EAGM -- El Alacran Gold Mine Corp.
Website - http://www.alacrangold.com
Email - email@example.com
About El Alacran Mining Corp
El Alacran Gold Mine Corp. was established in 2004 and is a precious metal mining company aggressively engaged in the acquisition, development, and production of properties throughout South America. These include gold, silver and copper mining and related activities, including exploration, extraction, processing, and refining throughout Colombia.
Headquartered in Bogota, Colombia SA., the Company has targeted key locations to explore and produce gold, silver, copper. and other precious metals. The Company has excellent exploration prospects, operating expertise, minimal debt and good cash position which makes this an excellent precious metals investment vehicle.
A/S = 800M
As of Today, April 16, 2007, the total outstanding for El Alacran is 538,146,855 shares.
The float is 245,576,846 shares and there are 292,570,009 restricted shares.
Signature Stock Transfer, Inc.
2301 Ohio Drive Suite 100
Plano, TX 75093
Tel: 972 612-4120
Fax: 972 612-4122
RECENT PRESS RELEASES:
Monday November 27, 10:00 am ET
El Alacran Gold Mine Corp. Releases Initial Technical Data for the Alacran-Scorpio Mine
Initial Data Shows Extensive Quantities of Gold, Silver and Copper
Although the Company has been concentrating recently on the Los Mates Mine in relation to extraction and production of materials, it has also been involved in the initial stages of the Alacran-Scorpio project. Mr. Mario Monroy, the Company's Geology and Geophysics Consultant, released initial technical data pertaining to the Alacran-Scorpio Mine property.
The following statements are directly from the Preliminary Technical Report:
"The Alacran-Scorpio Mine is located in a zone within a tectonic system called The Romeral Fault. Photo geological regional mapping plus field exploration in this area suggests that it is part of an extremely wide basin-form structure with volcano-based mineralization.
"The area has been initially explored by means of pits, trenches, and drilling throughout the various sequences of rocks, finding ores of quartz which confirmed sulfides with 50% pyrite, chalcopyrite, and galena. Gold values reached 2.5 grams per ton at surface/ground level. All testing confirms that this deposit is part of a large volcanogenic sulfide area. It contains gold, silver, and copper in extremely large quantities,
along with other precious metals that are yet to be determined.
"El Alacran Gold Mine Corp. has been reviewing, confirming and comparing many of the third-party findings that were performed throughout the neighboring properties and they fall within the same tectonic system and yield the same results. There are many tunnels that were already excavated during the original invasion of artisan miners, which will allow for easy access and initial extraction of materials.
"Gold and copper are the most prominent of the precious metals on the property, accompanied by silver, zinc, lead and chromium."
This mining zone is located in the Municipality of Puerto Libertador, in the northwestern Province of Cordoba, where it is geographically located on the northern-most end of Colombia's Central Cordillera, in a low range of subdued hills known as the Serrania de Ayapel. The region is filled with a dense network of streams and rivers, the principle of which is the north to northeast flowing San Pedro River, which is what confirms this area as a prime location for mining precious metals.
"The Company initially pursued the Alacran-Scorpio property based on third-party exploration results, but, has furthered such studies through additional trenching and pitting," said Rafael Delgado, C.E.O. of El Alacran Gold Mine Corp. "This exploration data from the Alacran and Scorpio areas continue to indicate the presence of significant near-surface gold and massive copper resources. Through more extensive studies, all numbers, calculations and projections will increment by large amounts. In the meantime, we concentrate our production efforts on our newest joint venture with Los Mates Mine."
The Company continues negotiations with various other mines and properties, which will only add to a rich portfolio of projects.
Tuesday November 21, 9:35 am ET
El Alacran Gold Mine Corp. and Los Mates Mine Confirm Joint Venture
TORONTO--(MARKET WIRE)--Nov 21, 2006 -- El Alacran Gold Mine Corp. (Other OTC:EAGM.PK - News) a precious metal mining company, confirms a joint venture with Los Mates Mine located in the municipality of San Pedro in the Province of Valle.
The joint venture took place between El Alacran Gold Mine Corp. and Mr. Fernando Infante, as well as Mr. Rafael Delgado, which both hold 50% ownership of this property of 1,482 acres. As part of the venture, this was Mr. Infante's contribution towards the Company, as he will take the lead in the operations of both the Alacran-Scorpio and Los Mates Mine projects
The land and mining rights are updated with the Colombian government mining department of Ingeominas. It is registered as Concession Contract GF 9 121 and is legally binding for thirty years in which the Company can dedicate to the exploration and extraction of resources of this property.
"This property was of importance to the company since it has already been in production, tunnels have been built, it has excellent access to and from the mine
, plus its size and additional testing from various locations," said Rafael Delgado, C.E.O. of El Alacran Gold Mine Corp. "Los Mates Mine is a large property that has been producing for many years on a rudimentary basis and the Company will be able to expand its potential and operation under this joint venture."
While Mr. Fernando Infante and Mr. Rafael Delgado (on behalf of El Alacran Gold Mine Corp.) hold a 50 / 50 ownership of this mine, they have also reached an agreement to further negotiate additional properties. Mr. Delgado and Mr. Infante will review other potential projects and joint ventures that they can bring to EAGM and for the growth of the Company.
Geologic test results, projections and calculations are to be released over the following weeks to the public.
"We are extremely happy with how the Company continues developing through acquisitions and ventures, and now holding a viable, producing mine while further exploring our other properties," concluded Mr. Delgado. "El Alacran Gold Mine Corp. will release more technical and further results quite shortly. We trust that once the initial numbers are released, our shareholders will understand that EAGM is focused on developing a high precious metals yielding portfolio of properties."
Monday October 2, 9:45 am ET
Ongoing Negotiations With Two Producing Properties and Mines
TORONTO--(MARKET WIRE)--Oct 2, 2006 -- El Alacran Gold Mining Corp. (Other OTC:EAGM.PK - News), a precious metal mining company, is currently involved in the negotiations of two gold producing properties in Colombia.
"There are currently two properties that we would like to bring to the Company, whether via acquisition or joint venture," said Rafael Delgado, C.E.O. of El Alacran Gold Mine Corp.
"It is simply a matter of determining which route to take with the respective properties. Both have excellent potential and are currently producing various resources including gold and silver, along with other precious metals."
Information will be released to the Company's shareholders very shortly pertaining to the specific properties, location, and technical data.
"One of the properties is currently secured," said Mr. Delgado. "We are just finalizing some documentation and rights.
We will be releasing information pertaining to this property to our shareholders in the following days. In the mean time, we will release information on the second property once the negotiations are complete."
TORONTO--(MARKET WIRE)--Sep 11, 2006
-- El Alacran Gold Mine Corp. (Other OTC:EAGM.PK - News) a precious metal mining company, finalized the acquisition of The Alacran-Scorpio Mine, located directly adjacent to the Company's flagship property of El Alacran.
"We were working diligently on bringing this property under El Alacran Gold Mine Corp.," said Rafael Delgado, C.E.O. of El Alacran Gold Mine Corp. "It is a property that most definitely will require extensive studies to assess the property's full resource potential. We have our Company's Geology and Geophysics Consultant, Mr. Mario Monroy, working on the strategies and will be implementing them with our experts in the field."
Mr. Jaime Infante will be the Lead Project Developer for this property, who currently has over 33 years experience in Direction and Management of Energy projects throughout South America. This includes the planning, development, construction and operation of oil & gas, thermo/hydro power plants, as well as the mining sectors like coal, gold, silver and platinum mines. As a Civil Engineer, Mr. Infante will be taking the lead on the Alacran-Scorpio project dealing with the day to day mining operations.
"It is a pleasure and privilege to be working with such a great team," said Mr. Infante. "We know the potential of our current properties. The entire area is rich with gold, silver and massive copper resources that will surely impact our Company's worth over the years to come. We must study the complete area in depth in order to provide our shareholders with the most precise results."
Based on the Company's decision to further explore both initial mines in depth, El Alacran Gold Mine Corp. has been heavily involved in negotiations with two producing properties. The Company will be releasing information on these upcoming mines very shortly.
Santa Catalina Mining Company Releases Preliminary Geologist Report and Technical Overview for the El Alacran Project
Wednesday August 9, 2:00 pm ET
TORONTO--(MARKET WIRE)--Aug 9, 2006
-- El Alacran Gold Mining Corp. (Other OTC:EAGM.PK - News), a precious metal mining company, releases Preliminary Geologist Report and technical overview for the Company's initial and flagship property by the same name, "El Alacran" Mine.
Based on regional exploration results, including geological mapping, geo-chemical soil and rock sampling and chemical analysis, the Company has identified various areas with high gold and silver concentration, along with massive copper reserves. The recent initial exploration programs at El Alacran included surface mapping, trenching, pitting and magnetometry. The results were sufficiently positive to warrant the subsequent 15 hole, 2,407 meters of diamond drilling which indicated the potential for substantial precious metal reserves. Gold-copper (silver) minerals are confirmed over an approximate 600-meter strike length in what may be considered the north-central portion of the indicated zone at El Alacran Mine.
An initial calculation of the project's gold and copper resources at El Alacran has been determined. This calculation is presented on a "closed system-basis" utilizing exploration information covering approximately 400 metres of strike length in the central portion of the known El Alacran mineral system, as constrained by the diamond drill holes SJ-02 in the north and SJ-09 in the south.
Open Pit Mineable Oxide Gold Resources
Category Tonnes Average Grade Total Contained Metal
Not Divided of Ore Au g\t Oz Au
Total 484,575 3.31 41,324
Underground Mineable Gold and Copper Resources
Category Tonnes Average Grade Total Contained Metal
of Ore Au g\t Cu% Oz Au Lbs Cu
Proven 2,113,833 1.87 1.42 96,280 84,532,577
Probable 921,753 1.60 1.10 32,507 6,860,185
Possible 4,488,228 2.15 1.21 174,103 179,480,815
*Note: A silver resource is also strongly visible at El Alacran, however the general lack of analytical data for silver data renders calculations premature. Silver is significant, however, not considered in the initial reports.
"If all goes as expected with this project, El Alacran will likely become the cornerstone of our Company's precious metals-related holdings," said Rafael Delgado, C.E.O. "Our shareholders must understand that the initial calculations provide an estimate of the proven geological gold and copper resources contained within only a portion of the mineral system at El Alacran. It must be recognized that this calculation does not represent the upside resource potential of the El Alacran project, as we are only in the preliminary stages of the reports."
The Company will continue to work diligently on upcoming geological results and will continue to release all information for its shareholders as it becomes available.