more fluff
Pearl Asian Mining Industries To Purchase Small Scale Processing Plant Up To 16+ Tons/Day Production In The Placer Gold Recovery of ''Operation Cagayan De Oro''
Tuesday June 6, 9:00 am ET
MANILA, Philippines--(BUSINESS WIRE)--June 6, 2006--Pearl Asian Mining (OTC:PAIM - News) announced today that President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo had a successful visit to China in order to purchase the gold processing plant designed for the "Operation Cagayan de Oro" Project.
Source: Pearl Asian Mining Industries Inc.
President/CEO Randolf Villanueva and Chief Metallurgist, Elvis Hidalgo met with Mr. Xie Feng, the manager of (CNGC) China National Gold Corp. - the biggest gold mining company of China with an annual gold production of 70 tons. They visited Shenyang to see the Tianlin Gold Processing Plant & Refinery and the town of Dalian which is the manufacturing site of their gold equipment to be used for Placer gold recovery.
President Villanueva and Chief Metallurgist Hidalgo brought along at least 30kg of Gold Ores from Cagayan De Oro's mine samples for testing. "We ran their equipment using our ORE as feed. We are very impressed on the capability of the equipment - it really works! They gave us live demonstrations and we have witnessed that the equipment are indeed very useful in our gold projects in Cagayan de Oro. We were able to extract some gold from the samples that we brought!" exclaimed President Villanueva.
They also visited Dandong, a small scale minesite some 50 miles away from Dalian, which uses the same processing plant that PAIM will buy and use for its mine site. The Gold Processing Plant will be fabricated and should be available for delivery within 2-3 weeks.
Pearl Asian Mining Industries, Inc. (PAIM) is looking forward to a continuous gold mining operations in the City of Gold - Cagayan de Oro and its first gold productions to begin in July, 2006!
