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Mission Mining Company Executes Agreement to Lease, Mine, and Operate the El Dorado Mine in California
Mission Mining Company Executes Agreement to Lease, Mine, and Operate the El Dorado Mine in California.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nMission Mining Company Executes Agreement to Lease, Mine, and Operate the El Dorado Mine in California\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nMission Mining Company Executes Agreement to Lease, Mine, and Operate the El Dorado Mine in California\n\nPR Newswire\n\nLAS VEGAS, May 28, 2013\n\n\n\n\n\n\n\nLAS VEGAS, May 28, 2013 /PRNewswire/ -- Mission Mining Company (OTC Pink: MISM) \n\n\nMission Mining Company is pleased to announce that the Company has executed an Agreement with Colten Metals LLC, to lease, mine, and operate the El Dorado Mine in California. The El Dorado Mine is comprised of seventeen (17) contiguous Bureau of Land Management lode mining claims containing a total of three hundred forty (340) acres located in San Bernardino County, California. The term of the mining and operating lease is forty-nine (49) years, with provisions for Mission Mining Company to be granted an extension of the lease for the duration of the property's productive life. Colten Metals LLC, will receive convertible preferred shares in Mission Mining Company with a capped value of USD $5,000,000 plus a nine percent (9.0%) Net Smelter Return Royalty in respect of all salable metals and other products resulting from the Company's operations on the seventeen El Dorado Mine claims as compensation.\n\n\n\nCarlton Wingett, CEO of Mission Mining Company remarked, \"On behalf of our management team, I am extremely excited to announce the addition of the El Dorado Mine to the Company's portfolio of U.S. mining properties. Securing the mining / operating rights for, along with the rights to the vast majority of potential profits to be generated from, the El Dorado Mine is akin to finding a treasure. It is a unique mining property, and based on previous testing and assaying results, may well comprise some of the largest known deposits of certain strategic metals.\" Mr. Wingett also stated, \"Our management team has exhibited extraordinary vision and determination over the past several months. In a short period of time, Mission Mining ...