subject: Sila And Tgmp On Pennytobuck's Watchlist For August 24th, 2010 [print this page] American Power Corporation (OTCBB:TGMP) American Power Corporation (OTCBB:TGMP)
America is the worlds largest primary energy consumer, the breakdown is as follows:
Oil: 38.4%
Natural Gas: 26.1%
Coal :24.6%
Nuclear: 8.4%
Hydroelectricity: 2.5%
As the US Population continues to grow, so too does the energy demand required for travel, housing and consumer goods and services etc.
According to the US Energy Information Administration (EIA), by 2035 the US population will have grown 28% from its 2008 level, increasing primary energy consumption over that same period by 14.4% (from 100.1 quadrillion Btu in 2008 to 114.5 quadrillion Btu in 2035)
Established with the focus of acquiring near-term, large-scale advanced coal projects in close proximity to national transportation links, and with nearly 50 percent of America's electricity needs currently provided by coal, the Denver-based company envisions developing its large coal resources to support electricity generation.
American Power Corp. trades on the NASD OTC BB under ticker symbol TGMP. Shareholders are invited to contact corporate communications toll free at (800) 537-1110 for further information or visit the Company website at www.americanpowerco.com to download our Fact Sheet and Corporate Profile.
American Power 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 Company (now ExxonMobil Corporation), and in several independent studies, range from 172 million up to 410+ million tons of high bituminous coal. All of the studies are available for download in the Projects section of the Company website.
TGMP's Board appointed mining executive Mr. Al Valencia as President and Chief Executive Officer (CEO) on August 1st, 2010.
Mr. Valencia has been involved at both the corporate and government level in mining related projects, including working for the Peruvian government and in association with various investment banks such as Credit Suisse on the privatization of mining units (copper, zinc, and lead) in Peru valued in the hundreds of millions of dollars.
Gold American Mining Corporation (OTCBB:SILA)
SILA has recently announced additional positive results from its Guadalupe property, located in the heart of the Fresnillo district, Zacatecas, Mexico.
The fieldwork conducted by SILA 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.
Johannes Petersen, President of Gold American said 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.
THE GUADALUPE PROPERTY
The Guadalupe property contains two historically significant mines and is located in one of Mexicos oldest mining districts, roughly 5 miles north of the Fresnillo (Proao) Mine, the worlds richest underground silver mine, operated by Fresnillo plc. Roughly 6.8 miles to the southwest of Silver Americas Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the worlds 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 Peoles (either through Fresnillo or other subsidiaries and partners).
Gold American Mining Corporation is a publicly traded 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 Americans website at www.gold-american.com.
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