Post by Franko10 ™ on Jan 30, 2005 21:54:12 GMT -5
Juina Mining Corp. Will Begin Operation of Its Diamond Mining Facility With Presold Production
RENO, Nev.--(BUSINESS WIRE)--March 5, 1999--Juina Mining Corp. (OTC BB:GEMM) (BERLIN:JUI.BER) announced start-up of its diamond mining facility during the week of March 8, 1999, with immediate diamond production.
Management states that initial diamond production has been pre-committed for purchase at market rates based on purchasers' evaluation of anticipated diamond quality and quantity. An article in Professional Jeweler, March 1999 issue, indicates the Juina Mining diamond property has, "... potential reserves valued up to $200 million."
Steve Issod, consultant for corporate diamond marketing through Diasource Management Services, previously estimated that 5 percent of the company's production is larger diamonds, with some over 20 carats and some fancy colors; 20-25 percent gem quality; 60 percent near-gem quality; and the remainder "bort" utilized for industrial purposes.
Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 2,471 acres located in Juina, Mato Grosso, Brazil.
Visit the corporate Web site, which includes weekly progress reports and digital photos, at www.juinamining.com to learn more about the company.
Notice Regarding Forward-Looking Statements in News Release: To the extent that this news release contains forward-looking statements regarding the financial condition, operating results, business prospects or any other aspect of the company, be advised that the company's actual financial condition, operating results and business performance may differ materially from those projected by the company in forward-looking statements. The difference may be caused by a variety of factors, including, but not limited to, adverse economic conditions; intense competition including intensification of price competition and entry of new competitors; adverse federal, state and local government regulation; inadequate capital; adverse weather conditions that could result in a slowdown of the company's mining operations; unexpected costs and operating deficits; increases in general and administrative costs; lower sales and revenues then forecast; disadvantageous currency exchange rates; termination of contracts; loss of supplies; price increases for supplies and components; failure to obtain new customers and distribution channels; litigation and administrative proceedings involving the company; adverse publicity; loss or retirement of key executives and management personnel; interest rate changes; inflationary factors; and other specific risks that may be alluded to in this news release or in any other reports issued by the company.
COPYRIGHT 1999 Business Wire
COPYRIGHT 2000 Gale Group
RENO, Nev.--(BUSINESS WIRE)--March 5, 1999--Juina Mining Corp. (OTC BB:GEMM) (BERLIN:JUI.BER) announced start-up of its diamond mining facility during the week of March 8, 1999, with immediate diamond production.
Management states that initial diamond production has been pre-committed for purchase at market rates based on purchasers' evaluation of anticipated diamond quality and quantity. An article in Professional Jeweler, March 1999 issue, indicates the Juina Mining diamond property has, "... potential reserves valued up to $200 million."
Steve Issod, consultant for corporate diamond marketing through Diasource Management Services, previously estimated that 5 percent of the company's production is larger diamonds, with some over 20 carats and some fancy colors; 20-25 percent gem quality; 60 percent near-gem quality; and the remainder "bort" utilized for industrial purposes.
Juina Mining is a diamond resource and exploration company with exclusive rights to a mining and mineral concession on 2,471 acres located in Juina, Mato Grosso, Brazil.
Visit the corporate Web site, which includes weekly progress reports and digital photos, at www.juinamining.com to learn more about the company.
Notice Regarding Forward-Looking Statements in News Release: To the extent that this news release contains forward-looking statements regarding the financial condition, operating results, business prospects or any other aspect of the company, be advised that the company's actual financial condition, operating results and business performance may differ materially from those projected by the company in forward-looking statements. The difference may be caused by a variety of factors, including, but not limited to, adverse economic conditions; intense competition including intensification of price competition and entry of new competitors; adverse federal, state and local government regulation; inadequate capital; adverse weather conditions that could result in a slowdown of the company's mining operations; unexpected costs and operating deficits; increases in general and administrative costs; lower sales and revenues then forecast; disadvantageous currency exchange rates; termination of contracts; loss of supplies; price increases for supplies and components; failure to obtain new customers and distribution channels; litigation and administrative proceedings involving the company; adverse publicity; loss or retirement of key executives and management personnel; interest rate changes; inflationary factors; and other specific risks that may be alluded to in this news release or in any other reports issued by the company.
COPYRIGHT 1999 Business Wire
COPYRIGHT 2000 Gale Group