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Latest News in Peru / Archive for Press Releases

Press Releases | 27 June, 2007 [ 16:30 ]

Peru: U.S. Auto Industry Supports the U.S.–Peru Free Trade Promotion Agreement



(Official Press Release -link-)

The Automotive Trade Policy Council and its member companies – DaimlerChrysler, Ford Motor, and General Motors – support the U.S.-Peru Trade Promotion Agreement announced today by U.S. Trade Representative Susan Schwab.

ATPC President Stephen Collins said: “We believe the agreement will both contribute to improved economic growth in the region and will increase the attractiveness of U.S.-built cars and trucks.

“We appreciate the hard work of Chairman Rangel, Ranking Member McCrery, Chairman Baucus, and Senator Grassley, and look forward to continuing to work with them on the upcoming Colombia and Panama free trade agreements,” Collins added.

The Automotive Trade Policy Council, Inc. (ATPC) is a Washington D.C.- based trade association that represents the common international economic, trade and investment interests of its member companies: DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation.

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Peru's PNP to protest FTA today (by LIP,Jun 26, 2007)
US and Peru begin FTA amendment process (by LIP, Jun 11, 2007)
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Press Releases | 27 June, 2007 [ 15:30 ]

Peru: Celebrating Canada, Festival del Maple



For the first time in Lima, Festival del Maple, will celebrate Canada’s 140th Anniversary

Lima, June 26th, 2007. – This July 1st, Canada will celebrate its 140th birthday and the Canadian Embassy in Lima will commemorate this important date with “Festival del Maple”: various events and activities for the whole family to enjoy from July 2 -7th.

The festival will officially begin on Monday 2nd with a flag raising ceremony at 10:00 am in 7 de Junio Park (in front of the City Hall) in Miraflores. On July 5th, Canadian mezzo-soprano Marie-Louise Bourbeau, will perform at the Ricardo Palma Cultural Centre in Miraflores. The concert, free of charge, will begin at 8:00 pm.

Starting on July 6th, Larcomar will open its doors to the festival. A maple tree will hover over a photo exhibit by Canadian artists that everyone will be able to view. Visitors will enjoy the sweet pleasure of savouring real Canadian maple syrup with waffles in Sofa Café and to listen to Bryan Adams, Avril Lavigne, Nelly Furtado, Alanis Morrissette and Celine Dion during "Maple Night" in Aura dance club.

To close the festival with a bang, The American & Canadian Association of Peru has organized a special lunch on Saturday 7th in La Dama Juana Restaurant in Larcomar. At night, the Color y Diversión Fiesta will be held in Mamá Batata.

Happy 140th Birthday Canada!

Monday, July 2nd, 2007
Event: Flag raising ceremony
Canadian Ambassador, Geneviève des Rivières, and the mayor of Miraflores, Dr. Manuel Masías Event will be present.
Time: 10:00 am
Place: 7 de Junio Park (in front of the Municipal Palace) in Miraflores

Thursday, July 5th, 2007
Event: Marie-Louise Bourbeau concert
Time: 8:00 pm
Place: Ricardo Palm Cultural Centre of Miraflores, Av. Larco 770

Friday, July 6th, 2007
Event: Photo Exhibit by Canadian artists
Time: 8:00 pm
Place: Larcomar

Friday, July 6th, 2007
Event: Maple syrup and waffles taste test
Time: 8:00 pm
Place: Larcomar

Friday, July 6th, 2007
Event: Canadian rock and pop
Time: Starting at 8:00 pm
Place: Aura Night Club, Larcomar


Saturday, July 7th, 2007
Event: ACAP Lunch
Time: 1:00 pm
Place: Larcomar

Saturday, July 7th, 2007
Event: Color y Diversión Fiesta
Time: 11:00 pm
Place: Larcomar

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Press Releases | 26 June, 2007 [ 15:15 ]

Opposition Grows As Legal Text of Divisive Trade Deal Is Finally Made Public





(Press Release -link-)

Deal Between White House and Some Democratic Leaders Would Facilitate Passage of More Bush NAFTA-Style Trade Pacts by Majority of GOP and Minority of Democratic Majority

The legal text of changes to several Bush-negotiated NAFTA expansion agreements released today confirms that the essential changes listed by labor unions, environmental, consumer, faith and family farm groups as necessary to avoid their opposition to the free trade agreements were not made, said Public Citizen today.

“Today’s text release confirms that Congress is about to face a vote on yet another Bush NAFTA expansion agreement, because now we can see that unfortunately none of the core NAFTA-CAFTA provisions linked to offshoring and downward pressure on wages so strongly opposed by most congressional Democrats and the American public have been removed even as improved labor and environmental standards have been added on,” said Lori Wallach, director of Public Citizen’s Global Trade Watch division. “It’s like adding a new roof on a condemned building.”

A framework of changes to various Bush trade agreements announced in late March by some Democratic leaders had failed to address the majority of essential changes to the NAFTA-CAFTA model that Democratic base groups had listed this winter as necessary to avoid their opposition to the Bush-negotiated agreements. Some unions, environmental and other groups had awaited the legal text translating the Democrats’ “ask” and a tentative agreement to it by the administration announced May 10, hoping that the legal text would include more essential changes than had been listed in the limited summaries of the negotiations available.

Not one labor union or environmental, consumer, public health, anti-poverty, small business, faith or family farm group supports the deal. The announcement of the deal underlying today’s text came only 100 days after Democrats reclaimed the majority thanks to election of 37 House and Senate candidates who ran against the Bush trade agenda and replaced NAFTA-supporting incumbents.

“The Democratic majority arrived with a fair trade mandate from a public strongly opposed to staying the course on the failed Bush trade agenda,” said Wallach. “It is incomprehensible why any Democrats would ever prioritize reviving Bush trade deals opposed by their entire base and the majority of congressional Democrats over launching their own proactive trade agenda. They should aim instead at addressing the flood of unsafe imported foods and products, the many incentives to off-shore U.S. jobs, the endless ‘trade’ pact attacks on our environmental and safety laws and the nearly $800 billion trade deficit that is slowing U.S. economic growth and threatening global economic stability.”

The legal text fails to address most of the issues raised early this year by unions and other civil society groups as essential fixes. The text:

* Fails to alter the outrageous NAFTA “Chapter 11” foreign investor privileges that create incentives for U.S. firms to move offshore and expose our most basic environmental, health, zoning and other laws – policies strongly advocated for by Democrats – to attack in foreign tribunals.
* Does absolutely nothing to address bans on “Buy America” and anti-offshoring policies that safeguard American jobs and that Democrats have continually fought to expand and preserve.
* Does nothing to fix the Peru FTA terms that would allow Citibank or other U.S. investors providing “private retirement accounts” to sue Peru if the country reverses its failed social security privatization. This deal helps lock Peru into the same privatized social security system that Democrats have been fighting against in the United States.
* Rolls back the most extreme CAFTA-style drug patent rules to NAFTA-era language. However, the NAFTA language itself undermines rights available under World Trade Organization patent rules. Thus, while the amended text is better than CAFTA, it limits developing country trade partners’ rights relative to their status without the new limits that would be imposed by the FTAs, increasing the cost of medicine for our trading partners – costs that Democrats are trying hard to contain for our own healthcare system.
* Fails to change the food import standards as needed so that only food meeting U.S. standards would be allowed.
* Does nothing to address the NAFTA-style farm rules that resulted in 1.3 million Mexican peasant farmers losing their livelihoods. This is predicted to create dislocation and misery for large numbers of people, increase production of cocaine and cause instability in developing country trade partners.
For more information about these agreements, visit www.tradewatch.org

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Peru's PNP to protest FTA today (by LIP, Jun 26, 2007)
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Press Releases | 25 June, 2007 [ 18:00 ]

Norsemont Mining Appoints New Directors



(Official Press Release -link-)

Norsemont Mining Inc. ("the Company") (TSX:NOM) today announced the appointment of Mr. George Bell, Mr. Robert Parsons and Mr. Malcolm Siverns to the Company's board of directors. It was also announced that Mr. Marc Levy, Mr. Tony Ricci, Mr. Art Freeze and Mr. Joseph Keane have resigned from the board. Norsemont CEO Patrick Evans extended his sincere thanks and appreciation to the departing directors for their contribution to Norsemont over the years. He also announced that Messrs. Mark Jackson, Brian Kerzner and Robert Baxter have agreed to continue serving as directors of the Company.

Mr. George Bell is President and CEO of UNOR Inc. Mr. Bell has more than 36 years of experience in the international natural resource industry. From 1967 to 1996, he held several senior executive positions with the Noranda Group of companies. Mr. Bell holds a B.Sc. in Business Administration from the University of North Dakota (1967) and has held directorships and executive positions in the Americas, Asia and Europe. Currently, he is also a director of Fronteer Development Group Inc.

Mr. Robert Parsons is a Chartered Accountant and retired Partner from PricewaterhouseCoopers after a career spanning 34 years. He currently serves on the Board, and as Vice President, of the World Mines Ministries Forum, and on the International Affairs Committee of the Prospectors and Developers Association of Canada. He has served on the Board of the PDAC (1985 to 2003), Executive Council of the Canadian Minerals Industry Federation, the Advisory Council of the Centre for Resource Studies at Queens University, the Professional Advisory Board of the Government of Canada's Petroleum Monitoring Agency, and as a member of the Board of Directors of both the Indonesian Mining Association and the Canada - Indonesia Chamber of Commerce. He has also served on the boards of a number of listed Canadian companies. Mr Parsons is active in developing countries as an independent financial and fiscal consultant to the World Bank's mining group.

Mr. Malcolm Siverns has more than 34 years of experience in the international mining industry. He was a member of the Noranda Group of companies from 1972 to 2003 where he held a number of senior positions, including managing director of Noranda's offices in the United Kingdom and Switzerland and Vice President for International Relations in Peru. Mr. Siverns served on the boards of Compania Minera Antamina, the SNMPE (Peruvian National Mining, Energy & Petroleum Society) and the Canada-Peru Chamber of Commerce. From 2003 until 2006 Mr. Siverns served as the senior advisor for international relations for Falconbridge Ltd.

About Norsemont Mining

Norsemont Mining is a Canadian exploration company working in the America's, with a focus on Peru. The Company is currently exploring the Constancia Cu-Au-Mo deposit in Peru, which was optioned from Rio Tinto Plc.

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Press Releases | 25 June, 2007 [ 17:00 ]

Sulliden continues legal maneuvering tactics over Shahuindo




(Official Press Release -link-)

- Century Mining reasserts legal position and plans to build mine at Shahuindo -

Century Mining Corporation (CMM: TSX-V) today reported that Sulliden Exploration Inc. has taken steps attempting to extend to Canada the litigation over the Shahuindo property currently in the courts in Peru. In Century's opinion, this is a tactic designed to distract stakeholders from the key issues in the litigation.

Further confounding resolution of the disputes, in Century's opinion, are the repeated measures that Sulliden has taken which have also delayed the hearings on the key issues, such as objecting to the composition of the various panels of judges seized with proceedings in Peru. Sulliden's recent objection to the participation of Espinoza Cardova in the panel of the Primera Sala Civil Comercial of Lima that was to convene on June 15th to adjudicate on the matter of an annulment of the arbitral award has resulted in an indefinite postponement of that proceeding. This was the second time that this proceeding was delayed due to a procedural objection by Sulliden; and Espinoza Cardova was also the fifth judge that Sulliden has recused from the Commercial Court proceedings since the beginning of this year.

Creating more distraction, on June 5, 2007 Century Mining received notice that Sulliden Shahuindo S.A.C. implicated Alex Vidaurre, President of Century Mining Peru in the criminal proceedings it had initiated alleging, fraud, among other things, in respect of the transfer and sale of the Algamarca shares. Century has since learned that the same charges were filed in Peru against Margaret Kent, President and CEO of Century Mining Corporation.

In respect of Sulliden's attempts to extend litigation to Canada, Sulliden filed a claim in the Ontario Superior Court of Justice on June 20, 2007 against Century Mining Corporation, Century Mining Finance Corporation, Compania Minera Algamarca S.A., Compania de Exploraciones Algamarca S.A., Alta Tecnologia e Inversion Minera Metalurgico S.A., Wega Mining A.S.A., Margaret Kent, Orlando Sanchez Paredes and Orlando Sanchez Miranda alleging damages in the amount of US$200 million for breach of contract, libel and conspiracy, together with punitive damages in the amount of US$10 million and an injunction.

In the alternative, in the event that it is determined that Sulliden is not the owner of the Shahuindo property, the plaintiffs claim US$200 million in restitution based on their alleged enhancement of the value of the Shahuindo project since July 2002.

The claim relates to the validity and enforceability of an agreement in Peru between Peruvian parties to purchase the Shahuindo property in Peru and work performed in Peru, all of which is and has been the subject matter of Peruvian legal proceedings involving various other parties. These proceedings attempt to extend the original dispute to other persons in other jurisdictions and to Ontario. Century Mining Corporation, Century Mining Finance and Margaret Kent intend to oppose this attempted extension to Ontario and to them and to defend vigorously any and all claims against them as and where appropriate.

Margaret Kent, President and CEO commented, "We believe that this is yet another in a series of attempts by Sulliden to add to the complexity and expense of the existing litigation. The additional claims made by Sulliden will exacerbate the backlog of pending cases in Peru, rather than result in a mine being built at Shahuindo. We maintain our position that Sulliden's case is without merit, and Century will continue to pursue a just and expeditious resolution of the dispute. Century seeks to make development possible at Shahuindo and we believe that it would be more productive and in the greater interest of all the stakeholders in Shahuindo to focus on structuring a deal or finalizing the adjudication process rather than delaying or increasing the litigation."

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

- related articles -
separator
Sulliden files two lawsuits in Canada over Shahuindo Property (by LIP, Jun 21, 2007
Sulliden responds to Century Mining (by LIP, Jun 19, 2007)
Algamarca mine refutes favorable litigation claims (by LIP, Jun 1, 2007)
Century acquires Shahuindo project in Peru (by LIP, May 17, 2007)
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Press Releases | 22 June, 2007 [ 21:00 ]

MOLLY SIMS, JUSTIN CHATWIN, AND BENJ GERSHMAN JOIN OPERATION SMILE AS 25TH ANNIVERSARY SMILE AMBASSADORS



(Official Press Release -link-)

Actress and model Molly Sims, musician Benj Gershman and Canadian- born actor Justin Chatwin joined an Operation Smile medical team on an international medical mission to Lima, Peru, to assist children born with facial deformities. The mission, which took place May 24-June 1, included a team of more than 40 medical and non-medical volunteers. As new celebrity Smile Ambassadors, Sims, Gershman and Chatwin join a growing roster of artists and celebrities helping to raise awareness of the work Operation Smile does to treat children around the world suffering with cleft lips, cleft palates and other facial deformities.

Sims, Gershman and Chatwin join Jessica Simpson, Operation Smile’s International Youth Ambassador, and the current list of 25th Anniversary Smile Ambassadors including: Roma Downey, Mark Burnett, Billy Bush, Vanessa and Donald Trump Jr., Melanie Dunea, and Nigel Parry. As Smile Ambassadors, each celebrity will have the opportunity to visit one of Operation Smile’s partner countries during the year, where they will help bring global attention to the needs of children born with facial deformities.

While in Peru, the three new Ambassadors participated in all team activities, played with waiting children, took patient photos and assisted with medical records. The team even celebrated Molly Sims’ birthday which took place during the mission.

Actress and model Molly Sims, best known for her role on the popular TV show Las Vegas, co-hosted Operation Smile’s The Smile Collection fund-raising gala in New York alongside Access Hollywood co-anchor and Operation Smile Board of Governors member Billy Bush in 2006. She spoke about her recent trip to Peru on behalf of Operation Smile. “These kinds of experiences in life are not easily come by. We thank Operation Smile for enriching our lives and showing us a new frontier. Operation Smile volunteers are wonderful, beautiful people that change children’s lives,” noted Sims. “This experience with Operation Smile in Peru touched our hearts and made us realize how truly lucky we are, and how lucky these people are to have Operation Smile in their lives,” she added.

Canadian-born actor Justin Chatwin, best-known for his roles in the Steven Spielberg film War of the Worlds and the 2007 film The Invisible, joined the mission as well. He commented: “Operation Smile brings so much more than new smiles to children. For me it was the most thrilling, organized, and life enriching charity experience I've had.”

Musician Benj Gershman, the bassist for the popular American rock band O.A.R., also traveled to Peru and noted of his experience, “It is amazing what people will do for others when motivated by the right reasons. I’m grateful for the opportunity to support Operation Smile during its 25th Anniversary, as the organization enters into a new era in changing children’s lives.”

The Smile Ambassadors are selected based on their commitment to global philanthropy and a willingness to speak out on behalf of children. Their visibility and passion will be harnessed to bring large-scale awareness to the needs of children worldwide throughout the organization’s 25th Anniversary efforts, including the November 2007 World Journey of Smiles, which will feature 40 simultaneous medical missions in 25 countries with a goal of treating an estimated 5,000 children. World Journey of Smiles will begin with free medical screenings in each country November 8, 2007, with surgeries taking place November 12-16, 2007.

Operation Smile, founded in 1982 and currently marking its 25th Anniversary, has medically treated more than 100,000 children and young adults around the world and in the United States. In addition to contributing free medical treatment for children born with facial deformities, Operation Smile trains local medical professionals and leaves behind necessary equipment to lay the groundwork for long-term self-sufficiency with ongoing medical care.

About Operation Smile

Founded in 1982, Operation Smile, headquartered in Norfolk, Virginia, is a worldwide children’s medical charity whose network of global volunteers are dedicated to helping improve the health and lives of children and young adults. Since its founding, Operation Smile has treated more than 100,000 children born with cleft lips, cleft palates and other facial deformities. In addition to contributing free medical treatment, Operation Smile trains local medical professionals in its 25 partner countries and leaves behind crucial equipment to lay the groundwork for long-term self-sufficiency. Operation Smile commemorates its 25th Anniversary with a year-long, multi-faceted series of initiatives to promote sustainability and capacity-building among its 25 mission countries. The year-long anniversary celebration will culminate in November 2007, with the World Journey of Smiles, 40 simultaneous missions in 25 countries, with a goal of providing new smiles and new lives for an estimated 5,000 children living with facial deformities.

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Press Releases | 22 June, 2007 [ 16:00 ]

Results of Warren Pratt, PhD visit to Igor



(Official Press Release -link-)

Sienna Gold Inc. (SGP.V TSX Venture Exchange) reports the results of ongoing soil, trench and rock sampling at its Igor property as reviewed by Dr. Warren Pratt. This program is designed to identify the center of porphyry gold (copper) mineralization at Igor. This is Dr. Pratt's second visit to the site following the recognition in 2006 of widespread porphyry-style (phyllic) alteration and of porphyry intrusions. In addition to the porphyry potential, new manto-, and possible sandstone-, hosted targets are identified.

<<
The next phase of work (2 to 3 months) is designed to:

- Identify the mineralized core of the porphyry system
- Identify appropriate drill targets
- Determine sandstone-hosted gold potential (cf. Alto Chicama,
Barrick).

>>

Recent soil and trench sampling has widened the geochemical anomalies at Igor. The geochemical pathfinder elements for gold, such as arsenic, are strongly anomalous over a strike length of more than two kilometres. An unusually strong molybdenum anomaly, with values up to 0.07% Mo, occurs on the ridge axis at Igor (Domo). This may point to the strongly mineralized core of a gold-copper porphyry system. Recent trenching has confirmed the presence of gold-mineralized porphyry, a very important development at Igor. The intensity of phyllic alteration is also being used to help identify the core of the porphyry system.

Soil, trench and rock sampling is being expanded. This work will fill in the data gaps and is expected to extend the geochemical anomalies. The company has permits and is planning to drill test the porphyry and mantos in the fall of 2007.

Sampling and assaying methodology

Rock chip, channel and soil samples were taken at regular intervals along pre-determined sampling lines. Complete descriptions of the samples were recorded (rock type, alteration, structure, mineralization) and the samples were sent for geochemical analysis.

The samples were analyzed by ALS Chemex Laboratories in Lima by inductively coupled plasma atomic emission spectroscopy ('ICP-AES') for silver and 33 other elements and a 30 gram fire assay technique for gold. Samples which exceeded the detection limits were re-assayed using a gravimetric fire assay technique. The specific procedures used by the lab can be found in the company's 43-101 report on the Igor property.

Sienna Gold Inc. continues to explore in Peru for precious and base
metals. Its major projects are Igor and Pachmn Alto.

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Press Releases | 21 June, 2007 [ 15:15 ]

Franc-Or Receives NI 43-101 Report on Mario, Peru Property and Plans Additional Drilling and Underground Exploration and Bulk Sampling



(Official press release -link-)



Franc-Or Resources Corporation (TSX:FOR) ("Franc-Or") is pleased to announce that it has received delivery of an NI 43-101 Technical Report (the "MDA report") on its Mario Zn-Pb-Ag-Au project in central Peru from Mine Development Associates, Inc. (MDA) of Reno, Nevada. The report is authored by George Sivertz, Senior Geologist for OreQuest Consultants Ltd, and Steven Ristorcelli, Principal Geologist for MDA. The Mario property is located in central Peru, 50 kilometers southwest of Huancayo. Previous exploration has focused on high-grade, sulfide-rich carbonate replacement mineralization that occurs along the contact between Pucara Group limestone and the Cerro Punapuna dacite dome / breccia complex.

The MDA report is a compilation of work conducted by Franc-Or and previous owners / operators of the Mario property, where some 68 diamond drill holes totaling 10,494 meters have been completed since 1999. The report concludes that Mario is a property of merit and it recommends that additional surface drilling be done to target more high grade, sulfide-rich vein and replacement base metal mineralization along the periphery of the dacite dome complex and Pucara limestone. Newly released IP-Chargeability data provide particularly favorable multiple new targets for this type of mineralization. The authors further recommend that Franc-Or initiate a resource estimate study together with an underground exploration plan. They suggest this work should be preparatory to construction of a 300-meter decline and a 200-meter drift designed to access the high-grade zinc-lead-silver vein and replacement mineralization indicated from previous surface drilling in the Punapuna Zone on the northwest flank of Cerro Punapuna. Additional drill stations and cross cuts to be constructed from the drift, would allow the staging of some 1,250 feet of fan drilling and underground bulk sampling of massive sulfide material from multiple crosscut headings. Previously reported drill intercepts from this zone include 9.15 meters of 26.1% Zn, 6.35% Pb, and 559.8 g/t Ag from hole PU-00-08, as well as 18.75 meters of 12.61% Zn, 2.57% Pb, 264.6 g/t Ag, 0.078% Cu, and 0.554 g/t Au from hole FO-06-03.

Franc-Or management is optimistic that the presence of these grades of zinc and lead over significant drill distances is indicative of the true potential of the property, particularly in that Mario lies within a very prolific NW-trending metallogenic / structural belt of Zn-Pb-Ag-(+/-Cu,+/-Au) carbonate replacement and skarn deposits that include Antamina, Cerro de Pasco, El Porvenir, Morococha, and San Gregorio in central Peru. N-S- to NW-SE-trending structures that serve as regional ore controls along this belt are also evident as mineralizing controls at Mario, particularly where they are cut by ENE-WSW-trending structures.

Moreover to their above-noted comments, Sivertz and Ristorcelli recommend that additional drilling should be conducted within the central breccia zone of the Cerro Punapuna volcano-plutonic complex to test for epithermal vein and disseminated precious metal mineralization first discovered by Franc-Or in the drill campaign of 2006. The best intersections of disseminated gold mineralization within breccia are 70.2 meters grading 0.933 g/t Au and 32.7 g/t Ag in hole FO-06-05, and 29.0 meters grading 0.889 g/t Au and 62.2 g/t Ag in hole FO-06-06. The authors note that Resistivity anomalies, newly shown to be expressed beneath the central core of the dacite dome / breccia complex, make excellent targets for gold-bearing quartz veins and silicified breccias. Their observation that gold grades increase markedly from surface to the moderate distances drilled to date, enhances the potential of this type of target at depth.

The geophysical exploration program referred to in the MDA report was conducted in late 2006 and consisted of Induced Polarization - Chargeability / Resistivity, and Total Field Magnetic ground surveys conducted on behalf of Franc-Or by VDG del Peru S.A.C. (VDG). Real Time GPS and Total Station surveys were used to establish grid lines, which allowed for the data to be plotted along accurate topographic profiles. The results of the surveys outline a broad circular anomaly, roughly centered on Cerro Punapuna, with anomalous magnetic and chargeability values along an outer ring, and low Resistivity anomalies within the core of the system. Chargeability anomalies present multiple new targets for massive sulfide vein and replacement mineralization along and near the contact of the Pucara limestone with the dacite dome / breccia complex. Additional Chargeability anomalies lie within the limestone, but somewhat outboard of this contact. These anomalies appear to be at least in part coincident with concentric fracture patterns that are evident on orthophotographs and which form outwardly from Cerro Punapuna and Cerro Carhuante and represent areas with potential for new discoveries of massive sulfide replacement and, possibly, karst-fill mineralization. The recommendation of VDG geophysicists, which is endorsed by the MDA report authors, is to consider drilling every Chargeability anomaly indicated on the property, once each is viewed in its geologic context. Linear patterns in terminated and saddled Resistivity anomalies may be good indicators of silicified feeder zones beneath the central core of the dacite / breccia complex which present targets for epithermal Au-Ag quartz veins at depth.

The complete NI 43-101 Technical Report referred to above can be viewed under the company's name in the public document filing section on the Web site of the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About Franc-Or

Franc-Or has been exploring the Mario property since March 2006 and owns 100% of the mining licenses that cover the property, subject to certain production royalties. On a corporate note, on June 15, 2007 the TSX approved the issuance of 1,900,000 Franc-Or common shares and 1,600,000 Franc-Or Share purchase warrants to Teck Cominco Peru S.A. ("Teck Cominco"). These common shares and share purchase warrants were issued as compensation for Franc-Or's purchase of Teck Cominco's back-in right to earn up to 60% equity interest in the Mario property.

Franc-Or management is excited about the recent acquisition and interpretation of various geophysical, geochemical, and geologic data as reported in the MDA NI 43-101 report on Mario. Moreover, management looks forward to what is expected to be an important turning point of the project as we begin planning coincident surface and underground exploration and development work at Mario.

Robert J. Casaceli is the Qualified Person responsible for all technical data reported in this news release.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Franc-Or, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Franc-Or's expectations are the risks detailed herein and from time to time in the filings made by Franc-Or with securities regulators.

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DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.

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Press Releases | 21 June, 2007 [ 12:15 ]

Sulliden files two lawsuits in Canada over Shahuindo Property



(Official press release -link-)


Sulliden Exploration Inc. ("Sulliden" or the "Company") (TSX:SUE) reports that its has filed two lawsuits in the Canadian courts seeking to enforce Sulliden's rights to the Shahuindo gold property in northern Peru.

Sulliden has filed a Notice of Application in the Superior Court of Justice of Ontario (Court File No. 07-CV-334885PD3) in the matter of the International Commercial Arbitration Act and the Model Law on International Commercial Arbitration, adopted by the United Nations Commission on International Trade Law, seeking an Order pursuant to Article 35 of the Model Law recognizing the Arbitration Award made in Sulliden's favor in Lima Peru on July 19, 2006 following the arbitration between Sulliden's wholly owned subsidiary Minera Sulliden Shahuindo SAC and Compania De Exploraciones Algamarca S.A. and Minera Algamarca S.A. ("Algamarca") of the dispute between Sulliden and Algamarca concerning the 2002 contract for the sale by Algamarca to Sulliden of the Shahuindo property; an Order recognizing the Arbitration Award as binding upon Algamarca and Century Mining Corporation and an Order enforcing the Arbitration Award against Algamarca and Century.

Sulliden has also commenced an action in the Superior Court of Justice of Ontario (Court File No. 07-CV335045P02) at Toronto, against Algamarca, Century Mining Corporation, Orlando Sanchez Paredes and others, claiming US$200 million for damages for breach of contract, breach of the Arbitration Award won by Sulliden, and breach of the injunctions obtained by Sulliden from the Civil Court of Lima Peru, as well as conspiracy and other claims. Sulliden is also claiming punitive damages of an additional $10 million, together with prejudgment interest, legal costs and other relief.

The claims have not yet been heard by the Ontario Court and the allegations in the Notice of Application and in the Statement of Claim have not yet been proven. The named Respondents and Defendants are expected to defend the proceedings.

ABOUT SULLIDEN:

Sulliden Exploration Inc. is a mineral exploration company focused on the development of its Shahuindo gold-silver project located in northern Peru, in one of the world's most prospective gold and silver regions, sitting approximately 25 km north of Barrick's Laguanas Norte-Alto Chicama 500,000 oz/gold per year mine; 70km south of Newmont's multi-million oz/gold Yanacocha district and 200 km north of Barrick's Pierina 650,000 oz/gold per year mine.

The Shahuindo resource stands at 38 million tonnes grading 0.95 g/t Au and 22.99 g/t Ag, containing 1.2 million oz of gold and 28 million oz of silver (equivalent to 1.6 million oz of gold at a gold to silver ratio of 1:60) in the Indicated Category; and 17.2 million tonnes grading 0.62 g/t Au and 12.83 g/t Ag, containing 342,000 oz of gold and 7 million oz of silver (equivalent to 460,000 oz of gold at a gold to silver ratio of 1:60) in the Inferred Category - (Resource Estimation - Met-Chem Canada Inc. April 2005
filed on www.sedar.com).

Sulliden's rights to the Shahuindo property are in dispute and are the subject of extensive litigation in Peru.

In addition, Sulliden has an option to acquire 66% of an adjacent 1,900 hectares known as the Vikingo concessions which brings the Company's land holdings in this exciting gold district to almost 10,000 hectares.

In southern Peru, Sulliden, through a subsidiary, has entered into an option agreement to earn a 50% interest in the Torrine gold project with Aruntani SAC.

Further information:

For detailed information and background in the Shahuindo litigation please refer to Sulliden's Annual Information Form, the Notes to the Company's Annual and Quarterly Financial Statements and press releases which can be found at www.sedar.com. For further information on Risk Factors with regard to an investment in Sulliden please refer to Sulliden's Annual Information Form and to the summary of Risk Factors in the Company's Management Discussion and Analysis for the year ended April 30, 2006 and for the quarter ended January 31, 2007 which can be found at www.sedar.com.

____________________________________________________________________

DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information.


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Sulliden responds to Century Mining (by LIP, Jun 19 2007)
Algamarca mine refutes favorable litigation claims (by LIP, Jun 1, 2007)
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Press Releases | 19 June, 2007 [ 18:00 ]

Peru Copper announces closing of C$70 million private placement



(Official press release -link-)

Peru Copper Inc. (TSX:PCR/AMEX:CUP/BVL:CUP) ("Peru Copper" or the "Company") announced today that it has closed its previously announced private placement of 13.2 million common shares at a price of US$4.99 (C$5.30) per share for gross proceeds of US$65,868,000 (approximately C$70 million), following receipt by the Company of regulatory approval from the Toronto Stock Exchange and the American Stock Exchange. On June 11, 2007 the Company announced that it had entered into a definitive agreement pursuant to which Aluminum Corporation of China has agreed to make an offer to acquire all of the outstanding shares of Peru Copper and make this investment in Peru Copper through the private placement.

The common shares issued in the private placement have not been registered under the Securities Act of 1933 or any state securities laws, and unless so registered may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

All of the common shares issued and sold pursuant to the private placement were purchased and acquired by Chinalco Canada B.C. Holdings Ltd., a wholly owned subsidiary of Aluminum Corporation of China.

As a result of the completion of the private placement, Chinalco now indirectly beneficially owns approximately 9.9% of the outstanding common shares of Peru Copper.

PERU COPPER STOCKHOLDERS ARE ADVISED TO READ PERU COPPER'S SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WHEN IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. THE SOLICITATION/RECOMMENDATION STATEMENT WILL BE MADE AVAILABLE TO SHAREHOLDERS OF PERU COPPER AT NO EXPENSE TO THEM. THE SCHEDULE 14D-9 AND OTHER FILED DOCUMENTS WILL ALSO BE AVAILABLE WITHOUT CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT WWW.SEC.GOV. THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER TO SELL SECURITIES OF PERU COPPER. THE TENDER OFFER WILL BE MADE SOLELY BY AN OFFER TO PURCHASE AND RELATED LETTER OF TRANSMITTAL TO BE DISSEMINATED UPON THE COMMENCEMENT OF THE TENDER OFFER.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS:

This news release contains "forward-looking statements" including, but are limited to, statements with respect to the future price of copper and molybdenum, the timing of exploration activities, the mine life of the Toromocho Project, the economic viability and estimated internal rate of return of the Toromocho Project, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Peru Copper's commitment to, and plans for developing, the Toromocho Project.
Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Peru Copper to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Toromocho Project, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of copper, silver, molybdenum and gold, as well as those factors discussed in the section entitled "Risk Factors" in the Form F-3 as on file with the Securities and Exchange Commission in Washington, D.C. and in the section entitled "Narrative Description of the Business -- Risks of the Business" in the Annual Information Form of the Company dated March 28, 2007. Although Peru Copper has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Peru Copper does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

____________________________________________________________________

DISCLAIMER: The content of each press release is the responsibility of the publishing organization and is not vetted or approved by LivinginPeru.com prior to publication. LivinginPeru.com is not liable directly or indirectly for any direct or consequential loss, damage or expense resulting from the material disseminated and published on the site. Readers are advised to check the accuracy of all press releases and to obtain their own professional advice in relation to such information

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Peru Copper agrees to friendly takeover by Chinese firm (by LIP, Jun 11, 2007)
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