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May 27, 2009 - TORONTO, CANADA - Converge Global, Inc.

(PINK SHEETS: CVRG) is pleased to provide historical assay results and further details on the Benson Lake Gold Property. The Benson Lake Gold Property, consisting of 19 claims and 105 units, is situated in Skead Township 12 miles southeast of Kirkland Lake, Ontario, Canada. The Kirkland Lake Mining Area is considered to be the number one gold mining area in Ontario.

Historical Assays on the Benson Lake Gold Property
In 1993, grab samples of sulphide stringer veins were taken. The sample rock types included dacite breccia, massive dacite and minor massive andesite. The dacite breccia unit appeared to consist of a northeasterly trending flow, with massive dacite flows to the north and similarly to the south. Numerous faults and fractures trend easterly and northeasterly. The breccia, and less commonly the massive dacite, was crossed by narrow, sulphide bearing stringers containing massive to semi-massive pyrite, chalcopyrite, and arsenopyrite. These stringers contained gold with assay results as high as 5.8 oz/ton.

High-grade gold values in narrow semi-massive pyretic veins were also previously identified on the Benson Lake Gold Property in 1994. Limited surface stripping, sampling and shallow diamond-drilling indicated that significant gold values were present in narrow pyritic veins or breaks in a variety of tuffaceous rock units but commonly in brecciated structures enriched with sulphides. The highest values obtained in these drill samples were 1.69 oz Au/1.5 feet and .248 oz Au/3 feet.
A summer diamond-drilling program on the Benson Lake Gold Property to be supervised by C.G. Cheriton, P.E. Eng. is currently being considered.

Converge Global, Inc. is also pursuing additional acquisitions and joint venture opportunities with producing mining operations, as well as exploration properties, in North and South America.

 

If you're a beginner in the UK, here is a basic description of the main stocks & shares terms you might hear:

SHARE - a stake in a company's assets. Depending on the number of shares the shareholder has they can have a lot of influence via voting rights on corporate business in the AGM


ASSETS - include cash in hand, property, raw materials and work in hand.


STOCKS
COMMON STOCK - is a unit of ownership which can carry corporate voting rights.


PREFERRED STOCK - a unit of ownership which does not carry voting rights but the owner is legally entitled to receive a certain level of dividend payment.


STOCKS AND OPTIONS - contract between buyer and seller that gives the buyer the right to buy a particular asset at a later date at an agreed price. In return, the seller collects a premium. There is however no obligation to buy.


PENNY STOCKS - a penny stock is a unit of ownership with a market price of below 1 unit of the local currency. Can rise steeply and drop steeply so keep a close eye on them.


DIVIDEND - is a proportion of profits paid to sha

 


 

 
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