The i-Technology Media!
Register | Log in
   
 
.NET  ·  AJAX  ·  CLOUD  ·  ECLIPSE  ·  FLEX  ·  OPEN WEB  ·  iPHONE  ·  JAVA  ·  LINUX  ·  OPEN SOURCE  ·  ORACLE  ·  PBDJ  ·  SEARCH  ·  SILVERLIGHT  ·  SOA  ·  VIRTUALIZATION  ·  WEB 2.0  ·  WIRELESS  ·  XML
Comments
Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
read more & respond »
Cloud Expo on Google News
Did you read today's front page stories & breaking news?

Cloud Expo & Virtualization 2011 West
Keynotes
Oracle
Opening Keynote | An Enterprise Cloud for Business-Critical Applications
Abiquo
Day 2 Keynote | The Enterprise Cloud Tightrope - Balancing for Success
Akamai
Day 3 Keynote | The DNA of an Enterprise Cloud
DIAMOND SPONSOR:
Oracle
Many Clouds, Many Choices'Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Enterprise Cloud Best Practices - Town Hall - Join the discussion…
PLATINUM SPONSORS:
Intel
Progressing Toward the Federated, Automated and Client-Aware Cloud
New Relic
How to build an app with Twitter-like throughput
Rackspace
Computing in the Cloud Era
GOLD SPONSORS:
Gale Technologies
Practical Cloud Migration
IBM
Re-think IT. Re-inventing Business.
Intel/McAfee
Identity Driven Security in the Cloud
PerspecSys
Hackers Hackers Everywhere, Is My Public Cloud That Safe?
Red Hat
Unlock the Value of the Cloud
SHI
Mission Critical Applications and the Cloud - Myth or Reality?
SoftLayer
Not Your Grandpa's Cloud
Terremark
Integrating Enterprise Clouds
VMware
Upgrade to a vCloud
POWER PANELS:
Cloud Expo Silicon Valley: CTO Power Panel
Cloud Expo Silicon Valley: CEO Power Panel
Cloud Expo Silicon Valley: Cloud SuperStars Panel
Cloud Expo Silicon Valley: CloudNOW Panel
Click For 2010 West
Event Webcasts
Cloud Expo & Virtualization 2011 East
DIAMOND SPONSOR:
Dell
Dell & VMware Deliver the Enterprise Hybrid Cloud
PLATINUM PLUS SPONSORS:
Abiquo
Are Financial Services Organizations Risking Security by Avoiding Cloud Computing?
Oracle
From Consolidation to Enterprise Private PaaS
PLATINUM SPONSORS:
Intel
Driving the Transformation to Next Generation Cloud Data Centers
Rackspace
The Inevitability of an Open Cloud
GOLD SPONSORS:
CA Technologies
Follow YOUR path to Cloud Computing
Interxion
Who Keeps the Cloud in the Air?
Microsoft
Patterns for Cloud Computing
PerspecSys
War in the Clouds: Are you ready?
ServiceMesh
The Big Win: Stop Playing Small-Ball with Your Cloud Strategy
Terremark
Evaluating Enterprise Clouds
Xiotech
Cloud Storage: Myths and Realities
POWER PANELS:
Cloud Expo New York: CTO Power Panel
Cloud Expo New York: CEO Power Panel
Cloud Expo New York: CMO Power Panel
Cloud Expo New York: Wrap-Up Power Panel
Click For 2010 West
Event Webcasts
Live Google News by SYS-CON!
Top Three Links You Must Click On


From the Wires
StoneShield Signs Letter of Intent for Cumaral Gold/Copper Project, Mexico: Reviews Gold Projects in Colombia;Grants Stock Options

By: Marketwire .
Nov. 23, 2009 01:39 PM

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/23/09 -- StoneShield Capital Corp. (TSX VENTURE: STS) ("StoneShield" or the "Company") announced today that the Company signed a Letter of Intent ("LOI") pursuant to which StoneShield has been granted an option to earn a 100% interest the Cumaral gold/copper porphyry project ("Cumaral") located in the Sonora State, Mexico. This is the first of several projects the Company is evaluating for exploring in Mexico, with a focus on the most prolific belts in Sonora, Durango and Zacatecas.

StoneShield and its advisors are currently also reviewing and evaluating gold projects in the country of Colombia. Recent large, high-grade gold discoveries in Colombia made by Ventana Gold Corp. and Anglogold Ashanti Corp., coupled with the fact that mineral-rich Colombia has seen relatively little modern mineral exploration employed on its soil, support StoneShield's decision to review and evaluate opportunities for new Colombian gold discoveries.

"As a new company with very few shares outstanding, StoneShield is well-poised to take advantage of the strong, renewed interest in companies focused on exploration and development in gold, silver and copper projects," commented Kris Kottmeier, Company President and CEO. "Both Colombia and Mexico present excellent opportunities for StoneShield to acquire and explore projects set in highly prospective mineralized regions. While numerous opportunities are being presented to StoneShield in both countries, management is committed to finding the best projects available to maximize shareholder value."

The Cumaral Gold/Copper Porphyry Project

Cumaral is located approximately 100 kilometres northeast of Hermosillo and covers approximately 2068 hectares. Cumaral lies at the southern end of a porphyry belt with productive copper, copper-gold and copper-molybdenum mines that include: Bisbee, Arizona; the Cananea copper and copper-gold mine, Sonora; the Creston copper-molybdenum mine, Sonora; and, the Amoles copper-uranium mine, Sonora. The latter two mines are on trend and located only 15 to 30 kilometres north from Cumaral.

The Cumaral district has a history of lode copper-gold production and gold-silver placer production downstream from the main Cumaral gold-copper skarn. In addition, work by Servicio Geologico Mexicano in the region indicates copper, gold, zinc, arsenic and bismuth in stream sediment anomalies. Test pits by ARONOS, in preparation for the placer mining, returned significant gold and silver mineralization downstream, or south from the main Cumaral project area, indicating a bedrock source for gold-silver upstream.

At Cumaral a sedimentary roof pendant, or window that is three kilometres in diameter is surrounded, intruded, and mineralized by quartz-monzonitic and granodioritic intrusive rocks of the Sonora copper porphyry belt. At numerous places throughout the Cumaral mining district, many skarn bodies and associated hydrothermal deposits, occurring in multiple mine workings and prospects, suggest the potential for a large gold-bearing copper porphyry system.

Under the terms of the arm's length LOI with Elsa Susana Acosta Garcia, StoneShield can acquire a 100% interest in Cumaral by making cash payments of US$673,000 as follows: US$8,000 on signing the LOI, US$5,000 by December 15, 2009, US$10,000 by six months from the date of TSX Venture acceptance ("Acceptance"); US$20,000 by twelve months from the date of Acceptance; US$40,000 by eighteen months from the date of Acceptance; US$80,000 by twenty-four months from the date of Acceptance; US$160,000 by thirty months from the date of Acceptance; US$320,000 by thirty-six months from of the date of Acceptance; and an additional US$30,000 on or by the earlier of the commencement of drilling on Cumaral and thirty-six months from the date of Acceptance. While StoneShield has sufficient funds to make initial payments, full payments to acquire Cumaral will be subject to financing. The transaction is subject to acceptance by the TSX Venture Exchange.

The qualified person for StoneShield under National Instrument 43-101 is Mr. Allen Ambrose, P.Geo.

Stock Options

The Company announces that it has granted 480,000 incentive stock options to the directors and consultants of the Company. The options will be exercisable for a five year period at $0.11 per share.

StoneShield is a publicly traded exploration company focused on the discovery of high-value precious metals deposits in North and South America. The Company's experienced management team boasts multiple discoveries, and brings over 70 years of combined experience in the mining and exploration sector. Please visit the Company's web site address at www.stoneshieldcapital.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF STONESHIELD CAPITAL CORP.

Kris Kottmeier, President/CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
StoneShield Capital Corp.
Benjamin Curry
Investor Relations
(604) 689-2881 or Toll Free: 1-877-689-2881
www.stoneshieldcapital.com

Published Nov. 23, 2009— Reads 135
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
About Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers

ADS BY GOOGLE

Breaking Java News
PR Newswire India Launches New Press Release Distribution Website
PR Newswire India Launches New Press Release Distribution Website
Sikorsky Signs with Korea Coast Guard for S-92® Helicopter for Multi-Purpose Helicopter Program
Melrose Jewelers Launches a New Cupid Collection of Rolex Watches, Celebrating This Valentine Season
Sikorsky to Open Office in Malaysia
Glimmerglass Demonstrates Breakthroughs in Cyber Security at ISS World Middle East and Africa 2012
Epion Health Wins First Place at Mobile Health Conference
Kate Upton is the 2012 Sports Illustrated Swimsuit Cover Model

ADVERTISE   |   MAGAZINE SUBSCRIPTIONS   |   FREE BREAKING-NEWSLETTERS!   |   SYS-CON.TV   |   BLOG-N-PLAY!   |   WEBCAST   |   EDUCATION   |   RESEARCH

.NET Developer's Journal - .NETDJ   |   ColdFusion Developer's Journal - CFDJ   |   Eclipse Developer's Journal - EDJ   |   Enterprise Open Source Magazine - EOS
Open Web Developer's Journal - OPENWEB   |   iPhone Developer's Journal - iPHONE   |   Virtualization - Virtualization   |   Java Developer's Journal - JDJ   |   Linux.SYS-CON.com
PowerBuilder Developer's Journal - PBDJ   |   SEO / SEM Journal - SJ   |   SOAWorld Magazine - SOAWM   |   IT Solutions Guide - ITSG   |   Symbian Developer's Journal - SDJ
WebLogic Developer's Journal - WLDJ   |   WebSphere Journal - WJ   |   Wireless Business & Technology - WBT   |   XML-Journal - XMLJ   |   Internet Video - iTV
Flex Developer's Journal - Flex   |   AJAXWorld Magazine - AWM   |   Silverlight Developer's Journal - SLDJ   |   PHP.SYS-CON.com   |   Web 2.0 Journal - WEB2
Apache   |   CMS   |   CRM   |   HP   |   Oracle Journal   |   Perl   |   Python   |   Red Hat   |   Ruby on Rails   |   SAP   |   SaaS

SYS-CON MEDIA:   ABOUT US   |   CONTACT US   |   COMPANY NEWS   |   CAREERS   |   SITE MAP
SYS-CON EVENTS:   |  AJAXWorld Conference & Expo  |  iPhone Developer Summit  |  Cloud Computing Conference & Expo  |  SOA World Conference & Expo  |  Virtualization Conference & Expo
INTERNATIONAL SITES:   India  |  U.K.  |  Canada  |  Germany  |  France  |  Australia  |  Italy  |  Spain  |  Netherlands  |  Brazil  |  Belgium
 Terms of Use & Our Privacy Statement     About Newsfeeds / Video Feeds
Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media.
Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited.
 
close this window