Douglas Lake Minerals Inc., (DLKM.OB) has acquired two highly prospective gold projects in Tanzania. The Company has an experienced management and technical team of mining and investment professionals, and has made a strategic decision to focus exclusively on its two flagship properties – the recently purchased Handeni Gold Project and the Mkuvia Alluvial Gold Project.
The Handeni Gold Project comprises of four properties totaling 800 square kilometers and is located directly adjacent to Canaco Resources’ highly prospective Handeni Gold Project (TSX.V-CAN). This project will be explored under the guidance of the experienced geologist, Dr. Reyno Scheepers.
The Mkuvia Alluvial Gold Project comprises of four prospecting licenses covering a total area of 380 square kilometers and is located in the Nachingwea District, Lindi Region of the United Republic of Tanzania. This project is being developed by Douglas Lake Minerals’ joint-venture partners.
Tanzania is rich with natural resources including hydropower, tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas and nickel. Because the legal system is based on English common law and English is the official, primary language of commerce – it makes it simpler for mining companies to establish successful operations here. Long-term growth through 2005 featured a pickup in industrial production and a substantial increase in output of minerals, led by gold. Recent banking reforms have helped increase private sector growth and investment. Continued donor assistance and solid macro economic policies supported real GDP growth of more than 6% in 2005.
Douglas Lake is committed to operating under strict legal and ethical standards of all jurisdictions it works within, as well as improving working conditions and remuneration for its Tanzanian geologists and labourers.
Orofino Gold Corp. (ORFG.PK) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
Orofino Gold was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
It has been interpreted (by Shaw 1993) that the metallogenic zonation around the La Azul workings evokes a very viable "hidden porphyry" exploration model. This interpretation and the prospectivity of the area have been confirmed by the Orofino "qualified person" as per the 43-101 rules.
Orofino will move ahead aggressively to pursue the current interpretations, work programs and drilling will begin soon.
Orofino Gold Corp. is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
e-Future Information Technology Inc. (Nasdaq:EFUT) a leading provider of software and services in China's rapidly growing retail and consumer goods industries, announced that Mr. Adam Yan, Chairman, Chief Executive Officer and Acting Chief Financial Officer, will attend the National Retail Federation's BIG Show to be held on January 9-12, 2011 at the Jacob K. Javits Convention Center in New York City. Following his attendance at the conference, Mr. Yan will be in New York City from Wednesday, January 12 to Friday, January 14 and will be available to meet with interested analysts and investors.
eFuture Information Technology, Inc., through its subsidiary, eFuture (Beijing) Royalstone Information Technology, Inc., provides front-end supply chain management software and services in the People’s Republic of China.
Vimicro International Corp. (Nasdaq:VIMC) a leading multimedia semiconductor and solution provider, announced it has entered into definitive business restructuring agreements to divest certain non-core business lines and land use rights as part of its previously announced cost control initiatives. The Company expects this divestiture of loss generating businesses and undeveloped assets to improve its operating performance and financial strength, further enabling Vimicro to focus resources on its new growing surveillance business.
Vimicro International Corporation, through its subsidiaries, designs, develops, and markets mixed-signal semiconductor products and system-level solutions for the consumer electronics, communications.
Advanced Battery Technologies, Inc. (Nasdaq:ABAT) a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries, as well as a manufacturer of electric vehicles, announced that on December 20, 2010, the Company entered into an Acquisition Agreement with Shenzhen Zhongqiang New Energy Science & Technology Co., Ltd. ("Shenzhen Zhongqiang"). Shenzhen Zhongqiang is a manufacturer of lithium batteries for mobile phones and MP3 and video game consoles with a daily capacity of 70,000 battery cells. The total purchase price is $20 million, of which approximately $13.5 million will be used to satisfy existing liabilities of Shenzhen Zhongqiang.
Advanced Battery Technologies, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of rechargeable polymer lithium-ion (PLI) batteries in the United States, Europe, and Asia.
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