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Jim Bishop

11/04/02 10:54 PM

#217 RE: Digrdoug #216

If he asks, I will help, but there is no way of knowing other than the obvious connections to TT and RA, if any of the other offshore companies either have anything to do with GE, or even hold any GE stock.

So I see no point in giving him a headache reading SFG filings and sorting it all out.

Just for general interst here's a tidbit that I found a while ago.

St. Francis Mining NL, Annual Report 1999

"Other Officers

Remuneration was earned by entities associated with directors of entities in the Consolidated Entity, who were not directors of the Parent Entity. Entities associated with Dr Terry C Turner earned remuneration from the Consolidated Entity (including amounts due but not paid) consisting of consulting fees of $89,793 and entities associated with Mr Ronald Atwood earned remuneration from the Consolidated Entity (including amounts due but not paid) consisting of consulting fees of $89,793."

That whole deal sounded pretty good for them in the beginning.

It started out as US$1.5 million in cash and US$8.5 million in St Francis shares, but that's not quite how it ended up.

Ended up with Keswick now holding about 3 million shares and 6 million options in SFG, and SSH owning 50% of Chacarilla. SSH owned 40% in the beginning.

SFG have written the Project down from $23 million to $5 million now, are shopping for a buyer, shopping for either a Canadian or US public company to go in with them, and looking at new technology for the processing of copper oxide to produce copper pentahydrate.

SFG.ax last traded Oct 31 at .017.

It's also interesting to note some of the similarities between the history of Chacarilla and Cangalli....the Inca's, past production etc etc.


ps: Hi Ann, glad you made it through the earthquake.

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Jim Bishop

11/05/02 3:14 PM

#218 RE: Digrdoug #216

Another 1 million in 144's filed.

Marathon Industrial

http://www.nasdaq.com/asp/Holdings.asp?FormType=form144&symbol=MYNG&selected=MYNG


Golden Capital Securities
168-1177 West Hastings St
Vancouver, B.C.
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Jim Bishop

11/07/02 11:28 AM

#219 RE: Digrdoug #216

olden Eagle Reports First Production Results; Gold Grades Continue to Increase
Thursday November 7, 9:36 am ET


SALT LAKE CITY, Nov. 7 /PRNewswire-FirstCall/ -- Golden Eagle International, Inc. (OTC Bulletin Board: MYNG - News) announced today the results of its first full month of production from its Cueva Playa gold operation in Cangalli, Bolivia. The operation processed 10,640 tons of ore in this period, with an average gold grade of 1.108 grams per cubic meter, or .554 grams per ton.
"We are genuinely excited that our gold grades keep improving despite the fact that we are currently mining surface conglomerate material and have not processed any ore from the several richer pay streaks that run through our deposit. We are also very pleased with our operating team's progress as we approach sustained full capacity production in our processing plant during this shake-out period," stated Terry C. Turner, Golden Eagle's President and CEO. "What is significant to us is that these increasing grades are double the grades that we used to build our models and projections. Twice the grade obviously means twice the revenue from gross sales."

The Company's Cueva Playa operation averaged 34% of production capacity during October 2002, its first month in its start-up phase. However, on the last production day of the period, the operation reached 1,104 tons, or 110% of projected capacity. The Company estimates that the operation will reach its sustained full capacity of 1,000 tons per day during the month of November. Gold sales in this first month from the Cueva Playa operation have been averaging $320 per ounce ($10.29 per gram).

In addition, Golden Eagle is in the process of finishing the installation of highly-efficient conveyors in its interior mine, the completion of which is expected to double the capacity to 2,000 tons per day in the month of December. The Company believes that this increased capacity, coupled with averaging in ore from the higher grade pay streaks through its block caving operation, will result in a substantial increase in revenue toward the end of the fourth quarter of 2002.

In its final phase, Golden Eagle plans to expand its Cueva Playa operation to 11,000 tons per day. Once this production level is reached, the Company projects that its cost per ounce of gold produced will be less than $75.

Issues affecting production at Cueva Playa during October 2002 were:

* Early torrential rains that washed out 200 meters of road between the
mine and the township of Cangalli. That section of road has been
repaired and additional improvements have been made to avoid problems in
the future.
* Terraces in the Company's temporary open pit were washed out by the same
rains. Additional engineering and improved supporting earthworks, as
well as improved drainage, have been employed to solve the problem.
* A rented track excavator had various mechanical problems that slowed
production. The Company has purchased a Caterpillar 235 track excavator
to replace the rental. The replacement excavator has a 12 meter reach
and a 2 cubic meter capacity bucket, which should substantially
contribute to more efficient loading of ore in the mine.


"I am very pleased with our first month's production results," commented Ronald Atwood, Ph.D., Golden Eagle Vice President for Development, and former Chief Metallurgist for Newmont Gold. "Our operating team is going through the learning curve more rapidly than any group that I have worked with in the past. This crew, most of which has years of experience working in the Tipuani Gold District, has responded to the weather and equipment challenges in such a way that we are now prepared to maintain full capacity operation during the rainy season. We're right on track."

"We are making great progress for being in our shake-out phase," said Max Staheli, a Golden Eagle Board Member, and former Controller of Barrick Gold Corporation for South America. "I have helped bring in large gold mines before, and the standard time to reach sustained production capacity is usually 3 to 4 months. Our team in Bolivia is well ahead of schedule on that count."

Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah, and La Paz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the historic Tipuani Gold Mining District in Western Bolivia that has produced an estimated 32 million ounces in its known history, and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield. This press release does not contain all of the information about Golden Eagle, and the Company highly recommends that no investment decision should be made without reviewing its disclosures, risk statements, previous press releases, annual reports, quarterly reports, and current reports found at its website: http://www.geii.com.

For more information about the Company, call Sabrina Martinez in Investor Relations at (801) 619-9320.

Forward-Looking Statements and Disclosure of Risk

The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may," "expects to," "projects," "estimates," "plans," and other terms denoting future possibilities, are forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward- looking statement made herein.

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Source: Golden Eagle International, Inc.