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Picchu Rio Gold Mining Co. SAC announces initiation of river mining. |
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Sunday, 17 January 2010 |
Picchu Rio Gold Mining Co. SAC announces initiation of river mining of their billions of dollars of Gold, Precious Metals and Rare Earths river deposits.- Picchu Rio Gold Mining Corporation S.A.C. ( “Picchu Rio Gold ” ) is nearing completion of Phase IV production studies on their number 2 concession, leading to the implementation of low to medium- volume river dredging operations 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
report on placer deposits by Mr. A. David V. Heyl. “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”. - Rare Earth Elements ( “REEs” ) Rare Earth Oxides, Zirconium and Zirconium oxides are considered
essential elements in advanced technology – such as superconductive magnets for high-speed trains, genome research, advanced optics and fuel cell research – and project a value much greater than the strategic metals alone.
Full Press Release in English Full Press Release in German
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Last Updated ( Sunday, 17 January 2010 )
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