Pan American Gold Corporation Begins Work on the Huicicila Property.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Pan American Gold American Gold is a syndicated weekly, four-hour, hit-packed, oldies countdown program which is written, produced and hosted by Radio Hall-of-Fame broadcaster Dick Bartley. Concept The concept of American Gold Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PNAMF) ("Pan American") has approved a 12-month exploration budget for the Huicicila (Miravalles) property in Nayarit State, Mexico. The work includes an immediate 1200 metres of drilling along with further mapping, trenching and geophysics. Pan American director Ramon Farias has been dispatched to the property to manage the exploration work. Two drill rigs are already on site. The Huicicila (Miravalles) property is located 12km southeast of Tepic City and lies within the Compostela Mining District, which has several trends of gold deposits along the Pacific Coast. High-grade gold and silver veins are present on the property with proven reserves estimated by the American Smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. and Refining Company totaling 50,000 tonnes of ore: 1 oz/t of Au and 12 oz/t Ag. Excellent potential exists to increase the tonnage with further exploration. Notice Regarding Forward Looking Statements This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that (i) the work may include an immediate 1200 metres of drilling along with further mapping, trenching and geophysics, and (ii) excellent potential exists to increase the tonnage with further exploration. Actual results relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, reserves, results of exploration, capital costs, drilling, mapping and trenching programs and mine production costs could differ materially from those currently anticipated in such forward-looking statements. Factors affecting forward-looking statements include: the speculative nature of mining exploration and development activities; changes in ore reserve estimates; the productivity of Pan American's mining properties; changes in operating costs operating costs npl → gastos mpl operacionales ; changes in economic conditions and conditions in the precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , foreign exchange and other financial markets; changes in the prices for precious metals or other minerals Pan American develops or produces; changes in investment and exploration expenditure levels; litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Pan American operates; technological, mechanical and operational difficulties encountered in connection with Pan American's mining activities; and labour relation matters and costs. You should refer to the risk disclosures set out in Pan American's annual report on Form 20-F and other disclosure documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities. |
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