www.streetinvesting.com: Progressive Market Review on EXMIN Resources Inc

• Published in: M2 Presswire p. 1
• Format: Newsletter
• Language: English
• Published: Coventry Normans Media Ltd 12.07.2007
• Subjects: Drilling; Earnings; Gold; Investments; Joint ventures; Mining; Precious metals; Silver; Silver mines

Amongst the press releases made on Wednesday July 11th 2007, the one for EXMIN Resources Inc. caught the attention of our research team. EXMIN Resources Inc. provided an update of recent exploration activities at its Moris exploration project in the Sierra Madre precious metal belt in western Chihuahua, Mexico. EXMIN has two joint ventures at Moris, both with Minera Hochschild Mexico SA de CV (Hochschild). The first agreement is an earn-in joint venture covering the Moris exploration properties. Please see News Releases of March 22, 2006, and July 18, 2006, for more information on the EXMIN-Hochschild Moris Exploration joint venture. This earn-in joint venture agreement is separate from the EXMIN-Hochschild Moris Mine acquisition and production joint venture described in News Releases dated July 19, 2006, and Jan 18, 2007. The EXMIN/Hochschild exploration joint venture has undertaken an aggressive program in the Moris district. Several additional concessions have been acquired by EXMIN and Hochschild has continued the evaluation of several large scale exploration targets in the district that was begun by EXMIN, in 2004. Surface sampling and geologic mapping have been advanced in several areas, including the near term targets at Tecolote, Ampliacion Finlandia, and Balleza, and a first-pass diamond drill program is underway at the Tecolote target. Results from the first three holes have confirmed the presence of precious metal values within the Tecolote structural zone. Several discrete veins have been cut, and a wide zone of breccia with anomalous gold values has also been intersected. Hole HMT-1 intersected 40.75 metres with 0.6 grams per metric ton (g/t) gold; this interval contained a discrete quartz vein with 5.35 g/t gold over 45 cm. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.