MGM Mineral Resources Announces Corporate Update Based on Recent Meetings in Colombia
TORONTO, Oct 02, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
"As the public and our shareholders are well aware, early August 2006, our Company held a week of corporate meetings in Medellin, Colombia, as well as additional meetings towards the end of August 2006," said Ken Lamb, President of MGM Mineral Resources. "These meetings were a success. We developed new contacts in the private sector, along with local heads of government. Due to attracting a lot of local attention, we have been working diligently with various potential investors, and continued having ongoing discussions with many potential producing mines, as has been evident through our recent news and Press Releases."
On June 1, 2006, the Company listed the address of the new MGM office in Medellin, in which they have been conducting operations since that time. Due to the ongoing growth and need, the Company decided to move location to a larger and state-of-the-art facility.
The Company's recent success at their meetings brings with it added responsibilities and administrational duties. MGM Mineral Resources was not only involved in business negotiations, but were involved in good will services as well, assisting the local communities to the best of their abilities.
"As promised recently, MGM Mineral Resources will attempt to make its corporate website user friendly and as a centre of flowing information," continued Ken Lamb, President. "As of now, the new corporate address has been added to our Company's website in the Contact Us section. Secondly, we are pleased to announce the initial pictures that we are releasing from our corporate meetings and good will that was conducted during our trip. All pictures can be accessed through the home page, in a new section entitled Colombia Update. Our targets and goals are being met constantly and MGM Mineral Resources will be a high gold yielding operation and a well renowned name in the mining industry."
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but is now extending to other areas throughout the country. For more information please visit www.mgmmining.com |
