Desert Sun Mining Schedules Conference Call 10:00 am EDT Wednesday November 17, 2004.TORONTO -- Pre-production Progress and Q3 Financial Results Desert Sun Mining Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. ) (AMEX AMEX See: American Stock Exchange :DEZ DEZ Dezember (German: December) DEZ Disease Eradication Zone DEZ Death Egg Zone (Sonic 2/3 & Knuckes level) DEZ Di-Ethylzinc ) will hold a conference call on Wednesday November 17, 2004 to update investors on its pre-production activities and exploration program at the Jacobina Mine on the Bahia Gold Belt in Brazil. Financial results for the third quarter of 2004 will also be discussed. President and Chief Executive Officer Bruce Humphrey, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Peter Tagliamonte, and Vice President Exploration Dr. Bill Pearson will provide updates on the progress made on the property over the most recent quarter. Chief Financial Officer Stephen Woodhead will update investors on the company's finances. Conference Call Details Date : Wednesday November 17, 2004 Time: 10:00 am EDT Local callers: 416-695-6120 North American callers: 1-888-789-0089 International callers: +1-416-695-6120 An archive recording of the call will be available following completion of the call on the Desert Sun website at www.desertsunmining.com. About Desert Sun Mining Corp. SNC Lavalin completed a Feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. for Desert Sun (see press release September 12, 2003) which confirmed the economics of bringing the Jacobina Mine, on the Bahia Gold Belt in Brazil, back into production and outlined a mineral reserve of 10,746,000 tonnes grading 2.20 g Au/t containing 758,600 ounces of gold. SRK Consulting extended the SNC Lavalin Feasibility Study mine plan (2004 to 2011) an additional 11 years to early 2023 by scheduling the potentially "mineable tonnes" resulting from the conversion of inferred resources based on historical data. SRK considered that Jacobina has the potential to deliver "economically mineable tonnes" containing 2 million recoverable ounces of gold. A key objective of the expanded exploration program is to upgrade the presently inferred mineral resources to the indicated category to realize these potentially recoverable ounces. It must be cautioned that the SRK study is not adequate to definitely confirm the economics of the inferred mineral resources and that there is no guarantee that further drilling will upgrade the inferred resources. Based on the SNC Lavalin Feasibility, which used a gold price of US$350 per ounce and a Real (Brazilian currency) to $US exchange rate of 3:1, the mine can be in production by 2005, producing at a rate of 102,000 ounces of gold per year at an average cash cost of US $189 per ounce. The Company is presently reactivating the Jacobina Mine, which has been on standby since 1998, according to the feasibility plan. Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". Desert Sun Mining Corp. is a Canadian gold mining and exploration company listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol 'DSM' and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol 'DEZ'. (www.desertsunmining.com). Desert Sun Mining Corp. (TSX:DSM) (AMEX:DEZ) |
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