SAOL - Sao Luis Mining, Inc. (diamond mining) - Page 11

NEWS!!!

Tuesday, February 13 2007 4:35 PM, EST Sao Luis Mining Brazilian Diamond Property 231 Geological Surface Report Estimates 12.7 Million Carats of Diamonds With Approximate Value in Excess of $300 Million Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/07 -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL), a diamond mining and precious metals exploration company, reports that the geological report submitted to Brazil's Department of National Mineral Production (DNPM) in 2005 defined a surface resource of 12,695,000 carats with an average grade of 1.645 carats per cubic meter on its joint venture Property 231. At present market prices this resource could be conservatively valued at approximately $300,000,000 .
The geological report did not take into account the additional resources contained below the surface in three primary sources located at lower depths or even the secondary alluvial gravels deposited below the surface. This data, taken together with the recent results from the initial bulk sampling program now underway on the Company's adjacent joint venture Property 117, should significantly increase the total diamond resources on the two properties with a comparable increase in the estimated value of the property.
The first three bulk samplings of the alluvial gravels on Property 117 has already produced 673 carats of diamonds, including three gem quality diamonds exceeding 2 carats. Fifty percent of the diamonds recovered from this sampling averaged over half a carat per stone, and the grade reached 0.648 carats per cubic meter in one test area. This is considered a very high concentration of coarse diamonds. The overall grade is expected to increase as the work approaches the "stone line."
The Company will continue its ongoing evaluation of Property 117. This includes the ongoing drilling program to delineate the diamond bearing gravels, the analysis of the latest satellite reports, and continued bulk sampling. In addition, it ordered a second field processing plant that was scheduled for installation in early February. However, due to heavy seasonal rains, it should be installed in late February or early March.
In April, a pilot processing plant manufactured by Extrac-TEC with a 40 ton per hour capacity will be delivered to start production mining. This processing plant has the capacity to produce over 5,000 carats per month. Once it has proven to be efficient, at least one additional processing plant with 100 ton per hour capacity will be ordered, which could increase the production capacity to 15,000 carats per month.
About Sao Luis Mining:
Sao Luis Mining, Inc. is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website www.saolmining.com.
Forward-Looking Statements:
This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:

Jack Lake
(702) 990-3797
jlake@saolmining.com
http://www.saolmining.com

SAOL seems to channel regularly from .40- .55 area. It has settled down since the last PR which had insanely high volume to .39 and today it is getting a lot of volume again up 12% at .44
The last time the volume spiked, it was one day before a big PR, I think someone is leaking news. There was also a hard brochure mailer sent out in that time period. This stock rocketed to 2$ 5 months ago and diamond mining in the 2nd piece of land is set to begin in March. This stock is good for short and long term investment. Do your own DD, good luck

SAOL is one of Willy Wizard's most liked stocks and expects it to take care of itself in time.

Down alot today with huge volume

This thread is pretty old but has a lot of good DD.
Many recent events like the aquisition of a 2nd diamond property you can find on yahoo symbol saol.pk

Diamond mining stock with 2 large properties confirmed to have estimated 300 million in unmined diamonds. 2nd property is starting to be mined soon. 52 week high was over 2$ in October. Less than 50 mil shares O/S and market cap of 12.8 million. Stock is a low floater but moves huge on PR.

Dropped a lot yesterday and bottomed today at .29 and working its way back up to mid .40's

Don't miss this one, but take your time to do DD before you purchase.
Good stock to watch, too cheap right now to pass up.

New CEO who actually has a history on the big boards and experience with startups and mergers. Good for the future growth and possible aquisitions.

News out it should soar today!

Sao Luis Mining Appoints an Internationally Regarded Business Executive and a Diamond Industry Marketing Expert to Its Board of Directors

LAS VEGAS, NV, Mar 02, 2007 (MARKET WIRE via COMTEX) -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL) ( http://www.saolmining.com ), a "conflict free" diamond mining and precious metals exploration company, has named Stephan P. Mueller, who has held senior executive management positions with such well known companies as Eurocellular, Apple Computer Europe and Reuters Switzerland, and Louis Pearl, G.G., a graduate Gemologist, with considerable diamond marketing and sourcing expertise, to its Board of Directors.

"We are delighted that both these renowned professionals will serve on the Board of Directors," says Michael J. Dillon, the Company's President and Chairman. "Mr. Mueller's international business and financing expertise, coupled with his understanding of and contacts in the world's public securities markets, will be of inestimable value to our Company. In turn, Mr. Pearl's expertise in all aspects of diamond sourcing, marketing and merchandising, will provide us with important inroads within the diamond industry."

Stephan P. Mueller, an internationally regarded business executive with more than 20 years of senior executive management positions as CEO, CFO, COO in several international companies. This includes: CEO of Eurocellular and Commercial Director for Apple Computer Europe (Europe, Central & Eastern Europe, Middle East and Africa) with P&L responsibility for $2 billion (USD) in sales. He served as CEO and a member of the Board of Directors of Apple Computer Ltd., Switzerland. Prior to this, he was General Manager, Industrade Ltd., Wallisellen, Zuerich (Apple products), and COO of Pelikan International Corp with a turnover of CHF 1 billion. Mr. Muller also served as the CFO/COO of Reuters Ltd., Zuerich, Switzerland. He is a graduate of the Federal Institute of Technology, Zuerich (ETH Zuerich) in Construction Engineering and the prestigious University of Zuerich, Switzerland, where he was awarded a degree in Business Economics

Louis Pearl, G.G. (Graduate Gemologist) has over 30 years of extensive experience in the diamond industry encompassing all aspects of buying, selling, and sourcing diamonds. He is especially skilled at working with manufacturers, wholesalers and major retail chains. Currently he is President of Lad Diamond, LLC, a Los Angeles, California-headquartered international diamond wholesaler that is an affiliate of L.P. Diamond & Gem Corp. Prior to this he served as President of L.P. Diamond & Gem Corp., an import firm that specialized in the sales of loose diamonds to large retail chain stores. Previously he was President of L.P. Diamond Co., a diamond broker that primarily sourced and sold diamond goods to manufacturers, wholesalers and retail chains. He began his management career as West Coast Regional Sales Director for Fabrikant & Co., a major diamond and jewelry manufacturer and wholesaler.

About Sao Luis Mining:

Sao Luis Mining, Inc. (PINKSHEETS: SAOL) is a "conflict free" diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website http://www.saolmining.com.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


Contact:

Michael J. Dillon
(775) 782-9157
mdillon@saolmining.com
http://www.saolmining.com

SOURCE: Sao Luis Mining, Inc.

mailto:mdillon@saolmining.com
http://www.saolmining.com


Copyright 2007 Market Wire, All rights reserved.

Chart is starting to look ripe for an uptrend.

SAOL Heads up people

This looks like a potential winner, check it out. Looks legit thus far.



Press ReleaseSource: Sao Luis Mining, Inc.

Diamond Mining Begins With Permanent License at Sao Luis Mining's JV Property 231 in Brazil
Thursday November 29, 7:00 am ET

7 Large Diamonds Recovered in the First Week of Production With Largest Stone Weighing 12.01 Carats

GARDNERVILLE, NV--(MARKET WIRE)--Nov 29, 2007 -- Sao Luis Mining, Inc. (Other OTC:SAOL.PK - News) (Frankfurt:F5G.F - News) has begun limited production diamond mining on its Joint Venture Property 231, after having been issued the Guia de Utilização on October 30, 2007 from the Department of National Mineral Production (DNPM). The Guia allows the Company to operate under its Portaria De Lavra, which is a permanent mining license.

The Portaria and the environmental license of operation (LO) were approved earlier this year from the DNPM and SEMA. Mining began during the first week of November with the Company's mobile plants. Seven large gem and near-gem diamonds that weighed 1.89 carats or more were recovered in the first week of operation. The largest stones weighed 1.89, 1.90, 2.07, 3.63, 4.12, 6.44, and 12.01 carats respectively.

"The recovery of larger, more valuable diamonds will enhance the overall value of our ore and should significantly increase our bottom line," says Michael J. Dillon, Sao Luis Mining's President and Chairman. "With the formal receipt of our permits from Brazil's government agencies, we will be able to rapidly accelerate to full production with the arrival and installation of our Dense Media Separation plant."

Dense Media Separation (DMS) Plants provide the most efficient recovery levels for diamonds. Sao Luis Mining's DMS plant is being custom built in South Africa with a feed capacity up to 150 tons per hour. Based on the historical grade of Property 231, the Company anticipates that diamond production should increase up to 1,000 carats a day working 20 hours a day.

About Sao Luis Mining:

Sao Luis Mining, Inc. (Other OTC:SAOL.PK - News) (Frankfurt:F5G.F - News) is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin with their joint venture partner, SL Mineradora LTDA. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website www.saolmining.com.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


Contact:

Contact:

Michael J. Dillon
(775) 782-9157
mdillon@saolmining.com
http://www.saolmining.com

SAOL Press Release-Diamond Play-

Press Release Source: Sao Luis Mining, Inc.


Diamond Mining Begins With Permanent License at Sao Luis Mining's JV Property 231 in Brazil
Thursday November 29, 7:00 am ET


7 Large Diamonds Recovered in the First Week of Production With Largest Stone Weighing 12.01 Carats


GARDNERVILLE, NV--(MARKET WIRE)--Nov 29, 2007 -- Sao Luis Mining, Inc. (Other OTC:SAOL.PK - News) (Frankfurt:F5G.F - News) has begun limited production diamond mining on its Joint Venture Property 231, after having been issued the Guia de Utilização on October 30, 2007 from the Department of National Mineral Production (DNPM). The Guia allows the Company to operate under its Portaria De Lavra, which is a permanent mining license.
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The Portaria and the environmental license of operation (LO) were approved earlier this year from the DNPM and SEMA. Mining began during the first week of November with the Company's mobile plants. Seven large gem and near-gem diamonds that weighed 1.89 carats or more were recovered in the first week of operation. The largest stones weighed 1.89, 1.90, 2.07, 3.63, 4.12, 6.44, and 12.01 carats respectively.

"The recovery of larger, more valuable diamonds will enhance the overall value of our ore and should significantly increase our bottom line," says Michael J. Dillon, Sao Luis Mining's President and Chairman. "With the formal receipt of our permits from Brazil's government agencies, we will be able to rapidly accelerate to full production with the arrival and installation of our Dense Media Separation plant."

Dense Media Separation (DMS) Plants provide the most efficient recovery levels for diamonds. Sao Luis Mining's DMS plant is being custom built in South Africa with a feed capacity up to 150 tons per hour. Based on the historical grade of Property 231, the Company anticipates that diamond production should increase up to 1,000 carats a day working 20 hours a day.

About Sao Luis Mining:

Sao Luis Mining, Inc. (Other OTC:SAOL.PK - News) (Frankfurt:F5G.F - News) is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin with their joint venture partner, SL Mineradora LTDA. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website www.saolmining.com.

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.