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Galena Capital Corp.

Publié le 30 avril 2008

Introduces the Tablachaca River Project

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Mots clés associés :   Canada | G Mexico | K Street |

Vancouver, British Columbia, April 30th, 2008

Galena Introduces the Tablachaca River Project

Galena Capital Corp. (TSXV: FYI) (the “Company” or “Galena”), holds a portfolio of resource properties in Mexico and Peru. One of the properties is the Tablachaca River project. The Tablachaca project is located east of the coastal city of Chimbote located in Peru.

The Tablachaca project is a placer project and the Company owns the placer mining rights for 12 kilometres of the river to approximately 40 metres of depth. Historically, the Tablachaca River has been placer-mined annually by local artisan miners who have been producing and selling gold, tungsten and rare earths. The Company’s due diligence indicates that a placer operation on a larger scale can be very economical. The geological characteristic of steep river banks allows for the material containing AU to slide into the river basin and the material is distributed through the river.

The company has been conducting ongoing initial diligence in an attempt to locate the source of placer material and is also proceeding with a pilot project to implement a placer operation.  The company is in the process of obtaining the final permit required to mine the Tablachaca River and management fully expects to be into production within 6 months.  All necessary operational equipment has been secured to facilitate this production schedule.

CEO Arni Johannson says “The Tablachaca River project represents Galena’s commitment to be a near-term producer and to have a cash flow asset to augment our developing exploration projects.”

Galena’s mission statement is to aggressively build a well-financed, premiere public company run by dedicated, experienced senior management, with projects whereby production can withstand commodity fluctuations and therefore create a legacy in Mexico and South America. 

For further information, please visit www.GalenaCorp.com or contact Galena directly on the number below.

ON BEHALF OF GALENA CAPITAL CORP.

"Arni Johannson"

Arni Johannson
Chairman, CEO

For further information contact: Ian Pedersen (Investor Relations)

Suite 1101, 808 West Hastings Street, Vancouver, British Columbia, V6C 2X4, Canada

Tel: (604) 638 - 0260     Toll Free: (877) 906 - 3987

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of payments and securities issuances, the completion of financings, the completion of Galena's three-step business plan, the use of proceeds, future exploration, development and production activities, future expenditures, and completion of technical reports. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions, payments, share issuances and financings, the use of proceeds, the time and success of future exploration, development and production activities and the timing and amount of expenditures.
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Galena Capital Corp.

CODE : FYI.V
CUSIP : 363260 10 0
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Galena est une société d’exploration minière d'argent et d'or basée au Canada.

Galena détient divers projets d'exploration au Mexique et au Perou.

Ses principaux projets en exploration sont THE MAUREEN, THE MARIA et MELISSA au Mexique.

Galena est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 173 720 CA$ (156 452 US$, 112 943 €).

La valeur de son action a atteint son plus haut niveau récent le 08 février 2008 à 2,60 CA$, et son plus bas niveau récent le 27 juillet 2012 à 0,01 CA$.

Galena possède 8 686 000 actions en circulation.

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Financements de Galena Capital Corp.
25/03/2008 Completes Acquisition of the Norma Mines Group and Private ...
25/03/2008Completes Acquisition of the Norma Mines Group and Private P...
Projets de Galena Capital Corp.
07/07/2008(The Maureen)Hits High Grade Gold and Silver Vein
24/04/2008(Melissa)COMMENCES DRILLING ON MELISSA PROJECT
01/04/2008(The Maureen)Phase One on Maureen Complete – Drill Shifts to Melissa and ...
12/03/2008(The Maureen)Maureen Project - New Drilling Approved
12/03/2008(The Maureen)Galena News Release - Maureen Project Update
01/02/2008(La Suerte)Drilling Program Commenced
01/02/2008(La Suerte)Drill Program Commences
Communiqués de Presse de Galena Capital Corp.
24/06/2011Continues Due Diligence on Oil Sands Technology
07/03/2011Closes Purchase and Sale Agreement on Matagorda Bay Project ...
28/11/2009Resinco(tm) Capital Partners (formerly Longview) Acquires Se...
09/05/2008PROGRESS REPORT - MEXICO
30/04/2008Introduces the Tablachaca River Project
23/04/2008ANNOUNCES INVESTOR RELATIONS AGREEMENT
18/04/2008Milestones
01/03/2008Assay chip samples from the Maria Project
29/02/2008Assay Chip Samples Return Up to 7.9g/t of Gold and Up to 992...
16/01/2008GALENA TO AQUIRE THE NORMA MINING GROUP
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