has anyone besides trader and myself gotten this e-mail?
El Alacran Gold Mine Corp. seen as “Prime Take Over Target.†Company
properties rich with precious metal deposits while worldwide discoveries of new
deposits decline for eighth straight year.
Tuesday January 18, 10:33 am ET
Gold Company’s Assets Seen As Extremely Valuable. Potential Fight Between
Buyout Rivals Could Send Stock Price Soaring.
TORONTO—Jan 18, 2007 -- El Alacran Gold Mining Corp. (Other OTC:EAGM.PK -
News), a precious metal mining company, is seen as a likely buyout target
because of their rich mineral deposits including gold, silver, copper and other
precious metals. Although, the company has remained silent about recent
takeover rumors, recent news stories have revealed a decline in the number of
discoveries of at least 2.5 million ounces for eight straight years. That
decline has producers scrambling to boost their supplies because mines are being
depleted faster than new reserves are being found. That, coupled with a six
year rally in gold prices has larger gold companies flush with cash and looking for new acquisitions. According to a
recent Bloomberg story, gold company acquisitions in 2006 surged to the highest
level in a least a decade and is expected to continue throughout 2007. In 2006,
there were 357 deals valued at $24.3 billion.
According to a recent press release from El Alacran Gold Mining Corp. ( Other
OTC: EAGM.PK), "The Alacran-Scorpio Mine is located in a zone within a tectonic
system called The Romeral Fault. Photo geological regional mapping plus field
exploration in this area suggests that it is part of an extremely wide
basin-form structure with volcano-based mineralization.
"The area has been initially explored by means of pits, trenches, and drilling
throughout the various sequences of rocks, finding ores of quartz which
confirmed sulfides with 50% pyrite, chalcopyrite, and galena. Gold values
reached 2.5 grams per ton at surface/ground level. All testing confirms that
this deposit is part of a large volcanogenic sulfide area. It contains gold, silver, and copper in extremely large quantities, along with other
precious metals that are yet to be determined.
"El Alacran Gold Mine Corp. has been reviewing, confirming and comparing many of
the third-party findings that were performed throughout the neighboring
properties and they fall within the same tectonic system and yield the same
results. There are many tunnels that were already excavated during the original
invasion of artisan miners, which will allow for easy access and initial
extraction of materials.
"Gold and copper are the most prominent of the precious metals on the property,
accompanied by silver, zinc, lead and chromium."
Some have estimated buyout deals for El Alacran Gold Mining Corp. ranging from
$2 to $5 per share. A fight over the company’s assets could propel that price
even higher. The company’s shares recently traded at .001 as company
officials have promised an investigation into questions of illegal naked
shorting.
AI
