Phoenix Minerals S.A.C. - Phoenix Minerals SAC, Group of Companies

Peru’s mining-energy industry has attracted around $4.86 billion in domestic and foreign investments this year, according to Peru's National Mining, Petroleum & Energy Society (SNMPE) president Hans Flury.

Picchu Rio Gold Mining Co. SAC receives Exploit go ahead for river mining of their Gold, Precious Metals and Rare Earths river deposits.

• Picchu Rio Gold Mining Corporation S.A.C. ( “ Picchu Rio Gold ” ) is pleased to announce that it has completed it’s Phase IV production studies on their number two ( 2 ) concession, filed it’s mining plan and has received it’s exploitation permit for medium - volume river dredging operations to begin in the Cusco District of Echarate, Peru, South America.
• “ Picchu Rio Gold ” has acquired four (4) of the twelve (12) concessions previously owned by Vista Continental Corporation. Mining prospects for these concessions were initially validated by the March 2002 summary report on placer deposits by Mr. A. David V. Heyl, an International Consulting Geologist in his own words, “The closest geologic comparisons” to the claims containing rare earths, zircon and strategic metals are “the veins and placer deposits of the Mother Lode belts of the California and Eastern Australia gold belts”.
• “ Picchu Rio Gold ” is effecting shipping of equipment to include a 300/yd/hr dredge, process equipment and vehicles, in order to begin medium - production volumes in the 1st quarter of 2011.