December 11, 2007 - 10:42 AM EST
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ZNXT 0.0003 0.00
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ZNext Mining Corporation Inc. Reports on the First 30-day Test Run and Current Development Run at Gango Gold Rush Project ... Provides Update on the Binasan and the XYZ Gold Projects
IR Representative Madeleine Franco Shares First-Hand Visit and Observations in Trip Diary Available Soon at www.znextmining.com
ZNext Mining Corporation, Inc., Stock Symbols: USA (OTC Common Shares: ZNXT)(OTC Preferred Shares: ZNXTP); Germany (Xeta: R1z.De) and (Frankfurt: R1z.F) today provided an update on its Gango, Binasan and XYZ Gold Projects.
GANGO GOLD RUSH PROJECT:
The first 30-day test run of the 50 MT capacity processing equipment of the Gango Gold processing plant, using the stockpiles from the Tunnel #1 (Wellbrook’s Tunnel) had produced only 15 grams of gold recovery when the equipment had to be halted for troubleshooting by the mechanical team. The gold team redesigned the mechanics by replacing some vital parts inside the secondary leaching tank, to improve its gold recovery. The gold processing plant started to process Tunnel # 3 (Alpha and Omega Tunnel) by running 24/7, during the week of Nov. 29 to Dec. 6, 2007. Engr. Gil Salutin, Gold mill plant supervisor reported that the Alpha and Omega Tunnel produced and recovered 277 grams of gold with impurities by the end of that week.
BINASAN GOLD PROJECT:
The company announced the gold recovery of 625.15 grams of gold for 2 weeks period giving a Gross Revenue for the month of November, 2007 was Php 539,540.25.00 Pesos @ Php 885 Pesos per gram of gold, equivalent to $13,488.33.USD Gross Revenue @ 40 pesos per 1 USD conversion ratio.
The Higaonon Tribes are striving to produce 1 kilo of free placer gold a week. However, intermittent rainfall last week had made it impossible for them to reach their goal.
XYZ GOLD PROJECT:
The permitting process for the XYZ gold project is ongoing. Having received and submitted its Small Scale Mining Permit the week of November 24, as well as its environmental certification, the company awaits evaluation by local authorities so that a resolution may be passed as final approval for commencement of activities at the Masbate XYZ Gold site. Management is in constant communication with the granting authorities and believes that the permitting process will be complete prior to year end. In the meantime, the company is working up operating budgets, interviewing personnel to staff the operation and purchasing additional equipment needed for mining activities.
AVAILABILITY OF TRIP DIARY:
Having recently returned from a visit to the Philippines, ZNext investor relations representative Madeleine Franco has prepared a diary trip report will be available on the company’s web site at www.znextmining.com.
ABOUT THE COMPANY
ZNextMining Corporation, Inc. is an international mining company engaged in the exploration and commercialization of new and underdeveloped mine sites, primarily gold and other precious and strategic metals. The company currently owns 12 mining claims in British Columbia, Canada. Additionally, under a Philippines Mineral Production Sharing Agreement (MPS) with the government of the Republic of the Philippines, ZNext Mining that owns up to a maximum of 40% of the Pearl Asian Mining Industries, Inc, a Philippines Domestic Private Corporation, through aggregation of manpower and production among small-scale miners and indigenous peoples, intends to capitalize on economies of scale in gold and silver extraction, processing and commodities selling and trading. ZNextMining Corporation, Inc. is committed to the implementation of sustainable green technologies to achieve fiscal strength based on the principle of Profit-People-Planet. Management continues to focus on achieving profit, while conducting business with utmost consideration and compassion for people and protection of our planet and the environment.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ZNextMining Corporation, Inc.
Investor Relations:
Jordan Richard Assoc. LLC
Madeleine Franco, 702-256-4905
ir@jordanrichard.net
www.ZNextmining.com
Source: Business Wire (December 11, 2007 - 10:42 AM EST)
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ZNXT 0.0003 0.00
Today 5d 1m 3m 1y 5y 10y
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Today 5d 1m 3m 1y 5y 10y
ZNext Mining Corporation Inc. Reports on the First 30-day Test Run and Current Development Run at Gango Gold Rush Project ... Provides Update on the Binasan and the XYZ Gold Projects
IR Representative Madeleine Franco Shares First-Hand Visit and Observations in Trip Diary Available Soon at www.znextmining.com
ZNext Mining Corporation, Inc., Stock Symbols: USA (OTC Common Shares: ZNXT)(OTC Preferred Shares: ZNXTP); Germany (Xeta: R1z.De) and (Frankfurt: R1z.F) today provided an update on its Gango, Binasan and XYZ Gold Projects.
GANGO GOLD RUSH PROJECT:
The first 30-day test run of the 50 MT capacity processing equipment of the Gango Gold processing plant, using the stockpiles from the Tunnel #1 (Wellbrook’s Tunnel) had produced only 15 grams of gold recovery when the equipment had to be halted for troubleshooting by the mechanical team. The gold team redesigned the mechanics by replacing some vital parts inside the secondary leaching tank, to improve its gold recovery. The gold processing plant started to process Tunnel # 3 (Alpha and Omega Tunnel) by running 24/7, during the week of Nov. 29 to Dec. 6, 2007. Engr. Gil Salutin, Gold mill plant supervisor reported that the Alpha and Omega Tunnel produced and recovered 277 grams of gold with impurities by the end of that week.
BINASAN GOLD PROJECT:
The company announced the gold recovery of 625.15 grams of gold for 2 weeks period giving a Gross Revenue for the month of November, 2007 was Php 539,540.25.00 Pesos @ Php 885 Pesos per gram of gold, equivalent to $13,488.33.USD Gross Revenue @ 40 pesos per 1 USD conversion ratio.
The Higaonon Tribes are striving to produce 1 kilo of free placer gold a week. However, intermittent rainfall last week had made it impossible for them to reach their goal.
XYZ GOLD PROJECT:
The permitting process for the XYZ gold project is ongoing. Having received and submitted its Small Scale Mining Permit the week of November 24, as well as its environmental certification, the company awaits evaluation by local authorities so that a resolution may be passed as final approval for commencement of activities at the Masbate XYZ Gold site. Management is in constant communication with the granting authorities and believes that the permitting process will be complete prior to year end. In the meantime, the company is working up operating budgets, interviewing personnel to staff the operation and purchasing additional equipment needed for mining activities.
AVAILABILITY OF TRIP DIARY:
Having recently returned from a visit to the Philippines, ZNext investor relations representative Madeleine Franco has prepared a diary trip report will be available on the company’s web site at www.znextmining.com.
ABOUT THE COMPANY
ZNextMining Corporation, Inc. is an international mining company engaged in the exploration and commercialization of new and underdeveloped mine sites, primarily gold and other precious and strategic metals. The company currently owns 12 mining claims in British Columbia, Canada. Additionally, under a Philippines Mineral Production Sharing Agreement (MPS) with the government of the Republic of the Philippines, ZNext Mining that owns up to a maximum of 40% of the Pearl Asian Mining Industries, Inc, a Philippines Domestic Private Corporation, through aggregation of manpower and production among small-scale miners and indigenous peoples, intends to capitalize on economies of scale in gold and silver extraction, processing and commodities selling and trading. ZNextMining Corporation, Inc. is committed to the implementation of sustainable green technologies to achieve fiscal strength based on the principle of Profit-People-Planet. Management continues to focus on achieving profit, while conducting business with utmost consideration and compassion for people and protection of our planet and the environment.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
ZNextMining Corporation, Inc.
Investor Relations:
Jordan Richard Assoc. LLC
Madeleine Franco, 702-256-4905
ir@jordanrichard.net
www.ZNextmining.com
Source: Business Wire (December 11, 2007 - 10:42 AM EST)
News by QuoteMedia
www.quotemedia.com
Gruß Kevinn