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Pearl Asian Mining Industries Begins Refining Its Own Gold, Silver and Platinum To 99.95% Purity and Acquired Gold, Silver & Platinum Refining Systems
MANILA, Philippines--(BUSINESS WIRE)--July 19, 2006--
Chief Metallurgist Elvis Hidalgo and President/CEO Randolf Villanueva of Pearl Asian Mining (OTC: PAIM) announced today that Pearl Asian acquired a Smelting and Refining System to refine its own gold, platinum and silver to 99.95% purity. This gold and platinum system works without any acids. It was strongly recommended over any type of acid refining system. It is far safer, cleaner and easier to use. It's far less expensive and has a virtually indefinite shelf life. The manufacturing company has been around since 1918 and proved their equipment to be effective and efficient. It is estimated that there are over 5,000 units in use today and from just 1999-2001, over 5 metric tons of gold was refined in these refining systems. It has dual capacity and can run batches of up to 1 kilo of gold within an hour run time. It is so compact, about 1 cubic foot in size, and versatile.
Pearl Asian has included this revenue-making enterprise as a subsidiary of the Pearl Asian Mining Industries (PAIM) that also complements its actual gold-mining operations. Pearl Asian's mission and vision to enhance environmental protection will be achieved, as this system is proven safe because it does not use acids, cyanides or toxic chemicals and can be used in dust collection. It is odorless and has no smells. It produces 99.95+% purity every time. It costs only $1-$2 per ounce of gold to run.
"By refining our own gold, silver and platinum, Pearl Asian will have saved over $10,000,000.00 in our first year of production, and Pearl Asian has already begun offering this smelting and refining service to other local and small-scale miners, thus generating extra revenues immediately," exclaimed Randolf Villaneuva, President/CEO.
Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. The Factors that could cause actual result to differ materially from anticipated results includes risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Source: Pearl Asian Mining Industries Inc. |