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Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) yesterday released the results of an independent random sampling study conducted on unmapped adits on War Eagle Mountain, a gold property. Silver Falcon Mining, Inc. has developmental and operating rights to 14 deep-shaft mines covering the Mountain's primary epithermal gold and silver-producing veins. War Eagle Mountain has produced approximately 415,000 oz. gold-equivalent to date, worth nearly $ 270 Million. The adits survey performed by D.A. Yeager and C.K. Ikona of Pamicon Developments, Ltd. states: "Limited mapping and samplings were carried out in various underground workings to try and identify any potential ore zones or areas warranting intensive exploration. Veins were sampled where they were obviously mineralized and no attempt was made to sample at the short intervals commonly used to block out ore reserves, as this type of sampling was beyond the scope of this program. However, two groups of samples taken were extremely interesting in their content: Keystone Adit: 63 g/t Gold (2.2 oz Gold/ton) 1,109 g/t Silver (39.1 oz Silver/ton) Illinois Central Adit: 477 g/t Gold (16.9 oz Gold/ton) 3,180 g/t Silver (112.2 oz Silver/ton)" Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., added, "There are many areas on the properties that have not yet been explored and mapped. We were definitely surprised by the sampling done on the 'Keystone' and 'Illinois' areas. The results of this sampling, reinforces the feeling amongst geologists that War Eagle Mountain's mineralization is pervasive. Exploration efforts thus far created a better understanding where initial mining efforts should be focused, and which mines are more valuable." Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
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Basin Precious Minerals Inc. (OTCBB: WITM), up eight percent on .2 million shares, announced Friday that it is nearing the successful completion of the business development plan it implemented in the fall of 2006 for the Bates-Hunter Mine in Central City, Colorado. The Company has been actively involved in monitoring the successful discharge of water from the mine. The quality of the discharged water has been found to be cleaner than the creek water into which it feeds.
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Hologic, Inc. (Nasdaq: HOLX), down 3% on 1 million shares, a diversified diagnostic and medical product and device company dedicated to serving the healthcare needs of women, announced yesterday its intention to offer to sell, subject to market and other conditions, $1.3 billion aggregate principal amount of convertible senior notes due 2037 pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Company expects to grant to the underwriters an option to purchase up to an additional $195 million aggregate principal amount of notes to cover overallotments. Goldman, Sachs & Co. is acting as sole book-running manager of the offering.
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Park Place Energy Corp. (OTCBB: PRPL), up 5% on .2 million shares, announced today that the Operator of the 14-5-81-17 W6M Well (the "14 of 5 Option Well") has advised the Corporation that the 14-5 Option Well has been logged and cased to total depth. For competitive reasons, effective immediately, the Operator has assigned tight hole status to the 14 of 5 Option Well which means that no additional information will be released until further notice from the Operator.
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KANA Software Inc (OTCBB: KANA), up 1% on .2 million shares, a provider of multichannel customer service, announced on Friday that JetBlue Airways, based in Forest Hills, New York, USA, is the recipient of the 2007 Summit Award for outstanding achievement in customer service. The KANA Summit Award annually recognises an organisation that has demonstrated the highest commitment to service excellence with KANA's multichannel products used to achieve peak performance.
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