ORFG.PK, NYSE:RTP, NASDAQ:DTPI, Precious Items Updates from Stock-PR.com
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Orofino Gold Corp (ORFG.PK) has signed an option agreement to acquire several properties in Colombia , currently a hot spot of gold production. The central area of Senderos de Oro contains a frequent occurrence of the very high grade gold vein systems. With several small-scale grinding and amalgamation mills in place, Orofino is planning to design a central processing and recovery facility capable of processing enough high-grade material to produce up to 120,000 ounces of gold annually. Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. Orofino will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling planned to take place in the second quarter of 2010.
Orofino Gold Corp. is targeting a ten million ounce copper/gold porphyry system in Columbia . The properties are located in Senderos de Oro and Orofino Gold believes these properties as good, high priority opportunities. These properties currently have small scale gold production occurring and are located in an area of known gold reserves. Orofino Gold believes that these properties have good potential for large scale gold deposits. Orofino Gold is continuing to develop these target sites and plans to drill as soon as permits are in place. The gold samples returned thus far show values as high as 250 mg of gold with 10% copper. Columbia is presently a very hot gold mining market with many foreign companies seeking and obtaining mining sites.
Rio Tinto Plc (NYSE: RTP) announced US$200 million funding to prepare for the expansion of its iron ore operations in Western Australia. The funding will allow dredging contracts to be issued as part of early works on the expansion of the Cape Lambert port (CLB), supporting the Pilbara operations' overall capacity increase to 330 million tonnes a year (Mt/a). The dredging is associated with the proposed construction of an additional 1.8 kilometre, four-berth jetty and wharf at Cape Lambert to increase its current annual capacity of 80 million tonnes by a further 100 million tonnes.
Rio Tinto's planned growth of its Pilbara iron ore operations to 330 Mt/a capacity consists of the following steps:
? 225 Mt/a by Q1 2011 - Dampier port systems efficiencies (in implementation)
? 230 Mt/a by Q2 2012 - Dampier port incremental gains (in feasibility study)
? 280 Mt/a by H1 2014 - CLB 1st 50 Mt/a increment (now in feasibility study)
? 330 Mt/a by H1 2016 - CLB 2nd 50 Mt/a increment (pre-feasibility completed)
Rio Tinto chief executive Iron Ore and Australia Sam Walsh said the dredging works would help ensure that subsequent decisions on the expansion of operations could be implemented as quickly and efficiently as possible.
Having completed his work as general manager of the National Broadband Plan at the Federal Communications Commission, Erik Garr is rejoining Diamond Management & Technology Consultants, Inc. (NASDAQ: DTPI), the company announced. The National Broadband Plan, developed by the FCC under Garr's leadership, is an ambitious roadmap to improve the nation's broadband infrastructure to meet the needs of the 21st century. The plan marks a major transformation of the country's technology infrastructure by shifting up to $16 billion in Universal Service Funding to more directly support broadband in unserved areas, and freeing up to 500 Mhz of spectrum to support the next generation of mobile broadband. Furthermore, the plan seeks to enact smart policies to support further private sector investment in the nation's infrastructure, and provide better connectivity to communities and key institutions across the United States that support the health care, education, public safety, and energy needs of our economy and society.
Clients trust Diamond Management & Technology Consultants, Ltd. to help their companies grow, improve margins, and increase the productivity of their investments. Working together to design and execute business strategies that capitalize on changing market forces and technology, Diamond's consultants are experts in helping clients attract and retain customers, increase the value of their information, and plan and execute projects that turn strategy into measurable results.
Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment (read more) Rule 17B requires disclosure of payment for investor relations.Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.
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