Post by Designer on Dec 16, 2004 18:15:19 GMT -5
U.S. Canadian Minerals Inc. Brings New Processing Online
via COMTEX
December 16, 2004
LAS VEGAS, Dec 16, 2004 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (OTCBB: USCA) announced today that its second Yellow River, Ecuador, processing facility has commenced operations and has begun extracting gold from ore 24 hours a day. This second facility increases the ore processing capacity of the company's Yellow River Mining subsidiary (of which the company owns 80%) to more than 40 tons of ore per day. The company presently has sources that produce that amount of ore per day, but there can be no assurance that this supply will be sustained. Moreover, the amount of gold contained in ore varies, and there can be no assurance that the company will continue to be able to obtain ore for processing that contains gold in commercial quantities. The continued operation of the processing facilities depends upon a number of local factors, including the continued availability of satisfactory labor.
Further information can be found at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
Copyright (C) 2004 Business Wire. All rights reserved.
via COMTEX
December 16, 2004
LAS VEGAS, Dec 16, 2004 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (OTCBB: USCA) announced today that its second Yellow River, Ecuador, processing facility has commenced operations and has begun extracting gold from ore 24 hours a day. This second facility increases the ore processing capacity of the company's Yellow River Mining subsidiary (of which the company owns 80%) to more than 40 tons of ore per day. The company presently has sources that produce that amount of ore per day, but there can be no assurance that this supply will be sustained. Moreover, the amount of gold contained in ore varies, and there can be no assurance that the company will continue to be able to obtain ore for processing that contains gold in commercial quantities. The continued operation of the processing facilities depends upon a number of local factors, including the continued availability of satisfactory labor.
Further information can be found at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
U.S. Canadian Minerals Inc. Chris Hanneman, 303-220-8476
Copyright (C) 2004 Business Wire. All rights reserved.