Our Pick For The week of Monday 26th of June
Already up 0.30 in the last 3 days of trading!
Falcon Energy, Inc.
FCYI
Current 0.85
5 Day Expected 2.90
Plus Top four Pick
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Falcon Energy, Inc. Announces 100% Acquirement of Mongolian
Mineral Exploration Licenses
Friday June 9, 4:00 pm ET
5VANCOUVER, British Columbia--(BUSINESS WIRE)--June 9,
2006--Falcon Energy, Inc. (Pink Sheets:FCYI - News) is
pleased to announce that it has fully acquired the
exploration licenses for five mining properties in the
mineral rich region of Mongolia. Management felt that the
opportunity presented by these properties was significant
enough to forgo a planned participation by a second resource
company. These licenses will be held for a minimum of three
years and grant Falcon Energy Inc. access to the mineral
rights for the licensed properties.
Mongolia has a wide variety of mineral resources. As of
1998, about 88% of the country had been geologically mapped
but only 20% of the country's landmass had been licensed
for exploration and exploitation.
Falcon Energy's interest in the region is driven in part by
the anticipation of deploying modern prospecting methods to
an area that abounds in both base and precious metals.
Exploitable mineral resources found in the area in which the
licenses are held include: Gold, base metals such as Copper,
Molybdenum, Lead and Zinc as well as Fluorite and Uranium.
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