Business
EnviroXtract, Inc. Acquires The Gold Star Mine with over $700 Billion in Estimated Gold and Silver Reserves
EnviroXtract, Inc. Acquires The Gold Star Mine with over $700 Billion in Estimated Gold and Silver Reserves.
About this update from Futuris Co.
[{"type":"text","content":"October 25, 2012 – EnviroXtract, Inc. (OTC PINK: EVXA) announces that it has recently acquired 100% ownership in the Gold Star Mine from Western Gold Company in exchange for EnviroXtract stock. Under the terms of the Agreement, Western Gold Company, and/or its assigns, has become the majority shareholder in EnviroXtract as a result of this transaction. The Gold Star Mine is a large, desert placer mining property in Esmerelda County, Nevada, near the ghost town of Goldfield. It is comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area. The property has been drilled and tested on several occasions by certified geologists and mining engineers. The most recent geological valuation of the property was completed in 2010. Based on this report, the estimated combined gold and silver resources are as follows:Measured Reserves - 69 Million Tons – Valued at $39.3BillionIndicated Reserves - 743 Million Tons – Valued at $423.5BillionInferred Reserves - 465 Million Tons – Valued at $265.0Billion Total Estimated Reserves - 727.8 $Billion* (*based on Kitco published values as of September 8, 2012)Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties. The Gold Star Mine in western Nevada promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Management is focused on assembling a team of mining specialists and obtaining the necessary capital to place the Gold Star Mine into production as quickly as possible. This business strategy represents the most promising opportunity in the history of the Company to generate substantial revenues and profits. About EnviroXtract, Inc.:EnviroXtract has expanded its business model to focus on the acquisition and development of large US gold and silver mining properties.Management continues to explore opportunities to utilize its efficient environmental plasma technologies for ore extraction and refining. Management has placed the highest priority on generating substantial revenues and profits for the Company, while increasing its stock price and establishing long term investment stability on behalf of its shareholders. Safe HarborThis press release con...