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Mario Ayub, President of Minera Rio Tinto, said: "We are very pleased with the way the crushing circuit is working. As the mineralized material is much softer than anticipated, the operation now has the capacity to double from the current level. For now, though, we will continue to run 750 tons per day through the mill for at least 30 days to ensure the system works smoothly. Also, we hope to have 30,000 tons stockpiled close to the flotation circuit under constructions so that we will be able to operate efficiently through the upcoming rainy season without any delays in production."
About Mexoro:
Mexoro Minerals Ltd. is an exploration stage company focused on exploring for precious metals in the traditionally mineral rich Sierra Madre region of Chihuahua, Mexico, which controls three historical gold-silver mines for which additional exploration has confirmed significant mineral potential. The Company also has claims on additional properties in the state of Chihuahua.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements.
Cautionary Note on the Production Decision:
There is a high degree of risk involved in making a production decision without indicated or measured mineral resources, without a basis for economic analysis, and without an indication of favorable metallurgy by appropriate test work. There are no known reserves on the Cieneguita concessions.
Cautionary Note to US Investors:
All mineral materials have been calculated in accordance with the definition standards on mineral resources and mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian National Instrument 43-101, commonly referred to as NI 43-101. U.S. SEC reporting requirements for disclosure are governed by SEC Industry Guide 7. NI 43-101 and Industry Guide 7 differ materially.
The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred" which may not be consistent with the reserve definitions established by Industry Guide 7. U.S. investors are urged to consider closely the disclosure in our filings with the SEC. You can review and obtain copies from the SEC website at http://www.sec.gov/edgar.shtml
Corporate Headquarters Mexoro Minerals Ltd. C. General Retana #706 Col. San Felipe Chihuahua, Chih. C.P. 31203 Mexico Tel: +52 (614) 426-5505 E-mail: Email Contact
SOURCE: Mexoro Minerals Ltd.
http://www2.marketwire.com/mw/emailprcntct?id=0C81973AA7BA34EB
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