Stocks On The Pennytobuck Watchlist For August 31st, 2010
Gold American Mining Corp
Gold American Mining Corp. (OTC.BB:SILA) is pleased to announce that Mr. Juan Manuel Jimenez has agreed to join SILA's team as Technical Advisor - Mexico. Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. He brings great value to the company given his vast knowledge of precious and base metals exploration in the regions where Gold American operates.
Mr. Jimenez has extensive experience in all phases of mineral exploration and development, with a particular focus on surface and underground drilling, as well as geophysical exploration methods. He has managed and supervised significant exploration projects in the Mexican mining industry and throughout his distinguished career, he has been directly involved in programs resulting in the identification, acquisition, delineation and discovery of significant gold and silver deposits.
His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corp. (acquired by $29B NYSE-listed Newmont Mining Corp.), Homestake Mining Corp., and Minera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.) Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.
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.
American Power Corp. (OTC.BB:TGMP) is pleased to announce that it has retained Weir International Inc. of Downers Grove, Illinois ("Weir") to prepare an exploration drilling program and to supervise the execution of that program, in order to evaluate the coal reserve potential on the Pace coal property in Judith Basin County, Montana.
Weir is an internationally recognized consulting firm that has provided engineering consulting services to the American and international mining and energy industries for over 75 years. Weir has prepared coal reserve reports for several established mining companies including BHP Billiton, the world's largest mining company by market cap at $183bn, among many other major coal producers including Arch Coal Inc., publicly traded on the NYSE, and America's second largest coal producer.
In September of 2008, Weir International conducted a preliminary review of 30 stratigraphic test wells drilled in 1979 by Mobil Oil Corp. (now ExxonMobil Corp.) on the Pace Coal Property. A reserve report was not completed at that time but Weir International stated that the in-place coal resources of the drilled area could exceed 200 million tons, and that the undrilled controlled properties could have substantial additional resources.
TGMP is a publicly traded, dynamic energy company based in Denver, Colorado. TGMP was established with the focus of acquiring near-term, large-scale coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
TGMP is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. The estimated resources in place, based on exploration work conducted by Mobil Oil Co. (now ExxonMobil Corp.), and in several independent studies, range from 172 million up to 410+ million tons of high volatile bituminous B coal.
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by: Bill Pennyman
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