ABOT Mining (Pink Sheets: ABOT.pk) is pleased to announce
that it has entered into a binding production and processing agreement ("Processing
Agreement") with Minera Manos Del Rey. S.A. DE C.V. (?Operator?), a
Mexican corporation with offices at Municipo de Toliman, El Rodeo, Jalisco,
Mexico, CP 49750.
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ABOT Mining has
agreed to provide start-up funding and supply of ore for the processing on the
terms and conditions set in the Processing Agreement. The Operator has agreed
to make necessary arrangements for processing, marketing and sale of the
concentrate that will be extracted from the ore.
ABOT Mining plans to
divert and consolidate all its Mexican resources to this Processing Unit including
access to ores and tailings that have been previously announced. Commissioning
and retrofitting of the Processing Unit and execution of the production plan is
expected to commence before the rainy season of Nayarit, Mexico which is
usually between June and October.
About the Company
ABOT is a US based
mining company engaged in discovering, acquiring, developing, producing, and
marketing precious and semi-precious metal properties and is currently
headquartered in Irvine, California. ABOT plans to create long term shareholder
value by implementing an aggressive exploration program, making new precious
metals discoveries and developing mining properties with long-life and low cost
operation.
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Forward-Looking Statement
Any statements made
in this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private Security
Litigation Reform Act of 1995, concerning potential developments affecting the
business, prospects, financial condition and other aspects of the company to
which this release pertains. The actual results of the specific items described
in this release, and the company?s operations generally, may differ materially
from what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the company as of
the date of this release, significant deviations in magnitude, timing and other
factors may result from business risks and uncertainties including, without
limitation, the company?s dependence on third parties, general market and
economic conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the control of
the company. The company disclaims any obligation to update information
contained in any forward-looking statement. This press release shall not be deemed
a general solicitation.
Contact:
Imran
Firoz, President
Abot
Mining Co.
ABOT.PK
301
Simplicity | Irvine | CA 92620
T: +1
818.302.0100
E:
info@abotmining.com