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Siga Resources Inc (OTCPK:SGAE)
Siga Resources Inc announced that Siga has come to an agreement with Big Rock Resources Ltd. whereby the two companies will develop the Lucky Thirteen gold placer claim under a 50/50 joint venture.
Big Rock Resources Ltd. (1BR.F, ISIN CA0894851066, WKN A1JJYB www.bigrockresources.com) has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production. The partners will operate Lucky Thirteen under a Joint Venture company, Lucky 13 Mining Company Ltd., owned 50/50 by Siga and Big Rock. Lucky 13 Mining Company Ltd. will be the operator. Siga has already secured the initial operating permits for the necessary rail crossing and initial test mining. Siga is currently constructing the washing and initial process plant to be used in the evaluation program. Siga's President Ed Morrow said that "Siga is most pleased to have Big Rock Resources as a Joint Venture Partner. The combined power of the partnership will facilitate the rapid development of a production operation at Lucky thirteen."
Gold is a good conductor of heat and electricity, and is not affected by air and most reagents. Heat, moisture, oxygen, and most corrosive agents have very little chemical effect on gold, making it well-suited for use in coins and jewelry; conversely, halogens will chemically alter gold, and aqua regia dissolves gold.
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
Please Visit Siga Resources Inc website http://sigaresourcesinc.com
Fluor Corporation (NYSE:FLR) will give a presentation to investors at the Credit Suisse 2011 Engineering & Construction Conference in New York on Thursday, June 2 at 9:00 a.m. Eastern Daylight Time. A live webcast of this presentation will be available at http://investor.fluor.com. A replay will be available shortly after the conclusion of the live presentation. If you have any questions regarding this webcast, please contact Fluor's Investor Relations department at 469-398-7189 or email@example.com.
Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, maintenance, and project management services worldwide. Its Oil & Gas segment offers design, engineering, procurement, construction, and project management services to upstream oil and gas production, downstream refining, chemicals, and petrochemicals industries.
Goodrich Corp. (NYSE:GR) has appointed Richard Ingram as president of its Engine Control and Electrical Power Systems business unit. Ingram, formerly vice president of Primary Flight Controls and Machining Strategy for Goodrich's Actuation Systems business, will report to Curtis Reusser, segment president, Electronic Systems. Ingram replaces Bob Yancey who is retiring.
Goodrich Corporation supplies aerospace components, systems, and services primarily in the United States, Canada, Europe, and the Asia Pacific. It operates in three segments: Actuation and Landing Systems, Nacelles and Interior Systems, and Electronic Systems.
Goodrich Petroleum Corp. (NYSE:GDP) the Board of Directors has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock for the 2nd Quarter of 2011. The dividend will be paid on June 15, 2011 to stockholders of record as of June 1, 2011.
Goodrich Petroleum Corporation, an independent oil and gas company, engages in the exploration, exploitation, development, and production of oil and natural gas properties in east Texas and northwest Louisiana.
HONDO MINERALS CORP (OTCPK:HMNC)
Hondo Minerals Corporation is engaged in the acquisition of mines, mining claims and mining real estate in the United States, Canada and Mexico with mineral reserves of precious metals or non-ferrous metals.
Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. The Tennessee Mine was the largest producing silver mine in Arizona history. The Tennessee Mine operated from the late 1800's until 1947 producing lead, zinc, gold and silver. The Company also owns numerous other mining claims in the US Southwest, which are being evaluated for additional reserves.
Zinc coatings were applied by hot dip galvanizing. This involves dipping prepared steel in molten zinc. This was done mainly with fabricated steel or with sheets of steel, many of which were profiled to produce the ubiquitous 'corrugated iron'. The first development from this was the production of continuous strip steel with a galvanized coating. Refinements of this process today account for the greatest part of the total tonnage of steel carrying zinc coatings.
HONDO MINERALS CORP (OTCPK:HMNC) is pleased to announce that it has just acquired over $500,000 dollars of additional E-Leech equipment for its Tennessee Mine production facility.
William R. Miertschin Chairman and CEO of Hondo Minerals says, "This purchase a long with the $2.4 million dollars of previously announced equipment demonstrates our continued efforts to invest real dollars in this project to increase shareholder value."
Mr. Miertschin went on to say, "All of this newly acquired equipment will allow the company the ability to reach its production and revenue targets 6 to12 months ahead of schedule, and with the advanced technology of E-Leech Hondo Minerals is posed to set new standards while obtaining optimum results from its exclusively licensed mining process."
E-Leech technology is a patent pending process that creates a leaching process without the use of hazardous chemicals such as cyanide at its Tennessee Mine processing plant.
Toxic chemicals previously used such as Hydrochloric and Nitric Acid are replaced with a water-based and pH adjusted medium to leach precious and base metals from mine tailings that is safe to humans and the environment.
Electrochemical processes are used to generate pH levels low enough to leach metals such as Gold, Silver, Zinc and Rare Earths into a solution for recovery at an extremely low cost per ton.
For more information please visit: http://www.hondominerals.com
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