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Must read.Anyone see this from the GPGD website? is this new info...this looks like huge news. i don't see this news in any of their pr's....
http://www.grandgoldcorp.com/index.aspx?id=2270
Grand Pacaraima Gold Corp recently acquired, for stock, the Wigwam Group of Mineral Claims on Vancouver Island that contains multi-billon ton inferred reserves of iron ore with an average 7.5% Grade – making it similar in size to the Klukwan reserve in Alaska. Current estimates puts the value at approximately $1.5 Billion USD.
As well the Assessment report 12204, indicates that a number of Pyrite-rich samples had:
The highest titanium oxide ratio at 5%
Silver was found at 6.5 grams per tonne
The highest platinum value ranging between .16 and .33 percent
These claims are in an area that has not been extensively explored in the past, yet is adjacent to mines that have yielded significant returns in the past.
Grand Pacaraima is currently developing plans to complete the exploration to finalize the mineralization concentrations and to begin production.
GPGD has interests in four gold mines in Venezuela that are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines indicating that they contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.
Must read.Anyone see this from the GPGD website? is this new info...this looks like huge news. i don't see this news in any of their pr's....
http://www.grandgoldcorp.com/index.aspx?id=2270
Grand Pacaraima Gold Corp recently acquired, for stock, the Wigwam Group of Mineral Claims on Vancouver Island that contains multi-billon ton inferred reserves of iron ore with an average 7.5% Grade – making it similar in size to the Klukwan reserve in Alaska. Current estimates puts the value at approximately $1.5 Billion USD.
As well the Assessment report 12204, indicates that a number of Pyrite-rich samples had:
The highest titanium oxide ratio at 5%
Silver was found at 6.5 grams per tonne
The highest platinum value ranging between .16 and .33 percent
These claims are in an area that has not been extensively explored in the past, yet is adjacent to mines that have yielded significant returns in the past.
Grand Pacaraima is currently developing plans to complete the exploration to finalize the mineralization concentrations and to begin production.
GPGD has interests in four gold mines in Venezuela that are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines indicating that they contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.
Goldman, if GPGD released the name of the major partner from todays news we would be flying. According to a previous pr from MDNO, the partner is a listed company on the NYSE and they were going to disclose the partner soon....
excerpts from a past pr, Aug. 27th, 2007...
Modern Energy's production partner is NYSE listed and one of the largest independent producers of natural gas in the U.S., with over $5 billion annual revenue. The currently undisclosed partner is focused on exploratory and developmental drilling throughout many regions of the U.S.
James Stewart, CEO of Modern Energy, said, "We are very excited to join up with such an experienced and successful development and production partner. We anticipate that we will disclose our partner in the very near future as more details on the production of the wells are determined. With our net production interest in this well, along with the prospects for additional test wells, we look forward to seeing rising cash flow from our interests in this very productive natural gas and oil region of Oklahoma."
here is the full Aug. 27th, 2007 pr....
Modern Energy Corp. Announces Completion of Test Well With Major Natural Gas Producer Partner
Production Expected Within Thirty Days; Additional Test Wells Planned
Modern Energy Corp. (PINKSHEETS: MODR), (FRANKFURT: ME2), (FRANKFURT: ME2F), announced that the company and its new natural gas drilling partner have completed a test well on the leased property in a productive area in Oklahoma with positive results.
The test well was drilled through the Morrow, Chester and Mississippian Zones to a depth of 7260 feet. Completion of the well for gas and oil production is expected within the next 30 days. The company's 80% owned subsidiary has a 15% net participating interest in the test well plus as many as six additional natural gas well sites under consideration for drilling.
Modern Energy's production partner is NYSE listed and one of the largest independent producers of natural gas in the U.S., with over $5 billion annual revenue. The currently undisclosed partner is focused on exploratory and developmental drilling throughout many regions of the U.S.
James Stewart, CEO of Modern Energy, said, "We are very excited to join up with such an experienced and successful development and production partner. We anticipate that we will disclose our partner in the very near future as more details on the production of the wells are determined. With our net production interest in this well, along with the prospects for additional test wells, we look forward to seeing rising cash flow from our interests in this very productive natural gas and oil region of Oklahoma."
Modern Energy Corp. is involved in a section of land in Woodward County, Oklahoma near the Texas border. The area includes the Chester and Mississippian Zones, which are well known in the Oklahoma-Texas region for proven gas reserves. There are two wells, each producing 42 million cubic feet per day along with 500 barrels of oil per day, located about 10 miles away from the Modern Energy section. Another well 15 miles away is yielding 1,000 barrels of oil per day.
Further Development of Currently Producing Well
The Modern Energy section had its first well drilled in 1978. The well, known as Loomis #1, produced a significant amount of natural gas, but due to low natural gas prices at the time, the well was shut down. With oil prices now ranging $55 and $79 per barrel and natural gas fluctuating between $6 and $11 per thousand cubic feet, the company is confident that the decision to develop the well now is economically sound. Recent geologic and engineering studies indicate a potential 2.8 billion cubic feet of natural gas reserves in the area under Loomis well #1. The well has been in limited production at a rate of 100,000 cubic feet of gas per month from just the upper zones, not including the productive Chester Zone. The further development of the well will bring in production from the Chester Zone.
It is the company's analysis that the Loomis #1 well (in which it has a 65% interest) has the potential to produce more than 300,000 cubic feet of gas per day plus as much as 50 barrels of oil per day. At current prices of $6/thousand cubic feet and $60/barrel, this production would translate into revenues of over $1.5 - $2 million a year. Significantly, the company believes that up to six other productive wells could be drilled on the property.
To be added to the company's e-mail database for company and industry updates and company press releases, please send an e-mail to info@ModernEnergyCorp.com.
About Modern Energy Corporation: www.ModernEnergyCorp.com
Modern Energy Corp. founded in 1996, is a development stage investment company with interests in oil and gas in Oklahoma, land in the Philippines, and marketable securities. The company is currently producing natural gas and plans to increase the development of natural gas wells in Oklahoma. The company also has biofuel feedstock cultivation potential (palm and jatropha oils) on company land holdings (largely under-developed plantations) totaling over 250,000 hectares (600,000 acres) in the Philippines. In addition, the company's Mindanao land has mineral rights where potentially valuable quantities of copper, gold, silver and other minerals are likely to be present. The company will further assess the property and determine which minerals are commercially viable as a prelude to obtaining a corporate partner for mining development. Recently updated corporate website: www.ModernEnergyCorp.com
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Modern Energy Corporation's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, development costs and risks, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
Contact:
James Stewart
Chief Executive Officer
Modern Energy Corp.
800-255-9231
info@ModernEnergyCorp.com
Source: Marketwire (August 27, 2007 - 5:54 AM EDT)
News by QuoteMedia
www.quotemedia.com
GPGD .038, buys starting to come in, she is gonna run on todays news imo
Goldman, sweet GPGD NEWS! GO GO GO! EOM
GPGD NEWS out! .038 Grand Pacaraima Gold Corporation Closing in on Income Producing Acquisitions
Nov 1, 2007 2:59:00 PM
VERNON, BC -- (MARKET WIRE) -- 11/01/07 -- Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announces it is reviewing a number of possible acquisition candidates in the gold and energy sectors.
Chairman .A. Abdoulladjanov made the remarks ahead of the company's general meeting of shareholders and in anticipation that a deal could be finalized and announced in early November.
A spokesperson for the company explained that achieving that goal will set the stage for expanding the company's natural resources, reserves and gain immediate revenues for our bottom line.
About Grand Pacaraima Gold Corporation
GPGD has interests in four gold mines in Venezuela that are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines indicating that they contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.
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. Factors that could cause actual results to differ materially from anticipated results include 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.
For further details contact:
Investor relations:
Ben Atia
818-224-7117
Nestor C. Buenaflor
Mobile: +63-920-380-8766
GPGD .035/.038, gold stock, recent news looks good, its trending higher, just grabbed some at .038. Join the party
GPGD, that was me eom
i'm in here at .038 eom
GSPG goin here, .0035 wall gonna fall imo eom
GSPG .0035 comin again soon imo. Movin strong here EOD EOM
GSPG, churn & burn baby! should push higher into the close
WOW! GSPG now .0035 ask! go go go! eom
we are flyin here! now .0032/.0033! great volume! eom
GSPG is runnin hard, best final hour stock out there! eom
GSPG .0035 comin soon, volume is goin nutso imo eom
GSPG now .0033! rockin eom
GSPG .003 WALL FALLIN HARD. EOM
CGSE,i'm in, anyone know anything about this company? eom
Cornell done= price flys, seen it happen many times. Just need SWVC to come out with a pr saying Cornell is finished.
janice, you are missing the point with Cornell. It is getting close to being finished and when it has been completed and announced to the public this thing will fly. The downward pressure will be gone and SWVC will be free to go higher.
Mark this post! When cornell is finished selling shares and SWVC announces that Cornell has been completed in a pr, we will fly over .10 imo. I have seen it before, it will happen again.
chunky, we need a pr saying that the Cornell financing has been completed. Thats what i am waiting for.
When Cornell is done, SWVC will fly high, very simple. eom
chunky, if the pr says Cornell is done, this thing will flyyyyyyy imo. I have followed many stocks similar to this one over the years and the stocks always take off when the dilution is over.
American, when Cornell is done selling soon and Tom announces that the Cornell deal is finished we will see a huge increase in share price. I have see it many times before. Without those dilutive shares hitting the market the share price is free to rise without any downward pressure.
REMEMBER THIS! When it is announced that Cornell is finished selling shares which will happen soon. We will see a huge spike in the pps. I have seen it happen with many stocks in the past. When Cornell is finished and Tom puts out a pr about that we will see this stock fly imo
pretty tough, i am going in for 100k shares at .04, just put it in and hope for the best
putting in an order for 100k shares at .04 before the market opens that will get me to 400k shares
Looking for a great day tomorrow, the 8k has told us that we are no longer a empty shell but that we now have a company with 10 mil in revenues with plenty more coming. Great news imo