CONFIDENCE COMES FROM DOING!!
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..CLASSIC!!! ROTFLOL!!.. btw I traded this play and hope it will make all ya dudes stinkin rich!!!
Nice one!
TCLL.. nice pick.. :)))
GSPG..it's got that magic feelin.. :)))
That GSPG looks good, bud! ..:)))
NMCX.. :)))
PAIM not a pain.. :)))
PR's expensive? ..ya funny! :)))
Says we should see'em before end-of-week... LOLOL..We all know he means next week!
Don't feel embarrassed .If ya haven't than that means ya a newbie..we've all been there girly.. :)))
ROTFLOL!!
NMCX..magic box kickasser.. :)))
PAIM..had a nice day on nice news..btw..it recently announced a tiny forward split..rotf!!
Pearl Asian Mining Industries: Significant Gold and Silver Deposits Discovered at the XYZ Gold Mine: Geologist Recoverable Yield Estimate 1.5 Million Tons, an Average Grade of 6.34 Grams/Ton Gold (AU) and 37.24 Grams/Ton Silver (AG) in 20 Hectares Only
Estimated Gross Value of $327,930,000.00 at $500.00/Ounce of Gold and $19,444,300.00 at $8.00/Ounce of Silver
Pearl Asian Mining Industries (OTC:PAIM) releases the summary report on the Geological Resource Studies within the 20 hectares of the XYZ Gold Mines Site Mineral Deposits.
The current tenement portfolios of PAIM are: (1) Small Scale Mining Claim Permit (SSMP) - 20 hectares, (2) Mineral Production Sharing Agreement (MPSA) - 720.00 hectares, (3) Exploration Permit Application (EPA) - 1,807.4773 hectares.
The recent exploration based on the Geological report of the Gil Apuya's MAYON Geological Company states that the present Geologic Resource of XYZ Gold Mine is about 1.5 million tons at a grade of 3.04 g/t-Gold (AU) and 19.96 g/t-Silver (AG). PAIM's team interpretation or projection as to mineable resource (projected to be mined or extracted) is about 446,592 tons at a grade of 5.13 g/t-Gold and 31.14 g/t-Silver. The mineable resources are categorized into low grade source of about 120,000 tons at a grade of 1.84 g/t (grams per ton)-Au (Gold) and 14.50 g/t (grams per ton)-Ag (Silver). The high grade source of about 326,592 tons at a grade of 6.34 g/t-Au; 37.24 g/t-Ag. These ores to be mined will be processed by heap leaching C-I-L and ELSA methods. The abandoned tunnels 3 and 4 are included in the projected high grade zone. The high grade zone or block of mineable resource of 326,592 tons using interpolation started from trench no. 1 at elevation 220 meters up to trench no. 4 at elevation 300 meters with a strike length of 400 meters. The 400 meters strike length was projected downward until elevation 160 meters, where abandoned tunnel no. 1 is situated. The average grade of the block of 6.34 g/t-AU; 37.24 g/t-AG were derived from the surface of tunnels 3 and 4 samples. The block grades were projections and will be confirmed once the tunnels are rehabilitated and sampled.
The estimates are based on projections derived from trench 1 down to tunnel 1 and possibly beyond tunnel 1 extending east and is subject for field investigation. Basing on the initial exploration results, the XYZ mineral deposit is an epithermal vein type deposit. The extent of the deposit at depth must be further studied through rehabilitation of old tunnels and core drilling to acquire more geological data and increase resource potential.
Forward-Looking Statements
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This forward-looking statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information.
--------------------------------------------------------------------------------
PEARL ASIAN MINING INDUSTRIES INC. (PAIM)
SUMMARY OF CALCULATION
TENEMENT PORTFOLIOS Area (in hectares)
-------------------
Small Scale Mining Claim Permit (SSMP) 20.00
Mineral Production Sharing Agreement (MPSA) 720.00
Exploration Permit Application (EPA) 1,807.4773
----------------------------------------------------------------------
Grade Per Ton
-------------
XYZ GOLD MINE (in tons) (Au) (Ag)
----------------------------------------------------------------------
Geologic Resource 1,500,000.00 3.04 19.96
Mineable Resource 446,592.00 5.13 31.14
Low Grade 120,000.00 1.84 14.50
High Grade 326,592.00
Average Grade 6.34 37.24
I. ELSA METHODS 10,000 Tons/Month at 10
Cu. Metric/Hr.
NOTE: 12 Months X 10,000
Tons/Month 120,000 Tons/Year
1,500,000 Tons Divide
By 120,000 Tons 12.5 Years
II. INCOME RECOVERY 1KG = 32.1507 Ounces (Oz)
136 Kg/Month = 1632 Kg/Yr
= 52,469 Oz $500.00/Oz $26,234,400
504 Kg/Month = 6048 Kg/Yr
= 194,443 Oz $8.00/Oz $1,555,544
A. TOTAL GROSS METALS CONTENT $27,789,944
B. (Less 40% Direct & Indirect Expenses) ($11,115,978)
C. TOTAL PROJECTED NET INCOME $16,673,966
III. TARGET INCOME & VALUE OF
THE MINERAL DEPOSITS OF
1.5 MILLION TONS OF ORES
12.5 Years X $26,234,400 $327,930,000.00 GOLD (Au)
of GOLD (Au)
12.5 Years X $1,555,544 $19,444,300.00 SILVER (Ag)
of SILVER (Ag)
A. TOTAL OF GROSS METALS
CONTENT $347,374,300.00
B. (Less 40% Direct & Indirect
Expenses) $138,950,920.00
C. TOTAL PROJECTED NET INCOME $208,423,380.00
Pearl Asian Mining Industries Inc.
USA:
E. Pearl Asian, 650-814-3268
877-317-4430 (fax)
IR@PearlAsianMining.com
www.PearlAsianMining.com
or
Philippines:
Investor Relations, +63-2-490-0140
+63-2-490-0144 (fax)
Source: Business Wire (February 8, 2006 - 2:02 PM EST)
News by QuoteMedia
www.quotemedia.com
NMCX..nice and easy...
huh? lol
Sooo many plays..and summer is whispering ya better get ya fill..LMAO!!!
Can't wait for next week! :)))
GSPG.. me thinks she found da bottom.. :)))
..bout time ya spend some money..lol
Gotta love dem bargain prices here... :)))
TXHE..she's got potential.. :)))
NMCX..in play alright..
This little guy is sitting at da bottom...all alone...forsaken..lonely..and doing all the right shid.. :)))
Pumping old news??
Great board...been in Corn since late last year..have a feeling it got lotsa room going up.. :)))
..rotf!!
No way..never! LOLOL
RANDY COUTURE ..great fighter with class..will miss seeing him fight..
...mining announcement... Good, can't wait! Let's hope there's gold in dem hills.. :)))
Yeah..so what?..I didn't say anything was coming..ya newbie! LOL
..like it to be about the stuff they are digging for...if its gold then we got something..other crap won't have the same impact.. :)))
Hey guess what..we have a chart..lol
I say let da loser bash..me will get nice cheap shares.. :)))
ROTFLOL..lady, now that's a beauty of a bash! ieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!
GBTH..next week? :)))
..if they're sitting on gold it could get interesting.. :)))
TXHE - Texhoma Increases its Interest in Clovelly South
Thursday February 2, 11:11 pm ET
HOUSTON--(BUSINESS WIRE)--Feb. 2, 2006--Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE - News) is pleased to announce that it has entered into an agreement to acquire a further 5% working interest in "Clovelly South", increasing its total interest to 11%. Texhoma's financial obligation under the operating agreement is now approximately $400,000.
The prospect is located in Lafourche Parish, Louisiana and operated by ORX Resources, Inc. It is expected that drilling of the prospect will commence as soon as a rig is available.
The prospect is defined by 3D seismic and is adjacent to the Clovelly Field which has produced 35 million barrels of oil and 200 billion cubic feet of gas since its discovery in the 1950s. The drilling targets are two reservoirs at a depth of approximately 14,000 feet. The prospective size is estimated at 3.6 million barrels. In the event of a discovery, facilities for the production of the well are available. A discovery would lead to the drilling of several development wells on the 1260 acre property.
Texhoma Energy, Inc.
Nothing like seeing a basher ache to the core..ROTFLOL!!..
CMBV..give dat girl a box.. :)))