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Post by Franko10 ™ on Jan 30, 2005 21:59:13 GMT -5
Juina Mining Corp. Announces Sale of Production
RENO, Nev.--(BUSINESS WIRE)--June 2, 1999--
Juina Mining Corp. (OTC BB:GEMM)(BERLIN:JUI.BER) announced the sale of 1,302 carats recovered from its diamond project located in Juina, Mato Grosso, Brazil.
The average selling price of the mine run was $30 per carat, which exceeds the pre-production estimates of $20 per carat.
More than 57% of the parcel contained diamonds weighing more than 1/2 carat of which 316 stones weighed 308 carats. The largest diamond recovered in this parcel was a 37 carat industrial stone, with the largest gem quality being an 8 carat, slightly off-color diamond, along with a 3 carat light pink. The larger stones will be sold separately.
Project manager Francisco de Assis Silva stated: "The diamonds were recovered from the upper terraces and are derived from the primary source. This leads me to believe that we are in the close proximity of the kimberlite."
Silva has begun to process a 5,000 to 10,000 cubic meter bulk sampling while simultaneously preparing to work on the rich alluvial deposits in the following weeks. Silva expects that the upcoming production will continue to generate revenues in excess of operating costs.
Juina Mining Corp. 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 at www.juinamining.com to learn more about the company and to see progress reports and digital photos.
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 than 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)--June 2, 1999--
Juina Mining Corp. (OTC BB:GEMM)(BERLIN:JUI.BER) announced the sale of 1,302 carats recovered from its diamond project located in Juina, Mato Grosso, Brazil.
The average selling price of the mine run was $30 per carat, which exceeds the pre-production estimates of $20 per carat.
More than 57% of the parcel contained diamonds weighing more than 1/2 carat of which 316 stones weighed 308 carats. The largest diamond recovered in this parcel was a 37 carat industrial stone, with the largest gem quality being an 8 carat, slightly off-color diamond, along with a 3 carat light pink. The larger stones will be sold separately.
Project manager Francisco de Assis Silva stated: "The diamonds were recovered from the upper terraces and are derived from the primary source. This leads me to believe that we are in the close proximity of the kimberlite."
Silva has begun to process a 5,000 to 10,000 cubic meter bulk sampling while simultaneously preparing to work on the rich alluvial deposits in the following weeks. Silva expects that the upcoming production will continue to generate revenues in excess of operating costs.
Juina Mining Corp. 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 at www.juinamining.com to learn more about the company and to see progress reports and digital photos.
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 than 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
