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Pearl Asian Mining Industries Announces Acquisition of the Wolf
Lake Group Properties on Vancouver Island
VANCOUVER, British Colombia, July 21 /PRNewswire-FirstCall/ -- Pearl Asian
Mining Industries (OTC:PRMN) (BULLETIN BOARD: PRMN) announces the acquisition
a mining prospect on Vancouver Island known as the Wolf Lake Gold-Silver-Copper
Properties.
This is a 100% acquisition of eight mining claims and is subject to 2.5% NSR.
The Wolf Lake Group located in the Nanaimo Mining Division, east of the
past-producing Mount Washington gold-silver-copper mine, which has a current
drill-indicated resource of 550,298 tonnes at a grade of 6.75 g/t gold and
32.23 g/t silver. Mineral deposition associated with these intrusive/extrusive
events produced the gold-silver-copper arsenic lodes and the porphyry
gold-silver-copper systems of the Mount Washington and Constitution Hill areas.
The claim group currently covers about two square kilometers of ground with
room for expansion, and hosts several high-grade gold prospects with values in
excess of 2 ounces per ton of gold with good showings of silver, zinc and some
copper. Initial exploration on the Wolf Lake Property identified three areas of
strong high-grade gold mineralization, the Lake Zone, the Road Zone and the
Bluff Gold Vein. All these three areas may be a part of one large contiguous
mineralized horizon; sufficient work has not been done as yet to prove this.
Founder and Chairman of the Board, E. Pearl Asia quotes "Pearl Asian Mining
Industries Inc. intends to bring these rich natural resource properties into
production as quickly as possible." For more information
http://www.pearlasian.net/
Forward-Looking Statements:
With the exception of historical information, this news release and
accompanying information may include forward-looking statements that involve a
number of risks and uncertainties. Actual results could differ materially from
those anticipated as a result of various risks. There are numerous factors that
could contribute to such differences, therefore such projected events and
anticipated results are not warranties or guaranties that such events will
occur or that the Company will achieve such results.
CONTACT:
F. de los Santos
Investor Relations
USA: +1-310-437-9487
CANADA: +1-604-688-9589
DATASOURCE: Pearl Asian Mining Industries
CONTACT: F. de los Santos, Investor Relations, of Pearl Asian Mining
Industries, USA, +1-310-437-9487, or CANADA, +1-604-688-9589, or
Web site: http://www.pearlasian.net/