Business
CGrowth Capital Inc. Bolsters Mining Division with Team Expansion and Expert Appointments
CGrowth Capital Inc. Bolsters Mining Division with Team Expansion and Expert Appointments.
About this update from Cgrowth Capital, Inc.
[{"type":"text","content":"\n NEW YORK, NY, Dec. 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – CGrowth Capital Inc. (OTC: CGRA) is a public holding company for alternative and undervalued assets. The company is sector and industry agnostic and currently consists of two divisions including Mining and Sports Technology. The company is focused on investing in growth-oriented opportunities where the company’s capital, expertise, and capabilities can help create significant added value for shareholders. CGrowth Capital Inc. is delighted to announce the appointment of specialized teams and companies that are integral to the development and execution of in-depth formal reports on the company’s mining tenements. The results of these reports have significantly surpassed expectations and are scheduled for release in the coming weeks. The reports were completed by highly qualified, independent professionals on the appointed teams. Their appointments were based on their expertise and strict adherence to the industry standards of JORC, SAMREC, and ISO NI 43-101, ensuring that every aspect of the reporting is not only accurate but also trustworthy and reliable. The appointed teams have been working on-site full-time over the past several months and have made exceptional progress. Details on the newly added companies and professionals to the CGRA Mining Inc. team, along with their qualifications, are available in the investor section of the CGRA Mining website. This resource provides comprehensive information on the expertise and backgrounds of our team members, reflecting our commitment to transparency and excellence in our operations. Metminec (Pty) Ltd has been appointed by CGRA Mining Inc. as the primary geological consultant tasked with taking the company to proven reserve. The company’s mandate is to complete the initial resource estimate and embark on drilling and other programs to deliver a complete Preliminary Economic Assessment (PEA) in Q2 2024 and a Pre-Feasibility Study (PFS) with a proven reserve in early 2025. First tasked with executing a phased geological exploration program across the company’s tenements in the Dodoma Urban area of Tanzania, Metminec has successfully completed the initial Desktop Research & Reconnaissance survey of the selected prospecting sites. The promising results of this survey are expected to b...