Submitted by: Golden Eagle International Inc.
Categories: Community Development
Posted: Jun 20, 2002 – 12:00 AM EST
Jun. 20 /CSRwire/ - SALT LAKE CITY, UTAH - Golden Eagle International, Inc. (MYNG, OTCBB) announced today that it sponsored its annual health fair, Health Fair 2002, in Cangalli, Bolivia from June 14-16, 2002. The Company transported a medical team of 38: five doctors (a gynecologist, a pediatrician and three family practitioners), six interns, 22 medical students and five laboratory technicians, from La Paz to Golden Eagle's hospital in Cangalli, Bolivia. All were there to carry out general physical and gynecological examinations, as well as checking specifically for tuberculosis, malaria and parasitic problems. The children of the community particularly benefited from progress checkups and a full range of vaccinations. According to the President of the Company's Bolivian subsidiary, Victor Hugo Bretel, "the Health Fair was an enormous success-even better than in past years. Our medical teams saw 580 patients and every one of them had not just a physical exam, but also a full laboratory analysis. The great majority had never had full-scale laboratory work performed on them before. The good word about our Health Fairs is spreading in the surrounding areas, and participation is way up." The medical team also took x-rays in a number of indicated cases on recently installed x-ray equipment purchased by Golden Eagle.
Ronald Atwood, Ph.D., Golden Eagle's Vice President for Development, commented from La Paz, "Our focus is bringing our Cangalli gold deposit into commercial production. And while we are currently working on culminating some of the most critical projects in our Company's history, life goes on for the people living in the gold zone. I am glad that we are contributing to improving the quality of that life."
Golden Eagle also reported that while returning to La Paz from Cangalli, the lead vehicle in a caravan of five, carrying five doctors and being driven by the Company's subsidiary's President, Victor Hugo Bretel, stopped in a waterfall that falls directly on the road. The pressure of the water and a previous erosion track contributed to the vehicle sliding off the edge of the road and falling 200 feet to a ledge below, where jungle vegetation kept it from dropping another 800 feet to the floor of the canyon. Mr. Bretel and the doctors were rescued by rope. None of the passengers was critically injured, however, one of the doctors did sustain a gash on her head and is under observation in a La Paz area hospital. The rest are recovering at home in La Paz. Golden Eagle's President, Terry Turner, stated, "We are so grateful that the lives of these good men and women, who were on a humanitarian mission, were preserved in the face of extremely precarious circumstances. Our best wishes for a speedy and full recovery go to these caring doctors and to our own Victor Hugo ("Pitty") Bretel."
Golden Eagle International, Inc. is a gold exploration and mining company
located in Salt Lake City, Utah and La Paz, Bolivia. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District in Western Bolivia, and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield. The Company highly recommends that all shareholders and prospective shareholders should review its disclosures, risk statements, previous press releases, Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K, found at its website: www.geii.com.
For more information about the Company, call Sabrina Martinez in Investor Relations at (801) 619-9320. Media inquires should be directed to Jack McNamara at (801) 619-9320.
Forward-Looking Statements and Disclosure of Risk
The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may", "expects to," "projects", "estimates" "plans", and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release and interview highlighted in the press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward-looking statement made herein.
For more information, please contact: