Business
TWDL Signs Agreement With Geologist
TWDL Signs Agreement With Geologist.
About this update from Bantec Inc.
[{"type":"text","content":"FOR IMMEDIATE RELEASETWDL SIGNS AGREEMENT WITHGEOLOGIST TO EVALUATE THEIR PROPERTIESLAS VEGAS, NV -- (Marketwire) – August 16, 2011 – Texas Wyoming Drilling, Inc.(OTC:TWDL) announced today that there has been a mutual agreement not to continue testingwith Industrial Mineral Developments, Inc., and their consulting agreement has been terminated.To continue this process, TWDL’s Board of Directors has contracted R.J. Johnson, P.G., C.E.M.(Professional Geologist, Certified Environmental Manager) of Boulder City, Nevada 89005. Hehas been hired to prepare a Canadian National Instrument (NI) 43-101 which is a mineralresource classification system with strict guidelines as to how public companies can disclosescientific and technical information about mineral projects. TWDL intends to have this completedbecause it is unquestionably the gold standard for the industry worldwide.While this change will delay the reporting process, TWDL management feels it is in the bestinterest of shareholders and that it will be most beneficial for the mining projects. Reports fromthe new geologist are expected to be available in several phases starting with an evaluation ofhistorical data on both the Yellow Jacket property near Moapa, Nevada by mid-October, and onthe Blue Jacket property near Nelson, Nevada one month thereafter. TWDL will report results toshareholders as each phase required to prepare the (NI) 43-101 is completed.Alfredo Nevarro, Sr., CEO of TWDL, says, “By adhering to strict standards and beingconservative in our press releases, I believe shareholders will feel secure knowing that they cantrust the news that we present to them. We have high expectations that the reports we receivewill be well worth the wait.”TWDL has filed Second Quarter Financials with footnotes. Pending our attorney’s letter, wehope to move to the next level of trading on OTCMarkets.com.Cautionary Note Regarding Forward-Looking StatementsThis press release contains statements, which may constitute \"forward-looking statements\"within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, asamended by the Private Securities Litigation Reform Act of 1995. Those statements includestatements regarding the intent, belief or current expectations of Texas Wyoming Drilling, Inc.and members of its management as well...