subject: Pennytobuck Stock Update On Pwe, A, Sila [print this page] Gold American Mining CorpGold American Mining Corp. (OTCBB:SILA) is pleased to report 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.
The 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-listed Yamana Gold Inc.'s Mercedes project, a development stage gold-silver project. Eighteen miles to the north of SILA's La Escondida project is the Oroco Resources Corp.'s Cerro Prieto project, which recently reported 383,833 ounces gold and over 6 million ounces of silver reserves.
The high-grade vein-hosted silver and gold target consists of two veins. One vein is exposed over an area at least 800 meters long and is reported to be 3-5 meters wide. The second vein is exposed over an area at least 500 meters long and is reported to be 1-2 meters wide. The disseminated zone is found between these two veins, approximately 100 meters wide. These zones are open both along strike and at depth.
Gold American Mining Corp. 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.
Penn West Energy Trust (NYSE:PWE) confirms that its August 2010 cash distribution will be CDN$0.15 per trust unit payable on September 15, 2010 to unitholders of record on August 31, 2010. The ex-distribution date is August 27, 2010. The CDN$0.15 per unit is equivalent to approximately US$0.14 per unit (before deduction of any applicable Canadian withholding tax) using currency exchange of one Canadian dollar equals US$0.95. Registered unitholders with U.S. addresses will receive their distributions directly from Penn West's transfer agent, and will be paid in U.S. currency using the exchange rate in effect on the record date. Non-registered U.S. unitholders will receive their distributions through their brokers.
Agilent Technologies Inc. (NYSE:A) and the Agilent Foundation today announced that Dr. Thomas Hartung has received an Agilent Thought Leader Award in support of his research for the use of toxicity pathways to predict developmental neurotoxicity. This work could help identify possible contributions of chemicals to disorders such as autism and attention hyperactivity disorders. Dr. Hartung recently was named a leading toxicologist by the science journal Nature.
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