CAMBRIDGE, Mass., Nov. 16, 2011 /PRNewswire/ -- Markray Corp
(RVBR.PK) announced today that it has been granted
permission by the local regulatory agency to increase gold
production from the stockpile of reserves which contain 2,393,600
ounces of gold, 26,033,920 ounces of silver and 26,720 ounces of
platinum.
Local authorities agreed that the Company increase its
production of rare earth minerals form its stockpile of tailings.
This permits the Company to process as much minerals as possible.
Olga Smolnikova, President of
Markray Corp states, "Our goal is to increase production to 200,000
ounces of gold per year and then double this amount with the
addition of equipment.''
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:
Gold: 2,393,600 ounces
Silver: 26,033,920 ounces
Platinum: 26,720 ounces
Iron: 20,800,000
tons
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