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New information on SILA, FSIN, and SFEG
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Gold American Mining Corp (OTC.BB:SILA) recently reported that it believes that the vein system on its property in Guadalupe Mexico, has the potential to continue to much greater depths, shareholders listen. The company recently announced that its geophysics program on its Guadalupe, Mexico , property completed on July 20 confirmed that fact and that it foresees being in a position to start drilling very soon.
The precious metals exploration company is focused on the aggressive ongoing acquisition and exploration of holdings with rich gold and silver production potential. The Guadalupe property contains two historically significant mines and is located in one of Mexico’s oldest mining districts, roughly five miles north of the Fresnillo (Proaño) Mine, the world’s richest underground silver mine, operated by Fresnillo plc. About 6.8 miles to the southwest of Silver America’s Guadalupe Property, is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG ) and Fresnillo plc, which is known as one of the world’s highest grade undeveloped silver resources.
The Property contains greater than 20 known workings as well as two historic mines – Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980′s.
Gold American Mining Corp was incorporated in 2007 under the name of Silver America Inc. The company recently underwent a name change to Gold American Mining Corp on June 23rd, 2010. The company is engaged in exploration and acquisition of precious metals and mineral resource properties in United States. The company has also several international properties. Its main properties include Keeno Strike project in Clark County, Nevada and Guadalupe project located in Zacatecas State, Mexico.
Fushi Copperweld, Inc., (Nasdaq: FSIN), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, recently reported that Co-Chief Executive Officer, Joseph J Longever, will present at the upcoming Jefferies 6th Annual Global Industrial and Aerospace & Defense Conference on Thursday, August 12, 2010 at 1:00pm eastern time. The Conference will be held at the Mandarin Oriental Hotel, New York City.
The presentation will include a discussion of the Company’s business operations, financial results, strategic initiatives and prospects for the future. A simultaneous audio webcast of the presentation with slides will be available to all interested parties on the Investor Relations section of the Company’s website.
FSIN is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products used in the electrical, telecommunications, transportation, utilities and industrial industries. With extensive design and production capabilities and a long-standing dedication to customer service, Fushi Copperweld, Inc. is the preferred choice bimetallic products world-wide.
Santa Fe Gold Corporation (OTCBB:SFEG) recently reported that commissioning of the Lordsburg mill has proceeded as planned and is now running two shifts per day, five days per week. Santa Fe expects to ramp up production from the Summit gold-silver mine to 120,000 tons of ore per annum by the end of 2010.
Pierce Carson, President and Chief Executive Officer, stated, We are producing high value concentrate (averaging 10 ounces of gold per ton and 600 ounces of silver per ton) from Summit ore and are in final negotiations with two major smelters.
Also the company is currently stockpiling concentrates and is in discussions with three smelters for the purchase of its concentrates, with the objective of achieving the best possible price. Sale of concentrates is planned to begin immediately upon finalizing a sales contract, which is estimated to be completed during July or August 2010.
SFEG focuses on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: the Summit mine and Lordsburg mill in southwestern New Mexico; a substantial land position at the Lordsburg mill, comprising the core of the Lordsburg Mining District; the Ortiz gold property in north-central New Mexico, estimated to contain two million ounces of gold; the Black Canyon mica mine and processing facility near Phoenix, Arizona; and a large resource of micaceous iron oxide in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
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