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Article Excerpt
M2 PRESSWIRE-31 December 2004-otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com - GAXY, SIRI, DPAC, CDE(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:12312004
Rochester, NY - OTCStockExchange.com`s "Stock Watch Alert" this morning are Galaxy Minerals (OTCBB: GAXY), Sirius Satellite Radio (NasdaqNM: SIRI), DPAC Technologies Corporation (NasdaqSC: DPAC), Coeur d'Alene Mines (NYSE: CDE).
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Galaxy Minerals (OTCBB: GAXY - http://finance.yahoo.com/q?s=GAXY.OB ): Galaxy Minerals announced that the Yellow Jacket Gold Mine located in the Oro Blanco Mining District, Santa Cruz County, Arizona will commence production operations pending the final outcome of a multi-million dollar financing deal with completion expected in 45 days or less.
In addition, Galaxy Minerals stated that even though we have not completed work relating to grades, talks with Senior Geologist Craig Parkinson concluded that from historical data the values were quite high but explained that even at a low 1/4 ounce per ton, that's approximately 285,000 Ounces of Gold just on the Yellow Jacket Mine (not including the minerals on the adjoining Phoenix Mine).
President/CEO Matthew Symonds Remarked that "In my opinion, Galaxy Minerals Inc. is destined to be a world class exploration and mining corporation. The decision to mine the Yellow Jacket Gold Mine is something that was not just thought of overnight. Everyone in our company has given 101% of themselves to get to where we are now and all that hard work and time is paying off."
Spearheading the Yellow Jacket Mine project is Senior Geologist Craig Parkinson of Parkinson Geologic Services (Parkinsongeologic.com), who has over 25 years...
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