The Board of Directors of AMCOL International Corporation (NYSE:ACO) has declared a quarterly dividend of $0.18 a share for the first quarter of 2011. The first quarter dividend is payable on April 14, 2011 to shareholders of record as of March 1, 2011.
Headquartered in Hoffman Estates, Illinois, AMCOL has five reporting segments: Minerals, Environmental, Oilfield Services, Transportation and Corporate.
FORC, Force Energy Corp., FORC.OB
FORC is a Lithium and Hydrocarbon Exploration and Development Company based in Denver, Colorado.
Force Energy Corp. (OTC.BB:FORC) (Frankfurt:FC2) announced plans to commence a two-phase exploration program on the Zoro 1 property in the Snow Lake area of west-central Manitoba, Canada.
The Zoro property hosts seven rare metal spodumene-bearing pegmatite dykes, six of which have received only cursory exploration. The main mass of spodumene discovered to date is exposed in a single pegmatite dyke exposed by seven trenches. Mineralization in this dyke has not been fully delineated and a recommended exploration program will assess the potential for more spodumene zones. The geological characteristics of the remaining dykes on the property will be determined by detailed mapping and trenching followed by assay. Rare earth and precious metal contents in the pegmatite dykes, not considered during historic exploration, will also be assessed in this program.
A historic reserve estimate for Li2O has been based on limited drilling from a single dyke on the Zoro 1 property. Drill indicated spodumene reserves coupled with data from trenching have been calculated to give a total undiluted tonnage given of 1,727,550 tons at 0.945% Li2O. These results give significant encouragement to Force Energy Corp. for exploration on the property and potential future development.
The exploration program will consist of detailed geological mapping, trench rehabilitation, new sampling from the trenches, diamond drilling and a thorough assay/analytical approach, accompanied by a quality assurance and quality control program. The program will be spearheaded by Dr. Mark Fedikow Ph.D. P.Eng. P.Geo. C.P.G.
Phase One Exploration Program:
Phase One of the exploration program will consist of geologic mapping, channel sampling and assaying of the seven pegmatite dykes in order to confirm historic assay results and to determine the grade and extent of spodumene mineralization in all trenched zones. This program will proceed subsequent to planned trench rehabilitation on all trenches except the main trench where a historic grade and tonnage has been determined. Detailed geologic mapping of all trenches and the remainder of the Zoro 1 property will include tying in the locations of historic drill collars in relation to trench locations and determining the controls to the emplacement of the dykes. This will enable the Company to place the mineralized zones into geologic context and provide vectors to additional pegmatite targets and create a framework for additional exploration. Channel sampling will be undertaken to confirm historic assay results from historic trenches and determine areas of interest in advance of the Phase Two drilling program.
Phase Two will involve a 6561 foot (2,000 metre) drill program targeting key areas of interest on the property. The Company will provide details of the Phase Two program upon completion of Phase One of the exploration program.
FORC plans to explore and develop its Zoro 1 Lithium property which is located in the Snow Lake area of west-central Manitoba, Canada. Drilling indicated Lithium mineralization on FORC’s Zoro 1 property coupled with data from trenching indicate total undiluted tonnage given as 1,727,550 tons of the Lithium bearing mineral which assays at 0.945% Lithium Dioxide.
FORC also maintains a 50% working interest in the Hayter Well, located in Alberta, Canada.
The well was spudded in January 2007 and drilled to a total depth. The well logs revealed a gas zone of 4 to 5 meters of thickness in a shallow zone and a heavy oil pay zone of 2 meters of thickness in the target Dina Sand zone.
According to the United States Geological Survey (USGS), global end-use markets for lithium include ceramics and glass, batteries, lubricating greases, air treatment, continuous casting and primary aluminum production. Batteries, especially rechargeable batteries, are the market for lithium compounds with the largest growth potential as major automobile companies pursue the development of lithium batteries to power hybrid electric cars.
The use of lithium in the enamel, ceramic and glass industry has become a major industrial application. Lithium oxide (Li2O) is formed in the glass. It is beneficial to the melting process since it decreases the melting point, viscosity, and thermal expansion.
Discover more about FORC at www.forceenergycorp.com
ASA Limited (NYSE:ASA), reported financial results for the three months ended February 28, 2011. Total return was a negative 0.01% based on net asset value, and a negative 6.3% based on share price. During the same period, the return for the FTSE Gold Mines Index was 0.26%. During the period, ASA’s per share discount increased from 1.7% to 7.7%.
ASA Limited is a self management investment trust. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds.
Compass Bank, as Trustee of the San Juan Basin Royalty Trust (NYSE:SJT), declared a monthly cash distribution to the holders of its units of beneficial interest of $4,411,668.65 or $0.094653 per unit, based principally upon production during the month of January 2011. The distribution is payable April 14, 2011, to unit holders of record as of March 31, 2011.
San Juan Basin Royalty Trust operates as an express trust. The trust has a 75% net overriding royalty interest carved out of Burlington Resources Oil & Gas Company LP's oil and gas leasehold and royalty interests (the underlying properties) located in the San Juan Basin in northwestern New Mexico.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DoubleInStocks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. (Read more at: http://doubleinstocks.com/disclaimer). Release of Liability: Through use of this website viewing or using, you agree to hold DoubleInStocks.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received seven thousand five hundred ($7,500) dollars in cash for one week of advertising services from a third party (FullCorp Trading Ltd.) for Force Energy Corporation (FORC.OB).
Sign Up for our FREE Daily Stock Newsletter