WOOOOOOOOOWWWWWWWWEEEEEEEEEEEEEEEEEEE
""Diamonds are a girls best friend,
and sometimes investors too.""
GPVi Releases News After The Market Close on Friday, April, 16
***GPVi****GPVi****GPVi****GPVi****GPVi***
SPECIAL ALERT
Current Price: 15 cents
On Friday GPVi traded a mere 22,100 shares, yet the price soared up 25%. This could be an undiscovered gem. If enough people find out about GPVi Monday morning we might have a big winner here. (we're making sure they do) This is our opinion. We are issuing a strong watch alert to all of our members right now. This is our focus for Monday, April 19. Rumor has it that other groups will be releasing information to their members as well so keep a close eye on this one! Lets have a great $$$$ week.
GPVi Releases News After The Market Close on Friday, April, 16
GLOBAL PROSPECTING VENTURES ANNOUNCES JOINT VENTURE ON STURGEON LAKE DIAMONDIFEROUS KIMBERLITE BODY
A major successful diamond find could result in valuations of between $500 million and $5 billion dollars.
Global Prospecting Ventures Announces Joint Venture on Sturgeon Lake Diamondiferous Kimberlite Body
Friday, April 16, 6:21 pm ET
SAN FRANCISCO--(BUSINESS WIRE)--April 16, 2004--Global Prospecting Ventures, Inc. (PINK SHEETS:GPVI - News) is pleased to announce that it has entered into a joint venture with Garnet Point Resources Corp. (TSX.V:GRC)(OTC:GRCDF - News) on the Company's Sturgeon Lake Diamondiferous Kimberlite body located in Saskatchewan, Canada.
In a little more than a decade, Canada, a major world gold producer, has also become the third largest producer of diamonds in the world, behind only Botswana and Russia. It surpassed South Africa last year, according to an analysis by Statistics Canada of the relatively new, but booming, industry. "Not only is Canada rich in diamonds, it is rich in high-quality diamonds," it noted.
The group managing Global are responsible for the discovery of several diamondiferous kimberlites and other base and precious metal projects. The first discovery of kimberlite (a diamond-bearing rock) in Saskatchewan, Canada was made in 1988, in the Sturgeon Lake area, about 30 km northwest of Prince Albert on ground owned by Global.
Saskatchewan, Canada hosts some of the largest diamondiferous kimberlites in the world and past efforts by Global's management in this area led to the discovery of what some are touting as the largest kimberlite pipe discovered in the world which weighs in at 480 million tons. A comparison would be the Ekati Diamond Mine operated by BHP Billiton Diamonds Inc. which hosts 5 kimberlite pipes, weighing in at 43.5 million tons.
In a News Release dated March 30th, 2004, Global announced the commencement of a preliminary evaluation on the Company's 100% owned Sturgeon Lake diamondiferous kimberlite body and adjacent property. The Sturgeon Lake kimberlite is located 70 kilometers northwest of the Fort a la Corne kimberlite cluster. With greater than 70 magnetically defined kimberlite bodies identified, the Fort a la Corne kimberlite Province ranks as one of the largest in the world.
Based on work by De Beers Canada Exploration Inc. subsidiary Monopros, and Global management's assessment of average diamond grades and valuations of the Sturgeon Lake kimberlite body, Garnet Point Resources will fund a surface operation to custom mill and process the company's estimated 800,000 metric ton diamondiferous kimberlite body. Although the total tonnage of the Sturgeon Lake kimberlite is small by De Beers standards, it is exposed at surface and does not require extensive overburden removal. If proper diamond grade and valuations exist, the potential exists for an attractive smaller scale surface operation. In 2003, Canada accounted for 11% of world diamond production by value and this figure is projected to increase to over 15% over five years. In 2003, Industry giant DeBeers spent over 40% of their annual exploration budget in Canada, an amount exceeding $24 million.
Global has assembled an outstanding team of managers and geologists who have extensive successful experience in the mining and exploration business. Management is totally committed and focused on achieving significant commercial success. A major successful diamond find could result in valuations of between $500 million and $5 billion dollars.
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, GPVI notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.
Don't sit back and say I wish I did this I wish I did that. Tomorrow morning you need to watch GPVi. Don't miss it.
Disclaimer:An investment in the company presented in this transmission is highly speculative and involves a high degree of risk. The information presented in this transmission should not be used as the sole basis for making an investment decision. Readers are urged to conduct their own due diligence and review all filings made by the Company with the Securities and Exchange Commission prior to purchasing any securities. Additionally, it is recommended that you consult with your professional advisors before making an investment decision. Due to the speculative nature of this investment, a purchase of securities should not occur unless you can afford to lose 100% of your money. DMLMC. Has RECEIVED one hundred fifty-three thousand, eight hundred fifty free trading shares by a third party who is Momentum Traders. DMLMC intends to sell all or a portion of any stock compensation received by it at or about the time of the publication of this advertisement.
DMLMC. is NOT a registered investment advisor or broker dealer and is not selling investment advice. This is an advertisement. The purpose of this advertisement is to provide publicity for the advertised company, its products or services. This advertisement is not a solicitation or recommendation to buy, sell or hold securities and does not provide an analysis of the financial condition of the company of the risks involved in an investment in the Company.
This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Any commentary expressed by DMLMC in this advertisement is nothing more than an expression of its opinion or a dissemination of information provided directly by the company. DMLMC makes no representation, express or implied, concerning the accuracy, completeness or reliability of any information it disseminates from the company.
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