SECURITIES AND EXCHANGE COMMISSION
Washington, DC
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: October 10, 2000
GOLDEN EAGLE INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Colorado 0-23726 84-1116515
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
12401 South 450 East, Bldg. D2, Suite A, Salt Lake City, UT 84020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 619-9320
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Items 2 and 5. Acquisition of Assets and Other Events
Golden Eagle International, Inc. announced in a press release on October
10, 2000 that it has acquired two additional mining claims in the historical
Tipuani Gold Mining District, which together total 25,000 acres. Golden
Eagle's only obligation to retain these claims indefinitely is the annual
payment of $10,000 to the Bolivian government in claims patent fees. These two
newly acquired claims are in addition to 4,952 acres of claims containing the
Cangalli gold deposit that the Company has had under contract and has been
exploring for the past four years. These two new claims are also in addition
to recent land acquisitions surrounding the Cangalli gold claims totaling
44,046 acres made by the Company in November of 1999. As a result of these new
acquisitions, Golden Eagle now owns 100% of four mining concessions, free of
any royalty, totaling 69,046 acres, and has under a 25-year renewable contract
4,952 acres, for a total landholding in the Tipuani Gold Mining District of
73,998 acres.
Ronald L Atwood, Ph.D., former chief metallurgist for Newmont Mining, and
Golden Eagle's current Vice President for Operations, stated:
"It is my opinion, based on personal observation and the reports of our
staff geologists, that these newly-acquired 25,000 acres in the Tipuani
Gold Mining District overlay the ancient Paleo-Tipuani river system
refilled with gold-bearing cemented conglomerates. I have expressed to
Golden Eagle's board of directors that there are a number of promising
exploration targets for open pit prospects within the new claims and that
the gold mineralization is similar in every way to the mineralization
studied by Golden Eagle in the Cangalli claims."
Golden Eagle's President, Terry C. Turner, said:
"This large land acquisition is the last piece in Golden Eagle's strategy
to take a dominant land position in this venerable and highly productive
Tipuani Gold Mining District. Now, Golden Eagle is in the best condition
in its corporate history to finalize financing or joint venture
arrangements necessary to bring its Cangalli property into commercial
production."
Golden Eagle International, Inc. is a gold exploration and mining company
located in Salt Lake City, Utah. The Company is currently focusing its
efforts on developing its mining rights in the Tipuani Gold Mining District in
Bolivia. For more information about the Company, call Sabrina Martinez at
(801) 619-9320 Media inquires should also be directed to Ms. Martinez. Golden
Eagle can also be found at its website: www.geii.com, where management
recommends that all shareholders and prospective shareholders review its
Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current
Reports on Form 8-K.
The future conduct of Golden Eagle's business and its response to issues
raised by third parties are dependent upon a number of factors, and there can
be no assurance that Golden Eagle will be able to conduct its operations as
contemplated. Certain statements contained in this release using the terms
"may", "expects to," and other terms denoting future possibilities, are
forward-looking statements. The accuracy of these statements cannot be
guaranteed as they are subject to a variety of risks which are beyond Golden
Eagle's ability to predict or control and which may cause actual results to
differ materially from the projections or estimates contained herein. These
risks include, but are not limited to, the risks described in the above
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report; those risks set out in Golden Eagle's disclosure documents and its
annual, quarterly and periodic reports; and the other risks associated with
start-up mineral exploration operations with insufficient liquidity, negative
working capital, and no historical profitability. Golden Eagle disclaims any
obligation to update any forward-looking statement made herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: October 17, 2000 Golden Eagle International, Inc.
By: /s/ Terry Turner
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Terry C. Turner, President
