Business
Blue Earth Resources, Inc. enters into a mining Joint Venture with Texas Wyoming Drilling, Inc.
Blue Earth Resources, Inc. enters into a mining Joint Venture with Texas Wyoming Drilling, Inc..
About this update from Blue Earth Resources, Inc.
[{"type":"text","content":"FOR IMMEDIATE RELEASE: “Blue Earth Resources, Inc. enters into a mining Joint Venture with Texas Wyoming Drilling, Inc.” Minneapolis, MN, August 18, 2011. Blue Earth Resources, Inc. (OTCBB Pink Sheet Symbol “CUYC”) announced today that it has signed a Joint Venture Agreement with Texas Wyoming Drilling, Inc. (Pink Sheets: TWDL) effective August 12, 2011. Blue Earth Resources, Inc. (CUYC) will be acquiring 50% ownership in all Yellow Jacket mineral rights and reserves currently held by TWDL as well as any future expansion that TWDL may secure on Yellow Jacket claims. The Yellow Jacket claims are located in the Moapa mining section in the State of Nevada and have historically shown through scientific assay testing an extremely high level of valuable precious metals. Pursuant the Joint Venture the companies will be sharing expenses and profits on a 50/50 basis. CUYC President/CEO Daniel Elling states, “We anticipate an excellent working relationship with TWDL as well as very significant reserves as the process continues towards production. We intend to actively mine those reserves upon completion of the Canadian National Instrument (NI) 43-101 geological report currently underway, together with any other regulatory requirements.” Elling continues, “Our Company and its shareholders look forward to entering today’s precious metals market in a joint financial effort which we hope will benefit each company tremendously.” TWDL Chairman Navarro expresses similar positive sentiment and says, “Several critical steps are still needed before mining commences on our Yellow Jacket claim, however, working jointly should provide a more defined schedule due to the shared ramp up. We will jointly announce results as they develop.” Blue Earth Resources, Inc. is the parent company of PetroResources, Inc., which is in the business of purchasing and managing royalties, override royalties and non-operating working interests in producing oil and gas well properties. PetroResources, Inc. currently owns interests in excess of 400 properties strategically and diversely located throughout the United States. Contact Information:Daniel J. Elling, President/[email protected] Blue Earth Resources, ...