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Hemis Corporation (OTCBB: HMSO) Closed at $0.80. An international resource company with three exploration properties in Mexico and one in Alaska. Hemis' Santa Ritja property in Mexico has an Earn-In Agreement with Goldcorp Inc. (NYSE: GG) through Goldcorp's Mexican subsidiary Glamis Exploration.
Hemis is pleased to announce the first drill results from its El Tigre gold exploration project in eastern Sonora, Mexico. The project is currently undergoing an initial phase of diamond drilling.
The initial drill holes have been on its El Tigre breccia zone where surface sampling had revealed promising gold values over a broad area. Hole ELT-001 was drilled at an angle of -60 degrees. It cut a zone of silicified breccia containing pyrite from the surface to 85 meters.
For the interval from 42 to 70 meters the samples averaged 0.758 gr/T of gold. Because the geometry of the El Tigre breccia zone remains poorly constrained, it is uncertain if this 28 meter interval represents a true width.
Dr. Douglas Oliver, the chief geologist for Hemis Corporation, commented on the significance of the results, "Obviously, we are pleased. We have always been impressed with the potential of this project. To hit potentially ore-grade mineralization in the first hole exceeds our expectations."
In addition to the gold mineralization, molybdenum was encountered in a tourmaline granite. The interval from 16 to 32 meters averaged 0.033% Mo."This is quite surprising as we did not expect to see molybdenum at such a shallow depth," Dr. Oliver stated. "We knew there was potential for a moly porphyry at El Tigre but we didn't expect to find mineralization at such a shallow depth."
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StemCells, Inc. (Nasdaq: STEM) Closed at $2.46. Today announced that the Phase I clinical trial of its proprietary HuCNS-SC(TM) product candidate (purified human neural stem cells) has successfully completed enrollment of the low-dose cohort and will proceed to the high-dose cohort.
This trial is designed to evaluate the safety and preliminary efficacy of the HuCNS-SC product candidate as a treatment for infantile and late infantile neuronal ceroid lipofuscinosis (NCL), also often referred to as Batten disease. To date, three patients out of a planned total of six have been transplanted with HuCNS-SC cells.
A review of the trial data to date, conducted by an independent Data Safety Monitoring Committee comprised of experts in pediatric neurosurgery, pediatric neurology, solid organ transplantation, and genetics, has identified no safety issues that would preclude advancing the trial to the next dose level.
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Geron Corporation (Nasdaq: GERN) Closed at $7.94. And the Biotechnology Research Corporation (BRC) of Hong Kong today announced that Geron has increased its stake in their joint venture entity, TA Therapeutics Limited (TAT), from 50% ownership to 75% ownership.
TAT is a Hong Kong company that conducts research and develops therapeutics based on telomerase activator drugs to restore the functional and regenerative capacity of cells. BRC, a company established by The Hong Kong University of Science and Technology (HKUST), continues to hold the remaining 25% of the shares of TAT.
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Apple (Nasdaq: AAPL) Closed at $120.50. Today announced that iPhone(TM) will deliver significantly longer battery life when it ships on June 29 than was originally estimated when iPhone was unveiled in January. iPhone will feature up to 8 hours of talk time, 6 hours of Internet use, 7 hours of video playback or 24 hours of audio playback.* In addition, iPhone will feature up to 250 hours-more than 10 days-of standby time. Apple also announced that the entire top surface of iPhone, including its stunning 3.5-inch display, has been upgraded from plastic to optical-quality glass to achieve a superior level of scratch resistance and optical clarity.
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