FOR IMMEDIATE RELEASE CONTACT: Andrew Hunter at
1-888-267-1400
September 30, 1998
Gold Ridge Investment Corp. Reports:
Can The Legendary Gold Miner Frank Lang Do It Again?
Will There Be A New Gold Rush In California?
A Three Million Ounce Gold Resource Has Been Defined!
Its got the characteristics of a stock purchase that everyone dreams about a fortune in the making.
It's reminiscent of the penny stocks named Golden Sceptre and Goliath Gold (which later became Hemlo Gold). In 1982, these stocks, worth just pennies per share, rose later to over $90 per share following a 3 for 1 split. All because of the legendary gold miner and entrepreneur Frank Lang (who co-discovered Hemlo Gold Mines which now produces 310,000 ounces of gold annually) and his team of dedicated associates.
Mr. Frank Lang has one of the most remarkable track records in discovering economic mineral deposits and developing them. He has a proven ability to raise the capital necessary to bring them to fruition
In 1972, Mr. Lang founded Belmoral Mines (which later soared to $40/share) and in 1980 he initiated Aurizon Mines, which is now producing 43,000 ounces of gold annually. These and other mining companies that he has been involved with during his extensive career have generated huge returns for investors.
And now he is turning his attention to the Idaho-Maryland gold mine in
Grass Valley, California. EMGOLD Mining Corp. ("EMR" - VSE) has made
tremendous progress in bringing the historic mine, which operated from 1862 to 1956, to a new production decision. EMGOLD has applied for and been granted environmental and exploration / development permits necessary for re-opening the underground mine and extracting over 3,000,000 ounces of gold believed to be there.
Frank Lang and EMGOLD are negotiating for major financing for an
underground drilling program and a mining feasibility study. Recent
studies indicate that the mine could be operated profitably as soon as the price of gold goes over $300 per ounce. Right now, the market price for gold hovers around the $300 mark. The stock has a current share price of $0.28 CDN (US$0.18), which makes it tremendously undervalued in comparison to other companies with similar resources which trade at $3 to $5 CDN (US$2-US$3.50) per share.
If Frank Lang can do it again, the company's stock offers potentially
explosive growth potential
For further information, visit EMGOLD on the Internet at:
emgold.com or contact Andrew Hunter at 1-888-267-1400
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Disclaimer: The information contained herein has been compiled or derived from sources believed reliable and contains information and opinions which are accurate and complete. However, Gold Ridge makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained herein and accepts no liability whatsoever for any loss arising from any use or reliance upon this report or its contents. The information provided is for information
purposes only and should not be construed as, and shall not form part of an offer or solicitation to but or sell any securities.
Mr Metals
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