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Jan. 14, 2011 - PRLog -- Douglas Lake Minerals  has recently filed a NI 43-101 Technical Report on its four 100% owned prospecting licenses which cover 800 square kilometers in the Handeni District of eastern Tanzania. This area recently has been recognized as an important gold district after the Magambazi gold find.

The 43-101 report details the first and second phases of exploration over the license area. In the Company's November 23rd release it was disclosed that the first phase airborne geophysical survey effectively outlined the folded and faulted geologic terrain as well as five prominent Northwest-Southeast trending shear zones that extend through the Douglas Lake ground. The second phase work program concentrated on collecting and analyzing soil geochemical samples on both detailed grids as well as reconnaissance style control lines across the large project area.

Historically, the region has seen only small-scale artisanal workings which originally allowed explorers to focus on the Magambazi prospect. Now the Handeni region is recognized to be one of the prime exploration targets for gold in Tanzania. On September 13th 2010, Canaco Resources Inc.  announced that regional soil sampling had outlined a total of two North-Westerly parallel trends of gold mineralization on their license area.

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 region has historically seen small-scale artisanal workings, which originally allowed explorers to focus on the Magambazi prospect. Today the Handeni region is recognized to be one of the prime exploration targets for gold mineralization in Tanzania.

Douglas Lake Minerals has acquired two highly prospective gold projects in Tanzania. The Company has an experienced management and technical team of mining and investment professionals, and has made a strategic decision to focus exclusively on its two flagship properties – the recently purchased Handeni Gold Project and the Mkuvia Alluvial Gold Project.

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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 American Video has under consideration in the province of Quebec.

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.


American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.

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China Electric Motor, Inc.  announced that its indirect wholly owned subsidiary, Shenzhen YuePengCheng Motor Co., Ltd. ("YuePengCheng"), entered into a Property Purchase Agreement (the "Agreement") with Shenzhen Jianhuilong Industry Co., Ltd. ("Jianhuilong") pursuant to which YuePengCheng agreed to purchase the remainder of the Shenzhen-based "Sunna Industrial Park" it did not previously own, for approximately RMB170.9 million (or approximately US$25.8 million).

China Electric Motor, Inc. engages in the design, manufacture, sale, and marketing of micro-motors and micro-motor components in the People's Republic of China and internationally. It offers micro-motors and micro-motor components for various applications in automobiles, power tools, home appliances, and consumer electronics.

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Euroseas, Ltd.  announced that a subsidiary of the Company has entered into time charter agreement for the following vessel: M/V Aristides N P, a 69,268 dwt, 1993 built Panamax bulk carrier, has been chartered until May 2012 at a gross daily rate of $14,950. The charter will commence upon completion of its present charter within the next few days and might be terminated [a month or extended by a month at the option of the charterer. This employment is expected to generate approximately $7.2 million of gross revenues during the period of the charter.

Euroseas Ltd., together with and subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport bulks, such as iron ore, coal, and grains, as well as minor bulks, which include bauxite, phosphate, and fertilizers.

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BioCryst Pharmaceuticals, Inc.  announced top-line results from one of its two Phase 3 studies of intravenous (i.v.) peramivir for the treatment of patients hospitalized with influenza, and provided an update regarding its peramivir program.

BioCryst Pharmaceuticals, Inc. designs, optimizes, and develops small-molecule pharmaceuticals that block key enzymes involved in infectious diseases, cancer, and inflammatory diseases.

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