Business
Virgin Metals Files Technical Report
Virgin Metals Files Technical Report.
About this update from Minera Alamos Inc.
[{"type":"text","content":"\n\n\n\nShares Outstanding: 58,346,540\n\n\nTORONTO, Jan. 30 /CNW Telbec/ - Virgin Metals Inc. (\"Virgin Metals\")\n(TSX-V: VGM) announces that it has filed on Sedar a Technical Report prepared\nby Chlumsky Armbrust and Meyer of Denver that gives the basis for the recently\nannounced resource calculation at Virgin's 100% owned Los Verdes project in\nSonora, northern Mexico (see press release dated December 18, 2006).\n\n\nThe report confirms the previously announced calculation of combined\nmeasured and indicated resources at Los Verdes of 10,502,000 tonnes at grades\nof 0.124% molybdenum and 0.46% copper, giving a calculated molybdenum content\nof 28,638,000 pounds and a calculated copper content of 105,492,000 pounds.\n\n\nVirgin Metals is a junior exploration and development company; its\nprojects include two copper/molybdenum porphyry properties in Sonora, northern\nMexico. One of these, Los Verdes, is expected to evolve rapidly towards\nproduction while the other, Cuatro Hermanos, is expected to be the focus of\nexpanded exploration effort.\n\n\nFORWARD-LOOKING STATEMENTS\n\n\nThis press release includes certain \"forward-looking information\" within\nthe meaning of the Securities Act (Ontario), including, but not limited to,\nstatements as to timing and extent of exploration programs and the\navailability of exploration results. As such, forward-looking information\naddresses future events and conditions and so involves inherent risks and\nuncertainties, as disclosed under the heading \"Risk Factors\" and elsewhere in\nVirgin Metals documents filed from time to time with the Ontario Securities\nCommission and other regulatory authorities. Actual results could differ\nsignificantly from those currently projected as a result of, among those\nfactors, adverse weather, regulatory changes, delays in receiving permits,\naccidents and delays in completing exploration activities not all of which are\nin the control of Virgin Metals. The forward-looking information contained\nherein is Virgin Metal's reasonable estimate today of future events and\nconditions, but no assurance can be given that such events or conditions will\noccur.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this press release.\n\n\n","length":2351,"tagName":"div"}]