(GBLHF.PK, PZG, ONP, MJGCF.PK, MDW) Notable Stock by DrStockPick.com
Global Hunter Corp. (GBLHF.PK)
Copper is a metal with an extremely high electrical and thermal conductivity, second only to silver; it has a high corrosive strength. It is easy to work, extremely ductile and malleable. Its impermeability, resistance to ultraviolet light, resistance to low temperatures, which enable it to be installed in cold periods without any risk of breakage, constitute a high added value and give the product unique features that are a permanent guarantee of maximum reliability.
Copper tubes are used on a worldwide scale for carrying drinking water, for heating systems, gas distribution, in hospital medical gas carrying systems, as well as in air-conditioning and refrigeration applications and several types of industrial use.
The modern technologies used to work the raw material and subsequently manufacture the finished product, together with strict quality controls, make copper tubes an avant-garde and absolutely reliable product for all applications in which they are used.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alter! ation zo nes tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca/homeabout.html
Paramount Gold and Silver Corp. (AMEX:PZG) announced new core drill results from its 100% owned Sleeper Gold Project in Nevada that have likely increased the grade of the Facilities Zone resource and confirmed the presence of gold mineralization in a new area, the Sleeper South Extension Zone located south of the historical pit and under the south waste dump, which is expected to add to resources.
Paramount Gold and Silver Corp., an exploration stage mining company, engages in the acquisition, exploration, and development of gold, silver, and precious metal properties in Mexico and the United States.
Orient Paper, Inc. (AMEX:ONP) announced that the Company’s Chairman and Chief Executive Officer, Mr. Zhenyong Liu, intends to purchase up to $400,000 worth of the Company’s common shares in open-market transactions during the next three months.
Orient Paper, Inc., through its subsidiaries, engages in the production and distribution of paper and paper products in the People’s Republic of China. It offers various paper products, such as corrugating medium paper, medium and high-grade offset printing paper, writing paper, digital photo paper, and other paper and packaging related products.
MAJESTIC GOLD CORP (MJGCF.PK)
MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
The world today is full of electronic circuit boards, from computers to cell phones. Because gold is a highly efficient conductor, it’s used to make the bonding wires that connect those circuit boards’ components — and there are thousands of connections on a single circuit board. For centuries, gold has been used to make stained glass and not just golden-hued glass, either. Using gold as a catalyst in making paints and adhesives could lead to the elimination of toxic mercury from the process. In chemical processes, a gold catalyst can lower both the temperature and pressure needed to start a reaction, thereby reducing the amount of fuel needed and thus the cost of production.
MAJESTIC GOLD CORP (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s leng! th from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
For more information about MAJESTIC GOLD CORP. Visit its website: http://www.majesticgold.net
Midway Gold Corp. (AMEX:MDW) announces that the Company’s initial drilling on its Gold Rock Project, White Pine County, Nevada intercepted 33.5 meters of 2.06 grams per tonne (gpt) gold, including 7.6 meters of 4.18 gpt gold, in drill hole GR11-05. Additional intercepts include 48.8 meters of 0.96 gpt gold in drill hole GR11-07, and 18.3 meters of 0.82 gpt gold in drill hole GR11-03.
Midway Gold Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. Its principal properties include the Spring Valley, Midway, Pan, and Gold Rock gold and silver mineral proper! ties loc ated in Nevada; and the Golden Eagle gold mineral property located in Washington.
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