Exit Only, Inc. (PINKSHEETS: EXTO) today announced that its
recently acquired Bayport Corporation wholly owned subsidiary,
Cosmic American Rare Earth (CARE), Inc. has acquired the mineral
claim rights of the Spring Sage Claims located in Sage Valley
within the Salt Lake Meridian Township, Utah for 10,000,000
restricted shares. These claims can be found within the U.S.
Department of the Interior Bureau of Land Management (BLM) database
under the BLM's Land & Mineral Legacy Rehost 2000 System
(LR2000) for Utah under its subsidiary CARE, Inc. and other claims
information below:
Serial Number Quad Claim Name Claimant Case Type Section
------------- --------- ---------- ---------- --------- ---------
UMC410712 SE SPRING SAGE CARE, INC. 384201 011
UMC411607 SW SPRING SAGE II CARE, INC. 384201 011
UMC411608 NW SPRING SAGE III CARE, INC. 384201 011
UMC411609 NE SPRING SAGE 4 CARE, INC. 384201 011
The Spring Sage claims are also placer deposits which allows for
a more simple process of mining to be executed versus lode mining.
The Spring Sage Claims account for 640 acres from assay results of
5 samples posted on Table 7 within an analysis done for the Utah
Geological Survey by Chemix Labs in Sparks, NV. The Sample Numbers
for the Spring Sage Claims are S-24, S-26, SV-2, SV-3, and
SV-4.
As defined by the International Union of Pure and Applied
Chemistry (IUPAC), Rare Earth Elements (REEs) are made up of a set
of 17 chemical elements within the Periodic Table of the chemical
elements. These 17 elements are La (Lanthanum), Ce (Cerium), Pr
(Praseodymium), Nd (Neodymium), Pm (Promethium), Sm (Samarium), Eu
(Europium), Gd (Gadolinium), Tb (Terbium), Dy (Dysprosium), Ho
(Holmium), Er (Erbium), Tm (Thulium), Yb (Ytterbium), Lu
(Lutetium), Sc (Scandium), and Y (Yttrium).
Within the U.S. Department of the Interior U.S. Geological
Survey (USGS), a Scientific Investigations Report was done in 2010
indicating REE concentrations totaling 206.1 ppm from Mason and
Moore in 1982; 205.2 ppm from Jackson and Christiansen in 1993;
159.9 ppm from Sabot and Maestro 1995; 184.3 ppm from Wedephol in
1995; 242.17 ppm from Lide in 1997; and McGill being as high as
214.9 ppm as indicated within Table 1 on page 5 of this Scientific
Investigations Report. According to this report done by the USGS,
the estimated average concentration of the REEs in the Earth's
crust that ranges from around 150 to 220 parts per million (ppm),
exceeds that of many other metals that are mined on an industrial
scale:
http://pubs.usgs.gov/sir/2010/5220/pdf/SIR2010-5220.pdf#page=43
From the Spring Sage Claims, mineral results from the indicated
samples of Rare Earth Elements (REEs) in the crustal abundance of
parts per million (ppm) are listed below:
Sample Number Total Parts Per Million (ppm)
S-24 179.5 ppm
S-26 241.6 ppm
SV-2 250.5 ppm
SV-3 161.8 ppm
SV-4 145.4 ppm
The WOW claims are also located in Sage Valley in the Salt Lake
Meridian Township completely adjacent to the Spring Sage claims
within Utah. The WOW claims can be found within the U.S. Department
of the Interior Bureau of Land Management (BLM) database under the
BLM's Land & Mineral Legacy Rehost 2000 System (LR2000) for
Utah under its subsidiary CARE, Inc. and other claims information
below:
Serial Number Quad Claim Name Claimant Case Type Section
------------- --------- ---------- ---------- --------- ---------
UMC409842 SW SE WOW CARE, INC. 384201 005
UMC409842 SE WOW CARE, INC. 384201 006
UMC409842 NE NW WOW CARE, INC. 384201 008
The WOW claims, along with the Spring Sage claims, also brought
about a concentration of REEs that exceeded the minimum standards
for the estimated average concentration of the REEs that are
required by many other metals that are mined on an industrial
scale. The WOW Claims account for 120 acres from assay results of
two samples posted on Table 7 within the analysis done for the Utah
Geological Survey by Chemix Labs in Sparks, NV. The Sample Numbers
for the WOW Claims are S-29 and S-38. From the WOW Claims, its
mineral results from the indicated samples of Rare Earth Elements
(REEs) in the crustal abundance of parts per million (ppm) are
listed below:
Sample Number Total Parts Per Million (ppm)
S-29 357.3 ppm
S-38 335.9 ppm
Sample Number S-29 reflected the highest indication of REEs with
a total of 357.3 ppm. In addition to these respectable levels of
REE's in Sample Number S-29, significant levels of gold was found
in the previously announced assay report done by Advanced
Laboratories, Inc. under LAB NO. 30255-01 that reflected .324
ounces of gold per ton. The close proximity of this WOW claims
assay report being directly adjacent to the Spring Sage claims
suggest this gold assay to be consistent throughout the entire area
since being volcanic placer deposits.
Silver and platinum were also present within this assay report,
returning .277 and .005 ounces per ton respectively that we believe
can be extracted at the same time of the gold extraction. To add,
an Environmental Analysis was done by Enviropro Laboratories on
Sample Number S-29 where the Analytical Test Results reflected a
respectable amount of Titanium at 8430 ppm per ton within its
magnetite sample.
President of Bayport James L. Porter was quoted as saying, "We
are all excited over this latest acquisition. Both the Spring Sage
and WOW claims were originally chosen for the significant amount of
Rare Earth Elements (REEs) that we believe are present, but having
good amounts of gold and silver within the claims is an added plus.
Having REEs totaling above the USGS standard of 150 to 220 parts
per million ranges from both claims, exceeds that of many other
metals that are mined on an industrial scale."
Bayport is currently negotiating with several mining companies,
Investment Institutions, and individuals to increase our presence
in the mining community. Rare Earth and precious minerals and
metals are very strategic and critical for the United States
military, defense welfare and many new inventions. More details
will be released when available to further explain Bayport
Corporation's interests in other newly acquired gold and REE
properties to include other advancements from the company
concerning their Sea Food and oil and gas operations. Assays,
Geological Surveys, and other mining related information about the
Spring Sage and WOW claims will be posted on the company's website.
The company has a team in place to get the company current with
OTCmarkets.com and to update all issues needing administrative
attention.
About Bayport Corporation
Bayport Corporation is a company formed to exploit the various
precious minerals in the U.S. and Canada and to acquaint the public
with practical investment opportunities in strategic metals and
minerals. Bayport Corporation is a multi-faceted holding company
active in strategic metals and precious minerals, energy
production, wholesale seafood sales, natural foods processing,
health and beauty products. The company is primarily focused on
precious metals, rare earth, and other critical strategic metals.
Bayport Corporation is developing mining properties with economic
potential and the aim of bringing such properties to commercial
production. The company's portfolio of properties is primarily
located in the prolific western USA in Nevada, Utah, Colorado, and
Wyoming.
www.bayportcorporation.com
Cautionary Note Regarding Forward-Looking Statements
This press release and the statements of representatives of Exit
Only, Inc. (the "Company") related thereto contain, or may contain,
among other things, "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact included
herein are "forward-looking statements," including any other
statements of non-historical information. These forward-looking
statements are subject to significant known and unknown risks and
uncertainties and are often identified by the use of
forward-looking terminology such as "guidance," "projects," "may,"
"could," "would," "should," "believes," "expects," "anticipates,"
"estimates," "intends," "plans," "ultimately" or similar
expressions. All forward-looking statements involve material
assumptions, risks and uncertainties, and the expectations
contained in such statements may prove to be incorrect. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results (including, without limitation,
Bayport's ability to advance its business, generate revenue and
profit and operate as a public company) could differ materially
from those stated or anticipated in these forward-looking
statements as a result of a variety of factors, including factors
and risks discussed in the periodic reports that the Company files
with OTC Markets (Pink Sheets). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. The Company
undertakes no duty to update these forward-looking statements
except as required by law.
CONTACT: Investor Relations Briggs Smith 813-438-5225 Email
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