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Finmetal Mining (FNMM) RSS Feed

Followers
4
Posters
18
Posts (Today)
0
Posts (Total)
49
Created
02/06/07
Type
Free
Moderators
FinMetal Mining is focused on creating wealth by acquiring and developing a broad portfolio of advanced nickel properties in one of the few countries in the world where large sulphide-hosted nickel deposits are known to exist - Finland. Recent News - July 3,2007 FinMetal Signs Airborne Geophysical Survey Agreement Comments on Recent Weakness in Stock Price FinMetal Mining Ltd. (OTCBB: FNMM) is pleased to announce the execution of an airborne geophysical survey agreement with Aeroquest Limited of Mississauga, Ontario. The survey, designed to locate conductive minerals associated with nickel, is scheduled for this summer using an AeroTEM II system, which is a high-resolution helicopter-borne electromagnetic (EM) system developed by Aeroquest. They are scheduled to fly in excess of 6000 line kilometers over several of FinMetal's nickel properties in Finland. "By using the AeroTEM II system," Chairman and CEO, Dan Hunter explained, "we expect to focus our efforts and locate drilling targets. Airborne EM is particularly effective over glacial terrains such as Finland where sediments may hide ore bodies. The conductive sulphide minerals that we are seeking are typically close the surface, due to glacial erosion." Aeroquest will provide FinMetal with advanced data processing and interpretation in industry-standard formats and high-quality coloured maps. Quality control and assurance during data acquisition will be supervised by geophysicist Steve Balch, FinMetal's VP Exploration who has expert knowledge of the AeroTEM system. Mr. Hunter also commented on the recent decline in FinMetal's share prices. "During the past several weeks there has been a significant decrease in the price of our company's shares. We have no knowledge as to why this has transpired and wish to inform all shareholders that we remain fully committed to developing economic nickel deposits in Finland and are committed to creating shareholder value by achieving exploration success during our current work program and for years to come." On Behalf of the Board: Daniel Hunter - CEO www.FinMetalMining.com Disclaimer This release contains forward-looking statements that are based on the beliefs of FinMetal Mining Ltd.'s management and reflect FinMetal Mining Ltd.'s current expectations as contemplated under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of FinMetal Mining Ltd. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ materially from the forward-looking statements. FinMetal Mining Ltd. Finlaysoninkuja 9 FIN-33210 Tampere, Finland Phone: +358 3 260 4331 Fax: +358 3 260 4330 e-mail: info@finmetalmining.com Recent News - February 12, 2007 http://www.finmetalmining.com/ Investor Inquiry Gondwana Energy Ltd. Suite 700, One Executive Place 1816 Crowchild Trail N.W. Calgary, AB, Canada T2M 3Y7 P: (303)-299-7307 F: (303)-296-3956 Transfer Agent Interwest Transfer Co. Inc. Suite 100, 1981 East 4800 South Salt Lake City, Utah 84117 P: (801) 272-9294 ext. 24 F: (801) 277-3147
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