SOURCE: Wall Street News Alert

June 22, 2005 08:32 ET

Wall Street News Alert: GMNC Completes Phase One Drilling and All Holes Hit Mineralization on Spanish Site!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 22, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Goldtech Mining Corporation (OTC BB: GMNC), Exxon Mobil Corporation (NYSE: XOM), Standard & Poors Dep. REC (AMEX: SPY) and Maytag Corporation (NYSE: MYG).

Goldtech Mining Corporation (OTC BB: GMNC) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing further results from the company's ongoing work on the Golpejas site near Salamanca, Spain.

This could be good news for investors! According to the press release, six drill holes for an aggregated total of 310 meters have been completed. The cores were tested for Tantalum, Tin, Lithium, Niobium, Rubidium and Cesium, and the assays of holes four, five and six yielded average results. Please refer to yesterday's press for the details regarding these results.

"The company is conducting a metallurgical analysis to determine the amount of metal that may be produced from the future mining operation. We plan to release these results shortly, and expect they will establish a value for our metal concentrates," said Goldtech Chairperson Tracy Kroeker.

Investors should continue to watch this company for future developments! The Golpejas property had previously been mined for Tin and Tantalum until the early 1980s when markets saw tin prices collapse. This property has known reserves of Tin and Tantalum, as supported by data from the Spanish Institute of Mining and previous mining activity which indicates a significant tonnage of reserves with economic grades of Tin and Tantalum. The mineralization on the Golpejas property is exposed. With the recent increase in the prices of Tantalum, Tin and other rare metals, management is optimistic about the potential for this property. The company expects to further prove and expand the known reserves in order to re-establish mining operations at the Golpejas property.

Prior to the news release, the stock closed at $1.20 a share.

In case you are not familiar with the company: Goldtech Mining is a development-stage exploration mining company currently developing a formerly producing tin mine west of Salamanca, Spain, known as the Golpejas Property. Goldtech seeks to capitalize on the high demand for tin and tantalum as well as other minerals. For More information, please visit the company's website at

Stocks showing interesting activity yesterday at the close of the regular trading day were: Exxon Mobil Corporation (NYSE: XOM) down 2.2% on 16.6 million shares traded, Standard & Poors Dep. REC (AMEX: SPY) up 0.06% on 40 million shares traded and Maytag Corporation (NYSE: MYG) up 5.4% on 7 million shares traded.


"Oil prices came down off their record highs Tuesday, but hovered near $59 a barrel amid global supply fears as the market brushed aside the possibility of additional barrels from OPEC," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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