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Venga's Affiliate Starts Construction Access Road to Liberian Gold Mining Site
Apr 30, 2009 06:17AM
April 30, 2009
Venga's Affiliate Starts Construction of Access Road to Liberian Gold Mining Site and the Building of Main Base Camp
TORONTO, ONTARIO--(Marketwire - April 30, 2009) - Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) (the "Company") announced that its mining affiliate, Global Mineral Investments, LLC ("GMI"), has now started construction of an access road to GMI's GoldMatta mining site located in the Sanquin Mining Zone, Liberia. Venga also announced that GMI has started to erect both its main and subsidiary camps and that all required mining equipment and supplies, including the principle dredge, have now been delivered to the mining sites. GMI is planning to carry on gold dredging operations in those portions of the Upper Tartweh River system flowing through its GoldMatta concession.
In commenting on the status of GMI's mining operation, George Duokenel, GMI's lead geologist and project manager, stated, "We are certainly on course. The team cutting lines along the rivers to indicate the sixteen deepest areas of the river system that we intend to dredge has completed the job." Duokenel also confirmed that GMI has now received approval from both central and local governmental authorities to build the 2.9 mile road to GMI's mining sites which will give work crews better access to the sites and provide the local population with a major route between Tartweh and the provincial headquarters in Greenville.
Venga further announced that GMI and Venga have agreed to assist in the construction of the first health clinic and secondary school in the area where GMI's GoldMatta mining concession is located. "We think it is important to be good corporate citizens and to provide as much assistance to the local population as possible," stated Venga President, Hirsh Kwinter. "We want the local people, many of whom we are now hiring, and all governmental authorities to view our mining project as a collaborative effort that will be mutually beneficial to all stakeholders," continued Kwinter.