August 21st Stock Update On Dara, Nrim And Sila
Gold American Mining Corporation (OTC BB:SILA)is pleased to announce it has signed
an option agreement to acquire a 100% interest in the high-grade silver-gold La Escondida Project located in Sonora State, Mexico.
La Escondida property is comprised of two mineral concessions that cover 439.8 acres approximately 124 miles northeast of the city of Hermosillo in Sonora State, Mexico.
Nineteen miles to the northeast of the property is (NYSE:AUY)Yamana Gold Inc.s Mercedes project, a development stage gold-silver project expected to start production at a rate of approximately 120,000 gold equivalent ounces per year from 2012. Eighteen miles to the north of SILAs La Escondida project is the Oroco Resources Corporations Cerro Prieto project, which recently reported 383,833 ounces gold and over 6 million ounces of silver reserves.
La Escondida property is host to two distinct mineralized targets associated with a fault: a bulk tonnage-style gold-silver-lead disseminated area and a high-grade epithermal vein-hosted silver and gold area.
Northrim BanCorp, Inc. (Nasdaq:NRIM) announced its Board of Directors increased its regular quarterly cash dividend 20% to $0.12 per share on its common stock. The dividend is payable September 17, 2010, to shareholders of record at the close of business September 9, 2010. Northrim has paid a regular quarterly cash dividend since 1995.
On July 21, 2010, Northrim reported net income in the second quarter of 2010 increased 14% to $2.1 million, or $0.33 per diluted share, compared to $1.9 million, or $0.29 per diluted share, in both the first quarter of 2010 and the second quarter a year ago. For the first half of 2010, profits grew 5% to $4.0 million, or $0.62 per diluted share, from $3.8 million, or $0.60 per diluted share, in the first half of 2009. Northrim's tangible common equity to tangible assets at quarter end was 10.53%, up from 10.23% a year earlier.
DARA BioSciences, Inc. (Nasdaq:DARA) announced that the company has been selected by the Scientific Program Committee to present at the Congress on September 1, 2010 in Montreal.
The presentation will provide results from analyses comparing outcomes of a subset of patients with Chemotherapy-induced Peripheral Neuropathy (CIPN) in the KRN5500 (active) and placebo treatment groups. Proof of Concept primary endpoint efficacy and safety results have previously been released. The subset of patients with CIPN included 17 of 19 total patients in the study. Median changes from baseline comparing the active and placebo groups with CIPN will be provided, and regression analysis will demonstrate the dose-response relationship.
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by: Bill Pennyman
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