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Author Topic: EAGM - Gold mining company moving up
Vagabond
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EAGM - El Alacran Gold Mine Corp. http://www.alacrangold.com/gold/default.html
Looks like it might be moving up again. No sign of dilution on this one. Do your own DD

[Cool] Vagabond

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You are what you do, not what you say!

Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
Vagabond
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This one is on a lot of traders radars! could be an easy 100% + gain. Watch it!

[Cool] Vagabond

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You are what you do, not what you say!

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Vagabond
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Just a couple of traders hit this and it will take off. IMO NITE wants to move this up.

[Cool] Vagabond

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You are what you do, not what you say!

Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
Vagabond
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Lots of trading on this today. With over 1.4 million so far it's over 100 times the average last 10 day volume of 12,880 shares . UBSS maybe covering shorts for a run up?

[Cool] Vagabond

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You are what you do, not what you say!

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gfinney
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Some interesting info on this on Investor hub

...........
Below was written in 2004, when gold was $390 an oz. and copper was $1.00/lb. Gold is now $648/oz and copper is $3.66/lb. Using the current values for both metals, the gold is worth $223 million and the copper is worth $1.1 billion. This would not all be profit since it's expensive to mine the metals, and complete the finished product. Found during a Yahoo search about El Alacran gold deposit in Columbia:


The El Alacran Deposit project includes three exploration licenses totaling 1,265 hectares of known gold, copper and silver resources. Geologist Robert P. Shaw has summarized calculations of gold and copper resources as follows:

* Proven Gold underground mining potential is 96,280 oz, which at $390/oz,it equates to over $37 million; the proven Copper potential is 84,532,577lbs, which at $1.00/lb it equates to over $84 million.

* Possible Gold open pit mining potential is 41,324oz, which at $390/oz it equates to over $16 million.
* Possible/probable Gold underground mining potential is 206,610 oz, which at $390/oz it equates to over $80 million; the Copper potential is 216,341,000 lbs, which at $1.00/lb it equates to over $216 million

The El Alacran ore zones are not constricted, appear to repeat systematically and are open at depth, which offers possibilities for the exploration,discovery and long-term development of potentially large-scale Gold and Copper resources. Silver is also indicated and probably significant but calculations are premature at this time.

Email from company regarding this information.... Some interesting info on this on Investor hub

Subj: Re: Check out Investors Hub - El AlacranGold Mine Corp (EAGM) Post #1046
Date: 8/8/2006 12:56:12 P.M. Eastern Standard Time
From: info*alacrangold.com
To:*aol.com
Sent from the Internet (Details)


Mr. C,

We thank you for your investigation and email.

This is to confirm that the Alacran Gold Deposit that was posted on that site, Investors Hub, is correct, although the calculations were based on very preliminary reports and findings over four years ago.

Mr. Robert Shaw worked as a third party for another corporation before EAGM took over the mining rights two years ago. Those numbers can be viewed as a good approximation of the confirmed findings thus far, although, not limited to our further and additional studies.

Our current Geologist is finalizing and continuously working on the land and we will be providing Preliminary findings to the public in due time and then definite information for the entire public at large.

We are very excited with the project and are happy to see that our investors are quite diligent in joining us with this great venture.

Management


---------- Original Message ----------------------------------
From: *aol.com
Date: Mon, 7 Aug 2006 22:11:14 EDT

_Investors Hub - El Alacran Gold Mine Corp (EAGM) Post #1046_
(http://www.investorshub.com/boards/read_msg.asp?message_id=12510310)

Is this the same property that EAGM operates in Columbia? I found this
material on the Internet after searching El Alacran Gold Deposits.

Thanks!

John C Some interesting info on this on Investor hub

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Vagabond
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Looking at L2, looks like MM's might be ready to move this up?!

[Cool] Vagabond

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You are what you do, not what you say!

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Johnwayne
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Dang, I knew should have grabbed some at .02's

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Thanks Matto. Thanks Juice.

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wallymac
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I grabbed some at .028. This looks like it's been waiting to run and could easily be a nice runner.

GLTA
Wally

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vinnie1
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or it could be a crash and burn
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wallymac
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TORONTO -- (MARKET WIRE) -- 08/09/06 -- El Alacran Gold Mining Corp. (PINKSHEETS: EAGM), a
precious metal mining company, releases Preliminary Geologist Report and
technical overview for the Company's initial and flagship property by the
same name, "El Alacran" Mine.


Based on regional exploration results, including geological mapping,
geo-chemical soil and rock sampling and chemical analysis, the Company has
identified various areas with high gold and silver concentration, along
with massive copper reserves. The recent initial exploration programs at
El Alacran included surface mapping, trenching, pitting and magnetometry.
The results were sufficiently positive to warrant the subsequent 15 hole,
2,407 meters of diamond drilling which indicated the potential for
substantial precious metal reserves. Gold-copper (silver) minerals are
confirmed over an approximate 600-meter strike length in what may be
considered the north-central portion of the indicated zone at El Alacran
Mine.


An initial calculation of the project's gold and copper resources at El
Alacran has been determined. This calculation is presented on a "closed
system-basis" utilizing exploration information covering approximately 400
metres of strike length in the central portion of the known El Alacran
mineral system, as constrained by the diamond drill holes SJ-02 in the
north and SJ-09 in the south.

Open Pit Mineable Oxide Gold Resources

Category Tonnes Average Grade Total Contained Metal
Not Divided of Ore Au g\t Oz Au

Total 484,575 3.31 41,324

Underground Mineable Gold and Copper Resources

Category Tonnes Average Grade Total Contained Metal
of Ore Au g\t Cu% Oz Au Lbs Cu

Proven 2,113,833 1.87 1.42 96,280 84,532,577
Probable 921,753 1.60 1.10 32,507 6,860,185
Possible 4,488,228 2.15 1.21 174,103 179,480,815

*Note: A silver resource is also strongly visible at El Alacran, however
the general lack of analytical data for silver data renders calculations
premature. Silver is significant, however, not considered in the initial
reports.


"If all goes as expected with this project, El Alacran will likely become
the cornerstone of our Company's precious metals-related holdings," said
Rafael Delgado, C.E.O. "Our shareholders must understand that the initial
calculations provide an estimate of the proven geological gold and copper
resources contained within only a portion of the mineral system at El
Alacran. It must be recognized that this calculation does not represent
the upside resource potential of the El Alacran project, as we are only in
the preliminary stages of the reports."


The Company will continue to work diligently on upcoming geological results
and will continue to release all information for its shareholders as it
becomes available.
__________________

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Vagabond
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MM's playing games big time with this.

[Cool] Vagabond

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You are what you do, not what you say!

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Johnwayne
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Wow did this puppy tank. WOnder if it'll bounce back EOD

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Thanks Matto. Thanks Juice.

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Vagabond
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No dilution, same #'s today as on 7/17 per post on I-HUB. T/A is not gagged!

[Cool] Vagabond

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You are what you do, not what you say!

Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
Vagabond
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Do some DD on this one, it's all good! [Smile]
I have been watching it a long time. If you jump aboard be prepaired for a rough ride. IMO MM's want your shares cheap!

[Cool] Vagabond

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You are what you do, not what you say!

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Vagabond
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Hope the dumping of shares (or whatever has been going on) is done, then this thing can head north!

[Cool] Vagabond

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You are what you do, not what you say!

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Vagabond
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Good bottom resistance at around .02 L2 looks good now.

[Cool] Vagabond

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You are what you do, not what you say!

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Vagabond
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From another board:

another email confirmation of share count from T/A

From : <SignatureStock*aol.com>
Sent : Friday, August 11, 2006 10:16 AM
To : xxxxxxxxxxxxx
Subject : Re: El Alacran gold mine corp. information request

| | | Inbox


As of today, El Alacran the total outstanding is 487,591,300 shares. The float is 195,021,291 shares and the restricted share amount is 292,570,009 shares.

The authorized is 500,000,000 shares.

Denise Bogutski
signaturestock*aol.com

Signature Stock Transfer, Inc.
2301 Ohio Drive Suite 100
Plano, TX 75093
Tel: 972 612-4120
Fax: 972 612-4122

[Cool] Vagabond

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You are what you do, not what you say!

Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
atleast
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up 100% for 2 days, very thin and volative...
good 1-2 days play

last PR:
Santa Catalina Mining Company Releases Preliminary Geologist Report and Technical Overview for the El Alacran Project
Wednesday August 9, 2:00 pm ET


TORONTO--(MARKET WIRE)--Aug 9, 2006 -- El Alacran Gold Mining Corp. (Other OTC:EAGM.PK - News), a precious metal mining company, releases Preliminary Geologist Report and technical overview for the Company's initial and flagship property by the same name, "El Alacran" Mine.
ADVERTISEMENT


Based on regional exploration results, including geological mapping, geo-chemical soil and rock sampling and chemical analysis, the Company has identified various areas with high gold and silver concentration, along with massive copper reserves. The recent initial exploration programs at El Alacran included surface mapping, trenching, pitting and magnetometry. The results were sufficiently positive to warrant the subsequent 15 hole, 2,407 meters of diamond drilling which indicated the potential for substantial precious metal reserves. Gold-copper (silver) minerals are confirmed over an approximate 600-meter strike length in what may be considered the north-central portion of the indicated zone at El Alacran Mine.

An initial calculation of the project's gold and copper resources at El Alacran has been determined. This calculation is presented on a "closed system-basis" utilizing exploration information covering approximately 400 metres of strike length in the central portion of the known El Alacran mineral system, as constrained by the diamond drill holes SJ-02 in the north and SJ-09 in the south.

Open Pit Mineable Oxide Gold Resources

Category Tonnes Average Grade Total Contained Metal
Not Divided of Ore Au g\t Oz Au

Total 484,575 3.31 41,324

Underground Mineable Gold and Copper Resources

Category Tonnes Average Grade Total Contained Metal
of Ore Au g\t Cu% Oz Au Lbs Cu

Proven 2,113,833 1.87 1.42 96,280 84,532,577
Probable 921,753 1.60 1.10 32,507 6,860,185
Possible 4,488,228 2.15 1.21 174,103 179,480,815
*Note: A silver resource is also strongly visible at El Alacran, however the general lack of analytical data for silver data renders calculations premature. Silver is significant, however, not considered in the initial reports.

"If all goes as expected with this project, El Alacran will likely become the cornerstone of our Company's precious metals-related holdings," said Rafael Delgado, C.E.O. "Our shareholders must understand that the initial calculations provide an estimate of the proven geological gold and copper resources contained within only a portion of the mineral system at El Alacran. It must be recognized that this calculation does not represent the upside resource potential of the El Alacran project, as we are only in the preliminary stages of the reports."

The Company will continue to work diligently on upcoming geological results and will continue to release all information for its shareholders as it becomes available.

About El Alacran Mining Corp. (Other OTC:EAGM.PK - News)

EAGM is a precious metal mining company engaged in the acquisition, development, and production of properties throughout South America. The Company currently engages in gold, silver and copper mining and related activities, including exploration, extraction, processing, and refining throughout Colombia. El Alacran's staff consists of senior geologists, civil and mining engineers; all of them with extensive experience resulting in the best knowledge to explore and develop the interests of the company.

The Company's initial focus will be on the exploration and procurement of gold, silver and copper in San Juan de Asis, in the Province of Cordoba.

Forward-Looking Statements

Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although El Alacran Gold Mining Corp. believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Contact:
Contact:
El Alacran Gold Mining Corp.
email- Email Contact
Phone- 1 800 880 9286
Fax- 416 499 8806



--------------------------------------------------------------------------------
Source: El Alacran Gold Mining Corp.

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inittowinit
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looking good, nothing but buys coming in...
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inittowinit
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starting to run
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dinner42
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other mining stocks ran up today as well, same MM's looking at a big picture maybe??? Hedge that!

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