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Douglas Lake Minerals two highly prospective gold properties include the 800 square kilometer Handeni Gold Project and the 380 square kilometer Mkuvia Alluvial Gold Project.
By: Karl McMahon
 
Dec. 28, 2010 - PRLog -- Douglas Lake Minerals  two highly prospective gold properties include the 800 square kilometer Handeni Gold Project and the 380 square kilometer Mkuvia Alluvial Gold Project.

Douglas Lake Minerals’ 100% owned Handeni Project is located within an area which has been interpreted as belonging to a reworked component of the same Archean superterrane that hosts the gold deposits of Geita (Anglo Gold) and Bulyanhulu (Barrick) in Tanzania. The project consists of four prospecting licenses covering approximately 800 square kilometres, that are directly adjacent to, and partly surround, Canaco Resources Inc.’s (V.CAN) 200 square kilometre Kilindi license which holds the Magambazi gold mineralization occurrence.

The Mkuvia Alluvial Gold Project comprises of four prospecting licenses covering a total area of 380 square kilometers and is located in the Nachingwea District, Lindi Region of the of Tanzania. This project is being operated by a company that was formed though a joint-venture partnership. Douglas Lake owns 25% of this newly established company, with its partners holding the remaining 70% and 5%, respectively.

Douglas Lake is committed to operating under strict legal and ethical standards of all jurisdictions it works within, as well as improving working conditions and remuneration for its Tanzanian geologists and labourers.

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American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce 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.

This property is only one of several advanced stage properties the company has under consideration in the province of Quebec.

The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.

China has started to severely restrict the exports of rare-earth materials, which often find use in “green” technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the medical, defense, and consumer markets. The country delivers nearly 100% of the world’s rare-earth materials: 17 metals that are somewhat hard to refine and that tend to occur in the same ore deposits. The cutbacks have resulted in shock waves through the electronics industry and could force design changes in the near future.

Constraints on Chinese exports are creating opportunities for non-Chinese projects.

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Southwest Airlines Co.  announced that its Flight Simulator Technicians, represented by the International Brotherhood of Teamsters (IBT) Airlines Division, voted to ratify an extension to their current agreement. The agreement is for a two-year contract extension through October 2013. The current contract would have become amendable on November 1, 2011.

Southwest Airlines Co. operates as a passenger airline that provides scheduled air transportation in the United States. As of December 31, 2009, it operated 537 Boeing 737 aircraft and provided service to 68 cities in 35 states.

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Mexico Equity & Income Fund Inc.  declared a cash dividend of $0.023 per share payable on December 31, 2010 to stockholders of record on December 28, 2010. The dividend on each class of stock will consist entirely of ordinary income. The Fund also announced the results of the Annual Meeting of Stockholders of the Fund, which was held on November 26, 2010. At the Annual Meeting of Stockholders, the common and preferred stockholders, voting together, elected Gerald Hellerman and Maria Pichardo.

Mexico Equity & Income Fund Inc. is a closed-ended exchange traded fund launched and managed by Pichardo Asset Management, S.A. de C.V. The fund invests in the public equity and fixed income markets in Mexico. It typically invests in companies operating across diverse industries.

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Yingli Green Energy Holding Co. Ltd.  announced that in December 2010, it re-purchased US$171.3 million aggregate principal amount of its zero coupon convertible senior notes due 2012 (the “Notes”) for a total cash consideration of US$199.4 million based on a yield to maturity or yield to put of 5.125%. As of the date of this press release, the Company only had US$1.3 million Notes outstanding due December 2012.Yingli Green Energy may from time to time seek to make additional repurchases of the US$1.3 million outstanding Notes.

Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, marketing, manufacture, installation, and sale of photovoltaic (PV) products in the People Republic of China and internationally.

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Source:Karl McMahon
Email:***@drstockpick.com Email Verified
Tags:American Video Teleconferencing, Avot.pk, Canada, Dlkm, Douglas Lake Minerals, Exploration, Mexico, Nyse:luv, Nyse:mxe
Industry:Business, Financial, Stocks
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