Business
ABOT Mining Announces Acceptance of Ore Quality for acquisition of the first 500 tons of Ore
ABOT Mining Announces Acceptance of Ore Quality for acquisition of the first 500 tons of Ore.
About this update from Scoobeez Global Inc
[{"type":"text","content":"ABOT Mining (PinkSheets: ABOT.pk) is pleased to announce its acceptance of ore quality for theacquisition of the first 500 tons of gold and silver ore (the “Ore”) from RisingStar Mining (“Operating/JV Partner”). This is the firststep in formalizing the recently announced non-binding letter of intent and evaluatingmarket value of the Ore. The Ore stockpile is located within 5 miles radius ofAztlan 8B Project and consists of up to 18,000 tons of Ore. In order to limit theproduction and processing risk, the Company shall not be obligated to purchaseany Ore lot not having an average grade of Gold, Au < 5 g per ton andSilver, Ag < 35 g per ton. The Company is furtherexpected to announce important details of a formal legally binding agreement (the\"Agreement\") that will layout terms and conditions for respectiveparties and provide tentative schedule for the production and sale of gold andsilver from this first run. About the CompanyABOT is a US basedmining company engaged in discovering, acquiring, developing, producing, andmarketing precious and semi-precious metal properties and is currentlyheadquartered in Woodland Hills, California. ABOT plans to create long termshareholder value by implementing an aggressive exploration program, making newprecious metals discoveries and developing mining properties with long-life andlow cost operation. Forward-Looking StatementAny statements madein this press release which are not historical facts contain certainforward-looking statements; as such term is defined in the Private SecurityLitigation Reform Act of 1995, concerning potential developments affecting thebusiness, prospects, financial condition and other aspects of the company towhich this release pertains. The actual results of the specific items describedin this release, and the company’s operations generally, may differ materiallyfrom what is projected in such forward-looking statements. Although suchstatements are based upon the best judgments of management of the company as ofthe date of this release, significant deviations in magnitude, timing and otherfactors may result from business risks and uncertainties including, withoutlimitation, the company’s dependence on third parties, general market andeconomic conditions, technical factors, the availability of outside cap...