NEW YORK, May 11, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine has just published exclusive interviews with executives from Homeland Precious Metals Corp. (OTCBB:HPMEF) and View Resources Ltd. (ASX:VRE) that spell out the ways that each -- one near the beginning of its career as an explorer, the other on the verge of active mining -- is positioning itself within the gold industry.
Both interviews are now available at www.wallstreetreporter.com in streaming audio, MP3, and text format -- all free of charge.
Bruce Johnstone, President and CEO of Homeland Precious Metals Corp. (OTCBB:HPMEF), tells Wall Street Reporter senior analyst Todd Santorelli that even though his company has yet to find its first ore body, it has already succeeded where plenty of competitors have failed.
"The Water Canyon play is our flagship property, a significant feather in our cap," he says. "Several other companies tried to get this asset and failed, but we were happy to acquire it and are ecstatic about doing so."
In addition, Mr. Johnstone informed the Wall Street Reporter audience about:
* The Water Canyon project's evocative position surrounded by million-ounce gold mines at the heart of Nevada's Battle Mountain Trend. * Additional properties in the Nevada Walker Lane Trend; all are easily accessible by road. "One of the nice things about all of our properties is that they sit alongside major highways," he says. "Aside from the geology, we are able to work them easily." * The advantages of having Newmont Mining Corp. (NYSE: NEM) as a strategic partner, especially when it comes to piggybacking any new mining activity off existing infrastructure. * The demonstrated mine-finding expertise of various individuals associated with the company.
On the other side of the coin, Tim Gooch, Managing Director of View Resources Ltd. (ASX:VRE), tells Santorelli that his company is "on time and on budget" to get its historical Bronzewing mine back online and pouring gold within the current quarter.
"The project is scheduled to deliver over 500,000 ounces over a four-and-a-half-year initial mine life and will deliver AUD100 million free cash for us," he says.
Mr. Gooch updated the investment community on the latest developments at his company, including:
* A recent revision of Bronzewing's reserve estimate, putting the project above the half-million-ounce level. Additional extensions "will be very much the prime focus" going forward as the company embarks on an "aggressive" new exploration program. * Progress toward a mining decision on a project in the Kambalda nickel belt, where the company is looking to get a 17,900-pound nickel resource back in play. * Western Australia's current mining boom and subsequent equipment shortage, and how View Resources' strategy of reconditioning existing mines allows it to get into production quickly, at a relatively low cost, and without complications. * The company's potential to evolve into a mid-tier mining house over the next few years.
"We have a massive number of aspiring juniors, of which we were one," he tells Wall Street Reporter. "We have the big multi-national set at the top of the food chain. In the middle, there is a big gap, which presents a great opportunity for View to get in there and take our place."
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About Homeland Precious Metals Corp.
Homeland Precious Metals Corp. is a resource exploration company with the objective of finding and developing high-grade, economical precious metals assets. Focused on the Americas, Homeland is led by a team of highly motivated, seasoned professionals with the experience necessary to advance the corporate objective. Through an evaluation process, properties from the United States, Canada, and Mexico are considered, based on project merit. Once selected, these properties provide the company with a portfolio of undeveloped assets that may have ore bodies with economic potential just waiting to be discovered. Based on the underlying geology, the close proximity of existing infrastructure, and where applicable, previously undertaken exploration, Homeland Precious Metals Corp. only considers properties that it feels has the best chance of yielding a viable ore deposit.
About View Resources Ltd.
View Resources Limited was incorporated in January 1986 and listed on the Australian Stock Exchange in April 2002. The company acquired the Carnilya Hill tenements in early 2003 and began mining later that year. Mining continued at Carnilya Hill until December 2005, when the mine was placed on care and maintenance. Mincor Resources farmed into the Carnilya Hill Nickel Project in late 2005 and has now met the conditions for earning a 70% stake. Mincor, as operators, plans to recommence mining operations at Carnilya Hill in late CY2007. In June 2004, View entered into an agreement with Newmont Mining to acquire the Bronzewing Gold Project for $9 million. The acquisition included the 2.3Mtpa processing facility (on care and maintenance), offices, camp, 386 koz gold resources and all exploration and mining tenements. View originally planned to re-open the mine as soon as practicable; however, higher operating costs forced these plans to be deferred in March 2005. Since this time, exploration has been ongoing and project enhancement initiatives investigated. In late 2006, the company obtained interim finance for Bronzewing from Investec Bank to progress development.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.