BB stocks shoot themselves in the foot when they set deadlines...
If I might call to your attention this previous release stating clearly April 30th...So be the judge for yourself ladies and gents
if you think we'll see this report in 10 days on their website??
If not Nays like Claude (IMO) will say, "ha! SCAM"
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o The geological study being prepared by Guido Paravicini, MA.,
Eng., an independent geophysicist and mining engineer retained by the
company, has been delayed due to the torrential rains that have
limited access to Golden Eagle's mining concession in Cangalli,
Bolivia. Turner expects the report to be completed before April 30,
1998. According to Turner, Paravicini's team of geologists were
frequently unable to reach the mine site due to mudslides across
access roads. In addition, the severe weather has limited field
activities, such as mapping, surveying and sample finalization.
These severe conditions, attributed to the El Nino phenomenon, do
not represent normal weather patterns. Turner also reports that
conditions have recently improved and access roads have been
reopened.
o The open pit production schedule set forth by the company is
still on track for the end of April. With weather conditions
improving in the area, Ingenieria de Servicios Profesionales, S.R.L.
(ISP), an engineering and earth moving company retained by the
company in La Paz, Bolivia, is preparing to move equipment to the
site.
"The operating funds will provide Golden Eagle with a solid boost
as we prepare to commence an aggressive open pit production program
by the end of April," Turner says. "I know there is much
anticipation concerning Mr. Paravicini's geological report, and as
soon as we have the results we will make them public immediately.
Unfortunately, the weather situation has caused delays in mining
operations throughout the region."
Golden Eagle International, Inc. is a Denver-based gold mining
and exploration company. The company is currently focusing its
efforts on developing the mining rights it owns on 2,004 hectares of
land consisting of 13 mine sites in Cangalli, Bolivia. For investor
relations information, please call Sabrina Martinez at 303/694-6101
or visit the company's website: www.goldeneagle-mine.com. Media
inquiries should be directed to Richard Pinto at 212/688-8599, or Guy
Murrel at 303/581-7760.
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