WILMINGTON, Del. and SALT LAKE CITY, Jan. 4, 2007 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the corporation has completed its acquisition of the assets of Saturday Night, LLC, including Patent Claim #5797 located in Box Elder County, Utah. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than USD745 Million ($745,000,000.00).
Patent Claim #5797 is located in Box Elder County, Utah, approximately 8 miles east of Montello, Nevada in the central zone of the Montello Mining District in Northeastern Nevada-Northwestern Utah. The two most recent geological reports verifying the gold deposits in Patent Claim #5797 were conducted in 2000 by respected Geologist Dr. Yung S. Kim, a retired Professor of Geology at the University of Nevada and Senior Fellow at the Department of Conservation, Office of Mines, Sacramento, CA.; and in March 2006 by John A. Yellich, Certified Professional Geologist -- No. 7538, American Institute of Professional Geologists, Licensed Geologist -- No. 891, State of Washington. The March 2006 geological report on Patent Claim #5797 is posted on the Perihelion Global website www.perihelion.com for public viewing.
"This is a tremendous acquisition for our corporation," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global. "We firmly believe that the value of gold and other precious metals will continue to increase in the future. As such, in addition to the gold deposits already reported, we plan to conduct further geological surveys to determine the value of the remaining precious metal and mineral deposits in our patented property." Adds Beebe, "Perihelion Global plans to utilize the most proficient methods available for extracting precious metals and minerals and will entertain possible ventures that would further enhance the value of our precious metal and mineral assets."
Two principals of Saturday Night LLC, Brian Charlesworth and Dr. Patrick La Rive, will join Perihelion Global to serve in an executive management capacity.
Says Dr. Patrick La Rive, "I am very pleased with the rapid development of Perihelion Global and the proven team that John H. Beebe has assembled. Beebe's vision for Perihelion Global is steadily becoming reality. We are thrilled to become a part of this diverse company."
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy, Infrastructure, Engineering, Banking and Communications.
Website: www.perihelion.com
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