MOSCOW, Aug. 25, 2011 /PRNewswire/ -- Markray
Corp, (RVBR.PK) MARKRAY CORP announces its acquisition of
Markray JSVC which has the rights to process twenty five percent of
the tailings situated near Moscow.
These stockpiles are formed by the stocking of rejected materials
by chemical companies that did not have as their activities the
extraction of rare earth minerals which include mostly gold,
silver, platinum as well as iron. Furthermore, as a result of
decades of inefficient mining , an enormous amount of technogenic
stockpiles have accumulated and have become a source of gold,
silver and platinum through re-mining. However, almost no Russian
companies have turned their attention to working these established
stockpiles which represent a great opportunity to new
entrepreneurs. Technology is now available which allows for the
recovery of gold, silver and platinum as well as iron from material
that was stockpiled or mined using older technology.
A geological audit of the reserves of rare earth minerals on the
Company's site was done by the Central Research Institute of
Geological Prospecting for Base and Precious Metals. It is the
largest firm that does geological studies in Russia and it has clients throughout the world
from China to Canada and the USA. The audit reports the mineral content on
the property as follows:
- Gold :
68 tons
- Silver: 739.6
tons
- Platinum: 3.6 tons
- Iron: 20,800,000 tons
The major advantageous of processing these deposits is that the
material is already prepared having been lifted from the earth. The
savings are enormous.
Initially the Company has the equipment to process one million
tons of material per year but it is presently adding new equipment
to increase the output at least 5 times the initial operations. It
is now using one modular factory to be increased substantially.
Contact: Andrey Smirnov
asmirn@newmail.ru
Forward-Looking Statements
This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this press release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include the fluctuations in the price of gold and in the event of
severe weather conditions. These forward-looking statements are
made as of the date of this news release, and the Company assumes
no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the
Company believes that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate.
SOURCE Markray Corp
