SILA,Gold American Mining Corp. (OTC BB: SILA.OB)
Digging In with Gusto – SILA knows that it�s what lies beneath that counts.
The precious metals exploration company is committed to the aggressive ongoing acquisition and exploration of holdings with rich gold and silver production potential. And with the demand for these metals having grown steadily, Gold American has entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures.
Gold American�s Keeno Strike Property, located 30 miles southwest of Las Vegas, has produced significant quantities of both gold and silver and also contains deposits of copper, cobalt, nickel, zinc, and lead. Located in a mining district that covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect, the area�s exploration will consist of testing a potential of 1.1 million ounces of gold and 69 million ounces of silver.
The company�s other current holding is the Guadalupe Property, located in central Mexico, in one of Mexico�s oldest mining districts. It lies just a few miles north of the world�s richest underground silver mines. This property contains two historic mines.. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc.,,is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver. That�s about twice the grade of Fresnillo�s other producing mines in the region, making the project�s Valdeca�as Vein one of the world�s highest grade undeveloped silver resources.
Will gold stocks increase with the price of gold?
Gold at the beginning of August was $1,210.00 per ounce.
As the Dollar devalues, the price of Gold is expected to rise even more. It has been fluctuating lately and looking for a direction, but at the same time it�s been moving higher. Gold has been the standard of value for all industrialized nations, in America it is our true dollar.
With the inevitable rise of value in a company that is in mining production, today could see their stock go anywhere, in this regard we are watching Gold American Mining Corp.
The Company has initiated a comprehensive exploration program for its Guadalupe property including magnetic and induced polarization surveys.
Finding better than expected results Gold American decided to increase the geophysics program to cover more areas of the property.
Projects
Latest News From Guadalupe Property: SILA - Announces Additional Positive Results From High-Grade Guadalupe Property
Gold American Mining Corp. (OTC.BB: SILA) (�Gold American� and/or �the Company�) is pleased to announce additional positive results from its Guadalupe property, located in the heart of the Fresnillo district, Zacatecas, Mexico.
Fieldwork continues to identify additional veins within the property � as such several veins remain without names. To date nine veins have been mapped within the Guadalupe property. In certain locations the width of sampling was limited by the size of the workings and as such the true width of mineralization remains unknown.
�The fast pace of exploration achieved on the property since we started operations in late April has expanded considerably our knowledge of the property and reaffirmed our intentions to drill its main objectives,� said Johannes Petersen, President of Gold American. �We are very excited with our findings to date.
As soon as we receive the final report and maps of the recently completed geophysics campaign we will be able to finalize the design of the drilling program and initiate the permitting process with a view at commencing drilling before the end of the year,� added Mr. Petersen.
THE GUADALUPE PROPERTY
The Guadalupe property contains two historically significant mines and is located in one of Mexico�s oldest mining districts, roughly 5 miles north of the Fresnillo (Proa�o) Mine, the world�s richest underground silver mine, operated by Fresnillo plc. Roughly 6.8 miles to the southwest of Silver America�s Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the world�s highest grade undeveloped silver resources.
The Property contains greater than 20 known workings as well as two historic mines � Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980s. The property is completely surrounded by land controlled by Pe�oles (either through Fresnillo or other subsidiaries and partners).
ABOUT GOLD AMERICAN MINING CORP.
Gold American Mining Corp. is a publicly traded (OTC.BB:SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American�s website at
www.gold-american.com
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DuPont Leader: Market-Driven Innovations Position DuPont to Address Global Challenges
DuPont (NYSE: DD) is poised to address global megatrend challenges and expects to deliver revenue growth of at least 15 percent in 2010, said Mark P. Vergnano, executive vice president, at the Jefferies � Industrial and A&D Conference.
�The fundamental driver of our long-term growth is market-driven innovation, aligned with major secular trends in the areas of increasing agricultural productivity, reducing dependence on fossil fuels, and protecting people and the environment. In 2010, we are targeting 30 percent of our sales from new products introduced over the last four years,� Vergnano said. �Our aggressive product launches are paying off; we�re doing our market development work and we�re moving faster. That�s resulting in increased sales and profitability.�
�In emerging markets alone, where DuPont has been enhancing its offerings and investments, our year-to-date sales are up 32 percent, with the standout being Emerging Asia, which is up 58 percent,� he added.
Among the growth targets Vergnano highlighted were: seeds; crop protection; photovoltaics; products for energy-efficient vehicles and buildings; personal protection products for industrial workers and first responders; and infrastructure and industrial growth in emerging markets.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
http://www.dupont.com
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Celanese Corporation (NYSE: CE), a leading global technology and specialty materials company, yesterday announced that one of its strategic affiliates, Fortron Industries LLC, will increase production at its Wilmington, N.C., plant to meet an increased global demand for Fortron� polyphenylene sulfide (PPS).
The Fortron Industries plant in Wilmington is the world�s largest linear PPS operation with a 15,000 metric ton annual capacity. Fortron�s operation in Wilmington is a joint venture of Kureha Corporation and Ticona Engineering Polymers, a wholly owned subsidiary of Celanese.
There is a growing worldwide demand for Fortron PPS, a high-performance polymer used in demanding industrial applications. This specialty material offers excellent chemical and thermal resistance, high hardness, rigidity and dimensional stability, and low creep and moisture absorption.
Fortron PPS is often used instead of metals and thermosets in such applications such as auto pumps, valves, air ducts and powertrains; electronic connectors, plugs, switches and circuit boards; structural and non-structural aircraft components; and heater grilles, impellers, conveyors, power tools, microwave elements and other industrial uses.
Also Reported
Celanese Corporation, a leading global technology and specialty materials company, will also increase prices for the following products in the amounts detailed below effective September 1, 2010, or as contracts allow.
| Product | China | Asia | ||
| RMB/MT | USD/MT | |||
| Acetic Acid | 300 | 50 | ||
| Acetic Anhydride | 400 | 60 | ||
| Vinyl Acetate Monomer | 200 | 30 |
Celanese Corporation is a global technology leader in the production of specialty materials and chemical products which are used in most major industries and consumer applications. Our products, essential to everyday living, are manufactured in North America, Europe and Asia.
Known for operational excellence, sustainability and premier safety performance, Celanese delivers value to customers around the globe with best-in-class technologies.
Based in Dallas, Texas, the company employs approximately 7,400 employees worldwide and had 2009 net sales of $5.1 billion, with approximately 73% generated outside of North America.
www.celanese.com
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