Magnum reports on Mongolian Mineral Exploration
07 10월 2005 - 2:29AM
PR Newswire (US)
OTCBB:MAGR TORONTO, Oct. 6 /PRNewswire-FirstCall/ -- Mr. John K.
Yee, Chairman of Magnum d'Or Resources, Inc. is pleased to report
that Placer Dome International Limited (NYSE:PDG)(TSX:PDG) has
commenced field work for the examination phase on the Khul Morit
Property in Mongolia this month. A geology team has inspected the
site and is currently assessing all the available technical data
prior to laying out an exploration program. Placer recently
sponsored a Gold / Exploration Conference called Discover Mongolia
held in Ulaanbaatar, the Capital of Mongolia, on September 15 and
16, 2005. The diamond drill core samples from the Khul Morit
Property have now been delivered to the assayer in Vancouver and
results are expected shortly. Mr. Yee additionally reports that the
Company is encouraged by the progress of this work and is currently
assessing new opportunities to enhance shareholder value. A number
of statements contained in this press release are forward- looking
statements that are made pursuant to the Safe Harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve a number of risks and
uncertainties including but not limited to: competitive market
conditions, successful integration of acquisitions, and the ability
to secure additional sources of financing. The actual results that
Magnum may achieve could differ materially from any forward-looking
statements due to such risks and uncertainties. DATASOURCE: Magnum
d'Or Resources Inc. CONTACT: Magnum d'Or Resources, Inc. - Reno J.
Calabrigo, (416) 200-1958, email: , website:
http://www.magnumexploration.com/
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