Gold Price Monitor News - [why] GOLD IS PRECIOUS
an example (or) spoken by another that Walked their Talk
Subj: CORPORATE UPDATE - GOLD IS PRECIOUS
Date: 2/6/02
From: LePatron@LeMetropoleCafe.com
To: dougak@gatanut.com
NEWS RELEASE - No. 2-02 February 6, 2002
Trading Symbols: SXG or SMXMF
See news at
samex.com
CORPORATE UPDATE - GOLD IS PRECIOUS
The Canadian Venture Exchange has requested that SAMEX
Mining Corp. issue a news release in response to the
increased trading volume and price of the Company's shares.
SAMEX confirms that there are no material changes in the
Company that have not previously been announced...
... in recent weeks Management has observed a dramatic
shift in market perception and interest concerning gold/silver
which appears to be turning investor's attention to companies
mining or exploring for precious metals.
In spite of...
This motivating principle is summarized in the following excerpt
from the Company's 2000 Annual Report:
"Is mineral exploration worthwhile considering the
depressed metal prices of the past several years?
Should a company continue to explore for gold and silver
when popular opinion has rejected these metals as a "store
of wealth" in favour of stocks, bonds and paper currencies?
GOLD IS PRECIOUS - Precious metals have been the standard
of real value for many centuries. SAMEX is motivated by
a strong conviction that gold and silver are valuable
"hard assets" particularly during times when confidence
in paper investments is shaken. SAMEX has survived the
boom and bust of the technology bubble and management
plans to continue the business of exploring for precious
metals and other valuable resources in the earth."
In addition, SAMEX has also been an outspoken supporter
of the Gold Anti-Trust Action Committee (www.GATA.org ),
a US based "not for profit" organization, which contends
that a hidden scheme exists to manage and even manipulate
the US dollar price of gold for the benefit of certain
knowledgeable parties to the detriment of others. GATA
has researched, documented and is now supporting ongoing
US Federal litigation against certain international banking,
government and quasi-government institutions.
SAMEX also applauds several more senior companies within
its sector, who have embraced the concept that "gold is
honest money" and publicly endorsed policies such as
holding back excess gold production in bullion instead of
cash, and further, offering shareholders the opportunity
to receive dividends in certain gold instruments.
It appears the increased volume and price of SAMEX shares
may in part be attributed to investors who recognize that
the mining/exploration sector may be undervalued as
compared to other investments, and further,
are supporting companies motivated by the aforementioned convictions.
SAMEX holds several quality exploration prospects within one
of the most prolifically mineralized regions of the earth,
the Cordillera Occidental of Bolivia and Chile. The Company
is currently working to secure financing for the ongoing
exploration of several of its key properties namely the
Eskapa and Wara Wara prospects. (See news releases, photos, maps etc.
at samex.com ).
Jeffrey Dahl,
President
The Canadian Venture Exchange has neither approved
nor disapproved of the information contained herein.
All the best,
Bill Murphy
Le Patron, LeMetropoleCafe.com
Chairman, Gold Anti-Trust Action gata.org |
