Gee I did not know we were a Mining company !!!
WhisperfromWallStreet.com: "Word on the Street- DPBM, GSEG, AUGC"
M2 Communications via COMTEX
Sep 26, 2006 8:33:11 AM
Sep 26, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Wall Street, NYC-Today, while putting our collective ears to the street, WhisperfromWallStreet.com, has learned; Deep Blue Marine Inc. (Pink Sheets: DPBM), GoldSpring Inc. (OTC BB: GSEG), and Augrid Corp. (Pink Sheets: AUGC); are strong plays.
Deep Blue Marine Inc. (Pink Sheets: DPBM)
Deep Blue Marine Announces Partnership
Deep Blue Marine Inc. (Pink Sheets: DPBM) is pleased to announce the recent partnership of Deep Blue Marine and The Kirby Group. Kenny Rose, head of The Kirby Group and NOAA permit holder said, "The joining of the Kirby Group with Deep Blue Marine is a joyous event."
Wilf Blum, president and CEO, remarked that he too is pleased with the contract and also with the quality of the site and the integrity of the permits.
For more information on Deep Blue Marine Inc. (DPBM), go to www.alldeepblue.com or www.stockinformationsystems.com.
GoldSpring Inc. (OTC BB: GSEG)
GoldSpring, Inc. Enters Into Ten Year Mining Lease for Its Big Mike Copper Mine
GoldSpring, Inc. announced today that it has entered into a ten year lease with a local company, controlled by a former GoldSpring director, for a 10 year lease of all of its mining claims for its Big Mike copper mine. The lease calls for a $50,000 initial payment, which is scheduled to be made at the beginning of this week to cover royalty payments due for the first two years of the lease term. Additionally, the lessee must pay GoldSpring $75,000 when a production permit is awarded, and $125,000 when commercial mining commences. Additionally, the lessee agrees to a work expenditure of $300,000 for environmental and engineering matters in the first twelve months of the lease. During the term of the lease, Gold spring will also receive a production royalty of between 3% and 5% of net returns from copper mining, dependent on the price of copper.
In discussing the new lease arrangement, GoldSpring's CEO, Rob Faber, stated: "The Big Mike Lease is a great deal for the Company as it allows us to generate cash flow from our Big Mike copper mine without utilizing resources and taking away focus from our main business, gold mining. The payment structure yields an initial cash payment, in addition to the potential of adding $300,000 worth of engineering and environmental work in the first twelve months and $200,000 in cash between now and the beginning of actual production. We also have several other transactions in process at least one of which we hope to consummate in the near future, adding possible further immediate cash flow, in addition to long term revenue opportunity." About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining company with an operating gold and silver mine in northern Nevada. The Company was formed in mid-2003 and acquired the Plum Mine property in November 2003. In the Company's relatively short history, it secured permits, built an infrastructure and brought the Plum project into production. During 2005, the Company acquired additional properties around the Plum project in northern Nevada, expanding its footprint and creating opportunities for exploration. GoldSpring is an emerging company, looking to build on its success through the acquisition of other mineral properties in North America with reserves and exploration potential that can be efficiently put into near-term production. The Company's objectives are to increase production, increase reserves through exploration and acquisitions, expand its footprint at the Plum mine, and maximize cash flow and return for its shareholders.
