Stock Alert On Sila, Spwra And Avp From Pennytobuck.com
Gold American Mining Corporation (OTCBB:SILA) is pleased to announce that it has
received the final ground geophysics report on its Guadalupe property and confirms that the recently concluded geophysics program has identified multiple potentially significant geophysical anomalies.
The geophysical survey was designed to test down to depths of 500 metres. The key results from the geophysics program are:
Magnetic susceptibility survey was successful in identifying the trace near the surface extensions of the known veins. The presence of additional parallel anomalies suggests the potential for additional veins that do not outcrop.
Induced Polarization anomalies indicate the potential for down dip extensions to the main veins within the property.
A potentially significant chargeability anomaly (Induced Polarization) occurs in the southern portion of the property in between the Santa Rosa and San Antonio Mines at depth starting at 400 m, which is below the known depth of these historically important mines.
Johannes Petersen, President of Gold American stated, "The final results and interpretation of the geophysics results on our Guadalupe property have given us very attractive drilling targets. We are in the process of acquiring firm bids from several qualified drilling contractors and initiating the permitting process for the next phase of exploration of this exciting project."
He also stated some great news that SILA is on track to initate their drilling operations in the Guadalupe property during the 4Q of 2010.
About Guadalupe Property
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 (Proao) 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 Corporation (MAG) and Fresnillo plc, which is known as one of the world's highest grade undeveloped silver resources.
SILA is a 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, SILA has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
SunPower Corporation (Nasdaq:SPWRA)
SunPower Corporation designs, manufactures, and markets solar electric power technologies. The company operates in two segments, Components and Systems. The Components segment manufactures and sells solar power products, including solar panels and inverters, which convert sunlight to electricity compatible with the utility network. This segment sells solar components for use in residential and commercial applications to installers and resellers, including its third-party global dealer network. Its products are also used in multi-MWac solar power plant applications. The Systems segment sells solar power systems directly to system owners and developers.
SunPower Corp. today announced that SunPower world-leading solar technology has been selected for installation at several U.S. government properties, including for the Department of Energys National Renewable Energy Lab (NREL), the General Services Administration (GSA), the Navy and the Air Force. SunPower expects to create more than 1000 local jobs during the construction of these projects. These contracts represent a minimum of 20 megawatts (MW) of new solar projects for SunPower.
SunPower has worked with federal agencies since 1999, resulting in the installation of more than 20 MW of solar power systems at government facilities, said Karen Butterfield, SunPowers director of federal accounts. As a result, SunPower has the experience and credibility to successfully navigate the federal procurement process and deliver reliable, high performance solar systems that meet agency requirements. With the addition of a U.S.-based panel manufacturing facility this year, we have also bolstered our ability to serve this growing demand.
Avon Products, Inc. (NYSE:AVP)
Avon, the company for women, is a leading global beauty company, with over $10 billion in annual revenue. As the worlds largest direct seller, Avon markets to women in more than 100 countries through approximately 6.2 million active independent Avon Sales Representatives. Avons product line includes beauty products, as well as fashion and home products, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Advance Techniques, Avon Naturals, and Mark.
Avon Products, Inc. will provide a live webcast of its presentation at Barclays Capital Back-to-School Consumer Conference on Tuesday, September 7, 2010 at 11:15 a.m. Eastern Time.
Charles Cramb, Vice Chairman and Chief Finance and Strategy Officer, will present on Avons overall business strategies.
Those wishing to access the webcast and related slide presentation can do so at avoninvestor.com. The webcast and presentation will also be archived on the website for one year.
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by: Bill Pennyman
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