Venturenet Capital (CE) (USOTC:VNTN)
Historical Stock Chart
From May 2019 to May 2024
VentureNet Capital Group, Inc. (Pink Sheets:VNTN)
announced today that its joint venture gold mining project with West
Desert Gold Mines, Inc. and Universal Mud should be in production in
February of 2008.
The mining project is the Willow Creek Placer Mine in Humboldt County,
Nevada. It is over 400 acres of deeded land with three recycling ponds
containing an estimated 400,000 tons of tails and mud to be processed by
Universal Mud. The assays show 3-5 oz. of micro gold per ton, according
to over 20 tests that have be completed in the area.
Universal Mud estimates 100 ton per hour, or 1,000 tons per day in
production for the first 2-3 months and then upgrading the recovery to
double or triple the volume.
Universal Mud will run the entire operation and provide their placer
recovery system for 40% of the net metal recovered. VentureNet Capital
Group should realize $3,000.00 per day from their 30% interest and West
Desert Gold Mines, Inc. will receive 30% for management and oversight
consulting.
Additional working capital necessary to make this project commercially
viable and successful must be arranged before production can begin as
well as payment of the option money for the mining claim. If financing
is not arranged the project will not get into production.
About VentureNet Capital Group
VentureNet Capital Group is a business consulting and management company
that provides capital information, media services, advertising and
marketing as well as funding to public and private companies. The
company specializes in helping with funding public businesses that
represent emerging growth opportunities as well as established companies
that demonstrate potential for long-term capital growth. VentureNet
produces a radio talk show called wallstreetnewshour.com, and
co-produces a national television show filmed on the floor of the
American Stock Exchange called Let's Talk Stock, to help profile public
companies to the capital markets. VentureNet also markets JIAN business
software at www.jian.com/a/mkb123.
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the securities Act of
1933, and are subject to Rule 3B-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this release,
including, without limitation, statements regarding potential future
plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and other results and further
events could differ materially from those anticipated in such
statements. Technical complications that may arise could prevent the
prompt implementation of any strategically significant plan(s) outlined
above. The company cautions that these forward-looking statements are
further qualified by other factors. The company undertakes no obligation
to publicly update or revise any statements in this release, whether as
a result of new information, further events or otherwise.