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Majestic Gold Corp. (MJS.V)
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 one of the rarest elements on earth and is considered as the most precious of all precious metals. Gold is an ancient metal of wealth, commerce and beauty. The combination of gold's relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity. It is most probably the oldest precious metal known to man.
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.
For more information about Majestic Gold Corp please visit http://www.majesticgold.net
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Medical Action Industries Inc. (NASDAQ:MDCI) announced that it will hold a conference call to present its financial results for the quarter and year ended March 31, 2011 on Wednesday, May 25, 2011 at 10:00 a.m. (ET). Paul D. Meringolo, Medical Action's President and CEO further advised that our results of operations for the quarter ended March 31, 2011 are scheduled to be released on Wednesday, May 25, 2011 before the market opens. A conference call will be conducted by Mr. Meringolo and Mr. Charles L. Kelly, Chief Financial Officer, to discuss Medical Action's financial results.
Medical Action Industries Inc. develops, manufactures, markets, and supplies disposable medical products primarily in the United States.
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Power-One Inc. (Nasdaq:PWER) announced the launch of its redesigned AURORA UNO-2.0 single phase string inverter. The new-look 2.0kW inverter is Power-One's smallest residential inverter and is an excellent choice for the average roof top installation. A new design and new features, such as a special built-in heat sink compartment and a front panel user interface, were only some of the benefits the new device offers.
Power-One, Inc. designs, manufactures, and markets power conversion and power management solutions for the renewable energy, communications infrastructure, and other high technology markets.
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Archipelago Learning Inc. (Nasdaq:ARCL) will host our First Investor Conference on Thursday, May 26, 2011 beginning at 8:00 a.m. EDT. The event will be webcast live and can be accessed on our website at investor.archipelagolearning.com.Please visit the website at least 15 minutes prior to the call to register for the webcast and download the presentation slides as well as any necessary software.
Archipelago Learning, Inc., together with its subsidiaries, operates as a subscription-based online education company in the United States and Canada.
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