Bekem Metals, Inc. Announces Extension of Gornostai Deposit
October 13 2005 - 6:05PM
PR Newswire (US)
SALT LAKE CITY, Oct. 13 /PRNewswire-FirstCall/ -- Bekem Metals,
Inc., (OTC:BKMM) (BULLETIN BOARD: BKMM) is pleased to announce the
extension of the geological allotment covered by its mineral
exploration and development concession. On October 7, 2005, the
Company received written notification from the Ministry of Energy
and Mineral Resources of the Republic of Kazakhstan that the
Ministry had approved the Company's request to extend the
geological allotment of the Gornostai deposit from 6.16 hectares
(1,522 acres) to 5,450 hectares (13,467 acres). The Company expects
the terms and conditions of the extension, including the Company's
work program and required capital expenditures, will be negotiated
and agreed upon between the Ministry and the Company by December
30, 2005. Marat Cherdabayev, President of Bekem Metals stated, "One
of our primary objectives is to increase our mineral reserves by
proving up our existing properties and acquiring new properties. We
anticipate that this extension of our geological allotment will be
an important step forward toward achieving our Company goals."
Bekem Metals is engaged in the exploration and production of
nickel, cobalt and other minerals at its Gornostai deposit in
Eastern Kazakhstan. The Company maintains administrative offices in
Salt Lake City, Utah and Almaty, Kazakhstan. For more information
please contact Marat Cherdabayev at (801) 746-3700. The information
contained in this release includes forward-looking statements that
are subject to risks and uncertainties that could cause actual
results to differ materially. Certain statements contained herein
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of the Company to be
materially different from those expressed or implied.
Forward-looking statements involve risks and uncertainties,
including but not limited to, such risks as the sufficiency of
funds and other risks described in the Company's periodic reports
on file with the Securities and Exchange Commission. DATASOURCE:
Bekem Metals, Inc. CONTACT: Marat Cherdabayev, +1-801-746-3700, for
Bekem Metals, Inc.
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