Post by DiamondsInTheRough on Sept 23, 2004 3:49:09 GMT -5
GEMM @ .038
Yellow River Mining, S.A., is 80% owned by Juina Mining Corporation <http://www.juinamining.com>, a Nevada corporation
Juina Mining Corporation (GEMM), a Nevada corporation, has a 49% interest in a joint venture partnership with Emerging Africa Gold, Inc. (EAG) in the Brazilian Company Juina Mining Mineracao, Ltda. JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil "The Property 1000". Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin.
Juina is located approximately 550 km (342 miles) north of the city of Cuiaba by air charter or 724 km (450 miles) by road. With a population of about one million, Cuiaba is a major urban center in southern Mato Grosso, and is serviced with regular flights from Sao Paulo and Brasilia. Rio de Janeiro is about 1800 km (1,119 miles) southeast of Juina. The Property is located within the Aripuana - Juina Kimberlite Province, the largest diamond producing area in Brazil.
Kimberlites are the principal source of primary diamond deposits, and an occurrence of Kimberlite is shown on government geology maps to be in the vicinity of the boundary of Property 1000. Substantial alluvial diamond deposits have been identified by De Beers and others in the Juina region.
Several active diamond recovery facilities are operating in the area, mainly placer and river dredging operations. The operations range in size and scope from small groups engaged in recreational type mining to large mining companies with fullscale operations.
Diamonds in the Juina district fall into two categories; 1) Industrial to near gem quality diamonds ranging from US $20 per carat to US $200 per carat; 2) Larger gems, top white and fancy colored diamonds ranging from US $300 to thousands of dollars per carat.
De Beers initially organized exploration in the Juina area in 1978 through their Brazilian company, Mineracao Itapena S.A. ("Itapena") which held most, if not all, of the Juina District mining rights. By 1982, Itapena identified three main areas of interest, reduced their vast landholdings, and began detailed evaluations of these areas. The Property 1000 was one of the three claims targeted by De Beers.
By 1984, Itapena had partially covered one of their nearby targeted properties with detailed gravel mapping, trenching and bulk sampling. Initial limited sampling by Itapena, indicated a "measured reserve" of approximately one million carats of alluvial diamonds on this property.
Itapena also calculated an additional 3/4 of a million carats of diamonds as "indicated and inferred reserves." Limited sampling in 1996 in their nearby property not intensely explored or sampled by Itapena indicated virgin gravel and a much higher grade of terrace gravel not included in their original "inferred reserves" calculations. These areas of virgin gravel will increase substantially the inferred reserves. The recovery techniques used by Itapena produced inefficiencies of between 30-40% over techniques to be used by Juina Mining.
Numerous large and valuable diamonds have been recovered from either the Property 912 or from the immediate vicinity during the last 10 years and include: diamonds as large as 452 carats, recovered in 1994; 312 and 280 carats, recovered in 1996 and 1987 respectively: and another stone of 252 carats recovered in 1992.
Since 1997 Juina Mining Corporation has been involved in an on-going exploration of the "Property 1000". An auger drilling program conducted in 1998 through 1999 outlined a potential gravel resource of 1,000,000 cubic meters which representing only 20% of the "Property 1000". Simultaneously a geomagnetic survey was conducted identifying four anomalies with kimberlite like type profiles. In 1999 Juina Mining Corporation constructed a gravitational processing pilot plant incorporating the use of magnetic separators and laser sortex recovery equipment. 3,000 carats of diamonds were recovered during the initial testing stages of the pilot plant. In 2000 management made the decision to enter into a joint venture partnership to further develop the "Property 1000." In October of 2000, Juina Mining executed a Joint Venture Agreement with Emerging African Gold.
LAS VEGAS--(BUSINESS WIRE)--July 20, 2004--Juina Mining Corporation (Pink Sheets:GEMM <http://finance.yahoo.com/q?s=gemm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=gemm.pk>) announced today that the Company has received in its office in Las Vegas, its first processed gold from the Yellow River Gold Mine. Juina will continue to process at Yellow River and update and expand its current facilities.
Juina Mining Corporation, a Nevada corporation, has a 49% interest in a joint venture partnership with DIAGEM International Resource Corp. (DGM) in the Brazilian company Juina Mining Mineracao, Ltd. (JMML) JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil -- the "Property 1000." Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin
CMKM Diamonds Inc. Purchases 25% of Juina Mining
Thursday July 29, 2:26 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 29, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) announced today that it has purchased common stock equating to 25% of the outstanding shares of Juina Mining Corp. (Pink Sheets: GEMM <http://finance.yahoo.com/q?s=gemm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=gemm.pk>) for $500,000.
In addition, GEMM has issued an option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
What am I getting @ well if Juina Mining ( GEMM ) is all that and CMKX has 25% of GEMM with addition to 24% for 500,000 would = cmkx @ 49% of Juina what would that make the pps ( price per share) of cmkx ?
also not counting all the other deals and mineral rights that cmkx has just using GEMM only..
Where willl CMKX get the $500,000. well from SGGM or UCAD
CMKM Diamonds Inc. Receives First $3,000,000 from UCAD Option
Tuesday July 27, 3:35 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 27, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) announced today that it has received this day $3,000,000 from U.S. Canadian Minerals Inc. as the first exercise of a purchase option agreed to last week between the parties. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds Inc
CMKM Diamonds Inc. Announces 2nd Payment of $2,500,000 from St. George Metals, Inc.
Monday September 13, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--Sept. 13, 2004--CMKM Diamonds Inc. (Pink Sheets:CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) is pleased to announce that the Company has received a 2nd payment of $2,500,000 U.S. Dollars from St. George Metals, Inc. (Pink Sheets:SGGM <http://finance.yahoo.com/q?s=sggm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=sggm.pk>) of the $10,000,000 U.S.D. from the joint venture agreement where St. George Metals, Inc. will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM. The Company is anticipated to receive the remaining two additional payments of $2,500,000 within the next 30 days
This is alot from a company that only trades @ .0003 come on LOL don't look at the pps right now just grab some shares and hang on....
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Yellow River Mining, S.A., is 80% owned by Juina Mining Corporation <http://www.juinamining.com>, a Nevada corporation
Juina Mining Corporation (GEMM), a Nevada corporation, has a 49% interest in a joint venture partnership with Emerging Africa Gold, Inc. (EAG) in the Brazilian Company Juina Mining Mineracao, Ltda. JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil "The Property 1000". Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin.
Juina is located approximately 550 km (342 miles) north of the city of Cuiaba by air charter or 724 km (450 miles) by road. With a population of about one million, Cuiaba is a major urban center in southern Mato Grosso, and is serviced with regular flights from Sao Paulo and Brasilia. Rio de Janeiro is about 1800 km (1,119 miles) southeast of Juina. The Property is located within the Aripuana - Juina Kimberlite Province, the largest diamond producing area in Brazil.
Kimberlites are the principal source of primary diamond deposits, and an occurrence of Kimberlite is shown on government geology maps to be in the vicinity of the boundary of Property 1000. Substantial alluvial diamond deposits have been identified by De Beers and others in the Juina region.
Several active diamond recovery facilities are operating in the area, mainly placer and river dredging operations. The operations range in size and scope from small groups engaged in recreational type mining to large mining companies with fullscale operations.
Diamonds in the Juina district fall into two categories; 1) Industrial to near gem quality diamonds ranging from US $20 per carat to US $200 per carat; 2) Larger gems, top white and fancy colored diamonds ranging from US $300 to thousands of dollars per carat.
De Beers initially organized exploration in the Juina area in 1978 through their Brazilian company, Mineracao Itapena S.A. ("Itapena") which held most, if not all, of the Juina District mining rights. By 1982, Itapena identified three main areas of interest, reduced their vast landholdings, and began detailed evaluations of these areas. The Property 1000 was one of the three claims targeted by De Beers.
By 1984, Itapena had partially covered one of their nearby targeted properties with detailed gravel mapping, trenching and bulk sampling. Initial limited sampling by Itapena, indicated a "measured reserve" of approximately one million carats of alluvial diamonds on this property.
Itapena also calculated an additional 3/4 of a million carats of diamonds as "indicated and inferred reserves." Limited sampling in 1996 in their nearby property not intensely explored or sampled by Itapena indicated virgin gravel and a much higher grade of terrace gravel not included in their original "inferred reserves" calculations. These areas of virgin gravel will increase substantially the inferred reserves. The recovery techniques used by Itapena produced inefficiencies of between 30-40% over techniques to be used by Juina Mining.
Numerous large and valuable diamonds have been recovered from either the Property 912 or from the immediate vicinity during the last 10 years and include: diamonds as large as 452 carats, recovered in 1994; 312 and 280 carats, recovered in 1996 and 1987 respectively: and another stone of 252 carats recovered in 1992.
Since 1997 Juina Mining Corporation has been involved in an on-going exploration of the "Property 1000". An auger drilling program conducted in 1998 through 1999 outlined a potential gravel resource of 1,000,000 cubic meters which representing only 20% of the "Property 1000". Simultaneously a geomagnetic survey was conducted identifying four anomalies with kimberlite like type profiles. In 1999 Juina Mining Corporation constructed a gravitational processing pilot plant incorporating the use of magnetic separators and laser sortex recovery equipment. 3,000 carats of diamonds were recovered during the initial testing stages of the pilot plant. In 2000 management made the decision to enter into a joint venture partnership to further develop the "Property 1000." In October of 2000, Juina Mining executed a Joint Venture Agreement with Emerging African Gold.
LAS VEGAS--(BUSINESS WIRE)--July 20, 2004--Juina Mining Corporation (Pink Sheets:GEMM <http://finance.yahoo.com/q?s=gemm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=gemm.pk>) announced today that the Company has received in its office in Las Vegas, its first processed gold from the Yellow River Gold Mine. Juina will continue to process at Yellow River and update and expand its current facilities.
Juina Mining Corporation, a Nevada corporation, has a 49% interest in a joint venture partnership with DIAGEM International Resource Corp. (DGM) in the Brazilian company Juina Mining Mineracao, Ltd. (JMML) JMML holds an 86% working interest in the mining and mineral rights to approximately 1000 hectares (2,471 acres) of diamond bearing land in the District of Juina, Mato Grosso, Brazil -- the "Property 1000." Property 1000 is located in the District of Juina, at the southern region of the Amazon Basin
CMKM Diamonds Inc. Purchases 25% of Juina Mining
Thursday July 29, 2:26 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 29, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) announced today that it has purchased common stock equating to 25% of the outstanding shares of Juina Mining Corp. (Pink Sheets: GEMM <http://finance.yahoo.com/q?s=gemm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=gemm.pk>) for $500,000.
In addition, GEMM has issued an option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
What am I getting @ well if Juina Mining ( GEMM ) is all that and CMKX has 25% of GEMM with addition to 24% for 500,000 would = cmkx @ 49% of Juina what would that make the pps ( price per share) of cmkx ?
also not counting all the other deals and mineral rights that cmkx has just using GEMM only..
Where willl CMKX get the $500,000. well from SGGM or UCAD
CMKM Diamonds Inc. Receives First $3,000,000 from UCAD Option
Tuesday July 27, 3:35 pm ET
LAS VEGAS--(BUSINESS WIRE)--July 27, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) announced today that it has received this day $3,000,000 from U.S. Canadian Minerals Inc. as the first exercise of a purchase option agreed to last week between the parties. Under the agreement reached last week, UCAD has a one-year option agreement to purchase an additional 10% interest of all mineral claims held by CMKM Diamonds Inc. for a total of $15 million U.S. dollars payable to CMKM Diamonds Inc
CMKM Diamonds Inc. Announces 2nd Payment of $2,500,000 from St. George Metals, Inc.
Monday September 13, 9:30 am ET
LAS VEGAS--(BUSINESS WIRE)--Sept. 13, 2004--CMKM Diamonds Inc. (Pink Sheets:CMKX <http://finance.yahoo.com/q?s=cmkx.pk&d=t> - News <http://finance.yahoo.com/q/h?s=cmkx.pk>) is pleased to announce that the Company has received a 2nd payment of $2,500,000 U.S. Dollars from St. George Metals, Inc. (Pink Sheets:SGGM <http://finance.yahoo.com/q?s=sggm.pk&d=t> - News <http://finance.yahoo.com/q/h?s=sggm.pk>) of the $10,000,000 U.S.D. from the joint venture agreement where St. George Metals, Inc. will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. in consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM. The Company is anticipated to receive the remaining two additional payments of $2,500,000 within the next 30 days
This is alot from a company that only trades @ .0003 come on LOL don't look at the pps right now just grab some shares and hang on....
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.