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The Beard Company (BRCO) announced on Monday September 21th that Geohedral LLC, a private company in which Beard has a 23.16% equity interest, has expanded its holdings of mining claims in the Yakutat Forelands district of south-eastern Alaska to encompass 521 new claims (10,420 acres). The additional claims are located in the Tanis Mesa area and are contiguous to the 48,000-acre block that Geohedral staked and claimed last year (the "BlackSands Area").
Dr. P. Jan Cannon, Manager and President of Geohedral, reported: "At least 400 of the new claims are considered to be potential 'pay dirt,' and are underlain with an unconsolidated placer deposit that averages more than six feet in thickness and may average more than 12 feet in thickness. Thirty holes were dug or drilled across a widely spaced grid of points, with a spacing of one-half mile, across the central part of the staked area. Depth of the holes ranged from 2.5 feet to 27.1 feet below the surface. The 171 samples from these holes were assayed for gold, silver, platinum and palladium."
"An additional 30 shallow holes, mostly three to six feet in depth, were dug with a closer spacing of points in two selected parts of the widely spaced grid north and south of Tanis Mesa. These holes produced an additional 71 samples that were also assayed for gold, silver, platinum and palladium. Ten samples from the 30 holes were assayed for a suite of 14 elements. They provided a test of the previous assay values and an indication of the larger potential of the placer material." The company has been in an uptrend since the news was released. In the last trading session, the stock closed at $9.50. The company reached a new 52 week high at $13.00 on double the average trading volume.
American Lithium Minerals Inc. (AMLM) is pleased to announce the appointment of Mr. Hugh Aird as Vice President of Business Development. Mr. Aird, former Vice-Chairman of Merrill Lynch Canada, has joined American Lithium Minerals and will head up further Merger and Acquisitions pursuits for the company. Since graduating from Harvard University, Mr. Aird has held numerous top level executive positions throughout the financial industry. He will now work closely with American Lithium Minerals management and the board of directors to help develop and execute the company's growth strategy. "My research tells me that Lithium is the next explosive growth sector and after researching many of the companies in this space I feel very confident that American Lithium Minerals is the best positioned," stated Mr. Aird. "The vast opportunities available for American Lithium Minerals during this all important positioning phase of the rapidly escalating Lithium and Rare Earth minerals industry are exciting to me and I look forward to helping in any way I can.” We could not be more pleased with Mr. Hugh Aird's decision to join our outstanding management team," said Matthew Markin, President of American Lithium Minerals. "Hugh's tremendous Business Development and Investment Banking experience will be instrumental in ensuring American Lithium Minerals continues to maintain a leadership position." In the prior trading session, the stock closed at $1.21. The company hit $1.35 today on above average trading volume.
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