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Article Excerpt M2 PRESSWIRE-11 January 2008-OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Friday, January 11th BOLV, CHCI, ACTC, AMCP(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:11012008
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BOLIVAR MINING CORPORATION (OTC: BOLV)
Detailed Quote: http://www.otcpicks.com/quotes/BOLV.php
Company Profile: http://www.otcpicks.com/bolivar-mining/bolivar-mining.htmCompany Overview
Bolivar Mining Corp, (BOLV or BMC) is a metals mining and exploration company engaged in global mining projects in over seven countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably or have overlooked, thus allowing access to bring rich mineral reserves to the global market.
In a world beginning to starve for natural resources, Bolivar Mining Corporation (BMC) provides those mineral resources by exploring for and developing needed industrial and strategic mineral deposits that the larger companies cannot economically develop, due to their size and costs of operations. BMC currently has the mining rights to a number of industrial and strategic mineral deposits located on three continents and in over seven countries.
Projects
Canada - Several projects are being evaluated for their metals potential and or are in the process of negotiating for the rights to mine gold, silver, and platinum group metals.
Ecuador - BMC is reviewing materials to begin exploration of a significant Carnotite deposit which will yield uranium and vanadium metal.
Peru - This country currently has the largest number of mining projects under evaluation, with a total of eight, ranging in metals from gold, silver and platinum to the uraninite group minerals.
Chile - BMC is in the process of developing an exploration program for several high-grade metal ores prospects.
Afganistan - BMC is exploring the opportunity to acquire several significant, high-grade iron ore deposits.
Pakistan - BMC is currently evaluating two high-grade metal ore deposits located in Pakistan. One is a high potential chromium deposit and the other is a high-grade iron ore deposit.
China - BMC is negotiating a joint-venture with our Chinese partner to develop gold and silver deposits.
BOLV News:
January 10 - Bolivar Mining Corp Operations Update
Bolivar Mining Corp. (OTC: BOLV) recently gave an operational update. "It is key to communicate to our shareholders, especially while in the early development stage of our emerging company," BMC's CEO and President, Arshad Shah commented.
1. About Bolivar Mining Corp.
Though the name and business change happened in November 2007, BMC wanted to dive a little deeper and share more history on this major milestone in our business.
In March 2007, Mr. Shah took over as CEO of Denim Apparel Group, a trading vehicle to become Bolivar Mining Corp to raise operational capital for purchasing mining rights for known deposits. Bolivar Mining Corp does not have any current or past connections and was never a member of the management/ownership team of the predecessor companies.
Bolivar Mining has decades of mining development experience and has recruited two major players in the field, Michael M. Ellis and Dr. Robert B. Cook, Jr. We are planning to add more talent to our geotechnical team shortly and begin a major assessment initiative for our known metal deposit inventory, which we discuss later in this release.
2. An update from our Chief Mining Officer, Michael M. Ellis
Why should anyone invest in Bolivar, through the purchasing of the company's stock? The answer is straightforward and not very complex.
The world is fast running out of resources, due to the fact that many former second and upcoming developing countries with huge populations have now matured economically to the point that they desire a modern Western lifestyle infused in their culture. Mr. Arshad Shah has long realized this dilemma and the opportunity to earn an economic return by efficiently addressing this problem. Through Bolivar Mining Corporation, Mr. Shah has assembled a highly experienced technical team well versed in the business of metal exploration and mining on international scale. To date, only three members of the core five member technical team have been announced publicly. Up until this press release, I have not discussed the metal deposit projects in detail that our technical team is currently evaluating spanning eight countries.
Why? Bolivar Mining Corporation does not work in a vacuum...
Our...
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