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International Precious Minerals Group, Inc. (Pink IPMG): is in the process of signing joint ventures with other companies in South East Asia and Africa the area to give us access to gold and other precious mineral leases. These countries are extremely rich in mineral potential, and relatively untouched due to the recent political instability. We plan to expand our portfolio of leases, while mining economically viable properties from the beginning. DD Post: http://www.siliconinvestor.com/readmsg.aspx?msgid=21384799 Website: http://www.ipminerals.com/
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IPMG's Mission: International Precious Minerals Group, Inc. is the product of the common vision of our people. Some of us fear what the world has in store…. Some of watch the world with wonder, interest and trepidation…. Some of us walk into the world with no particular direction or care…. Then there are those who see the realities and dare to explore further, push harder, and challenge thin illusions of what can be!
We at IPMG believe in the people, the resources and the future of the countries we work in. Gold and precious minerals are a symbol of the pinnacle of all of mankinds’ success. We believe that development of these resources is sustainable in an efficient, and responsible manner. We have a vision of a bright and prosperous future.
Our mission is to develop mineral properties for the benefit of our shareholders, our workers, and the people of these areas in a timely, efficient and transparent manner.
Registered Office: Suite 405 - 2424 Pioneer Ave. Cheyene, Wyoming 82001 Investor Relations: Jay Howson Bus: (720) 222-1038 Email: info*ipminerals.com Management Office: Suite 210 - 8420 South Continental Divide Road Ken Caryl Ranch, Colorado 80127 Bus: (720) 222-1038 Fax: (719) 222-5450
Transfer Agent: Capital Transfer Agency Inc. 390 Bay Street Suite 2020 Toronto, ON M5H 2Y2 Tel: 416-350-5007 Fax: 416-350-5008 http://www.CapitalTransferAgency.com
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International Precious Mineral Group Announces New Strategic Focus on World-Class Ore Deposits; Currently Evaluating Several Potential Acquisitions 11/16/2005 10:23:55 AM
KEN CARYL RANCH, Colo., Nov 16, 2005 (PRIMEZONE via COMTEX) -- International Precious Minerals Group, Inc. (Pink Sheets:IPMG) is pleased to announce that the Company's Board of Directors has unanimously adopted a new strategic focus for the Company. Effective immediately, IPMG's geologists will focus their efforts on identifying, acquiring, exploring and developing "world-class" ore deposits.
World-class ore deposits are the largest 10% of a given deposit type as ordered by metal content. These deposits dominate the supply of many metals and are, therefore, of great importance. For example, a world-class gold deposit would contain several million ounces of gold, and a world-class copper deposit, in excess of one billion pounds of copper.
To support this effort, IPMG has recently developed strategic alliances that significantly enhance the Company's exploration culture. Additionally, the Company has acquired private mineral deposit libraries and exploration databases, giving it access of one of the most extensive geoscientific databases in the industry.
Brian Robertson, IPMG's President, stated that, "We are searching for world-class ore bodies in districts that already host world-class deposits. One has a higher chance of intersecting economic mineralization by getting onto structural or geological trends within those districts. IPMG is focusing on secondary discoveries, extending from a proven ore deposit or past-producing mine. This philosophy sums up two world-class mineral deposits that IPMG is currently in the due diligence evaluation stages on."
IPMG consultants are carefully studying the overall commodities markets, looking at commodities such as titanium and tungsten where there are indications of potential near-term supply shortfalls. The Company intends to acquire one or more world-class deposits before the targeted commodities experience run-ups in prices like what has happened over the past couple of years with molybdenum ($5 to $35/lb) and uranium ($10 to $30/ lb).
IPMG is an active exploration company whose strategic objective is to generate multiple returns on shareholders' investments through the acquisition, exploration and development of world-class mineral deposits. IPMG's commodity focus includes gold, copper, molybdenum, tungsten, titanium, coal and uranium. The company is in the process of assembling a portfolio of significant projects in the United States and overseas.
About us:
International Precious Minerals Group, Inc. is a mineral exploration company focusing on gold and other precious mineral deposits predominantly in Southeast Asia and Africa. International Precious Minerals Group, Inc. was established to build on the strong contacts and relationships our management and other team members have internationally. The Company is publicly traded under the ticker symbol IPMG (PK).
We are in the process of evaluating or signing joint ventures with other companies in South East Asia and Africa to give us access to gold and other precious mineral leases. These countries are extremely rich in mineral potential, and relatively untouched due to the recent political instability. We plan to expand our portfolio of leases, while mining economically viable properties from the beginning.
This news release was distributed by PrimeZone, www.primezone.com SOURCE: International Precious Minerals Group, Inc. Premier Funding Kelly Black or Heather Kerwin (480) 588 8658 or (480) 649-8224 Or write to info*ipminerals.com
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