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By admin - In Uncategorized - At Nov 30, 10 12:11 PST -28800

 

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Majestic Gold Corp. (TSX-V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.

As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (”Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.

Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.

Orofino Gold Corp. (PINK OTC: ORFG) (”Orofino Gold” or the “Company”) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.

The company is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.

Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. (see full resume on the company website at www.orofinogold.com)

Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.

The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.

The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wish him well and success in future endeavors.

Chemtura Corp. Common Stock(NYSE: CHMT) announced that Stephen Forsyth, Executive Vice President and Chief Financial Officer, will present at the 2010 Citi Basic Materials Conference at Citigroup, 388 Greenwich St., New York City, on Tuesday, November 30, 2010, at 2:30 p.m. (ET). Mr. Forsyth will be accompanied by Laurence Orton, Vice President of Finance and Investor Relations for Chemtura. Mr. Forsyth’s presentation and access to a live webcast will be available on November 30 under Presentations and Webcasts in the Investor section of Chemtura’s Web site at www.Chemtura.com.
Chemtura Corporation, together with its subsidiaries, engages in the manufacture and sale of specialty chemical solutions and consumer products worldwide. The company’s Consumer Performance Products segment provides recreational water purification products, such as sanitizers, algaecides, biocides, oxidizers, pH balancers, mineral balancers, and other specialty chemicals and accessories; and specialty and multi-purpose cleaners.

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) announced the monthly distributions declared on the common shares of two of its closed-end equity funds (the “Funds”). The record date for the distributions is November 23, 2010, and the payable date is November 30, 2010. The ex-date is November 19, 2010. The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE:EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $180.7 billion in assets as of September 30, 2010, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company’s long record of providing exemplary service and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today’s most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.
Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Rampart Investment Management. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across the diversified sectors. The fund invests in growth stocks of mid-cap and large-cap companies.

International Tower Hill Mines Ltd. (AMEX:THM) announce the results from the latest 30 holes completed in its 55,000-metre Summer 2010 Livengood Exploration Program. The Summer 2010 program is focused on the conversion of the existing NI 43-101 indicated and inferred resources to the measured and indicated categories through infill drilling, as well as step-out resource expansion and mine development-related engineering and environmental testing. The Company is currently operating seven drills at Livengood.
International Tower Hill Mines Ltd. engages in acquiring, exploring, and evaluating mineral properties in Alaska and Nevada. It explores primarily for precious and base metal deposits, including gold, silver, and copper properties. The company was formerly known as Tower Hill Mines Ltd. and changed its name to International Tower Hill Mines Ltd. in March 1991. International Tower Hill Mines Ltd. was founded in 1978 and is headquartered in Vancouver, Canada.

 

 

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