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Silver America (OTCBB: SILA) $1.43. Announced on May 5th the Company's acquisition of the Guadalupe Property silver and gold project in Zacatecas State,
The property contains two historic mines and is located in one of
Roughly 6.8 miles to the southwest of Silver America's Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc. According to an NI-43-101 compliant resource estimate prepared for MAG, the JV has an indicated resource average grade of 879 g/t silver, or roughly two times the grade of Fresnillo's other producing mines in the region, making the project's Valdecañas Vein one of the world's highest grade undeveloped silver resources.(2)
Silver America can earn a 90% interest in the property by making escalating payments over four years totaling $900,000 and 1,000,000 shares; as well as spending $2 million in exploration expenditures.
PRODUCTION & NEIGHBORS
The Guadalupe Property is currently processing 3 to 4 tonnes of ore per day from one of five known veins on the property at a depth of only 30 meters, and this is expected to continue until the Company has completed the purchase of the property at a maximum of 1,500 tonnes per year (~4 tonnes per day). This ongoing work should greatly aid exploration by allowing Silver America to better understand the property's mineralization.
The property is completely surrounded by land controlled by Peñoles (either through Fresnillo plc or other subsidiaries and partners). Peñoles is the world's top producer of refined silver, and the leading Latin American producer of refined gold.(1) According to the Fresnillo website, ongoing exploration at the Fresnillo (Proaño) Mine, roughly 5 miles south of the Guadalupe Property, resulted in a 4.3% increase of the mine's resources in 2008, from 32.6 million tonnes at 486.5 g/t of silver, to 34.0 million tonnes at 538 g/t of silver.(3)
"The Guadalupe Property is ideal for our first international precious metals project," stated President of Silver America, Johannes Petersen. "Between being in a proven region, surrounded by major industry players, and having access to established infrastructure and local mining expertise, we feel very positive about this project and its location within the borders of one of America's closest trading partners."
What They Do: Silver America, Inc. is a precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich silver and gold production potential. Based in Reno, Nevada, Silver America has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information on the Guadalupe Property in
OriginOil (OOIL) $25. Today announced that industry leader MBD Energy Limited has become the company's first algae-producing customer. Anglo American, one of the world's largest mining companies, is a cornerstone investor in MBD Energy.
The parties recently signed a Memorandum of Understanding on a multi-phase commercialization program under which OriginOil will supply MBD Energy, an Australia-based company, with its Quantum Fracturing and Single-Step Extraction™ systems. Andrew Lawson, Managing Director of MBD Energy, said: "We are delighted to become OriginOil's first major customer and we look forward to working with the OriginOil team to forge a comprehensive commercial relationship with game-changing potential in the exciting third-generation biofuels space."
What They Do: OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum.
Entech Solar (OTCBB: ENSL) $0.175. Today announced that it will host a conference call at 11:00 a.m. Eastern on May 17, 2010 to answer questions on the Company’s first quarter 2010 results with those participating on the conference call. The Company’s first quarter 2010 press release will be issued after the market closes on May 14, 2010. The telephone number for the conference call is 866-356-4279 domestically and 617-597-5394 internationally, with conference ID #21648396.
What They Do: Entech Solar, Inc. is a leading developer of renewable energy technologies and sustainable daylighting solutions for the commercial, industrial and utility markets.
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