Business
Vanguard Mining Corp Co-develops Gold and Copper Mine in Central Java
Vanguard Mining Corp Co-develops Gold and Copper Mine in Central Java.
About this update from Mag Mile Capital Inc.
[{"type":"text","content":"\n \n 0\n 0\n 1\n 402\n 2293\n PHI Group, Inc.\n 19\n 5\n 2690\n 14.0\n \n \n \n \n\n\n\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n JA\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\n\n\n /* Style Definitions */\ntable.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\n\tmso-para-margin:0in;\n\tmso-para-margin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:10.0pt;\n\tfont-family:Cambria;}\n\n\n\n\n\n\n\nNEW YORK and Jakarta, Indonesia\n? June 5, 2014 ? Vanguard Mining Corporation (OTCMarkets: VNMC), http://www.vnmcglobal.com, today announced\nthat the Company signed a business cooperation agreement with PT Raksasa Metal\nAgung, an Indonesian company, to start a joint operation of placer gold mining\nin sub-district Karang Tengah, Wonogiri, Central Java, Indonesia. \n\nThe Company further reported that, according to the business\ncooperation agreement, it will be working with PT Raksasa Metal Agung to begin\noperation and production of gold and copper close to an ex-Dutch mining area\nthat has high copper and gold contents, with some areas up to 27ppm. VNMC will\nshare 60% of the net profits from operations expected to occur in the next\nthree to four months. The initial pilot project will be on five-hectare area\nwith a total allotment available of more than 1,500 hectares. PT Raksasa and\nVNMC plan to conduct the survey work and obtain licensing for the first phase of\noperation in the next few weeks.\n\n?We are very\nexcited about this business cooperation agreement and expect to update our\nshareholders with further progress around late June or early July,? said Quang\nLe, Senior Geologist and Vice Chairman of VNMC.\n\nAgung\nYudyasmara, President of PT Raksasa Metal ...