subject: Stock Update On Tgmp And Sila From Pennytobuck.com [print this page] American Power Corporation (OTCBB:TGMP) American Power Corporation (OTCBB:TGMP)
TGMP recently reported that the Board appointed mining executive Mr. Al Valencia as President and Chief Executive Officer (CEO) on August 1st, 2010.
Mr. Valencia's mining experience is matched by his experience in investment banking and corporate finance. Having earned an M.A. in Economics from Syracuse University, New York, he has held various positions in New York, Washington, DC, and in Latin America.
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.
Mr. Valencia commented "I'm very excited with my appointment as American Power's new President and CEO."
Mr. Valencia also stated "With nearly 30,000 acres in Montana's Judith Basin County, we have significant holdings with high potential. Now we can move forward and build on the previous exploration work conducted by ExxonMobil in 1979 and the findings of several other reports on the property that indicate there is up to 410+ million tons of high volatile bituminous coal in place. That's a tremendous opportunity to be part of, and I'm looking forward to maximizing its potential."
TGMP is a publicly traded, dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale advanced 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 bituminous coal. All of the studies are available for download in the Projects section of the Company website. More information on TGMP can be found at americanpowerco.com
Gold American Mining Corporation (OTCBB:SILA) is pleased to provide an update on the Guadalupe property.
SILA was pleased to announce that the geophysics program at the Guadalupe property was completed on July 20, 2010. The final work performed during this phase of exploration included a total of 20.5 line kilometers of magnetic and induced polarization surveys, additional sampling of the area and the mapping of newly identified historic workings. We anticipate having the final plans and interpretation for the geophysics program within the next two weeks, as well as the assay results of the sampling carried out. Please visit our photo gallery on http://www.gold-american.com to review the latest pictures on our field program at the Guadalupe property.
Johannes Petersen, President of Gold American said We are very satisfied with the work progress on our properties as we continue to evaluate other interesting exploration properties with a view to add them to our portfolio.
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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