MYNG starting ore mill for 136,000 acre project
Golden Eagle Updates Report on C Zone Gold Mill Operation
2008-07-21 07:00 MT - News Release
SALT LAKE CITY, UT -- (MARKET WIRE) -- 07/21/08
Golden Eagle International, Inc. (OTCBB: MYNG) today reported that its C Zone gold mill in eastern Bolivia is operating and hit its processing goal of 200 tonnes per day (tpd) during one 24-hour period. (The Company is striving to maintain this daily production level, but cannot yet assure that it will be met on a daily basis.)
The C Zone mill went through a shakeout trial operating period until June 26, 2008 and has been in production since that date meeting operational challenges in an effort to reach steady-state processing at the mill's current capacity of 200 tpd. The Company intends to incrementally expand its mill over the first 6 months of operations to a final projected capacity of 2,000 tpd. (See Golden Eagle's updated PowerPoint presentation on the C Zone mill at its website, www.geii.com.)
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. Because the Company has limited financial resources, its efforts have centered on establishing 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, or selling to third parties and reinvesting the proceeds from, its Gold Bar 3,500 to 4,500 tpd CIP gold 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.
CAUTIONARY NOTE REGARDING