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Friday, July 28, 2006 11:38:22 PM
MANILA, Philippines--(BUSINESS WIRE)--July 25, 2006--Chief Mining Officer Cesar Rosales of Pearl Asian Mining (OTC:PAIM -News) reports: According to the assessment of Chief Geologist Reggie Selvano, he estimated an initial resource from this small scale operation of 100,000 metric tons of gold ore with an average grade of 16 grams/ton of gold (Au), using the 18 tons per day operation, 24 days per month at a very conservative figure of 90% Capacity with a 30% Overhead Cost per production.
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