Al Valencia, American Power Corp, Coal Resources, Energy Stocks, Otc:tgmp, Tgmp.ob

American Power Corporation (OTCBB:TGMP) recently announced that it will proceed to

kick start the development of its advanced Pace Coal Project in Judith Basin County, Montana.

In April 2010, TGMP acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively. Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.

Montana's demonstrated reserve base of 119.1 billion short tons of coal represents over 24% of America's total demonstrated coal reserve base of 487.7 billion short tons.

TGMP has access to a large and experienced workforce in Great Falls, Montana, and the coal project may provide hundreds, if not thousands, of new, high-paying jobs for the local economy (according to the U.S. Bureau of Labor Statistics, the average annual wage in the mining industry in Montana was $70,779 in 2008, or 122 percent higher than the average wage in the state).

Substantial infrastructure is already in place adjacent to and within the acreage, including a federal highway, a BNSF railway line, pipeline, and power lines, all of which would facilitate the economic extraction and transportation of coal to market.

Paramount Gold and Silver Corportion (NYSE:PZG) advises that its previously announced acquisition of X-Cal Resources Ltd. ("X-Cal") has been approved by 100% of the X-Cal shareholders present or represented by proxy at its recent meeting. The Supreme Court of British Columbia has approved the transaction and the acquisition is now closed.

"The combination of Paramount and X-Cal creates an unusually strong base of advanced stage exploration projects with outstanding potential for resource growth in secure jurisdictions, within established mining camps, close to existing producers. The gold exploration business is inherently risky for investors but we believe these risks can be substantially reduced with the right strategy. Our strategy aims to enhance the prospects for investor returns by (1) working in North America only (2) acquiring and expanding deposits that already have defined resources within large-scale geological environments and (3) focusing on projects near producers in established camps where mine-building can be joint-ventured using existing infrastructure," Christopher Crupi, CEO of Paramount said.

The main asset of X-Cal is the former Sleeper gold mine in Nevada, a historic open pit mine which was operated by AMAX Gold from 1986 to 1996 when it produced 1.7Moz of Au and 2.3M oz of Ag at an average cash cost of $158/ounce Au. The Sleeper Gold Project is a 30 square mile gold district located in Humboldt County, Nevada. A National Instrument 43-101 resource estimation for the Project was completed by X-Cal in November of 2009 which calculated an indicated resource totaling 750,000 ounces of gold and 5 million ounces of silver (26,960,000 tonnes with a 0.40 gpt Au cutoff, grading 0.87 gpt Au and 5.80 gpt Ag) plus an additional 380,000 ounces of gold and 4.2 million ounces of silver in the inferred category (20,000,000 tonnes with a 0.40 gpt Au cutoff grading 0.59 gpt Au and 6.60 gpt Ag. X-Cal has an extensive database which will help to pursue a series of outstanding exploration targets identified at Sleeper.

The common shares of X-Cal are expected to be de-listed from the TSX and the company will apply to the relevant securities regulators to cease to be a reporting issuer. Paramount has moved its head office to Nevada on closing.

BNY Mellon will be mailing the letters of transmittals to the X-Cal shareholders on or about August 27, 2010 after which It is expected that the Toronto Stock Exchange ("TSX") will de-list the common shares of X-Cal at the close of business one or two trading days after the mailing. From the time the Arrangement became legally effective and the TSX de-listing of the X-Cal shares, the X-Cal shares represent the appropriate number of Paramount common shares pursuant to the terms of the Arrangement.

Silver Standard Resources Inc. (NASDAQ:SSRI) provides the following updates on the Pirquitas Mine and principal development projects and reports on headline financial results from SSRI's second quarter ended June 30, 2010. Effective January 1, 2009, the company adopted the U.S. dollar as its reporting currency and all figures are in U.S. dollars, unless otherwise noted.

Pirquitas Mine, Argentina

During the second quarter the mill processed 345,661 tonnes of ore at an average milling rate of 3,798 tonnes per day, compared to 3,070 tonnes per day in the first quarter. Open pit mining continued to operate well with 3,900,000 tonnes or 43,000 tonnes per day, similar to the 3,876,000 tonnes or 43,000 tonnes per day mined in the first quarter.

The significant improvement in cash production cost per ounce is due to the higher production resulting from improved grades and recovery. Including deductions, treatment and refining charges, royalties and export taxes, cash operating cost per ounce is $14.98 compared to $36.61 for the first quarter 2010. At the beginning of the quarter, operations began encountering zinc in the mined ore, and the mill optimized the current circuit to produce a saleable zinc concentrate. The mill produced 896,000 pounds of zinc and shipments commenced at the end of June. In July, the mine produced approximately 614,300 ounces of silver with grades of 277 grams of silver per tonne and recoveries of 65.3%, exceeding the second quarter average grades and recoveries.

During the second quarter, mining activity continued through a transitional horizon as well as exposing some sulphide ore. Operations will continue to mine through transitional ore during the third quarter, with levels of sulphides increasing by the middle of the fourth quarter. Significant progress was made with the metallurgy of the transitional ore during the first six months of this year which resulted in improved mill recoveries. In addition, the mill has started to produce zinc concentrates from the current installed flotation facility. Due to high zinc values encountered in the mine, the company is now anticipating producing 3.0 million pounds of zinc in 2010. The tin circuit is commissioned and will be operated when suitable material is available. Due to the lower tin grades in the initial levels of the mine, tin production is now estimated at 600,000 pounds for 2010 compared to the previous estimate of 800,000 pounds.

The company expects production for the full year of 2010 to be seven million ounces of silver at an average cash production cost of $10.00 per ounce of silver (net of by-product credits) and $14.00 per ounce cash operating costs. Please refer to the cautionary note regarding forward-looking statements and non-GAAP financial performance measures contained in the Management Discussion & Analysis.

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