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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 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 is a soft metal and is usually alloyed to give it more strength. The most common gold compounds are auric chloride (AuCl3) and chlorauric acid (HAuCl4). A mixture of one part nitric acid with three of hydrochloric acid is called aqua regia (because it dissolved gold, the King of Metals). It is unaffected by air and most reagents.
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
REX American Resources Corporation (NYSE:REX) will release financial results for its fiscal 2011 first quarter ended April 30, 2011 on Wednesday, June 1 before the market opens. The Company will host a conference call and webcast that morning at 11:00 a.m. ET.
REX American Resources Corporation engages in the production and sale of ethanol and distillers grains. It also leases real estate properties. REX American Resources Corporation was founded in 1980 and is headquartered in Dayton, Ohio.
Assured Guaranty Ltd. (NYSE:AGO) announced that Dominic Frederico, President and Chief Executive Officer, is scheduled to present at the Deutsche Bank 2011 Global Financial Services Investor Conference at The Pierre Hotel in New York City on Wednesday, June 8, 2011 at 8:05 a.m. Eastern Time. A link to a webcast of the presentation and a downloadable slideshow will be made available shortly before the presentation begins on the Company's website at www.assuredguaranty.com/presentations. In addition, a replay of the event will be available on the Company's website through August 8, 2011.
Assured Guaranty Ltd., through its subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets in the United States and internationally.
Horace Mann Educators Corp. (NYSE:HMN) the Board of Directors has announced a quarterly dividend of 11.0 cents per share payable on June 30, 2011 to shareholders of record as of June 13, 2011. The company was founded in 1945 and is based in Springfield, Illinois.
Horace Mann Educators Corporation, through its subsidiaries, markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance in the United States.
American Video Teleconferencing Corp. (OTCPK:AVOT)
According to the American Video Teleconferencing Corp, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
Bastnasite is widely consumed as it is a major source of feed for downstream recovery of the individual Rare Earth elements. It also is the key ingredient to an exceptional line of polish products. High performing polish compounds made from bastnasite can be used on optical glass, mirrors, telescopes, silicon microprocessors, hard disk drives and cameras (etc). Bastnasite can also be used in television faceplates and glass melts in light bulbs for ultraviolet shielding and de-coloring as well as for sulphur-getting in alloying agents.
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. American Video Teleconferencing Corp is normally known for its business and efforts of exploration in Rare Earth Elements.
American Video Teleconferencing Corp. recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp. (DeBeers) in Africa and Benguet Cons. in the Philippines.
Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
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