Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
looks like they pulled the rug out from under us.
this is looking bad.
gold seems to be going higher and this is dropping further.
i guess if or when gold starts dropping then this will go up.
This is a continuation of the same crap that was going on with the previous owners of this stock.... bio-diesel plant and radio stations to now selling scrap steel. ITS ALL ONE SCAM TO THE NEXT SCAM, by a bunch of theves and con-artist.
By this time 6 months from now we will be at 0.0001 or probably be delisted. They are filing with pink sheets to cover up their
crap.
Need the SEC to look into this POS.
big brother watching this board and manulapting the stock
i wish we could get a SEC investgation going on this.
NYMET Holdings Inc. (NYMH) Announces Coast Guard Approval of Stockton Project
11:43a ET November 5, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., today announced that the United States Coast Guard has approved the raising and salvage of the M/V San Leandro and the M/V Fresno in the San Joaquin River, which is located approximately 2 miles from NYMET's port facility.
The approval was obtained with the assistance of Mr. Mark Hicks, CFO of B'NEATH THE WAVES, Inc. Mr. Hicks is the key point contractor for the Project and will be on site daily to oversee operations, which are set to commence on November 9th, 2009. Subsequently, equipment is currently being mobilized for use in the raising and salvage of the M/V San Leandro and the M/V Fresno in the San Joaquin River.
This Project is the first of many salvage operations that will utilize NYMET's Stockton Port facility. Primary uses of the facility will be to load and to transport scrap metal to NYMET clients overseas and/or for local US-based steel facilities.
About the Stockton, CA Port Facility
The facility is located on the waterfront of the San Joaquin River, in Stockton, CA. This location provides NYMET with the ability to process plate material from ferry barges. Further, the facility also acts as a staging and loading area, giving NYMET the ability to transport material to the Oakland Port as well as local steel mills.
The Stockton Port is one of the last waterfront properties in California that is allowed to operate as a storage and marine salvage facility. Furthermore, the property's proximity to the Oakland Port enables NYMET to cost effectively export material to Asia. Further, the facility's riparian rights permit NYMET to have barges docked at the facility, providing a logistic advantage.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact:
NYMET Holdings Inc.
www.nymetholdings.com
631 923 1400
SOURCE: NYMET Holdings Inc.
http://www.nymetholdings.com
Looking at past history, the most that this will probably go up to is MAYBE .20 to .25 if were luckly. I still can't get
anyone to talk to me. They just WILL NOT return phone calls.
Called yesterday and was told to hold. I held on for almost
30 minutes (long distance) and was disconnected. I called back and was then told that everyone was in a meeting.
Yea, right.....
Gold at 1084.00 and this is just setting there. This is pathetic situation.
yep... this is a sad piece of crap...
what a waste ....
NYMET Holdings Inc. (NYMH) Announces the 2nd Week of Successful Shipments From Puerto Rico to Hong Kong
8:09a ET November 3, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announces the successful completion of first 2 shipments of approximately 250 metric tons of scrap steel to suppliers based in Hong Kong.
As per the Purchase Contract with Hong Kong based scrap steel dealer Coppola Asia Limited, NYMET has successfully shipped the first 2 consignments of HMS 1 and 2 heavy melting scrap steel material. NYMET, through its relationships with Puerto Rico based Anza Capital Partners and its affiliated scrap yards, has successfully procured 2,000 to 4,000 metric tons per month of HMS for shipment to Coppola Asia Limited. NYMET anticipates the completion of the first 1,000 metric tons of scrap metal to be completed before the end of the month. Suppliers to NYMET have acknowledged that shipments are on schedule as per their agreed specifications and deliveries are expected without delays. At time of press, NYMET is expecting a second and third Purchase Contract for steel mills in Korea and Vietnam and is ready to add them to NYMET's schedule for October through November shipments.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact:
NYMET Holdings Inc.
www.nymetholdings.com
(631) 923-1400
SOURCE: NYMET Holdings Inc
http://www.nymetholdings.com
that remains to be seen. hope so but would not count on it.
Oh yes.... and its going to probably do its annual run-up soon.
Just wish it would be sooner than later, and this lack of
news if frustrating.
called again this morning.
just leave a message and dont expect a call !!
That happens when they have the automated system on. You dial the extenstion and they don't answer the phone. It goes
to voicemail.
Maybe they spent all the money on the new phone system ! haha
Yep... we need some answers. it looks like the share holders don't matter any more.
of course, if you talk to them are they really telling you
the truth or what you want to hear ?
Called the company two times last week and so far two times this week to talk to Bob. Was told each time by the receptionist that he was in meeting. I left messages each time but they have never been returned.
As I have posted before,
This can be very frustating, but in my opinion the stock price goes up when the company is ready to raise it. ( And then it does'nt stay up there long before falling again. ) Look at a performance chart on slglf for the past 10 years.
This thing will go up at some point when you least expecting it.
They are digging the stuff out of the ground...and probably alot of it, but its not going to effect the share price, because I think its being controlled, and that is sad.
Hey Trini7,
Has Terry given you any information about upcoming events?
They seem to not be wanting to return phone calls lately.
thats funny !!!!
Hey Kuan,
I think this management is associated with or at least part of the previous management before this stock was bought out,
and that can only be bad news.
This is going to 0.0001 and then either reverse split wiping
us out or either eventually de-listing.
Just hope we can make this loss up on something else before it
happens.
Hey Kuan,
this will be 2.67 when pigs fly !!!
Hi Kuan,
I think this is Perihelion reincarnated in a different
form. I'm just hoping that some of my other stocks
go up enought so I can write this off as a loss against
those profits before Klok reverse split's again and wipes everyone out.
Its a shame theres not a law against false representation
on web sites !!
Just waiting for that Utah mine announcement !! HA HA !!!
Hey Kuan,
A gold mine in Utah ? !!! Ha Ha !!!
yea, me too. However,
Its still not to late. We're going to probably
see gold way up into the thousands over the
next few years.
Why Gold Is Going Up.
Please Read: Link To Important Artical:
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
Whenever a company starts sending out PR's
day after day is when the red flag goes up.
In the real world, it just does'nt work that
way !!!
NYMET Holdings Inc. (NYMH) Engages a Top Accounting Firm to Commence Audit
8:23a ET September 28, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetholdings.com), an innovative metal and mining company headquartered in Port Jefferson, N.Y., announced today that it has engaged Bagell, Josephs, Levine & Company, LLC (www.bagelljosephs.com) to begin the process of completing the Company's audited financials.
James Gardner, Senior Vice President of NYMH, stated: "We are proud to inform our shareholders that the Company has engaged a top accounting firm for the purposes of completing a full audit, as well as to complete the required disclosure documents to be filed with pinksheets.com. Both of these components are vital for NYMET to become eligible to graduate to a higher exchange, which is one of the company's many future objectives."
ABOUT BAGELL, JOSEPHS, LEVINE & COMPANY, LLC
Bagell, Josephs, Levine & Company is a registered CPA firm that requires compliance with the standards and regulations as set forth by the Public Accounting Company Oversight Board. Bagell, Josephs, Levine & Company has over 60 years of combined experience in the field. Their Public Companies/SEC team offers services including: annual audits, quarterly reviews of financial statements, pro forma financial statements, management, discussions and analysis, knowledge of emerging task force issues, internal controls/compliance with Sarbanes-Oxley, and reviewing replies to SEC comment letters. Bowman's Accounting Report named Bagell, Josephs, Levine & Company one of America's top four fastest growing auditors based on total public companies audited in 2005-2004. The Company has also gained national recognition as one of the top CPA Firms in the nation and is currently ranked number 70. Managing Partner Carl H. Bagell stated: "We are very proud to be named on America's Top Auditors list. No firm achieves this distinction without attracting and retaining exceptional clients through providing valuable services."
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact:
NYMET Holdings Inc.
www.nymetholdings.com
(631) 923-1400
tikasun, all that is going to happen here
is that your going to loose your money.
We're stuck in it right now because of the
actions of the previous owners of this stock
that wiped everyone out and then sold that
company to this guy.
Beware !!
why is it when a pr comes out the price drops ?
just does'nt make cents.
NYMET Holdings Inc. (NYMH) Announces Engagement of Crowell & Moring LLP as Corporate Counsel
8:52a ET September 21, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announces the Company has engaged Crowell & Moring LLP as Corporate Counsel.
Crowell & Moring LLP's corporate and securities practice is transaction-oriented, focusing on mergers and acquisitions, corporate finance, securities offerings, joint ventures, intellectual property arrangements and complex agreements of all kinds. Providing more than just corporate legal advice, pragmatic business judgment and creative problem solving underlies all of their work. With offices in Washington, DC, California, New York, London and Brussels, they provide seamless national and cross-border service.
Their Corporate Group represents large public corporations, privately held firms, private equity firms, emerging companies, and high net worth individuals in a wide range of industries. Their clients include major defense contractors, health care businesses, financial institutions, aviation companies, aerospace companies, pharmaceutical companies, telecom and technology companies, as well as entrepreneurs and trade associations.
Please visit www.crowell.com for more information about the firm.
NYMET President, Mark D. Klok, commented, "This engagement is indicative of our commitment to expanding and enhancing the necessary support team around our rapidly growing Company."
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact: Mark Daniel Klok NYMET Holdings Inc. www.nymetholdings.com (631) 680-8135
SOURCE: Nymet Holdings Inc
http://www.nymetholdings.com
NYMET Holdings Inc. (NYMH) Announces Purchase Contract With Hong Kong Based Scrap Dealer Coppola Asia Limited
8:01a ET September 16, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetusa.com), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announced that they have entered into a Purchase Contract for ferrous scrap metal with Coppola Asia Limited, a scrap dealer based in Hong Kong with major distribution throughout the Pacific Rim.
Mr. Robert Edwards, Executive Account Representative for NYMET Holdings, stated that the Purchase Contract calls for the sale of 1,000 metric tons of HMS 1 & 2 heavy melting scrap steel material. The material is expected to be delivered to Coppola Asia Limited over the next several weeks. This relationship will help develop NYMET's entry into the Hong Kong market. NYMET's management has concluded the logistics and organized the necessary requirements to begin loading and shipping the contracted material later this week. Coppola will have the ability to buy more material once this initial sale is completed. The total 1,000 metric tons of material will commence delivery this week and represents only a fraction of the overall potential the two companies have together.
About Purchaser:
Coppola Asia Limited (HK), established in 2007, is located in central Hong Kong. Coppola specializes in the importing of steel scrap. Coppola has stable suppliers in North and South America, as well as Europe, and sells their products to steel mills in Hong Kong, Taiwan, Vietnam, and China. Further, they have both yard and dock unloading facilities in Hong Kong and China.
Edward R. Gulmi, Senior Vice President of NYMH, stated: "This initial Purchase Contract is a significant achievement for the Company. This transaction allows NYMET to expand its customer base within the Asia markets and we and anticipate additional Purchase Contracts from new customers throughout the upcoming year."
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact: NYMET Holdings Inc. www.nymetholdings.com (631) 923-1400
SOURCE: NYMET Holdings Inc.
http://www.nymetholdings.com
NYMET Holdings Inc. (NYMH) Announces the Successful Acquisition of Two Ferry Barges for Salvage
8:02a ET September 15, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announces the successful acquisition of two ferry barges, the M/V Fresno and the M/V San Leandro.
NYMET Holdings and Parker Oceanic executed a Purchase Agreement for the purchase of two ferry barges. These historic vessels were originally launched in 1927, as the M/V Fresno and the M/V Willapa, which has since has been re-named the M/V San Leandro.
The ferry barges were originally owned by the Southern Pacific Railroad system and served the San Francisco Bay Area. After servicing those waters for over ten years, new bridges were built over San Francisco Bay, effectively making the ferry services obsolete. During the 1940s the Puget Sound Navigation Company, in hopes of improving their service, purchased both of the steel electric ferries from Southern Pacific. In 2006, both Ferries were sold to Parker Oceanic and subsequently transported to Stockton, California where they have been slated for salvage of scrap steel. The ferries are vastly similar; both having a similar hull sizes of approximately 250 feet x 60 feet x 19 feet. Further, both ferries are predominantly made of steel plate with an estimated weight of 2,000 combined tons. NYMET Holdings has already begun the pre-salvage process, which should take an estimated 15 days. Once the pre-salvage process is complete, the entire salvage operation is expected to be finalized within the following 60 days.
In discussing the Project, Senior Vice President of Corporate Development James Gardner estimated the total revenue to be around $650,000 with a net profit of approximately $200,000. Mr. Gardner commented that this would be the first of many salvage operations utilizing NYMET's new port facility in Stockton, California. The facility will be used regularly in the future to load and transport the processed scrap material to clients worldwide.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact: Mark Daniel Klok NYMET Holdings Inc. www.nymetholdings.com (631) 680-8135
SOURCE: NYMET Holdings Inc.
http://www.nymetholdings.com
Hi Greedfl,
no money will ever made here. I'm so deep in the
hole with this pile of crap ( because of the
previous company ), the only way to make my
money back is to make it up on another stock and
write this mess off as a loss for the difference.
and thats going to take almost forever.
I agree Boatman. We'll see how long this sharade last.
NYMET Holdings Inc. (NYMH) Announces the Successful Commencement of Steel Shipments to Bayou Steel
4:15p ET September 11, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announces the successful loading and shipment of steel to Bayou Steel.
As per the Purchase Order with Bayou Steel, NYMET has begun loading and shipping the material processed and on the ground at the Reed Saw Mill Property. NYMET, through Arkansas based J&K Trucking, has successfully delivered 40 truckloads of steel to the Bayou Steel facility located in La Place, Louisiana and anticipates the completion of the first 1000 gross tons of scrap metal to be completed shortly. Bayou Steel has acknowledged that all the shipments have been delivered as per the agreed specifications and all shipments have been accepted without any claims or discrepancies. A second Purchase Order from Bayou Steel is already under negotiation for September through October delivery.
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact: Mark Daniel Klok NYMET Holdings Inc. www.nymetholdings.com (631) 680-8135
SOURCE: NYMET Holdings Inc.
http://www.nymetholdings.com
0.0205 !!! Broke the 0.02 barrier finally !!!
0.0205 Broke the 0.02 barrier !!!
Yep !! We need those webcams !
NEWS RELEASE
Silverado Announces an Update on
2009 Summer Drilling Program
for Nolan Creek
Vancouver, British Columbia, August 26, 2009 -- Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) (the "Company" or "Silverado"), is pleased to announce an update to the 2009 summer drilling program for the Nolan Creek property; specifically Workman’s and Pringle Bench. This drilling program was originally announced in a May 1, 2009 news release.
Over the past two years of exploration and drilling the Company identified a specific vein intercept that it has named as “A” Vein. The company felt that this vein was worthy of further exploration and as such embarked on additional drilling and work programs surrounding this discovery.
The Company has completed nine (9) drill holes on Workman’s Bench with the targeted “A” Vein intercept depth being encountered in all holes ranging from 164 to 283 feet below surface, and a further seven (7) holes on Pringle Bench with the targeted “A” Vein intercept depth being encountered in all holes ranging from 137 to 267 feet below surface. While the results of this drilling are still pending, the Company deemed it appropriate to report on the progress to date and state that the drill core samples are regularly being submitted for assay. The drilling program was overseen by management and the Company’s contracted on-site geologist, Karl Sharp.
As previously reported in the Company’s January 1, 2009 NI 43-101 Technical Report, as amended on June 1, 2009, the Pringle and Workman’s Bench targets are antimony/gold deposits and occur in a series of Northeast trending high angle “vein fault” structures, collectively known to the Company’s technical and geological team as the “Solomon Shear Zone”. This has been previously defined on the basis of surface geology as well as drilling, trenching, soil sampling and pronounced airborne resistivity anomalies.
Because gold has now been encountered within the antimony and quartz from more than one location on the Solomon Shear Zone, the Company’s technical and geological team have concluded that parts of the Solomon Shear Zone are the lode source of some of the 23,200 ounces of gold previously recovered by the Company in underground drift and open cut mining. The Solomon Shear Zone averages approximately 700 feet wide and runs a minimum of three miles long and is located within the boundaries of the 12 square mile Nolan Creek property. The Company has in the past two years been working to increase the Nolan Creek gold and antimony resource.
At present, and as a result of this work program, the Company has since May 2009 almost doubled the amount of its exploration information in the Solomon Shear Zone. Geologist Karl Sharp says: “With the weather and working conditions along the Arctic Circle being what they are, we have achieved great progress in our drilling program this year. We look forward to beginning our assay result reporting as those results are received by the Company. We are continuing to drill until the snow and freezing temperatures force us to cease drilling.”
Qualified Person
The technical information that is released in this news release has been reviewed by Thomas K. Bundtzen, P. Geo BS MS CPG-10912, ABSLN #279639, President of Pacific Rim Geological Consulting, Inc., of Fairbanks, Alaska, who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists (AIPG). Bundtzen is the Qualified Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission (SEC), and has verified the data contained in this news release for accuracy.
About the Company
Silverado Gold Mines Ltd, a publicly traded company, is an exploration-stage enterprise focused on the exploration of gold properties with some past production. The Company has gold properties located throughout Alaska, which include a 100 percent (%) interest in numerous mining claims located on the Nolan Creek property.
Forward-Looking Statements
This news release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release that are forward-looking statements are based on the current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates.
Such forward-looking statements involve risks and uncertainties regarding the market price of gold, availability of funds, government regulations, common share prices, operating costs, capital costs, outcomes of test mining activities and other factors. Forward-looking statements are made, without limitation, in relation to operating plans, property exploration activities, including test mining activities, availability of funds, environmental reclamation, operating costs and permit acquisition. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", or "continue", and the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks detailed in the Company's filings with the Canadian Securities Authorities and the US SEC. These factors may cause the Company's actual results to differ materially from any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
For further information, please contact:
Silverado Gold Mines Ltd
1820-1111 West Georgia Street
Vancouver, BC V6E 4M3
(604) 689-1535
Investor Relations: ir@silverado.com
www.silverado.com
Trading Symbols:
OTCBB - SLGLF
FRANKFURT - SLGL
###
Our mailing address is:
Silverado Gold Mines Ltd
1820 - 1111 West Georgia Street
Vancouver, BC V6E 4M3
Add us to your address book
Copyright (C) 2009 Silverado Gold Mines Ltd All rights reserved.
We shall see !! Very Interesting !!
NYMET Holdings Inc. (NYMH) Announces the Company Entered Into a Sales Contract With Bayou Steel Incorporated
8:02a ET August 25, 2009 (Market Wire)
NYMET Holdings Inc. (PINKSHEETS: NYMH) (www.nymetusa.com), an innovative metals and mining company headquartered in Port Jefferson, N.Y., announced the receipt of a Purchase Order for ferrous scrap metal from the C.A. Reed Saw Mill Demolition and Recovery Project with steel processing giant, Bayou Steel Incorporated.
The Purchase Order calls for the sale of 1,000 gross tons of steel to be delivered to the Bayou Steel, LaPlace facility over the next several weeks. NYMET's management has concluded the logistics and organized the necessary requirements to begin loading and shipping the contracted material later this week. Bayou Steel will have the ability to buy more material once this initial sale is completed. The total 1,000 gross tons of material will start being delivered this week and represents only a fraction of the overall $2,000,000 in gross sales anticipated from the C.A. Reed Saw Mill Demolition and Recovery Project.
About Purchaser
Bayou Steel Inc. is a producer of structural steel products with facilities in LaPlace, Louisiana, and Harriman, Tennessee which have been recently acquired by ArcelorMittal in June 2008 for US$475 million. ArcelorMittal is the world's number one steel company, present in more than 60 countries. They have led the consolidation of the world steel industry and today rank as a top global steel maker. Their industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal key financials for 2008 show revenue of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10% of world steel output.
Mark Daniel Klok, President of NYMH, stated: "This initial Purchase Order is a significant achievement for the Company and we look forward to and anticipate additional Purchase Orders from Bayou Steel throughout the year."
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings Inc.'s expectations.
Contact: Mark Daniel Klok NYMET Holdings Inc. (631) 680-8135
SOURCE: NYMET Holdings Inc.