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Press Release Source: Pearl Asian Mining Industries, Inc.
Pearl Asian Mining Industries, Inc. Announces Phase 2: Construction & Pre- Development Stages is Now Underway "Operation Gold Finger" on The XYZ Gold Project Wednesday February 15, 9:00 am ET
MANILA, PASIG CITY, PHILIPPINES--(MARKET WIRE)--Feb 15, 2006 -- Pearl Asian Mining Industries, Inc. (Other OTC:PAIM.PK - News) announces the "Operation Gold Finger" on the XYZ Gold Project Phase 2: Construction & Pre-Development Stages is now underway. ADVERTISEMENT
The XYZ Gold Project -"Operation Gold Finger" construction of road is underway towards the 20 hectares of PAIM's Small-Scale Mining Claim. The XYZ Gold Project Team is led by the Sr. Mining Advisor Eng. Peter C. Caleon, Chief Mining Operating Officer, Eng. Socrates Serrano, OIC- Officer- In-Charge Jonathan S. Mercado, altogether with the new members of the 2006 XYZ "Operation Gold Finger" Team , are very experienced mining professionals with a depth of first hand knowledge of the Philippine Mining Industry and government regulations. The construction of approximately 4.5 kilometers access road, lead by Civil Eng. Mike Penalosa, will allow the team to access to the XYZ mine site so that the necessary operations of a small-scale mining and processing will commence within the next 90 days.
The XYZ Gold Team will also construct building facilities (such as a Staff House, Offices, Power House, Warehouse, and Change House). The rehabilitation and development of old tunnels lead by PAIM's Engr. Cesar Rosales and Senior Geologist Engr. Regino Selvano will be a part of this phase. As soon as the road is constructed the delivery of mine & process equipment plus generator set and mobile vehicles will immediately follow. PAIM will construct base foundations for process equipment and power generating set, installation of generator and electrical power distribution lines, construction of a tailings impoundment facility and construction of plant & installation of processing equipment is headed by highly experienced and sophisticated PAIM's Sr. Engineer Ricardo S. Bernardo. PAIM will begin the hiring of more mine workers to assist during this construction phase particularly on site preparation, clearing and grubbing of the mine and tailings dam area. During the progress of road construction, it is also the PAIM's intention to re-forest the side pathways with trees such as mahogany, gmelina etc. The safety and the environmental protection engineering aspect of the whole operations are led by our experienced Engr. Trecero Reyes. Once construction nears completion, deployment of the core project team will be put in place and this is anticipated by the end of August, 2006. Simultaneously, Pearl Asian will be working on the design of the new school house to re-build the community's learning center as well as to set up the proper water supply systems spearheaded by Vice-President Fr. Ariel and Brother Manolo Tecson, the Community Relation Officers of Pearl Asian Mining.
The months of May, June, and July will see the transition of once a neglected mine site into an operational and productive site bringing employment to the local community and heralding in a new era of mining industry to the Philippines. It is anticipated that after the completion of this Phase 2, gold will once again be produced during the 4Q (fourth quarter) of 2006.
The "Operation Gold Finger"- XYZ Baleno Gold Project is planned with a minimum risk, cost effective enterprise and will serve as the Model and Pioneer for further projects planned by PEARL ASIAN MINING (PAIM).
Forward-Looking Statements:
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This Forward-Looking Statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward- looking statements, whether as a result of new information, future events or for any other reasons.
posted
down to .0002...wont stay this low, im buying more
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
Any of you guys using Ameritrade? Do you have L2s for this? I'm not getting b/a or L2s!
Posts: 263 | From: NY | Registered: Feb 2006
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posted
I am using etrade, I dont see the MM's but it looks like someone or a bunch of people just dumpped millions and I mean millions of shares at .0002
anyone know what this may mean?
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
well volume was stagnant for awhile and it looks like 100+million shares were dumped in a period of 10 minutes
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
my order went through at 11;29....did anyone else get some at .0002?
Posts: 360 | From: black hawk , colorado | Registered: Dec 2005
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
why wouldnt you buy at .0002? if it goes back to 4 you've doubled...not sure why its down today with good PR but if its because the company is dumping to free money so they can mine then its a good sign for all!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
2.5 million shares bought between 1150 and 1200
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
well im sitting on 5.5 million shares now...lets see this baby rock and roll!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
it may be a risk but there are pennies out there worth way more and their revenues are measured in the hundred thousands....paim's revenue will be measured in the hundreds of millions!
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
the mm HDSN seems to be your problem at the moment. Once he's out of shares then it may be able to head up. The question is how many more shares does he have?
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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