Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Gold related post (PMU) ***

In more PMU at .77 an HEC at .64
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G'morning James,
You may want to reconsider your views on PMU.

Fwiw, I sold my entire PMU position this morning. I think there are far better places for my money than PMU.


Pacific Rim Mining Corp.: Reverse Circulation Drill Results Received for La Calera Gold Project

Wednesday October 13, 9:01 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 13, 2004--Complete drill results have been received for the Phase 2 reverse circulation drill program undertaken over the past several months at Pacific Rim Mining Corp.'s (AMEX:PMU - News; TSX:PMU - News) La Calera gold project in El Salvador. A Phase 1 core drilling program completed in 2003 suggested the presence of a potentially bulk-mineable gold target at La Calera, and a ground magnetic geophysical survey conducted earlier in 2004 identified numerous targets for follow-up drilling. The Phase 2 reverse circulation drill program was designed to test these geophysical targets for their bulk-mineable gold potential.

The results of the Phase 2 reverse circulation program are generally lower grade and less continuous than hoped, and do not, in the Company's opinion, warrant further work expenditures at this time. As a result, Pacific Rim has elected to terminate its option on the La Calera gold project.

http://biz.yahoo.com/bw/041013/135302_1.html