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.
The revised resource is:
Category Tonnes(i) (g/t)(ii) Contained oz Au
Indicated 33,739,586 1.147 1,244,211
Inferred 38,812,054 1.467 1,830,576
(i)Calculations conducted using 0.30 g/t cut-off
(ii)Gold grades were capped at 40 g/t
The most significant changes from the previous estimate are:
– Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes
– Increase in Indicated contained gold by 24.09% to 1,244,211 ounces
– Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes
– Increase in Inferred contained gold by 7.48% to 1,830,576 ounces
The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
For More Information On Majestic Gold: www.majesticgold.net
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).The property owners did random sampling in June 2007 and had an assay of 933gms/ton (32.9oz/ton) of gold from one of the samples and that prompted the writing of a technical report on the project that was prepared in compliance with the National Instrument 43-101 and Form 43-101F1 and was issued on November, 28 2008.
The writer was Duncan Bain P Geo. who resides in London Ontario, Canada. Samples that were taken as part of a work program done on the property were sent to an ISO-certified assay laboratory based in Saskatoon, Saskatchewan Canada. The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies.
All these are part of the Snowbird Tectonic Zone which is a major tectonic structure and extends for more than 2,000 kilometres. Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan. The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
RadiSys Corporation (Nasdaq:RSYS) announced that Technology Marketing Corporation (TMC) has named RadiSys� Voice Quality Enhancement (VQE) software, available on the RadiSys Convedia media server family, as a recipient of the 2010 INTERNET TELEPHONY Excellence Award presented by INTERNET TELEPHONY magazine. Next-generation VoIP conferencing platforms based on IP media servers are increasingly being deployed by conferencing service providers (CSPs) around the globe. However, VoIP calls have not been known to provide the same voice quality as PSTN calls. The economic benefits of VoIP services are compelling, but consumers won�t migrate to VoIP unless they perceive the voice quality to be as good as or better than traditional PSTN voice services. RadiSys VQE software is specifically designed to address the common sources of poor voice quality in VoIP networks, including noise, packet loss and echo, while providing a robust set of quality metrics suitable for service level agreement (SLA) reporting.
RadiSys Corporation develops, produces, and markets computer system products for embedded computer applications in the manufacturing automation, medical, transportation, telecommunications, and test equipment marketplaces.
Entropic Communications, Inc. (Nasdaq:ENTR) a leading provider of silicon and software solutions to enable connected home entertainment, recently participated in and will participate in the following events with the financial community: Credit Suisse Annual Technology Conference December 2, 2010. Barclays Capital Global Technology Conference: December 9, 2010. The presentation will occur at 11:30 a.m. Pacific Time at The Palace Hotel in San Francisco, California. Interested parties can access the live or archived webcasts by visiting Entropic�s Web site. Entropic also maintains a current listing of its scheduled investor conferences in the Events & Presentations section of its website.
Entropic Communications, Inc., a fabless semiconductor company, engages in the design, development, and marketing of systems solutions to enable connected home entertainment.
LeMaitre Vascular, Inc. (Nasdaq:LMAT) a provider of peripheral vascular devices and implants, recently hosted an Analyst Day to update the investment community on the Company, its growth initiatives and strategic priorities, and to give financial guidance. Analyst Day was held Thursday, December 2nd, at Ruth�s Chris Steakhouse, 148 W 51st Street, New York, NY at 9:30 am EST and concludde at 12:30pm EST.
LeMaitre Vascular, Inc. develops, manufactures, and markets medical devices and implants for the treatment of peripheral vascular disease worldwide.