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MNGG Mining Global Inc (PK)

0.0002
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mining Global Inc (PK) USOTC:MNGG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0002 0.0002 0.0002 0.00 01:00:00

Mining Global Releases Assay Results from Congress Contract

14/07/2014 12:08pm

PR Newswire (US)


Mining Global (PK) (USOTC:MNGG)
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WICKENBURG, Ariz., July 14, 2014 /PRNewswire/ -- Mining Global, Inc. (OTC Pink: YTRV) announced today that it has released the assay results from the ore it recently processed from the Congress Mine contract.  The Company successfully processed approximately 70 tons of ore in the last week out of which it has claimed nearly seven ounces of gold weight. This corresponds with assay results indicating from 0.05 to 0.1 ounces of gold per ton.

"After a hard week's work, this test will be the model for what we can expect when we hit full capacity," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "Having this news shows everyone we did make the right decision in moving forward with the Congress contract."

The Company plans to process as much as 250,000 tons of material from the Congress contract, which could produce as much as 12,500-25,000 ounces, if the assay numbers hold constant. With gold prices in the $1,300 range, this scenario could yield the Company a windfall of revenue in the $16,250,000-$32,000,000 range.

Disclosures can be found on the Company's online disclosure portal at: http://www.otcmarkets.com/stock/YTRV/filings

About Mining Global Inc.

Mining Global's objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global's management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.

Forward-looking statements:

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

SOURCE Mining Global, Inc.

Copyright 2014 PR Newswire

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