NEW YORK, Oct. 12, 2007 (PRIME NEWSWIRE) -- Following on the heels of a dramatic increase in bullion prices, closing in on three-decade highs, Wall Street Reporter Television sat down for interviews with several companies in a position to benefit from continued precious metals' upside: Eastmain Resources (TSX:ER), Eurasian Minerals (TSX-V:EMX), and Esperanza Silver Corp. (TSX-V:EPZ). These video interviews can be viewed online at WallStreetReporter.com.
Don Robinson, President of Eastmain Resources (TSX:ER), shared plans to start drilling the company's 100%-owned Eau Claire project, in the next few months. Robinson considers Eau Claire, a million-ounce gold deposit, a timely acquisition, noting at the time the price of gold was $250 and "on Friday it was $700."
Other company highlights that Robinson discussed included:
-- Senior partner Goldcorp's decision to commit technical expertise and potential processing resources to the Eau Claire project.
-- The metallurgical rationale behind the company's exploration relationship with Xstrata Copper. "The ore deposits are metallic just like your Christmas tree. When you plug it in, the lights come on," Mr. Robinson says. "This will be drilled as part of our base metal contingent."
Eurasian Minerals (TSX-V:EMX) President and CEO David Cole discussed his company's strategy of adding value early to a diverse portfolio of acreage in Central Asia, and now Haiti as well. "I'm humbled by the quality of geologists we have on our team," says Cole. "The geological results to date have been stellar."
Topics of special interest to the investment community included:
-- Details on several "flagship" projects in Kyrgyzstan and Turkey, as well as emerging interests in Haiti.
-- The company's "unique" model of generating prospects and then vending properties out, which, Mr. Cole explains, allows Eurasian Minerals to raise cash to pursue in-house projects without diluting equity.
The combination of teamwork and exploration success is also a key to understanding Esperanza Silver (TSX-V:EPZ). "In our five-year life, we have two new discoveries," says CEO William Pincus. Adding it is "a hell of a track record."
Pincus shared other investor highlights, including:
-- How their partnership with Silver Standard carries the company's 20% stake in a high-grade silver/gold project through to production. "From here on out, we basically watch Silver Standard do their good work," Mr. Pincus says.
-- Pincus also discussed Esperanza Silver's impressive drilling plans for a 100%-owned follow-up project.
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About Eastmain Resources Inc.
Eastmain is a Canadian gold exploration company with 100% ownership of the Eau Claire and Eastmain gold deposits located in James Bay, Quebec. The company has budgeted a minimum of $3.5 million for gold and base metal exploration in Quebec and Ontario for 2007. Eastmain's Quebec project portfolio includes 12 properties covering over 1,200 square kilometers in the Eastmain/Opinaca gold camp.
About Eurasian Minerals Inc.
EMX is building shareholder value with precious and base metals exploration programs in some of the world's most promising, but under-explored frontier regions. Eurasian is aggressively adding high quality properties to its portfolios in Turkey, Eastern Europe, the Kyrgyz Republic and Haiti. The company is well funded and strategically positioned to fully participate in the current favorable investment climate.
About Esperanza Silver Corp.
Esperanza Silver is an exploration company committed to discovering new precious metal deposits, leveraging off the track record of its management and field exploration teams. Since the start of its exploration activities in 2003, its geologists have discovered two exceptional gold projects: San Luis in Peru and Cerro Jumil in Mexico. Esperanza continues its new prospect generation activity.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business.