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.
Orofino's corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
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.
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Douglas Lake Minerals (OTCBB:DLKM) has made a strategic decision to focus exclusively on its two highly prospective gold properties – the recently purchased Handeni Gold Project and the Mkuvia Alluvial Gold Project. The 800 square kilometer Handeni property will be explored under the guidance of Dr. Reyno Scheepers and is located directly adjacent to Canaco Resources’ highly prospective Handeni Gold Project (TSX.V-CAN). The 380 square kilometer Mkuvia property is being developed by a joint-venture company run by Douglas Lake Minerals’ partner.
The Handeni region has historically seen small-scale artisanal workings, which originally allowed explorers to focus on the Magambazi prospect. Today the region is recognized to be one of the prime exploration targets for gold mineralization in Tanzania.
IPP Gold Limited, the former owner and now a Douglas Lake Minerals shareholder, performed extensive work on the area over several field seasons dating back to 2005. This work included geologic mapping, rock and soil sampling, trenching, ground magnetic surveys, as well as a large airborne magnetic and radiometric survey performed by the Council for Geoscience of South Africa. All geochemical analytical work was conducted by internationally accredited and independent laboratories – SGS Laboratories and Humac Laboratories, in Mwanza, Tanzania.
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Aceto Corp. (Nasdaq:ACET) announced that it has signed a definitive purchase agreement for its wholly-owned subsidiary to acquire certain assets of Rising Pharmaceuticals, Inc. Rising is a New Jersey based company that markets and distributes generic prescription and over the counter pharmaceutical products to leading wholesalers, chain drug stores, distributors, mass market merchandisers and others under its own label, throughout the United States.
Aceto Corporation, together with its subsidiaries, engages in sourcing, quality assurance, regulatory support, marketing, and distributing chemically derived pharmaceuticals, biopharmaceuticals, specialty chemicals, and crop protection products.
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Infinity Pharmaceuticals, Inc. (Nasdaq:INFI) announced the extension of its global strategic alliance with Mundipharma International Corporation Limited to develop and commercialize IPI-926, Infinity’s novel Smoothened antagonist, as well as development candidates arising from Infinity’s phosphoinositol-3-kinase (PI3K) and discovery programs.
Infinity Pharmaceuticals, Inc. engages in the discovery and development of medicines for the treatment of cancer and related conditions in the United States. Its lead product candidate includes IPI-504 (retaspimycin hydrochloride), an intravenously-administered small molecule inhibitor of heat shock protein 90 (Hsp90). The company is conducting an international Phase II clinical trial of IPI-504 in combination with Herceptin in patients with HER2-positive metastatic breast cancer.
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Rick’s Cabaret International Inc. (Nasdaq:RICK) reported financial results for its fiscal year ending September 30, 2010. The company had consolidated total revenues of $83 million, an increase of 9.4 percent over the $75.8 million reported in the previous year. The company reported a loss from continuing operations of $7.6 million for the year, primarily because of non-cash balance sheet impairment charges of $20.5 million, compared with 2009 income from continuing operations $5.5 million.
Rick’s Cabaret International, Inc., through its subsidiaries, owns and operates upscale adult nightclubs serving primarily businessmen and professionals in the United States. Its nightclubs offer lives adult entertainment, restaurant, and bar operations.
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