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"Red Hot Penny Stock" MGGV, ONEV, INSN, IVHN, CYAD.

Publication: M2 Presswire
Publication Date: 31-JUL-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 July 2006-redhotpennystock.com: "Red Hot Penny Stock" MGGV, ONEV, INSN, IVHN, CYAD(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31072006

redhotpennystock.com names Michigan Gold Mining Investments Inc. (Pink Sheets: MGGV), One Voice Technologies, Inc. (OTCBB:ONEV), Insynq, Inc. ( Pink Sheets: INSN) and Innovation Holdings Inc. (Pink Sheets: IVHN) Their "Red Hot Penny Stock."

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Michigan Gold Mining Investments Inc. (Pink Sheets: MGGV - http://finance.yahoo.com/q?s=MGGV.PK)

Michigan Gold Announces 100% Acquisition of Sheba Nickel, Chromium and Copper Property

Michigan Gold Mining Investments Inc. (Pink Sheets: MGGV) is pleased to announce that it has successfully negotiated the acquisition of a one hundred per cent (100%) interest in Northern Ontario, Canada's 'Sheba' nickel, chromium and copper property. Michigan Gold will pay the Vendor one thousand dollars ($1,000) and two hundred thousand (200,000) treasury shares. Further, the Vendor will retain a three percent (3%) Net Smelter Royalty (NSR) on all and any minerals that are sold from the Sheba property in perpetuity. Michigan Gold has the option of purchasing one and one half per cent (11/2%) or fifty percent of the NSR for one and a half million ($1,500,000) Canadian dollars. The Sheba property, claim number 1192193, consists of nine (9) units or claims which comprise approximately three hundred and sixty (360) acres.

The Sheba property has had a Helicopter borne electromagnetic (HEM), magnetic and VLF-EM survey done on its ground by Aerodat Inc. under the supervision of R.W. Woolhan, P. Eng. Mr. Woolhan comments on the survey, "One of the very highest amplitude anomalies is present in the west central part [within claim 1192193] of this survey. Anomaly D [in claim 1192193] is an elongated, slightly arcuate cigar shaped northeast striking feature with a northwest trending western 'tail.' It probably reflects a major mafic to ultramafic intrusive body and is possibly part of the same complex of lower amplitude less defined sinuous anomalies to the northwest which can be traced through to the northwest sheet...there are probably more anomalous patterns than presently indicated. The most obvious anomaly is P7 [within claim 1192193] which flanks the major high amplitude anomaly D. It may be an integral part of anomaly D..."

The Sheba property is ready for drill testing, hence MGGV's head geologist, Mike White, will be visiting the property in the near future to 'spot' the sites of the drill tests.

MGGV will design a drilling schedule that will be affected by the following factors: the availability of drill contractors, if the sites are only accessible through water routes, and whether any of the prospected drill sites are located in swamp, lake or bog, in which case drilling would have to be suspended until the late fall or winter 'freeze-up.'

Michigan Gold CEO, Ben Fuschino adds, "We, at Michigan Gold, are elated to...

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