Pearl Asian Mining Industries, Inc. Starts Exclusive Mining Operation, Gold Purchasing & Mineral Processing Agreement With One of Mindanao's Local Tribes.PASIG CITY The City of Pasig (Filipino: Lungsod ng Pasig) is one of the cities and municipalities that make up Metro Manila in the Philippines. It used to be the capital of the province of Rizal before Metro Manila was formed. , Philippines -- Pearl Asian Mining Will Operate and Process Their Raw Gold & Silver Ores With The Potential Presence of Platinum Metal Randolf Villanueva, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pearl Asian Mining Industries, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PAIM PAIM Product Assurance Integration Manager PAIM Process, Architecture & Information Management PAIM Proactive Identification Model PAIM Pentathlon Aeronautique International Militaire ) announced today that the Company has successfully negotiated and signed an exclusive Mining Operation, Gold Purchasing and Mineral Processing mineral processing or ore dressing Mechanical treatment of crude ores to separate the valuable minerals. Mineral processing was at first applied only to ores of precious metals but later came to be used to recover other metals and nonmetallic minerals. Agreement with the Indigenous People's Chieftains. Pearl Asian will operate and process the ancestral land domain claims rich with raw gold and silver ores that may have contain platinum metals. This will be immediately available as another source of income of Pearl Asian (PAIM). Pearl Asian Mining is an aggressive gold mining company with a portfolio of gold and silver mining interests in the Philippines and Canada. With this new and potentially immediate "revenue-making" to be generated sooner than expected, should give a positive impact on the company's 2006 Second and Third Quarter Financial Statements. The "Operation Cagayan de Oro Cagayan de Oro City (pop., 2000: 461,877), northern Mindanao, Philippines. Located along the Cagayan River near the head of Macajalar Bay, it was established as a mission station in the 17th century and fortified by the Spaniards. " will be operational and done simultaneously while awaiting for the completion in the development of the general infrastructures on the XYZ XYZ interj. Informal Used to indicate to someone that the zipper of his or her pants is open. [ex(amine) y(our) z(ipper).] Gold Mine Site. The Gold Team is making their second trip on April 4th, to survey a topographic map to locate the site for a pilot plant of the "Pearl Asian Gold Mineral Processing Center." This ancestral domain claim known for very rich gold reserve in Cagayan de Oro (River of Gold) City, Mindanao Island, Philippines, is approximately 1 1/2 hour flight south of Manila. This is the local tribes' main livelihood: as small-scale mining "gold panners" producing gold between 1-2 kilos per week, using the most crude and manual procedures of gold recovery. The silver and platinum metals were discarded by the locals as they don't seem to understand the actual value of these other 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. . Just like the 1849 Gold Rush Bonanza in California, Pearl Asian Mining Industries (PAIM) sets out as the Pioneer in the mining developments, environmental safety and community developments. Pearl Asian is committed to build school houses, churches and medical clinics. Pearl Asian will help develop these very remote, mostly untapped, and very rich in gold areas of the Philippines "The Isles of Gold." 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. The Factors that could cause actual result to differ materially from anticipated results includes 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 Inexpensive issues of stock, typically selling at less than $1 a share, in companies that often are newly formed or involved in highly speculative ventures. Penny stocks are usually available for sale over-the-counter, that is, among brokers and customers themselves, as 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 the result of new information, future events or otherwise. |
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