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Bolivar Mining Corp. (OTC: BOLV) is Today’s Top Stock to Watch from Beacon Equity Research


Bolivar Mining Corp. (OTC: BOLV) is Today’s Top Stock to Watch from Beacon Equity Research

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Dec. 11 - Bolivar Mining Corp. Infusion of $1 Million in Modern Mining Equipment to Boost Production at Red Dragon Gold Mine in China Five-Fold

Bolivar Mining (BOLV) announced today that over $1,000,000 USD has been invested in modern mining equipment to boost gold production at the currently producing Red Dragon 1 gold mine in Southern China. The Company recently announced that it had acquired a 40% interest in the property.

Red Dragon 1 is one of four mine sites comprising the Red Dragon Mining Properties located around Jinzhuang, China. Red Dragon 1 is currently generating revenues of approximately $3,000 per day using ancient gold mining methods, crude by today’s standards.

The modernization process at Red Dragon 1 is underway with the infusion of $1,000,000 in equipment, including advanced drilling and crushing technology. The modern mining equipment is currently on-site and functional. Full-scale production using the advanced technology and equipment is expected to commence within four weeks.

“We believe the recent infusion of modern equipment and the implementation of advanced mining techniques will substantially increase production at Red Dragon 1,” stated Bolivar Mining President, Arshad Shah. “We anticipate corresponding production revenues will increase to approximately $17,000 per day or over $6 million per year based on current gold prices. We are looking forward to working closely with our Chinese Partners to build a prosperous business model”

This is another major milestone for Bolivar Mining manifesting its continued commitment to rapidly develop its gold properties in China. The Company is currently evaluating other gold and mineral opportunities in seven countries around the world.

Dec. 11 - Bolivar Mining Secures 40% Interest in Producing Gold Mine in China

Bolivar Mining (BOLV) announced previously that it was examining potential joint venture mining operations in Southern China. The Company has recently secured a 40% interest in the currently-producing Red Dragon 1 gold mine for $500,000 USD.

“We are pleased to announce that we have secured a 40% interest in the gold producing mine,” stated Bolivar Mining Corp’s CEO and President, Arshad Shah. “This event represents a significant milestone in the development of our operations in China.”

“Current mining methods at the Red Dragon mines can be traced to the Han Dynasty, many centuries ago. I visited these sites in November 2007, and concluded that the potential output, through the implementation of modern mining methods would increase many times over. The recent investment of more than $1 million in modern technology and equipment should substantially increase production at Red Dragon 1 from approximately $3,000 per day in revenues to approximately $17,000 per day based on current gold prices.

Red Dragon 1 is one of four mine sites that comprise the Red Dragon Mining Property in and around Jinzhuang China. Jinzhuang is close to Guangzhou, the capital of Guandong Province and is easily accessible by modern highways.

Red Dragon 1 is currently generating revenues of approximately $3,000 per day through gold mining methods that are crude by today’s standards. Bolivar has already implemented modernization operations to increase gold production at Red Dragon 1, as a managing partner. Bolivar believes the introduction and implementation of modern mining equipment and techniques will result in production increases exceeding five-times current production.

Further investigation and due diligence of the property and surrounding region are being conducted by Bolivar’s experienced team of engineers, geologists, and mineralogists.

About Bolivar Mining Corp.:

Bolivar Mining Corp, is an exploration and mining company seeking global mining prospects in over five countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably, thus creating an opportunity to extract and sell precious minerals to the global market. For more information, visit our website at

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Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Bolivar Mining Corp. (BOLV) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts’ personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of five thousand dollars directly from Pine Mountain Ventures for the distribution of this release and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.


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