Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (“Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
The revised resource is:
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Grade Au
Category Tonnes(i) (g/t)(ii) Contained oz Au
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Indicated 33,739,586 1.147 1,244,211
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Inferred 38,812,054 1.467 1,830,576
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(i)Calculations conducted using 0.30 g/t cut-off
(ii)Gold grades were capped at 40 g/t
The most significant changes from the previous estimate are:
– Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes
– Increase in Indicated contained gold by 24.09% to 1,244,211 ounces
– Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes
– Increase in Inferred contained gold by 7.48% to 1,830,576 ounces
The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
For More Information On Majestic Gold: www.majesticgold.net
Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) subsidiary Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement with provides LTGTR riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. LTGTR, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
“We are looking at creative ways to keep the buses on the road. As they are running not only are they generating revenue but they are advertising. If you are running a bus during the day for Hard Rock shuttles and then booking nightly runs at Gross Profit Margins of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans with the college shuttle program and also will introduce the Vu365 to a new gaming audience. We had extremely favorable talks with Vu365 and believe they can help us extensively with our unique programming needs, and we can help them bring Vu365 gaming to an American audience. This is a win/win for LTGTR, Vu365 and the shareholders of EEGI,” Debra Davis President of LTGTR.
SAP AG (NYSE:SAP) announced it has been positioned by Gartner Inc. in the leaders quadrant of the �Magic Quadrant for Data Integration (DI) Tools� report. SAP is recognized as a market leader for both its �ability to execute� and its �completeness of vision.�
SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. Its product portfolio includes SAP Business Suite software, which supports large organizations/international corporations operating in manufacturing/service industries in their core business operations, such as supplier relationship, production and warehouse management, sales, administration, and customer relationship; SAP Business All-in-One.
Sempra Energy (NYSE:SRE) recognized by PA Consulting Group (PA) as the recipient of the ReliabilityOne� 2010 National Award for Outstanding Reliability Performance. SDG&E was also the top winner of the ReliabilityOne� award among Western U.S. electric utilities for the fifth year in a row.�It�s a tremendous honor to be recognized as a national leader for our reliability,� said David L. Geier, vice president of electric operations for SDG&E. �This award really is an extraordinary team effort and belongs to our employees who go above and beyond �the call of duty� on a daily basis to keep the lights on for our customers.�
Sempra Energy, together with its subsidiaries, engages in the development of energy infrastructure, operation of utilities, and provision of energy-related products and services worldwide. It operates through two divisions, Sempra Utilities and Sempra Global. The Sempra Utilities division includes San Diego Gas & Electric, a regulated public utility that provides electric generation, transmission, and distribution services to 3.5 million consumers, and natural gas distribution services to 3.2 million consumers; and Southern California Gas, a regulated public utility that provides natural gas distribution, transmission and storage services to a population of 20.7 million.
SM Energy Company (NYSE:SM) announced that Tony Best, President and CEO, presented at the Jefferies Global Energy Conference on Wednesday, December 1, 2010. A webcast of the presentation is available on the Company�s website at sm-energy.com.
SM Energy Company, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in North America. Its oil and gas reserves and operations are concentrated primarily in the Rocky Mountain Williston basin; the Mid-Continent Anadarko and Arkoma basins; the Permian basin; the productive formations of east Texas
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