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Red Lake Exploration announced a summarization of its results of the contract mining regarding its Santa Rosa copper-gold property in Chile. The Santa Rosa property consists of two mining and exploration concessions, totaling 110 hectares. It is located within the highly prospective Candelaria iron-oxide-copper-gold (IOCG) belt. The strong potential of this property has been confirmed by the identification of multiple mineralized structures with significant alteration indicators of IOCG systems.
Red Lake acquired the option on the Santa Rosa property in February of this year. As terms of the agreement, the vendor pays the Company a royalty of 5% of the net proceeds received from the sale of the ore mined. From October to February, the vendor sold 3,004 tonnes of material to a Chilean national mining company at an average grade of 1.3% copper. High-grade ore sold to the company included 1.57 tonnes grading 19.78% copper and 13.90 grams per tonne of gold. The vender can continue mining the property at the discretion of Red Lake.
The company’s president, John Di Cicco, stated, “These encouraging results confirm our belief in the potential of the Santa Rosa project. The planned drill program has been designed to follow up on the success of the contract mining as well as testing other prospective targets.”
Red Lake Exploration, Inc. (RLKX.OB) Reports Mining Results from its Santa Rosa Property Located in Chile
Red Lake Exploration announced a summarization of its results of the contract mining regarding its Santa Rosa copper-gold property in Chile. The Santa Rosa property consists of two mining and exploration concessions, totaling 110 hectares. It is located within the highly prospective Candelaria iron-oxide-copper-gold (IOCG) belt. The strong potential of this property has been confirmed by the identification of multiple mineralized structures with significant alteration indicators of IOCG systems.
Red Lake acquired the option on the Santa Rosa property in February of this year. As terms of the agreement, the vendor pays the Company a royalty of 5% of the net proceeds received from the sale of the ore mined. From October to February, the vendor sold 3,004 tonnes of material to a Chilean national mining company at an average grade of 1.3% copper. High-grade ore sold to the company included 1.57 tonnes grading 19.78% copper and 13.90 grams per tonne of gold. The vender can continue mining the property at the discretion of Red Lake.
The company’s president, John Di Cicco, stated, “These encouraging results confirm our belief in the potential of the Santa Rosa project. The planned drill program has been designed to follow up on the success of the contract mining as well as testing other prospective targets.”
An Executive Management Overview of Fund.com, Inc. (FNDM.OB)
The members of Fund.com, Inc.’s (FNDM.OB) management team are recognized Internet entrepreneurs who have been featured in leading industry publications and have top-tier executive management experience at global financial institutions, such as HSBC, Bank of New York, and Morgan Stanley.
Ray Lang, CEO and Director, was most recently the COO and Chief of Compliance of Exchange Traded Funds (ETFs) and structured products provider at Clear Asset Management in Manhattan. Mr. Lang also worked for Credit Suisse First Boston for 10 years and served as the Managing Director at BNY Capital Markets for five years.
Greg Webster, President, has served over 20 years in the wealth management and securities business. As the President and CEO of the North American retail brokerage and wealth management divisions of HSBC PLC, Mr. Webster was responsible for more than $32 billion in assets for one of the largest banks institutions. Mr. Webster also served as the President of Park Avenue Securities, LLC, a wholly owned subsidiary Guardian Life Insurance of America.
Phil Gentile, COO, has over 25 years experience in the financial services and securities industry. Mr. Gentile was most recently a member of the Global Wealth Management Group managing technology vendors for Morgan Stanley. Prior to this position, Mr. Gentile was Vice President Business Operations and Development at Standard & Poor’s, Inc., a subsidiary of McGraw-Hill.
Red Lake Exploration Inc. (RLKX.OB) to Present at EQUTIES Third Annual Mining Conference EQUITIES Magazine today announced its Third Annual Mining/Resource Conference will be held at the Princeton Club of New York Thursday, April 24, 2008. Emerging mining companies such as Red Lake Exploration Inc. (OTCBB: RLKX) will present their knowledge of the mining sector and their own business highlights to brokers, hedge fund managers, portfolio managers and private investors. EQUITIES Magazine serves retail and institutional investors by exploring industry trends, analyzing opportunities, and outlining financial leaders and emerging public companies. The company has extended its reach to attract investors around the world through EQUITIES Europe, EQUITIES Digital Edition and the EQUITIES Web site, which provides real-time market quotes and customizable portfolio management. Companies in attendance include Red Lake Exploration, General Metals Corp (OTCBB: GNMT), Duran Ventures Ltd. (Pink Sheets: DUVNF), Nilam Resources Inc. (OTCBB: NILR), Trans-Orient Petroleum Ltd. (OTCBB: TOPLF) and more. Headquartered in Richmond, Canada, Red Lake Exploration is engaged in acquiring, exploring and developing natural resource properties. The company recently released results of its mining contract of the Santa Rosa copper-gold property in Chile. Red Lake Exploration acquired the option on the Santa Rosa property. In exchange for the right to mine the property, the vendor pays Red Lake a 5 percent royalty of net proceeds. Red Lake will discuss this, and other business endeavors as well as its position in the mining sector at EQUITIES annual conference. Please see disclaimer on QualityStocks.net website: http://Disclaimer.QualityStocks.net
$0.34 (04/14/08)
