Post by
r2j316 on Dec 07, 2006 9:12am
News Release !!!
EXMIN Secures Diamond Drill Rig for its 100% Owned Projects
CCNMATTHEWS
EXMIN Resources Inc.
December 7, 2006 - 09:01:24 AM
EXMIN Secures Diamond Drill Rig for its 100% Owned Projects
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2006) - EXMIN Resources
Inc. (EXMIN) (TSX VENTURE:EXM) is pleased to announce that it has secured a
new diamond drill rig by providing a down payment on a series of drill
programs it plans for 2007. The agreement with Globexplore Drilling, S.A. de
C.V., of Mexico, stipulates that the rig and drill crew be mobilized to the
first drill program site within ninety days. The agreement also stipulates
that the rig and crew will be captive to EXMIN as long as EXMIN can keep them
contracted.
Dr. Craig Gibson, PhD., Executive Vice President of Exploration for EXMIN
stated, "This is a great strategic move for EXMIN. The exploration industry is
exploding with demand, and it is very difficult to secure a rig. This
agreement merely prepays for drilling programs already planned by EXMIN for
2007. The availability of this new rig and drill crew will encourage
additional programs on our other 100% owned district-scale projects."
EXMIN plans to commence drilling programs at the Reyna de Oro, Cerro
Colorado/Mina Guadalupe, Oribo and Horcon projects in 2007. Several other 100%
EXMIN projects, including Batopilas, have identified drill targets that may be
drilled as well.
Dr. Craig Gibson, PhD., Executive Vice President of Exploration, is the
authorized professional geologist for the Company and the direct manager of
all technical programs and information.
About EXMIN
EXMIN Resources Inc. is currently focused on the exploration and development
of precious metal properties of significant merit in the Sierra Madre gold
belt of Northwestern Mexico.
Note: EXMIN Resources Inc. (EXMIN) has taken all reasonable care in producing
and publishing information contained in this news release. Material in this
news release may still contain technical inaccuracies, omissions or
typographical errors, for which EXMIN assumes no responsibility. This news
release may include certain "forward-looking statements" including but not
limited to comments regarding predictions and projections. All statements,
other than statements of historical fact, included in this news release,
including, without limitation, statements regarding potential mineralization,
exploration results, and future plans and objectives of EXMIN, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in documents filed
from time to time with the regulatory authorities.
FOR FURTHER INFORMATION PLEASE CONTACT:
EXMIN Resources Inc. Karl J. Boltz President & CEO 1-888-244-0304
EXMIN Resources Inc. Investor Relations 1-888-244-0304 Email:
info@exmin.com Website: www.exmin.com
The TSX Venture Exchange has not reviewed this release and does not accept
responsibility for the adequacy or accuracy of this news release.
Comment by
daytrader3 on Dec 07, 2006 9:39am
Great news,Karl will have a drill crew & rig as long as we need them for are projects.That's a big bonus for us,seeing that rigs & crews are hard to come by in this very busy area.Way to go team.Long & holding
Comment by
mitchellb25 on Dec 07, 2006 3:45pm
"....The agreement also stipulates
that the rig and crew will be captive to EXMIN...."
Jesus! Slave labour????
just Joking.