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Cotton & Western Mining, Inc. (OTC: CWRM)(February 1, 2008), Robert L. Cotton, President & C.E.O. of Houston-based Cotton & Western Mining, said today that the company is expecting to get at minimum six months production from its Baja California new iron and copper ore production in year 2008 and with metal mineral prices at all time highs, only 60,000 dry metric tons of copper ore and 900,000 dry metric tons of iron ores would be needed to exceed $100,000,000.00 in gross revenues.
The company anticipates production of crude iron and crude copper ore to begin no later than June, 2008 with modest expectations for production of ores.
The company has received several offers within the last few weeks for off-take agreements for both the iron ore and copper ore production from its Baja Pacific No. 5 mineral deposit. Bench mark pricing for the first quarter of 2008 for raw crude iron ore in fines at minimum 64.5% Fe is $62.00 F.O.B. per each dry metric ton and bench mark pricing for the first quarter of 2008 for raw crude copper ore in lump at minimum 28% Cu is $1,350.00 C.I.F. per each dry metric ton. The company is planning on setting up production of copper ore at 10,000 DMT per month and production for iron ore fines will be set at 150,000 DMT per month.
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Universal Detection Technology (OTCBB: UDTT) (February 1,2008), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced that it has reached an agreement with Kadinuo Science and Technology Company in Beijing to market and distribute UDTT's products in China.
Kadinuo Science and Technology has been active in the introduction and promotion of advanced radiation instruments in the Chinese market for over 10 years. Presently, the company is a strong regional supplier of emergency nuclear monitors, environmental radiation monitors, decontamination technologies, and the like. UDTT's BSM-2000 and other bioterrorism and radiation detection technologies are anticipated to be a great match for Kadinuo's present products and services. Kadinuo has established relationships with more than 200 customers in China, including government administrators such as the Chinese State Environmental Protection Administration, Chinese Center for Disease Control and Prevention, Administration of Quality Supervision, Inspection and Quarantine of China, and the Public Security Bureau. In 2006 and 2007, Kadinuo won 13 and 16 government bids, respectively.
"China is a vast market and the fastest growing economy in the world. We are excited about our agreement with a major regional power for distribution of our products and we look forward to establishing a strong market in China," said Mr. Jacques Tizabi, UDTT's Chief Executive Officer.
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U.S. Precious Metals Starts Drilling Campaign U.S. Precious Metals, Inc. (OTCBB: USPR)(February 1, 2008) Director Sheldon Baer announced that the roads at the La Sabila project in southern Michoacan have been repaired, the drilling company has arrived and drilling has begun. Mr. Baer went on to say that the certification contractor had arrived on site and would be monitoring the drilling campaign and the processing of the core, to maintain complete integrity.
Mr. Baer also said he recognized the importance of processing the core in a timely manner and that as the assay results are received by USPR they would be released to the public.
Dave Burney, President of USPR also said today "the first drill hole is located adjacent to an outcrop that assayed 0.062 opt gold, 17.3 opt silver. Rock chip samples from another location assayed 0.335 opt gold, 1.093 opt silver, 0.185% copper, and is scheduled to be cored next.
US Precious Metals, Inc. is a gold exploration company operating in Mexico through its wholly owned Mexican subsidiary, U.S. Precious Metals de Mexico. US Precious Metal's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."
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