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 Mexico's oldest mining districts, roughly 5 miles north of the Fresnillo (Proaño) Mine, the world's richest underground silver mine, operated by Fresnillo plc. Roughly 6.8 miles to the southwest of Silver America's Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc, which is known as one of the world's 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 Peñoles (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 American's website at www.gold-american.com.
Cono Italiano, Inc. (OTC.BB:CNOZ) announces the acquisition of the North American Distribution, Manufacturing and Licensing Rights for Pizza Cono, the developer of a drip-free cone made from proprietary dough designed to be consumed while on the go, from Spuntibreak S.r.l. and Pizza Hands of Milan, Italy. Pizza Hands can be identified worldwide by its trademark P Group, with licensees throughout the world and sales in excess of $40M in 2009.
Mitchell Brown, CEO of Cono Italiano, Inc., stated, We are anxious to introduce Pizza Cono to the North American Market and gain the company's market share of the $4.4 billion frozen pizza category. Frozen pizza is among the fastest growing categories in supermarkets and convenience stores.
Papa John's International, Inc. (NASDAQ: PZZA) recently made the announcement the appointment of Tom Sterrett to Senior Vice President, International. Sterrett will be responsible for overseeing all aspects of the company's international operations, consisting of more than 700 restaurants in 28 countries.
Sterrett has been with Papa John's for more than 15 years serving in a variety of operations roles, most recently as Papa John's Division Vice President for the South division since 2008 where he helped lead the division to record sales and profits.
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