CAMBRIDGE, Mass., Sept. 14, 2011 /PRNewswire/ -- Markray Corp
(RVBR.PK, the "Company") announces that, following the increased
yield of gold per ton achieved this summer, it is moving forward
with an audit of its gold reserves according to the National
Instrument 43-101 Standard. The Company will announce within
the month the name of an independent Canadian geologist who will
conduct the assessment and write the report. The objective of
the report is to refine the estimated amount of gold, silver,
platinum and iron on the site. This report as completed according
to National Instrument 43-101 shall conform to and filed following
SEC requirements.
''This report shall confirm the previous findings done by the
renown geological expertise firm of The Central Research institute
of Geological Prospecting for Base and Precious Metals.
Furthermore, we will chose a Canadian geologist because of the fine
reputation of Canadian geologists and gold mining ventures,''
stated Normand Terroux, vice president. He added, ''The
Company has the goal of entering into a more international sphere
of operations and will chose its geologists accordingly.''
Assessments of samples performed by The Central Research
institute of Geological Prospecting for Base and Precious Metals in
October 2007 show a high
exploitability of the site in terms of precious metals such as
gold, platinum and silver as well as iron content. At the same time
a full spectral analysis of samples was performed confirming a high
content of useful components. This report was made for a previous
owner of the license to process gold on this site but which
license was cancelled because the previous operator concentrated on
its other mining activities and did not complete the agreed upon
work on the site. Markray JVSC was offered the opportunity to
obtain the license and it immediately set up the infrastructure as
required contractually.
The Company also announces that it is in the process of
expanding the membership to its Board of Directors and finalizing
strategic planning to rapidly move the Company forward and expand
its base of operations.
Contact:
info@markray.com
SOURCE Markray Corp
