Message #14 From:
NewsBot Date: January 17, 2007 06:00:00 AM
MYNG News Golden Eagle Receives Environmental Permits to Expand C Zone Pilot Gold Operations
SALT LAKE CITY--(BUSINESS WIRE)--Golden Eagle International, Inc. (OTCBB:MYNG) announced today that it
has received its environmental permits from the Bolivian government for
expanding its pilot operations on the C Zone gold mineralization on its
properties in eastern Bolivia. This will allow the Company to further
develop it bulk sampling program with the goal of confirming its
previous six-month exploration phase and moving toward full-scale
operations based on final feasibility and financing.
Golden Eagle also announced that despite heavy rains that have struck
eastern Bolivia during the past 30-day period, its pilot operations at
the C Zone have not been significantly affected. Torrential downpours
that occur during Bolivia’s rainy season from
December to March each year, which substantially impacted the Company’s
operations during years past in western Bolivia in steeper, mountainous
terrain, do not have the same crippling impact on its operations in the
flatter, more favorable topography of eastern Bolivia.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail
Alerts, please e-mail the Company at: eaglealert@geii.com.
Golden Eagle International, Inc. is a gold and copper exploration and
mining company headquartered in Salt Lake City, Utah and with offices in
Santa Cruz, Bolivia. The Company is currently focusing its efforts on
developing its mining rights on its Buen Futuro gold and copper project,
as well as its gold project on the B & C Zones, within its 136,500 acres
(213 square miles) in eastern Bolivia’s
Precambrian Shield.
The Company highly recommends that you review its disclosures, risk
statements, previous press releases, annual reports, quarterly reports
and current reports found at its Web site: www.geii.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISKS
Some of the statements in this press release are forward-looking
statements and are based on an assumed set of economic conditions and
courses of action, including: (a) whether Golden Eagle’
will be able to obtain sufficient financing to continue to meet its
operational goals; (b) estimates of mineral reserves and future
production levels; (c) expectations regarding estimated mine production
costs taking into account higher petroleum prices, expected trends in
mineral prices, and statements that describe Golden Eagle’s
future plans, objectives or goals; (d) uncertainties that result from
actions that may be taken in Bolivia relative to increases in the
Complementary Mining Tax, Corporate Income Tax or the amount paid for
mining patents (claims fees) in the future; e) uncertainties that result
from social and political conditions in Bolivia; and f) other risk
factors and matters disclosed in Golden Eagle’s
Securities and Exchange Commission (“SEC”)
filings which may be accessed at www.sec.gov.
There is a significant risk that actual material results will vary from
projected results depending on such factors as changes in general
economic, social and political conditions in Bolivia and financial
markets; changes in gold and copper prices; technological and
operational hazards in Golden Eagle’s mining
and mine development activities; uncertainties inherent in the
calculation of mineral reserves, mineral resources and metal recoveries;
the timing and availability of financing; governmental and other
approvals, and other risk factors listed from time-to-time in Golden
Eagle’s Form 10-K and its other reports filed
with the SEC. The mining projects in Bolivia described in this release,
and related evaluations, or in our other disclosures, should not be
construed by any means as an indication of the present or future value
of the Company or its common stock. Additionally, our plans with respect
to the Buen Futuro A Zone gold and copper project, or the B & C Zone
gold project, should not be construed by any means as an indication of
whether we will ever conduct successful mining operations in connection
with those projects. Golden Eagle disclaims any responsibility to update
forward-looking statements made herein.
