SLW, SILA.OB, & FCX: Silver Wheaton is pleased to announce their second sulphide processing line

Aug. 2, 2010 - PRLog -- Silver Wheaton Corp.

Silver Wheaton is pleased to announce that, as reported by Goldcorp Inc. in a press release, the second sulphide processing line at Goldcorp’s world-class gold-silver-lead-zinc Penasquito mine in Zacatecas, Mexico, has achieved mechanical completion ahead of its previously expected third quarter completion date.

SLW is the largest silver streaming company in the world. Forecast 2010 production, based upon its current agreements, is 22.2 million ounces of silver and 20,000 ounces of gold, for total production of 23.5 million silver equivalent ounces. By 2013, annual production is anticipated to increase significantly to approximately 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver equivalent ounces. This growth is driven by the Company’s portfolio of world-class assets, including silver streams on Goldcorp’s Penasquito mine and Barrick’s Pascua-Lama project.

______________________________________________



About Gold American Mining Corp (SILA.OB)

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 .
SILA is pleased to announce the initiation of exploration activities on its Keeno Strike silver and gold project in Clark County, Nevada.

SILA has completed its initial steps of evaluating the historical data on the Keeno Strike property, and with this has established a baseline for the next phases of the exploration program. SILA is initiating Phase I of the exploration on the claims. This phase will consist of further sampling of 30 sites within the mineralized zones, mapping, and a structural evaluation and ground-based magnetic geophysical surveying covering an area of over 12,000 acres. The results from this program will determine the location of the core holes in the next phase of the exploration program, which would consist of approximately 2,000 meters of drilling.

On May 17, 2010, SILA announced the incorporation of seasoned Mining Engineer Mark See as VP of Exploration of Silver America, Inc. Subsequently, it was determined that his position posed a role-conflict with a non-related position Mr. See already held at a different company. As such, he requested a revision to his affiliation with SILA and has now accepted the role of Technical Advisor to SILA. Mr. See has wholeheartedly reaffirmed his commitment to SILA on its exploration and mineral development efforts, and looks forward to his ongoing service in SILA's success.

______________________________________________


Freeport-McMoRan Copper & Gold Inc.  

FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.

FCX engages in the exploration, mining, and production of mineral resources. It primarily explores for copper, gold, molybdenum, silver, and cobalt deposits. The company holds interests in various properties located in North and South America; Grasberg minerals district in Indonesia; and Tenke Fungurume minerals district in the Democratic Republic of Congo.

Freeport has recently reported that the company has declared a cash dividend of $0.30 per share payable on August 1, 2010 to holders of record as of July 15, 2010 for its common stock. As previously announced in April 2010, FCX’s Board of Directors authorized an increase in the annual cash dividend on its common stock from $0.60 per share to $1.20 per share, payable quarterly at a rate of $0.30 per share. The declaration and payment of dividends is at the discretion of FCX’s Board of Directors and will depend on FCX’s financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.









*******************************************
Sign-Up For Free Stock Alerts At http://crwepicks.com/signup
*******************************************











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.The CRWEPicks.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer (http://crwepicks.com/disclaimer ) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWEPicks.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. (read more ) Rule 17B requires disclosure of payment for investor relations. 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 eight thousand dollars in cash from a third party (Winning Media) for (7) days of advertising for Gold American Mining Corp (SILA.OB)


*******************************************

# # #

Crown Equity Holdings Inc. assists and consults with domestic and foreign companies interested in becoming publicly traded in the U.S. The company designs and manufactures multi-monitor computer systems for financial traders and audio/video professionals.