CAMBRIDGE, Mass., Oct. 3, 2011 /PRNewswire/ -- Markray Corp
(RVBR.PK) announced today that it has filed a formal
application with the local regulatory agency for its permission to
increase gold production from the above ground stockpile of
reserves which contain 2,393,600 ounces of gold, 26,033,920 ounces
of silver and 26,720 ounces of platinum.
According to the company, local authorities need to approve the
increase in production due to the requirements of resources such as
electricity and water etc. The approvals are expected to be
received on or before October 12,
2011. "The current price of gold, silver and platinum being
so high, it is our decision to process as much as possible of the
stockpile and immediately increase revenue and profit for our
shareholders," said Olga Smolnikova,
President of Markray Corp. "Our goal continues to focus on
increasing production to 200,000 ounces of gold per year," further
added Olga Smolnikova.
About Markray
Markray is in the business of extracting precious metals
from stockpiles of raw material. A geological audit of its
current reserves concludes that there are the following
minerals in the stockpile currently being processed:
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Gold:
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2,393,600 ounces
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Silver:
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26,033,920 ounces
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Platinum:
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26,720 ounces
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Iron:
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20,800,000 tons
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The company plans to acquire additional facilities to increase
its reserves. Each facility shall be processed by a unique modular
plant.
Contact:
info@markraycorp.com
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
