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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (36155)	3/16/2007 12:54:51 PM
From: loantech	Respond to of 78418

Gold is leaking all over the place! <G>

To: Zincman who wrote (36155)	3/23/2007 2:26:50 PM
From: loantech	Read Replies (1) \| Respond to of 78418

One of these days PMI may just explode to the upside: 2007-01-19 18:06 ET - News Release Mr. James Robertson reports PRIMARY METALS REPORTS EXPLORATION UNDERWAY AT BANJAS GOLD PROPERTY An initial exploration program is under way at Primary Metals Inc.'s Quinta/Banjas gold property, 30 kilometres east of Porto in Portugal. The program includes geological mapping and sampling, surface and underground diamond drilling, and percussion drilling, with an estimated budget of approximately 250,000 euros ($375,000 (Canadian)). The Quinta/Banjas property is held under an exploration permit from the government of Portugal by Beralt Tin and Wolfram (Portugal) SA, a wholly owned subsidiary of Primary. The permit covers an area of approximately 44 square kilometres. Terms include a security deposit of 35,000 euros to the government and exploration expenditures of not less than 150,000 euros over the first two years. After the initial term, the permit may be renewed annually for up to a further three years. At any time during the five-year period, it may be converted into a mining licence. The Banjas property and surrounding areas have been explored and mined intermittently since Roman times. Most recently, areas of the property were worked in the late 1930s, when a series of narrow quartz veins were mined for gold and a small processing plant was in operation at the Banjas mine, although no records were preserved. Old stopes and underground workings at Banjas are accessible and show black shales with quartz stringers, argillitic lodes and gold-arsenic-quartz mineralization in shear zones. Sampling of the argillitic lodes by Bureau de Recherches Geologiques et Minieres (BRGM) showed an average width of 70 centimetres. Historical results showed that from 80 samples taken, 10 per cent showed gold values over 100 grams per tonne (g/t) gold, with a maximum of 523 g/t gold. The structure appears to continue about 3,000 metres northwest from the Banjas mine to the Poco Romano area, where it has been intersected by diamond drilling. stockwatch.com A programme of mapping and sampling and drilling in the area is underway with results expected by mid-March. stockwatch.com