Global Finishing, Inc.

Global Finishing, Inc.

April 26, 2007 08:00 ET

Global Finishing, Inc. Acquires the Ruby Mine

MONTREAL, QUEBEC--(CCNMatthews - April 26, 2007) - Global Finishing, Inc. (FRANKFURT:G8BA)(PINK SHEETS:GFML) is pleased to announce the acquisition of the Ruby mine a high grade, near surface silver property, located near the California-Nevada border in eastern Mono County, California.

The property encompasses the workings of the Green Monster Mine, which has a history of small, but high-grade production from carbonate replacement deposits. Between 1938 and 1953, the mine produced 781 tons yielding 40,329 oz silver (Ag), 6,916 lbs copper (Cu), 46,767 lbs. Lead (Pb), and 5,775 lbs. Zinc (Zn). (Source : US Bureau of Mines).

The U.S. Bureau of Mines also investigated the Ruby mine during 1983, in depth, and established the presence of commercial ore remaining in the mine. This report was made prior a recent discovery of a major fault, which is believed to be the feeder zone of the "Green Monster Mine. Previous Mining yielded results from 36 to 1465 ounces of Ag per ton of ore and 0.1 to 0.224 ounces of Au per ton of ore.

Global Finishing, Inc. will rehabilitate the mine workings, and set up underground drill stations in order to both upgrade and expand the resource and set a date to begin production.

Contact Information

  • Global Finishing, Inc.
    Richard Diotte