Crowne Ventures, Inc. Announces Details of Gold and Silver Mining Leases
(firmenpresse) - LAS VEGAS, NV -- (Marketwire) -- 09/12/11 -- Crowne Ventures, Inc. (PINKSHEETS: CRWV) is pleased to announce certain details of the mining lease which it recently entered into with World Investments of Mexico for the Gallo de Oro and Oro de Rojas properties located in the Tecuala Mining District in the State of Nayarit, Mexico. Initial discussions for future acquisitions are also continuing to move forward in a positive manner.
The executed Lease Agreement satisfies and secures the first Tecuala Mining District claims previously announced and allows Crowne Ventures to invest in the production and further exploration of these claims.
For its production investment, Crowne Ventures will receive a 50% interest in the net smelter returns for a period of five (5) years, with a renewable lease clause. Field estimations of available tonnage of ore indicate approximately 9.5 million tons, which equates to at least thirty (30) years of production capabilities.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
For Further Information Contact:
Investor Relations
Crowne Ventures, Inc.
310-461-3703
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Datum: 12.09.2011 - 20:55 Uhr
Sprache: Deutsch
News-ID 65054
Anzahl Zeichen: 7721
contact information:
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LAS VEGAS, NV
Kategorie:
Mining & Metals
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