Vanguard Mining Corp Jointly Develops Gold and Copper Mine in Central Java
05 Giugno 2014 - 5:30PM
Marketwired
Vanguard Mining Corp Jointly Develops Gold and Copper Mine in
Central Java
NEW YORK, NY and JAKARTA, INDONESIA--(Marketwired - Jun 5, 2014)
- Vanguard Mining Corporation (PINKSHEETS: VNMC),
http://www.vnmcglobal.com, today announced that the Company signed
a business cooperation agreement with PT Raksasa Metal Agung, an
Indonesian company, to start a joint operation of placer gold
mining in sub-district Karang Tengah, Wonogiri, Central Java,
Indonesia.
The Company further reported that, according to the agreement,
it would be working with PT Raksasa to begin operation and
production of gold and copper close to an ex-Dutch mining area that
has high copper and gold contents, with some areas up to 27ppm.
VNMC will share 60% of the net profits from operations expected to
occur in the next three to four months. The initial pilot project
will be on a five-hectare area with a total allotment available of
more than 1,500 hectares. PT Raksasa and VNMC plan to conduct the
survey work and obtain licensing for the first phase of operation
in the next few weeks.
"We are very excited about this business cooperation agreement
and expect to update our shareholders with further progress around
late June or early July," said Quang Le, Senior Geologist and
Executive Vice Chairman of VNMC.
Agung Yudyasmara, President of PT Raksasa Metal Agung,
concurred, "We are delighted to partner with VNMC in this project
and strongly believe that this is the beginning of a long-term
association that will greatly benefit shareholders of both
companies."
About Vanguard Mining Corporation
Vanguard Mining Corporation, a Nevada corporation established in
1987, is currently building a portfolio of mineral assets in
Southeast Asia, including limestone in Vietnam and gold, copper,
limestone, and manganese in Indonesia. The company has also
investigated mineral asset opportunities in other geographical
areas.
Safe Harbor: This news release contains forward-looking
statements that are subject to certain risks and uncertainties that
may cause actual results to differ materially from those projected
on the basis of such forward-looking statements. Such
forward-looking statements are made based upon management's
beliefs, as well as assumptions made by, and information currently
available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
Contact: Tony Nguyen Vanguard Mining Corporation 702-605-4506
Email Contact
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