Equitable Mining Establishes International Acquisition Team
Posted on: Monday, 12 December 2005, 09:00 CST
TORONTO, Dec. 12 /PRNewswire-FirstCall/ -- Equitable Mining Corp. is expanding its search for quality gold properties by establishing an international acquisition team based in Australia and headed by mining professional Wayne Reid.
"We are going to build on the quality properties we already own," said Mr. Reid, a director of Equitable Mining Corp. "There are considerable gold mining opportunities - particularly in Asia, Australasia and the island nations in between."
Mr. Reid has extensive mining and general business experience in Australasia and around the world. A holder of the Order of the British Empire and a director on numerous international companies, Mr. Reid will be putting his extensive contacts and knowledge to work in identifying and acquiring quality gold bearing properties.
"Our goal is to build shareholder value and develop a long term supply of gold," said Mr. Reid. The demand for gold continues to grow as reported in numerous publications such as resourceinvestor.com.
Equitable Mining Corp. has already acquired significant gold properties in Canada's Red Lake district where companies such as Gold Corp and Barrick have been purchasing stakes in properties adjacent to Equitable's property.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
Equitable Mining Corp.
CONTACT: Equitable Mining Corp., Jim Adams, (416) 410-3995,info@equitablelifeinvestments.com
Source: PRNewswire-FirstCall
Related Articles
- New Gold Reports Consolidated Reserve & Resource Statements
- Brownstone Completes Earn in of "LS Grande" Gold/Silver/Copper Property, Comments on Approval of "Phase One" Plan
- Abacus Mining and Exploration Corp.: Mr. Thomas A. McKeever Appointed Chairman of the Board
- New Gold Inc. And Abacus Mining and Exploration Corp. Sign Letters of Intent to Ensure Co-Operation in the Development of Afton-Ajax Cu-Au District
- Abacus Mining &Amp; Exploration Corp.: Progress Report on Drilling at Ajax West and East; Drilling Underway at DM-Audra-Crescent
- G &Amp; S Minerals, Inc. Negotiates Full Return of La Millonaria Groupings to Tara Gold Resources Corp.
- Abacus Mining and Exploration Corp.: 102 Metres of 0.50% Copper and 0.34 G/T Gold, Ajax East Property Expands to 400 Metres of Strike Length, DM-Audra Zone Highlighted By Additional Drilling
- Pearl Asian Mining Signed an Agreement With a Cooperative to Develop, Explore, and Mine Gold
- Tonogold Resources, Inc. Announces the Tonogold Mines Gold Project in Nye County, Nevada
- Columbia Metals Corporation Limited-Tara Gold Resources Corp.
 |
 |
User Comments (0)
RSS Feeds