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Post by WWJDthrume on Oct 12, 2004 10:02:43 GMT -5
This will be the place to post DD for Newbies. [glow=red,2,300]THIS THREAD IS "READ ONLY"[/glow] It is a place where PR's will be posted and annotated in color coding. The annotation will be by the screen name mentioned. (VNGNTN1 -the official "ANNOTATOR")
NEWBIES with questions PM the "ANNOTATOR" GREY HAIRS PM with suggested "ANNOTATIONS" Please use [glow=red,2,300]REF #[/glow]to identify request; Thanks VAN
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Post by VNGNTN1 on Oct 12, 2004 11:07:51 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#1-UCAD[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------(BSNS WIRE) CMKM Diamonds, Inc. Announces Joint Venture on Uranium Claims CMKM Diamonds, Inc. Announces Joint Venture on Uranium Claims Business Editors LAS VEGAS--(BUSINESS WIRE)--Oct. 8, 2004-- CMKM Diamonds, Inc., (Pink Sheets:CMKX) is pleased to announce it has reached an agreement with United Carina Resources Corp. (UCA) CDNX whereby CMKX can earn a 50 percent interest in recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKX to pay $100,000 dollars on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary and $750,000 dollars is to be spent during the second year of the deal. $1,000,00 for 50% of Uranium claimThe properties consist of approximately 35,800 acres and are located in the Wollaston Lake - Hatchet Lake area of Saskatchewan. A substantial amount of exploration has been carried out on these properties in the past and United Carina Resources Corp. is undertaking a compilation of all the data available and will undertake fieldwork as soon as possible.Coring 2-4weeks; Mining 6-12mo Previous work on the claims outlined several conductive zones, which yielded assays in excess of 1% U3Oa. Sounds very highThe properties are located 30 kilometers north and northeast of four known uranium deposits (Rabbit Lake, McLean Lake, Collins Bay, and Eagle Point). United Carina will be the operator of the project and Mr. Dave Billard of Saskatoon will be the Qualified Person for the project. What do you think of this guyThe Wollaston area is one of the world's most prolific districts for rich uranium deposits. Two classifications of deposits are present: the unconformity-type and the basement-type. The unconformity deposits are related to the base of the Athabasca sandstone and usually occur at the contact of the Archean granitoid gneisses with the Aphebian meta sediments (e.g. Collins Bay, McClean Lake). Basement deposits are hosted solely in the meta sediments (e.g. Rabbit Lake, Eagle Point). All known deposits are related to the junction of north-easterly and northerly-trending faults, and have a close association with graphitic rocks. These deposits may be up to 1000 meters long, 100 meters wide, and less than 20 meters thick. The ore pods consist of a high-grade uranium ore. The deposits are surrounded by extensive alteration halos of chlorite, cericite, illite, and tourmaline. The majority of these deposits straddle the edge of the Athabasca sandstone and exhibit varying degrees of geophysical responses and radiometric signatures. The claim blocks held by United Carina Resources Corp. have many of the above geophysical characteristics and hence have good exploration potential for uranium. To view further company updates, you can go to our website located at www.casavantmining.com.
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Post by VNGNTN1 on Oct 12, 2004 11:09:56 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#2-CYXG[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------ Crystalix Group International Receives $3.5MM Capital Investment Monday October 11, 9:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 11, 2004--Crystalix Group International Inc. (CGI) (OTCBB: CYXG - News; http://www.crystalix.com) announces that the company has received a total of $3.5MM working capital from two separate investment groups. This has allowed for the restructuring of CGI corporate debt in addition to giving CGI additional resources to accelerate the company's integrated sales and marketing plan for global growth through multiple channels.It is a stated UC policy help help JV partners The company has recently seated three additional members of the board of directors. Accepting the appointment, Kevin T. Ryan, Robert McDermott and Tamer Muftizade accepted their position as directors and will fulfill their obligations and duties along with their other duties with the company.
Along with the addition of the three new board of directors, Crystalix Group International Inc. proudly announces the following corporate officer changes: Ryan will assume the responsibilities of chairman of the board, CEO, president and member to the executive committee; McDermott will serve as executive vice president, CFO, corporate treasurer and member of the executive committee; Rainer Eissing shall serve as executive vice president, CTO, member of the European executive and operational committees, and manager of the Berlin Office; Edgar Van Dam shall serve as vice president, corporate assistant secretary, DTO, and member of the executive committee; Muftizade shall serve as CFO and secretary in Crystalix Europe and member of the European executive and operational committees; Birol Nader shall serve as president and CEO in Crystalix Europe and member of the European executive and operational committees; Doug Lee shall serve as executive vice president, director of operations and member of the executive committee; Patty Hill shall serve as vice president of finance, corporate secretary, administration, and member of the executive committee; and John Lais shall serve as vice president of sales, Chief Marketing Officer and member of the executive committee.
The new board immediately took measures to adopt and began to place members on its audit committee, compensation committee, and code of business conduct and ethics. Crystalix Group International Inc. welcomes its new leadership team and looks forward to the execution of the global expansion of the marketing of our subsurface laser equipment and product worldwide.
About Crystalix Group International Inc.
Crystalix is the leading manufacturer, distributor and marketer of laser subsurface engraved optical-quality glass products. Its principal product is a personalized three-dimensional engraved crystal that features the facial image of one or more persons or other three-dimensional images. Crystalix kiosks are owned by its marketing partners in retail shopping malls, resorts, promenades, casinos, and theme parks where its crystals are engraved and sold. Its engraving process involves the use of a high-resolution digital camera, a laser image scanner, and a laser that is configured together by a standard desktop personal computer, using its proprietary software and a Windows operating system. The laser image scanner converts images from the digital camera, a customer's digital image, or a hard copy photograph into a three-dimensional or two-dimensional digitally formatted image that will be engraved into the center of the crystal by the laser. = = = = = It is a stated policy by PR couple years ago that UC intended to "brand" CMKX DIAMONDS" and market them as such, This company provides the technologey to engrave the brand INSIDE the diamond TEXT
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Post by VNGNTN1 on Oct 12, 2004 11:35:25 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#3-UCAD[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------U.S. Canadian Minerals, Inc. Announces Initiation of COD Operations Tuesday October 12, 5:30 am ET LAS VEGAS--(BUSINESS WIRE)--Oct. 12, 2004--U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News) announced today that it initiated the commencement of operations at the COD mine in Arizona. The company has contracted for the first stage of bulk sampling on the property and the improvements of the access and facilities at the site. Rendal Williams, CEO of U.S. Canadian Minerals, Inc. stated, "We are pleased to have commenced operations which will lead to full scale production from this property in the near future and are excited by the future returns we believe this property will generate." Further details relative to this transaction can be found at www.uscanadian.net/. This is just a cashflow item from a JV partner & update of activity, a low-level PR that keeps people looking[glow=red,2,300]#4-UCAD[/glow] by VANI am posting this here because it is a recap for parent company above and not that significant.October 13, 2004 06:05 AM US Central Timezone El Capitan Joint Venture Partner U.S. Canadian Minerals Inc. Announces Initiation of COD Operations PHOENIX--(BUSINESS WIRE)--Oct. 13, 2004--El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that its joint venture partner, U.S. Canadian Minerals, Inc. (OTCBB:UCAD), announced in a press release dated October 12, 2004, the initiation of operations at the COD mine located near Kingman, Arizona. The press release is as follows: U.S. Canadian Minerals, Inc. Announces Initiation of COD Operations October 12, 2004--Las Vegas, Nevada--U.S. Canadian Minerals, Inc. (UCAD) announced today that it initiated the commencement of operations at the COD mine in Arizona. The company has contracted for the first stage of bulk sampling on the property and the improvements of the access and facilities at the site. Rendal Williams, CEO of U.S. Canadian Minerals, Inc. stated, "We are pleased to have commenced operations which will lead to full scale production from this property in the near future and are excited by the future returns we believe this property will generate." Further details relative to this transaction can be found at www.uscanadian.net/.
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Post by VNGNTN1 on Oct 12, 2004 15:24:43 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#5-IMPORTANT DIVIDEND INFORMATION[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------ 1-RECORD DATE "The date an investor must be registered with the issuing company as a security's owner of record to receive dividends or other ownership privledges"A good place to SEE this date would be your order confirmation, I recommend you print BUY on one side of paper & SELL on other side and file.
2-EX-DIVIDEND DATE "The specific day a stock trades without paying the current dividend"It is best to hold and trade the next trading day
3-PAY DATE "The date you will receive the dividend" - - - - - - - VAN
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Post by VNGNTN1 on Oct 13, 2004 7:15:15 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#6-UCAD[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------U.S. Canadian Minerals, Inc. Announces Forward Split Wednesday October 13, 5:30 am ET LAS VEGAS--(BUSINESS WIRE)--Oct. 13, 2004--U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News) announced today that a 3 for 1 forward split of its Common and Preferred A shares has been approved. iNTRESTING no Record Date The Company is today notifying Nasdaq of such approval and the Company will be filing the appropriate paperwork with the goal of having the forward split reflected at the earliest possible time. The Company anticipates that said change will be reflected by Nasdaq within 10 business days.. WOW They must have filed Rendal Williams, CEO of U.S. Canadian Minerals, Inc. stated "We expect that this restructuring will allow the shareholder value to continue its current increase and allow for additional future financing avenues." Further details relative to this transaction can be found at www.uscanadian.net/. Since no dates were given I am picking up some @ opening, think it is NO LOSE either way. It is my understanding of restricted stock that it will not be split until restriction lifted, and no mention of that here.
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Post by VNGNTN1 on Oct 13, 2004 10:11:12 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#7-CIMM[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------ CMKM Diamonds, Inc., to invest in Casavant International Mining, Inc. Declares Dividend For Shareholders Monday July 19, 9:27 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 19, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) has agreed to invest US$1,000,000 in Casavant International Mining referred to as (CIM). CMKM Diamonds,Inc. will receive in return a 10% lifetime royalty on all mineral claims of CIM , specifically including the George Lake Zinc Deposit, (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663) In addition to the zinc deposit royalty CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004. Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant International Mining (CIM) said, "The company plans to utilize these funds to initiate a drill program to re-evaluate the known reserves of the George Lake Zinc Deposit and to establish a course of action for the project. The company also plans to become a publicly-reporting company." More details will be released in future news releases. = = = = = = MONEYTIMINGCOMMENTS [glow=red,2,300]UCAD[/glow] by VAN
= = = = =
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Post by VNGNTN1 on Oct 13, 2004 11:15:22 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#8-UCAD[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------ elcamunication, October 13, 2004
Today we received a press release which told us that our UCAD shares are going to undergo a 3-1 forward split. This is good news because "it helps the company grow and allow the shareholder value to continue its current increase and allow for additional future financing avenues", according to Rendall Williams.
Well additionally, I have confirmed that the shares will remain restricted. The commencement date of the restriction is the date they were received or fully paid for in our case that is Oct 6, 2004. This includes the split shares, so the clock on the restriction is not reset. The dividend shares (say100 will be come 300 and All 300 are restricted on the original 100 time table
According to Rule 144 the restriction for Company Affiliates is two years and non-affiliates it is one year. Since we are non-affiliates our restriction is only for one year and will be lifted approximately around Oct 6, 2005Your 300 shares can now be sold AFTER filing proper paperwork . However, please review the restrictions on selling the shares after that point. The Rule states that it is not an automatic process. The restriction busI think he meant "must" be removed from the legend by requestThis is not clear on you must clear restriction. I believe you must file a written request to your broker who will then request the DTC to remove it. This will open a 90 WINDOW for you to sell which will then close and remain restricted and requires the issuer to notify the transfer agent in writing to execute the removal of restrictions.
Selling your shares:
"Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement."true but maybe this will go to NASDAQ & new rules, company can also remove restriction
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Post by VNGNTN1 on Oct 14, 2004 8:14:05 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#9-CYXG[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------ Crystalix Group International Inc. -CGI- Receives Substantial Interest from Global & Fortune 500 Companies Since Debut of Latest Equipment & Technology Thursday October 14, 9:00 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 14, 2004--Crystalix Group International Inc. (CGI) (OTCBB: CYXG - News) recently debuted their new proprietary 2D & 3D laser technology & equipment at Photokina, the premier industry show on products and services in modern image communication in Cologne, Germany. "Photokina received record attendance as well as record supplier participation with over 110,000 trade visitors and 1,589 suppliers from 128 countries," stated Kevin Ryan, CGI president & CEO. "Photokina is one of the most anticipated and respected shows in the world and a showcase for our state-of-the-art technology. We continue to focus our efforts on strategic initiatives that we believe will improve the company's performance for the benefit of our customers, associates and shareholders," stated Ryan. "CGI received inquires as well as requests for future meetings from a number of the world's most recognized and respected companies," stated John J. Lais, III, and CGI chief marketing officer. "CGI received requests for information for retail equipment purchase, satellite operation & partnership inquiries, OEM capabilities as well as special markets inquires, consistent with the company's integrated sales & marketing plan focusing on key channel/distribution growth," stated Lais. A JV partner updating business plan, significance fits my belief we are seeing PR's daily into the party. Don't think those pesky MM'S are not paying attetion also. UC PLAN COMMING TOGETHER
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Post by VNGNTN1 on Oct 15, 2004 6:56:57 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#10-UCAD[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------U.S. Canadian Minerals, Inc. Announces Ecuadorian Concession, Green Baron Webcast and Further Information on Forward Split Friday October 15, 6:30 am ET LAS VEGAS--(BUSINESS WIRE)--Oct. 15, 2004--U.S. Canadian Minerals, Inc. (OTCBB:UCAD - News) announced today that it has acquired a concession for the mining of gold in Ecuador. Said concession has been granted to the Company's subsidiary, Yellow River Mining, S.A. Business plan updateU.S. Canadian Minerals' CEO Rendal Williams was interviewed for a CEO Webcast addressing shareholders and the investment community on the current and future prospects of the Company. The webcast will be conducted by Evergreen Marketing, Inc. and made available to the general public on The Green Baron Investors Society's website at www.TheGreenBaron.com beginning Monday, October 18, 2004. Think we will have it here for you SUNDAY afternoon The Company's earlier announced 3 for 1 forward split is expected to be effective October 25, 2004. All shareholders of record as of that date will participate in the split. They have set the RECORD DATE as 10/25/2004 which means you may buy in before close 10/19/2004 (transaction must be settled) Further details relative to this transaction can be found at www.uscanadian.net/.
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Post by VNGNTN1 on Oct 15, 2004 8:40:49 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#11-SGGM[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------St. George Metals, Inc. Information for Shareholders Friday October 15, 9:30 am ET VEGREVILLE, Alberta--(BUSINESS WIRE)--Oct. 15, 2004--Mark Giebelhaus, President of St. George Metals, Inc. (Pink Sheets:SGGM - News) is pleased to announce the company has a web page under construction at www.stgeorgemetalsinc.com. The Company has retained the services of Barry D. Rayment, Ph.D. who has many years global mining experience and has worked for BP Exploration and other major mining companies. No work has been given to Mr. Rayment yet but his services have been retained to examine any claims the Company considers. There is no guarantee that any fruitful claims will be forthcoming. The Company is considering exploration in Northern Arizona this month. No contracts have been entered into at this time. The Company has ongoing negations with CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) as previously reported. IMO This is the reason for this PR, at least it fits my theory o fPR's thru the partyThe Company is currently selecting a new Board of Directors, and a Board of Advisors from senior qualified individuals with academic, professional and practical qualifications. No appointments have been made as of today's date. More information will be released on all these areas this month.
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Post by VNGNTN1 on Oct 16, 2004 8:37:19 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#12-CMKX[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------
CMKM Diamonds, Inc. Announces Purchase/Dividend of Juina Mining Shares Saturday October 16, 3:19 am ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 16, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News), announced today that it has exercised its option to purchase an additional 127,336,036 shares of Juina Mining Corp. (Pink Sheets:GEMM - News) for $500,000 USD.This is an additional dividend The Company has elected to purchase these shares to issue as a dividend to all CMKX shareholders as of the October 29,2004 record date.Shares must be purchased by the close on 10/26/04 .The distribution date for this latest dividend is set for November 30, 2004. .to be paid 44 days later than Mondays dividend Further updates will be made in press releases and on both companies' websites.
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Post by VNGNTN1 on Oct 18, 2004 14:55:25 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------MONEYTIMINGCOMMENTS[glow=red,2,300]#12-CMKX[/glow] by VAN.............and a BIG THANKYOU to:_________------------------------------------------------------Juina Mining Corp. Has Option Exercised Monday October 18, 3:23 pm ET LAS VEGAS--(BUSINESS WIRE)--Oct. 18, 2004--Juina Mining Corp. (Pink Sheets: GEMM - News) announced today CMKM Diamonds Inc. (Pink Sheets: CMKX - News) has exercised its July 29, 2004, option to purchase common stock of the company. Through the option, CMKX purchased 127,336,036 shares of GEMM for $500,000. This increases our stake in this JV GEMM has been working with the U.S. Canadian Minerals Inc. (OTCBB: UCAD - News) management team to revive its diamond mining operations in Brazil, and the company believes that this additional funding will assist in facilitating this process. Further details relative to this project will be forthcoming in future press releases and at www.juinamining.com/ and www.uscanadian.net/.
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Post by VNGNTN1 on Oct 18, 2004 15:04:03 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#12-CMKX[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------
Crystalix Group International Inc. Announces Executive Management Plan for Other Countries Monday October 18, 4:00 pm ET
LAS VEGAS--(BUSINESS WIRE)--Oct. 18, 2004--Crystalix Group International Inc. (CGI) (OTCBB: CYXG - News) announces that senior management, led by Kevin Ryan, chairman, president & CEO, and Doug Lee, executive vice president of operations, are currently involved in a number of strategic initiatives aimed at improving global supply chain management, logistics, sourcing and new product development. "CGI is exploring all manufacturing and production options available through various countries. The company is focused on reducing CGI's costs, improving profitability and accelerating growth through existing and new channel distribution on a global basis," stated Lee. "CGI is also working to stop the illegal flow of 2D & 3D subsurface laser etched products into the U.S. retail market. The company is actively cooperating with government authorities as well as working with Laser Design International (LDI) and Norwood to eliminate these illegal products from reaching the consumer market in the United States," stated Ryan. JV Update only
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Post by VNGNTN1 on Oct 19, 2004 9:43:01 GMT -5
------------------------------------------------------ _____________________LEGEND____________________ ------------------------------------------------------ MONEYTIMINGCOMMENTS [glow=red,2,300]#13-CMKX[/glow] by VAN.............and a BIG THANKYOU to:_________ ------------------------------------------------------
CMKM Diamonds, Inc. Announces the Success of Its Integrated Business Plan Goes Into Effect in Ecuador Tuesday October 19, 9:30 am ET
PORTOVELO, Ecuador--(BUSINESS WIRE)--Oct. 19, 2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX - News) headed by its CEO Urban Casavant and his advisory team accompanied by the company's SEC attorney Roger Glen successfully concluded the major ownership acquisition of the established American Mine here in Portovelo today. CMKM Diamonds and its operating partner Minera Nevada SA a subsidiary of Nevada Minerals, Inc. of Las Vegas, Nevada will manage a major corridor of gold production inside this region. The current yield coming through the American Mine is 40 tons of gold ore on a daily average. Alejandro Diaz, president of Minera Nevada SA exclaims, "Within the next 6 working weeks the production will raise to a steady 80 tons of gold ore per work day as we start our second shift of underground mining team." Diaz continues, "All will be done to ramp the mining production to complete our obligations to Yellow river and US Canadian Minerals, Inc. for their addition of two additional mills to Yellow River and the new production facility of the Buza coming on line over the next 90 days to build up to 300 tons of gold ore processing per day to satisfy the volume increase of the American Mine build up of production." The advisory team had members from legal, accounting, operations and feasibility to assess all probabilities on expansion and further development of other opportunities from CMKX, UCAD, and Nevada Minerals. The team was introduced to the on ground executive team that will lead the way through the start up phase one process. US Canadian Minerals CEO Rendal Williams explains, "UCAD has considerable time and dollars invested here in South America, especially Ecuador. We believe there is a major shift of technologies that this region has been starving for and we as UCAD plan to lead the way and share this knowledge with those who wish to expand their current ore production."
The American Mine sits inside the Zaruma-Portovelo Mining District. This district has a recorded historic production of more than 4.5 million ounces of gold and 19 million ounces of silver, as well as significant tonnages of copper, zinc and lead concentrates.
The American Mine located in Portovelo, Ecuador consists of a 100 ton hoist system that will from up to the depth of one of its 13 levels, deliver gold ore to the surface to a 35 ton drop shoot that will be supported by a jaw crusher and a cone crusher to minimize processing time for expedited production flow at the Yellow River Processing Plant. Urban Casavant CEO of CMKX said, "Through the combined efforts of all the parties in this venture we have gathered a new frontier for the well being of our shareholders and company alike. The company will be moving rapidly into a revenue model here in the fourth quarter." This will provide much needed income & cash flow
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