Press Releases: 1) Michigan Gold Mining Investments Inc. Is the New Name for Ecological Recycling Co and Is Now Under New Management May 16 2006 1:21PM ET http://www.michigangold.net/press/051606.htm
5)Michigan Gold Mining Investments Inc. CEO Comments on Significant Probable Silver Reserves at Anita Mine May 30, 2006 8:00:00 AM http://biz.yahoo.com/iw/060530/0131796.html
Michigan Gold Mining Investments Inc. is an American junior mineral exploration company developing mineral assets in North America. Currently, Michigan Gold (MGGV) has an option agreement to purchase a 100% interest in a 10,500 acre property in Northern, Ontario Canada named the ‘Lucky Irish’, a volcanic massive sulfide deposit, which exhibits significant showings of lead, copper, zinc and silver.
Michigan Gold Mining Investments Inc., as well, retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Shillington Township named the ‘Deadmoose Lake’ property. Michigan Gold Investments Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Investment Highlights Electro-magnetic and magnetic surveys already completed on 160 acres on the Lucky Irish
A 900 foot long, 60 foot wide, lead/zinc zone has been delineated and stripped on the Lucky Irish,. ready for drilling
A geological survey commissioned by the Ontario government tested every lake bottom (4,000 lakes in Ontario) for PGM’s-Platinum and Palladium . The Deadmoose Lake had the highest PGM readings of any lake in Ontario An electro magnetic survey has confirmed drilling targets to be dug in the next stage of exploration work on the Deadmoose Lake property
Business Strategy
The business strategy of Michigan Gold Mining Investments, Inc. (MGGV), as a junior exploration firm, is to develop mineral properties to enhance shareholder value over a long term time horizon. The first tactic in advancing the Company’s overall strategy is to choose the geographical venue best suited to meet MGGV stated goals. Mineralization occurs on every continent and almost every country in the world, but the Company must determine the optimum mix of opportunity and risk in each geographical venue, that offers the best return on the Company’s investment.
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its getting hit pretty hard right now, i hate how this stock just moves up and down, i know its gonna go up but weathering the storm is giving me more grey hairs
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Michigan Gold Preparing to Drill Its Canadian Deadmoose Lake Platinum/Palladium Property Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) is pleased to announce it is preparing to test diamond drill its Platinum/Palladium Deadmoose Lake property located in Shillington Township in Northern Ontario.
Ben Fuschino, President, Michigan Gold Mining Investments Inc., stated, "Michigan Gold retains a one hundred per cent (100%) interest in the approximately 600 acre property." The property was originally staked following the release by the Ontario Geological Survey of Open File Report 6061: Montreal River Headwater Area Sediment Survey, Northern Ontario: PGE Data-Operation Treasure Hunt. The small spring-fed Deadmoose Lake, centered within the staking, contained the most anomalous results of over four thousand [4,000] lakes sampled under the lake sediment survey program (Rapski,2002).
Of all the over four thousand lakes tested in this government sponsored survey, the Deadmoose Lake property showed the highest geochemical results of PGMs which are platinum related minerals (Platinum currently trades at app. $1,150 per ounce and Palladium at app. $300 per ounce). These results, however, do not preclude that although the Deadmoose Lake has the highest finding of Platinum-related minerals in its lake sediments in the entire province of Ontario, it does not necessarily possess economic quantities of these precious metals.
The property has had a proton-procession magnetometer survey conducted over the entire 600 acres. The magnetic high was located at the west end of the lake and coincides with the rust-stained water from the lake sediments which are near the warm spring that feeds the lake. The working theory (Rapski, 2002) is that the Platinum-related minerals in the lake sediments are being transported up from the warm spring; which the biogeochemical and magnetic surveys seem to confirm. Hence, MGGV plans to drill three drill holes of 500 feet, on roughly a forty-five (45) degree angle, into the spring's base. The drill holes will be spotted by Mike White BSc, MSc Geology (see Mr. White's resume at www.michigangold.net) and he will personally handle all the core samples until they have been given to an independent assay lab.
Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) is currently negotiating with drill contractors to mobilize on the Deadmoose Lake property to commence drilling. Michigan Gold Mining Investments Inc. hopes to have drilled the holes and have results in July-August.
Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) is also pleased to announce the retention of Premier Media Service, who will handle the MGGV's Investor Relations portfolio.
About Michigan Gold Mining Investments, Inc.
Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold Mining Investments, Inc. currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property. Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits. Michigan Gold is committed to the accumulation and development of unhedged precious metal deposit sites in both North and South America.
The company is of the opinion that the bull market in metals is a trend that will continue over a generation. Notwithstanding, the current low levels in Global Inventory in most metals and, most importantly, longer term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. This factor, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits may support historically high dollar prices in metals for years to come.
Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.
Michigan Gold Investments, Inc. (PINKSHEETS: MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.
Forward-Looking Statement
The information contained herein and regarding economic, competitive, governmental, technological and other factors may constitute a " forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. This release contains forward-looking statements with respect to the results of operations and businesses of Michigan Gold Mining Investments, Inc., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.
Source: Market Wire (June 26, 2006 - 10:00 AM EDT)
Michigan Gold Mining Investments Inc.(PINKSHEETS: MGGV) is pleased to announce that it has updated the mineral reserve estimates on the Anita Mine prospect in Peru. The new estimates were calculated by Professional Engineer Andres Vera G. in his August geology report on the property. His results were reviewed by Michigan Gold's senior geologist Mike White. Mike White comments on Andres Vera's report:
The Anita property comprises 525 hectares (app. 1,300 acres) owned jointly by Mauro Espinoza and his company, Minera Paron S.A.C. Michigan Gold holds an option to purchase 100% of the property. The Anita Mine property lies 456 km north of Lima, Peru in the eastern Cordillera Negra and 10 km NW of the Pierina Mine. The Pierina Mine is owned by Barrick and produced 628,000 ounces of gold in 2005 with a cost of $139 per ounce. The Pierina mine is an open pit mine with current reserves of 1.9 million ounces of gold. Property evaluation and sampling of Anita was performed by geological engineer, Andres Vera G.
The property area is underlain by Tertiary Volcanics, mostly Calipuy andesites and intruded by subvolcanic siliceous diorite porphyry, thought to be the source of hydrothermal fluids that caused the prolific mineralization and alteration in the region.
The current work evaluated the Anita vein/ NE-SW Fault system that is exposed over 1,020 metres with an average width of 4.5 m. Average values from channel samples yielded values of 0.4 grams/mt Gold (Au), 4.50z/ton Silver (Ag), 2.5% Lead (Pb) and 1.8% Zinc (Zn). Previous/historical work had extracted 227,000 mT averaging 0.6g/t Au, 13oz/ton Ag, 8% Pb and 7% Zn.
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>>>> Total Valuation in Dollars: $555,720,780: The values used for metals were prices as of August, 2006. AU: $650/ounce AG: $12.10/ounce Pb: $1,104 per Metric Tonne Zn: $3,385 per Metric Tonne
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