RE: Any projections for 2008?Golden Eagle Holds Successful Public Hearing as Final Step Toward Mill Installation at Its C Zone Gold Project
Company Hires New Mill Superintendent in Anticipation of C Zone Operation
Dec 4, 2007 9:46:00 AM
SALT LAKE CITY, UT -- (MARKET WIRE) -- 12/04/07 -- Golden Eagle International, Inc. (OTCBB: MYNG) announced today that it held a successful public hearing in Ascension de Guarayos on November 30, 2007 as a final step toward the installation of its mill at its C Zone gold project in eastern Bolivia. The hearing was attended by local and regional authorities, as well as interested citizens from the community.
"Our environmental and operational team made a detailed presentation during the hearing, answered every question and had an extremely positive experience," stated Mac DeLozier, VP for Bolivian Operations. "On December 1, we went to work and are pleased that we have hit our goal of initiating the C Zone gold mill installation in the fourth quarter of 2007. We are now putting all of our energies into completing that installation and commencing gold extraction as soon as possible."
New C Zone Mill Superintendent
The Company also announced that it has hired a new mill superintendent for its C Zone gold mill to supervise the mill installation and smoothly transition into productive operations. Pedro Virreira, a mechanical engineer highly experienced in mill operations, was the former mill superintendent at Golden Eagle's Cangalli gold mill in western Bolivia and brought in the installation of that mill on time and under budget. Mr. Virreira, 42, is a graduate of the University of San Andres in La Paz, Bolivia with a degree in mechanical engineering. He worked for 10 years in the installation and operation of manufacturing, processing and smelting plants in Bolivia before participating in the installation and operation of Golden Eagle's Cangalli gold mill in 2002. Mr. Virreira is supervising a team of 35 employees in the mill installation, as well as directing private contracting firms with approximately 20 additional personnel.
The hiring of Mr. Virreira will free Dr. Michael Biste, the Company's chief consulting geologist, and his exploration team, to focus on feasibility work on the larger A Zone gold-copper project that is advancing with Golden Eagle's international consulting engineers.
Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices also in Santa Cruz, Bolivia. The Company is concentrating its efforts on expanding its pilot operations into production operations on its gold project on the C Zone within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. The Company is also continuing the development of its Buen Futuro A Zone gold and copper project. In addition, Golden Eagle is working with industry consultants regarding the potential expansion of its operations through maximizing the potential of its Gold Bar 3,500 to 4,500 tpd CIP mill located in Eureka, Nevada.
The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: www.geii.com.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please e-mail the Golden Eagle at: eaglealert@geii.com.