TLR, SILA, EGLE Stocks To Watch From Dr.StockPick.com
Monday, September 13th, 2010
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SILA, Gold American Mining Corp., SILA.OB
Gold American Mining Corp was incorporated in 2007 under the name of Silver America Inc. The company recently underwent a name change to Gold American Mining Corp on June 23rd, 2010. The company is engaged in exploration and acquisition of precious metals and mineral resource properties in United States.
SILA’s 245-acre Keeno Strike Property is located roughly 30 miles southwest of Las Vegas in the Goodsprings/Yellow Pine Mining District, which, in addition to containing deposits of copper, cobalt, nickel, zinc and lead, has produced significant quantities of gold and silver.
The Keeno Strike property itself contains the historical Monte Cristo mine and, to the south, the Keeno-Mint prospect, which has been developed by a 40-foot shaft and two adits (i.e., nearly horizontal mine entrances) of less than 100 feet.
The project’s exploratory work program will test ~1.1 million ounces of gold and ~69.0 million ounces of silver potential, which would be accessible via open-pit bulk handling methods unavailable to the industry at the time these properties were initially developed.
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced the launch of Eagle Bulk Pte, Ltd., a freight trading operation established under the leadership of Keith Denholm. Mr. Denholm brings more than 25 years of experience in dry bulk trading, serving most recently as Commercial Director at Pacific Carriers Limited (Singapore) and Malaysian Bulk Carriers Berhad. Eagle Bulk’s trading capabilities will extend the Company’s global presence, which includes a new office in Singapore, to capitalize on value creation strategies in spot trading, contracts of affreightment, and time charter in/out, among others.
Eagle Bulk Chairman and CEO, Sophocles N. Zoullas, commented, “During the past five years, Eagle Bulk has profitably established deep commercial and market relationships and a strong brand in global shipping markets. With the launch of freight trading capabilities and Keith’s addition to the team, we are poised to optimize revenue from these assets throughout shipping cycles. In support of this effort, we have assembled a stellar, deeply-experienced team – a competitive advantage that will be instrumental to our success.”
Timberline Resources Corporation (NYSE Amex:TLR) issued a corporate update including its key messages, objectives and goals, and reported on the status of its current corporate and exploration activities, including the Timberline “new look” program.
Timberline’s corporate vision and strategy follows on the successful formation of the Butte Highlands Joint Venture in late 2009, and completion of the acquisition of Staccato Gold Resources Ltd. and its South Eureka, Nevada Property in June, 2010.
The Company’s primary focus is based upon its expertise in exploration and development of advanced-stage precious metal properties. With a proven track record of exploration and mining veterans leading the Company and at the board level, together with cash flow from its 100%-owned drilling subsidiary, Timberline Drilling, the Company has reduced risk and provides an attractive investment opportunity.
Timberline is a U.S.-based exploration/development company with a focus on advanced-stage precious metals properties. The Company’s management team has a solid track record of achievement in building successful companies and discovering, exploring, and developing economic mineral deposits. Currently, Timberline is executing an aggressive exploration program at its South Eureka Property, a large drill-tested and highly prospective property in Nevada’s Battle Mountain – Eureka gold trend.
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