News wire article from our research archive:
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Pacific Imperial Mines Inc.: Update on Gold Mining Activities in Yunnan Province, China.
- Article from:
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Canadian Corporate News
- Article date:
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April 28, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Apr 28, 2008 (Marketwire via COMTEX) -- PACIFIC IMPERIAL MINES INC. ("The Company") (TSX VENTURE:PPM) announces that it is reassessing its position with respect to the agreements entered into on October 15, 2007 with Yunnan Nonferrous Metals Geological Bureau (YNGB) (see News Release November 16, 2007) as a result of non-performance by YNGB.
Mining activities on the Tangshang and Salachong properties are ongoing. It appears that these operations are being carried out by YNGB under the Company's wholly owned subsidiary - Guangnan Gold. However, the Company has not been provided with a full accounting of the financial activities and operations ...
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