Golden Eagle CEO and Technical Team On-Site Evaluating Status of
C Zone Gold Mine Build-Out and Mill Expansion
Company Receives Favorable Environmental Classification for
C Zone Gold Project
SALT LAKE CITY, UTAH—(MARKETWIRE)---September 6, 2007---Golden Eagle International, Inc. (OTCBB: MYNG) announced today that its CEO, Terry Turner, together with the Company’s technical team, are at the C Zone in eastern Bolivia this week coordinating and facilitating the gold mine build-out and mill expansion. The C Zone is located on Golden Eagle’s Precambrian properties 300 kilometers (180 miles) north of Santa Cruz, Bolivia.
“Our goal is to get the C Zone into production and to attempt to begin seeing a revenue stream in the fourth quarter,” stated Mac DeLozier, Golden Eagle’s VP for Bolivian Operations. “All of our energies are dedicated to bringing the mine and mill on-line and demonstrating the productive capacity of our Precambrian properties.”
The Company also announced that its C Zone project received a favorable classification from the Bolivian Ministry of the Environment. In the final step toward environmental permitting for full-scale production, larger tailings impoundment issues for eventual projected production of up 1,000 tpd at the C Zone, as well as some water resource questions, had to be resolved for environmental and operational reasons during the CEO’s visit to Bolivia. With the resolution of those matters this week, the Company is taking the final step for issuance of its environmental permitting for full-scale operations while concluding its mine build-out and mill expansion.
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Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices also in Santa Cruz, Bolivia. The Company is concentrating its efforts on expanding its pilot operations into production operations on its gold project on the C Zone within its 136,500 acres (213 square miles) in eastern Bolivia’s Precambrian Shield. In addition, the Company is working with Washington Group International, Inc. on a due diligence study on the Company’s A Zone Buen Futuro gold and copper project.
The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com. |
