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Gold Mining Company EnviroXtract Adds Assets of $400 Million

 
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arun12



Joined: 16 Apr 2008
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PostPosted: Thu Nov 15, 2012 10:10 am    Post subject: Gold Mining Company EnviroXtract Adds Assets of $400 Million Reply with quote

EnviroXtract, Inc. (OTC PINK: EVXA) has increased its total assets by $400 Million. The Company has finalized the acquisition of the Gold Star mining property in western Nevada, holding an estimated $725 Billion in total Measured, Indicated, and Inferred gold and silver reserves. The Gold Star Mine promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores.

Pensacola, FL, November 15, 2012 -- EnviroXtract, Inc. (OTC PINK: EVXA) has recently filed its 3rd Quarter Financials with OTC Markets, increasing it total assets by $400 Million. The Company has finalized the acquisition of the Gold Star mining property in western Nevada, holding an estimated $725 Billion in total Measured, Indicated, and Inferred gold and silver reserves. The Gold Star Mine promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Continuing its commitment to reshape the Company on behalf of its shareholders, Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties. This business strategy represents the most promising opportunity in the history of the Company to generate substantial revenues and profits. The Company is currently negotiating the acquisition of additional gold and silver mining properties in Arizona and Nevada.

The Gold Star Mine is a large, desert placer mining property in Esmeralda County, Nevada, near the 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 by professional geologists and mining geological companies. 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 $39.3 Billion
Indicated Reserves - 743 Million Tons Valued at $423.5 Billion
Inferred Reserves - 465 Million Tons Valued at $265.0 Billion

Total Estimated Reserves - 727.8 $Billion
(based on Kitco published values as of September 8, 2012)

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 ore extraction and refining technologies. Our primary goal is to generate substantial revenues and profits for the Company, while increasing stock price and stability on behalf of its shareholders.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:
Carlton Wingett - CEO
EnviroXtract, Inc
6175 Plumtree Lane
Edmond, OK, 73034
888-459-4889
info@enviroxtract.com
http://www.enviroxtract.com
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