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.