SCOTTSDALE, Ariz., Feb. 24, 2015 /PRNewswire/ -- Aurum
Resource and Asset Management Inc. (OTCPK: ARMI) ("Aurum
Resource and Asset Management Inc.," "ARMI" or the "Company") ARMI
today is very pleased to announce that the Company is preparing to
commence an exploration program on its first project in the gold
sector. This inaugural project is located in Southwest Arizona, within a prolific,
historical mining district. Past production in the area has
amounted to in excess of 600,000 ounces, within close proximity to
the Company's claims and holdings.
Aurum has completed a surface site inspection that has confirmed
the potential for the claims to host a significant resource of gold
bearing, placer and alluvial gravel from surface to an unknown
depth. It will be the focus of the Phase 1 exploration program to
evaluate these deposits, by excavating trenches, drilling surface
holes and extensive sampling of the gold bearing gravels. The
Company believes the claims contain enough pay gravels to host a
commercial viable gold production operation. Once the Phase 1
program has been completed, the Company intends to commission a
third-party engineering report compliant with the various
regulatory agencies that will calculate the contained ounces, grade
and tons of gold bearing material.
Aurum will, when the first set of results have been received and
evaluated by Company geologists and engineers, report to stake
holders the findings. The Company is also pleased to inform the
public of our new website www.armigold.com where we will post press
releases and highlights of the Company.
About Aurum Resource and Asset Management Inc. (OTCPK:
ARMI)
ARMI is a mining exploration and development Company whose
business strategy is to identify qualified gold projects that meet
its corporate mandate of being a potential low cost producer of
less than $600 per ounce. The Company
operates from its offices in Scottsdale,
Arizona. Visit us at: www.armigold.com
There are many small deposits in the gold sector that do not
meet the requirements of the large gold companies. ARMI has
identified a niche market whereby small, low cost deposits can be
mined profitably at less than $600
per ounce. ARMI is concentrating on gold deposits in the
500,000 to 1,000,000 ounce range that can be explored and upgraded
to compliant reserve engineering status then marketed for sale or
co-venture retaining value to ARMI by way of overriding royalties
and retained interest in production.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, scope
and type of consulting services provided by ARMI, use of proceeds,
future acquisitions, success of projects, growth and strategic
plans. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
petroleum exploration and development stage exploration companies.
These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K for the most recent fiscal year, our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Aurum Resource and Asset Management Inc.
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Shane Lowery
President, C.E.O.
Investor Relations:
+1-928-927-5062
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SOURCE Aurum Resource and Asset Management Inc.