ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ZNXT ZNext Mining Corporation Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
ZNext Mining Corporation Inc (CE) USOTC:ZNXT 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% 0.000001 0.00 00:00:00

AZHA Mining Gold Rush ~ Estimated Grade of 40+ Grams of Gold Per Ton of Ore

07/07/2009 2:18pm

Marketwired


ZNext Mining (CE) (USOTC:ZNXT)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more ZNext Mining (CE) Charts.

AZHA Mining (formerly ZNext Mining) (PINKSHEETS: ZNXT) (OTC Preferred: ZNXPP) announces today that it is participating in the ongoing gold rush having a grade of more than 40+ grams of gold per ton of ore located in the Philippines. The Gold rush site is only 3 kilometers from the town proper, with the access road going to the mine site that is located in Southern Luzon, just northeast of XYZ Gold Rush in Masbate and the Bukidnon Gold Rush Projects in Mindanao Island. To protect the confidentiality signed with the land claimant, the specific site cannot be disclosed.

AZHA had entered into a working alliance in a profit sharing agreement with the small scale miners land claimant and owner. AZHA is capitalizing the mining operations to provide the necessary small scale gold mining equipment and working operations. This net profit sharing has been practiced since Pre World War I among the Filipino small scale miners.

AZHA as the financier receives 12 shares, the Miners (24 people) receive (1 share each) 24 shares and the Land Owner receives 2 shares, to give a total of 38 Shares.

CALCULATIONS: Assuming: Initial Investment of $25,000.00 USD, on 50 tons of ore per month recovery:

--  40 grams Au/ metric ton x 50 tons ore per month = 2 kilograms refined
    gold = about $57,447.00 USD Gross Income per month

--  Less working operations or consumables = $10,638.00 USD per month

--  Total Net = $46,809 per/month

--  $46,809 divided by 38 shares = $1,231.82 X 12 shares = $14,782.00 per
    month
    

The ROI -- Return On Investment of AZHA's initial investment will be recovered within 2 months after the full blown mining operations which started this month. Thereafter, all are net profits and income to AZHA Mining.

AZHA is using this small scale mining operation for immediate revenue-making during this year 2009. The revenues to be generated are just icing on the cake, in addition to the pending issuance of the large scale mining permit for the XYZ Gold Rush. AZHA is soon to start the full operations and rehabilitations of the XYZ Gold Rush, while the XYZ Gold Team is constructing the specific ore crushing plant on the approximately 3/4 hectare of the wholly owned land bought by AZHA Mining recently. In the meantime, AZHA continues the construction of the copper floatation enhancement device to the existing C-I-L Gango Gold Processing Plant in Bukidnon.

ABOUT THE COMPANY

AZHA Mining Corporation, Inc. is a mining company engaged in the exploration, development and commercialization of new and underdeveloped mine sites. The company focuses primarily in the mining and production of gold, silver and other precious metals. AZHA Mining was assigned the 100% interest of the twelve (12) mining claims in British Columbia, Canada. Additionally, AZHA was assigned the 100% of PEARL's Mineral Production Sharing Agreement (MPSA) for the issuance of the large scale mining permit, that was filed in Region V in 2004; These include all of PEARL's Assets such as gold-silver mining and other mineral explorations, development and production.

FORWARD STATEMENTS;

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs, mining and development risks; the risk of commodity price fluctuations; political and regulatory risks, and risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Investor Relations Luis Madamba Phone # USA: (888-498-0001) FAX: (888)-588-0854 e-mail: Email Contact

1 Year ZNext Mining (CE) Chart

1 Year ZNext Mining (CE) Chart

1 Month ZNext Mining (CE) Chart

1 Month ZNext Mining (CE) Chart