GMR Clarifies Disclosure for BCSC Regarding Technical Report
(firmenpresse) - TORONTO -- (Marketwire) -- 03/01/12 -- As a result of a review by the British Columbia
Securities Commission, GMR Global Mineral Resources Corp. (FRANKFURT: GLLN)
is issuing this news release to clarify the company's disclosure.
The BCSC has expressed concern that the NI 43-101 Technical Report dated
November 8, 2011 for the Red Elephant property that was previously on the
company's website contained a reference to a historical resource estimate.
This historical estimate had not been verified by a Qualified Person nor
had it been verified by subsequent exploration. Investors should therefore
not rely on that report because the contained statements referring to a
historical resource were incorrect and non-compliant with terms and
definitions as set out by the CIM.
The company has now removed this document from its webpage and will be
issuing a revised NI 43-101 Technical Report that is in compliance with NI
43-101.
Stephen B. Butrenchuk, P. Geol., is the independent Qualified Person, as
defined by National Instrument 43-101 who has reviewed and approved the
technical content of this News Release.
About GMR Global Mineral Resources Corp.
GMR Global Mineral Resources Corp. (FRANKFURT: GLLN) is a Canadian-based
resource, exploration and development company that primarily redevelops
past-producing gold and silver mining properties. The company focuses on
properties that were not fully exploited due to old technology or weak
precious metal prices. By implementing modern exploration and extraction
methods, GMR's strategy is to profitably revitalize these mines. GMR is a
significant holder of mineral tenures in British Columbia, Canada (Slocan
Valley and Zeballos), most of which are past-producing gold or silver
properties. For additional information on the company and its properties,
please visit .
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any
information as to our strategy, projects, plans or future financial or
operating performance and other statements that express management's
expectations or estimates of future performance, constitute "forward-
looking statements". All statements, other than statements of
historical fact, are forward-looking statements. The word
"intend" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number
of estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. GMR cautions the reader that
such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual financial
results, performance or achievements of GMR to be materially different from
GMR's estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. GMR disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except
as required by applicable law. This press release does not constitute or
form part of any offer or invitation to sell or issue or any solicitation
of any offer to purchase or subscribe for any securities in any
jurisdiction, nor shall it (or any part of it) or the fact of its
distribution form the basis of, or be relied upon in connection with, or
act as any inducement to enter into, any contract or commitment therefore.
Contacts:
GMR Global Mineral Resources Corp.
Mr. David Amar
President and CEO
416-367-0006 or Toll Free: 1-866-209-0451
416-367-8334 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.03.2012 - 16:58 Uhr
Sprache: Deutsch
News-ID 120783
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contact information:
Town:
TORONTO
Kategorie:
Mining & Metals
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"GMR Clarifies Disclosure for BCSC Regarding Technical Report"
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