American Video Teleconferencing Corp. (AVOT.PK)
Consumption of rare earths has experienced remarkable growth during the last few decades due to the increasing availability of these materials and the development of new applications that take advantage of their unique properties.
American Video Teleconferencing Corp. previously reported that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City. ( Read More http://crweselect.com/22183/stock-alerts/avot-irf-ppwe-clx-fti-crweselec... )