Equitable Mining Corp. Re-Opens Negotiations For Chinese Mine Tailings Property
November 14 2006 - 4:00AM
PR Newswire (US)
CHEYENNE, WY, Nov. 14 /PRNewswire-FirstCall/ -- Equitable Mining
Corp. (EQUITABLE), a resource company trading as EQBM on
PinkSheets.com and E5W on the Frankfurt Exchange, is meeting with
the principals of the Dalian Mine Tailings site in Beijing, China
later this week. "We are excited about having the Dalian project
move forward," said Larry Skolnik, president of Equitable. The
Dalian acquisition covers the mineral rights to 220,000 square
meters of land leased from the government for 25 years and includes
5.2 million tons of mine tailings plus infrastructure in place
including roads, electricity, water, fencing, storm sewer,
transportation and one production line. To date $7 million has been
invested in the project by H.M.H. and D.A.K. Once the acquisition
is complete Equitable Mining Corp. plans to increase production to
three lines within the first eight months. The company will utilize
D.A.K.'s environmentally friendly leaching process to extract the
mineral deposits. Safe Harbor Certain statements above constitute
forward-looking statements with respect to MEM Financial Solutions
and affiliated companies. Such forward- looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the
companies to be materially different from any further results,
performance or achievements expressed or implied by such
forward-looking statements. DATASOURCE: Equitable Mining Corp.
CONTACT: Equitable Mining Corporation: Larry Skolnik, President,
Tel (416) 410-3995, Fax (416) 784-1529,
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