MMX Discloses Preliminary Technical Report of AVG's Mineral Resources
February 27 2008 - 5:15PM
Marketwired
RIO DE JANEIRO, BRAZIL (TSX: XMM) ("MMX" or the "Company")
hereby informs its shareholders and investors that the preliminary
Technical Report of AVG Minera��o S.A.'s ("AVG") mineral resources
has been concluded, in accordance to the rules of the Toronto Stock
Exchange and of the Canadian exchange commissions.
The resource estimate presented in the Report was based on the
preliminary data collected on the drilling campaign that initiated
in 2007, as part of the due diligence process for AVG's
acquisition.
MMX will continue its drilling campaign in 2008 in conformity to
SRK Consulting's recommendation, as presented below:
Grid
pattern number of area number of
(m) holes (m) samples
--------- --------- --------- ---------
2007 (AVG) irregular 11 440.45 78
--------- --------- --------- ---------
2007 (MMX) 200 x 200 26 1,665.55 233
--------- --------- --------- ---------
Total 37 2,106.00 311
--------- --------- --------- ---------
2008 (planned) 100 x 100 70 5,000.00 1,000
--------- --------- --------- ---------
MMX plans on releasing an updated and more detailed Report by
the end of 2008.
The audit of the resources and reserves was carried out
according to the standards set by the Canadian Institute of Mining,
Metallurgy and Petroleum (CIM Standards) and by the National
Instrument 43-101 of the Canadian Securities Administrators (NI
43-101).
SRK Consulting, a company specialized in geology, mining and
mineral resources determination, was responsible for the audit. The
Qualified Person who has reviewed this Press Release is Leah Mach
CPG, MSc.
The Report is available on the Company's Investor Relations
website at www.mmx.com.br/ir
Rio de Janeiro, February 27, 2008
MMX Minera��o e Met�licos S.A.
Luiz Rodolfo Landim Machado
Executive President and Investor Relations Officer
MMX - Investor Relations Elizabeth Cruz / Gina Pinto Tel. 55 21
2555-5634 / 2555-5558 Email Contact www.mmx.com.br/ri
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