatially by fault zones. To the south of the property, the Pengjiakuang Gold Deposit (>650,000 oz) occurs in the same structural environment within Cretaceous Laiyiang conglomerates which underlie the Song Jiaguo Property.
Gold has the symbol Au and atomic number 79. Gold is the most malleable and ductile metal known; a single gram of gold can be beaten into a sheet of one square meter, or an ounce into 300 square feet. A soft metal, gold will readily form alloys with many other metals. Gold is used as a monetary standard for the International Monetary Fund (IMF).
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.
For more information about Majestic Gold Corp please visit http://www.majesticgold.net
ClearOne (NASDAQ:CLRO) announced the promotion of industry veteran Michael Braithwaite to Chief Strategy Officer (CSO) responsible for creating, executing and sustaining strategic initiatives within the company. Braithwaite joined ClearOne in 2009 through the acquisition of NetStreams, and has previously served as the company's Senior Vice President of Technology. In his new role, he will lead ClearOne's long-term planning, including the formulation, development and implementation of revenue generating strategies and policies.
ClearOne Communications, Inc. operates as a communications solutions company that develops and sells audio conferencing, collaboration, streaming media and connectivity systems and other related products for audio, video, and Web applications.
Cutera, Inc. (Nasdaq:CUTR) announced its CE Mark approval and European launch of the Excel V laser system. The Excel V laser system is a next-generation vascular workstation designed specifically for the core market of dermatologists and plastic surgeons. Kevin Connors, President and CEO of Cutera, said, "We are pleased with the recent CE Mark approval and are excited to be able to commence our launch of the Excel V vascular laser to the European market."
Cutera, Inc., a medical device company, engages in designing, developing, manufacturing, marketing, and servicing laser and other light-based aesthetics systems for practitioners worldwide.
Cms Bancorp, Inc. (Nasdaq:CMSB) announced results for the three months ended March 31, 2011 which reflect net income of $40,000, or $.02 per share, in 2011, compared to a net loss of $35,000, or $0.02 per share, in 2010. President and CEO John Ritacco commented that "despite continued high prepayments in our mortgage portfolio, we continue to see favorable demand in the non-residential and commercial loan sectors where we experienced net loan growth of $5.8 million in the three month period ended March 31, 2011."
CMS Bancorp, Inc. operates as the holding company for Community Mutual Savings Bank that provides various retail banking services to individuals and small businesses primarily in Westchester County and the neighboring areas in New York State.
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