Double Crown Resources Acquires Controlling Interest of Major Gold, Silver and Minerals Property in The Puebla Region of Mexico
October 05 2016 - 10:38AM
InvestorsHub NewsWire
HENDERSON, NV --
October 5, 2016 -- InvestorsHub NewsWire -- Double Crown Resources,
Inc. (DDCC),
today announces that at the request of our international precious
metals customers, and after months of extensive due diligence
and negotiations with mine owners in Mexico, Peru, Ecuador,
Guatemala and other countries, the company has now entered
into a binding participation agreement for
controlling interest of a major gold, silver and
minerals property in Mexico's Puebla region. Earlier in
2016 Double Crown established working relationships and contracts
with international gold buyers for high volume shipments. With
the acquisition of the Puebla mineral rights at this
time, Double Crown will be able to greatly accelerate this
business. Historically, the Puebla region mines have
yielded an abundance of precious metals resources.
Double Crown intends to use these resources for the fulfillment
of multiple high value supply projects over the next
several years. Double Crown is committing to invest up to
$1,000,000 towards the funding of the Puebla mining
acquisition.
The
first phase of operations will be to immediately begin
processing on a large supply of available gold tailings.
Double Crown management anticipates that new revenue flow from the
gold tailings processing and sales will begin within 60
days. This process will employ a new technology that is
environmentally safe (green) and gives a higher yield of the
precious metals. The representative for the mineral rights
partnership has stated that he is very much in favor of this
new green processing method as it will help protect the environment
as well as stimulate the local economy.
In
conjunction with this signed agreement, Double Crown is currently
laying out plans to set up complete production operations at the
established mining sites in Mexico. Double Crown will be
sending a team to the region to immediately begin
the initial gold tailings processing phase of the plans
and then concentrate on other operations. Longer
range objectives include employment of the
advanced Translock² commodity transport system to maximize
efficiency and improve safety, time and environmental standards.
Further announcements will be made as we go
forward.
About
Double Crown Resources, Inc.
Double Crown Resources, Inc. is a publicly traded company in the
natural resources industry. In addition to our minerals and
global commodities supply business, we market the patent-pending,
multi-advantage container system called Translock² (Translock
Squared). This system is designed for highly efficient, economical
and environmentally friendly shipment of aggregate commodities.
Additionally, we hold a 100% interest in the Bateman gold and
nickel prospect near Thunder Bay, Ontario, Canada. Double Crown
Resources, Inc., originally founded in 2006, is based in Henderson,
NV with marketing offices in Houston, TX.
Neither this press release nor any related calls or discussions
constitutes an offer to sell, or the solicitation of an offer to
buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements
in this press release. This press release contains forward-looking
statements that involve risks and uncertainties. Words such as
"will," "anticipates," "believes," "plans," "goal," "expects,"
"future," "intends," and similar expressions are used to identify
these forward-looking statements. Such forward-looking statements
include risks and uncertainties, and there are important factors
that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors, risks and uncertainties are discussed in the Company's
annual report on Form 10-K for the year ended December 31, 2014 as
updated from time to time in our filings with the Securities and
Exchange Commission. The Company is not responsible for updating
the information contained in this press release beyond the
published date, or for changes made to this document by wire
services or Internet services. For further information about Double
Crown Resources, Inc., please refer to its website
at http://www.doublecrownresources.com.
Double
Crown Resources, Inc.
Jerold S. Drew, CEO & Chairman of the Board
10120 S. Eastern Ave. Suite 200
Henderson, Nevada 89052
Phone: (707) 961-6016
Email: info@doublecrownresources.com