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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?


To: J. Nelson who wrote (2189)10/28/1999 3:10:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 2392
 
Yep I watch the moving and jocking of the MMs on level II ... A cover rarely happens and wont until a margin call is made.

When it happens it will just flat out happen ...

No rhyme or reason.

:-)

GB



To: J. Nelson who wrote (2189)10/28/1999 9:48:00 AM
From: O'Brien  Respond to of 2392
 
(BSNS WIRE) Golden River Resources Inc. Announces It Has Signed A Letter
Golden River Resources Inc. Announces It Has Signed A Letter Of Intent With
Orex Gold Mines Corp.


Business Editors

MOUNT VERNON, Wash.--(BUSINESS WIRE)--Oct. 28, 1999--Golden River
Resources Inc. (OTCBB: GDRV) is pleased to announce that it has signed
a letter of intent with Orex Gold Mines Corp. (OTCBB: ORXX). It is the
intention of the Company to come to a definitive agreement for the use
and marketing in Mexico of Orex's Licensed gold technology. Orex is
using an innovative gold extraction process that does not use sodium
cyanide and is environmentally benign. The potential market for this
type of product in Mexico is very large. The Company intends to
introduce the technology to the Mexican mining industry with the
assistance of its joint venture partner, Minera Fuerte Mayo, S.A. de
C.C. Inc. Minera Fuerte has extensive mineral claims throughout
Mexico.
OREX is presently carrying out production scale tests on their
gold extraction technology near Wickenburg, Arizona. Company personnel
and consultants will be visiting the site over the next few weeks.
Recoveries of over 95% of the gold from sulphide bearing quartz veins
have been reported.
A gold extraction system that does not use cyanide or other
environmentally harmful reagents has an enormous potential market
worldwide. Reduced environmental liability would offset a very large
price differential above conventional extraction technology. The
Company believe that it will have the opportunity to be involved at
the ground floor in an exciting and environmentally beneficial
technology.

*T
On Behalf of the Board

David St. Clair Dunn, P. Geo.
President
1-800-265-1177 (North America)
*T

No Stock Exchange or Regulatory Authority has either approved or
disapproved of this News Release.

This release may contain forward looking statements made pursuant to
the "safe harbour" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertain, including, without limitation
continued acceptance of the Company's products, subscriber growth,
product demand, competition, and other risks and uncertainties
detailed from time to time in the Company's periodic report

--30--mjc/cgo*

CONTACT: Golden River Resources Inc.
David St. Clair Dunn, 800/265-1177