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Thursday, January 17, 2008 1:27:39 AM
"Our mine first produced gold in 1842..." per ABV Gold previous press release...
THAT statement alone precludes Aurus Krong reserves because Krong's reserves of ore tailings are Pyrite ashes which are obtained like wastes from roasting of pyrite ores to produce sulfuric acid... and NOT from previous gold mining activity!!!
pre·clude tr.v., -clud·ed, -clud·ing, -cludes.
1. To make impossible, as by action taken in advance; prevent.
AND neither Krong, nor any other of Aurus mining properties that have historically operated as gold claims were operational as early as 1842 - a condition mentioned in ABV Gold's PR below:
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=25294678&txt2find=sulfuric
ABV Gold, Inc. Finalizes Financing for Russian Operations
MONTREAL, Oct 31, 2007 (MARKET WIRE via COMTEX) -- ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to update shareholders on recent developments in its Russian business activities.
"Our Russian business activities are key to the future of our company," reported Daniel Ryan, President of ABV Gold Inc. "Our property in Russia is in a historically significant area for gold production. Our mine first produced gold in 1842. Our project has 25.84 metric tons of reserves. A metric ton of gold is worth $25,134,874
http://www.onlygold.com/BigGold/MiniWeb/MetricTonneOfGold.asp Our intention is to fund the company this month in order to maximize gold production at our site. We have finalized a term sheet with an investor group for $10 Million USD. This term sheet will be executed by the company when the stock price reaches $.15. Management of ABV Gold Inc. has determined that the company should have a valuation of between $.15 to $.25 per share. The use proceeds will allow us to upgrade our onsite facilities including the conveyor systems, separators and crushers. This financing will give the market new valuation parameters for the company."
http://www.pinksheets.com/pink/quote/quote.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2007%5C05%5C15%5C93341754.html%26clientid%3D168%26provider%3DInternet_Wire&symbol=ABVG&tabValue=1#getNews
THAT statement alone precludes Aurus Krong reserves because Krong's reserves of ore tailings are Pyrite ashes which are obtained like wastes from roasting of pyrite ores to produce sulfuric acid... and NOT from previous gold mining activity!!!
pre·clude tr.v., -clud·ed, -clud·ing, -cludes.
1. To make impossible, as by action taken in advance; prevent.
AND neither Krong, nor any other of Aurus mining properties that have historically operated as gold claims were operational as early as 1842 - a condition mentioned in ABV Gold's PR below:
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=25294678&txt2find=sulfuric
ABV Gold, Inc. Finalizes Financing for Russian Operations
MONTREAL, Oct 31, 2007 (MARKET WIRE via COMTEX) -- ABV Gold, Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8) is pleased to update shareholders on recent developments in its Russian business activities.
"Our Russian business activities are key to the future of our company," reported Daniel Ryan, President of ABV Gold Inc. "Our property in Russia is in a historically significant area for gold production. Our mine first produced gold in 1842. Our project has 25.84 metric tons of reserves. A metric ton of gold is worth $25,134,874
http://www.onlygold.com/BigGold/MiniWeb/MetricTonneOfGold.asp Our intention is to fund the company this month in order to maximize gold production at our site. We have finalized a term sheet with an investor group for $10 Million USD. This term sheet will be executed by the company when the stock price reaches $.15. Management of ABV Gold Inc. has determined that the company should have a valuation of between $.15 to $.25 per share. The use proceeds will allow us to upgrade our onsite facilities including the conveyor systems, separators and crushers. This financing will give the market new valuation parameters for the company."
http://www.pinksheets.com/pink/quote/quote.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Ciw%5C2007%5C05%5C15%5C93341754.html%26clientid%3D168%26provider%3DInternet_Wire&symbol=ABVG&tabValue=1#getNews
