Gold Assay Results Reveal Average Content of 44 Grams Gold Per Ton of Ore at Aroroy Gold Rush Site
ORO Operation Reach Out USA to be Incorporated as a Non-Stock/Non-Profit Organization in the State of Nebraska, Pearl Asian Mining Announces
Further, Pearl Asian Mining Announces New Investor Relations Officer for USA & Europe
Pearl Asian Mining Industries, Inc., with Stock Symbols U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z.DE) and (FWB: R1Z.F), announces the positive results of laboratory assays done by McPhar Geoservices (Philippines) on ore samples from the Aroroy Gold Rush Site in Masbate Province very near XYZ mine, revealing average gold content of 44 grams Au per ton of ore. ?This is one of the reasons why we are fast-tracking the negotiations to operate one promising area of the Aroroy Gold Rush Site,? states Randolf Villanueva, Executive President of Pearl Asian Mining Industries, Inc.
It is expected that negotiations with the landowner will be concluded within the month of May, and mobilization to commence operation to begin immediately thereafter. Subsequently, operations in another promising mine site, Gango Gold Rush site in Bukidnon Province near the vicinity of Binasan Mine Project Cagayan de Oro, is expected to commence before the end of June 2007, with the expected completion of the initial feasibility study this week. Villanueva adds, ?Before the end of June, Pearl Asian Mining is foreseen to be commercially operating 3 small-scale gold mines, as minimal development of infrastructure is expected in these areas considering the presence of roads in both sites and, equally important, operational gold processing equipment are on-site as well.?
Meanwhile, Pearl Asian announces that ORO - Operation Reach Out USA, a non-stock/non-profit organization, has applied for incorporation in the State of Nebraska to facilitate fund-raising efforts for PAIM?s Outreach Programs at its mine sites. Jason Piamonte, PAIM CEO for USA and Europe, states: ?Aside from the obvious benefit of facilitating immensely PAIM?s fund-raising activity to improve the living conditions/livelihood of communities wherein the company operates mines, it also serves a substantial economic/financial benefit for PAIM as well. Firstly, this will ensure that the communities continue to welcome PAIM?s operations, as community acceptance is a vital component for continued operations of mines under Philippine laws. Secondly, part of the funds raised will allow PAIM to recover the company?s financial resources advanced for its community relations projects such as construction of roads, churches/temples, the healing center, the Jennifer Bosaw Academy (the Binasan Pearl Learning Center), etc. In other words, PAIM may be reimbursed these funds and use these for improvement of operations such as upgrading of equipment/facilities to increase gold production, and to cover other vital operating expenses.?
Donations to ORO Operation Reach Out USA in cash or in kind may be made through Mrs. Jennifer Lyn Bosaw, President/Treasurer at 1601 Hedgeapple Rd., Plattsmouth, Nebraska 68048, Phone # (402) 212-7841, Fax # (347) 214-7841. Likewise, cash donations may be sent via SAC Federal Credit Union payable to: Operation Reach Out USA or via Paypal email address: orojennifer@charter.net. Pearl Asian Mining Industries would like to extend its heartfelt appreciation for the untiring efforts of the Bosaw couple, especially Mrs. Bosaw who is fulfilling her role as President/Treasurer of ORO Operation Reach Out USA pro bono.
Furthermore, Pearl Asian Mining announces the appointment of Jeffrey Alan Bosaw as the new Investor Relations Officer for PAIM & PROL. This management decision to engage a highly experienced and very knowledgeable IR Officer within the USA will enable the company to handle effectively and efficiently the ever-increasing inquiries of the company?s shareholders.
Forward-Looking Statements:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Pearl Asian Mining Industries Inc.
Jeffrey Alan Bosaw, 402-212-7840 or 011-63-2-567-5163
Fax: 877-317-4430
Direct e-mail: bosawj@charter.net
E-mail: IR@PearlAsianMining.com
www.PearlAsianMining.com
|
Thread abonnieren
ETF-Sparplan