Ensurge, Inc. Announces Acquisition of Mine License Application and Land Dredge for Gold Production in Guyana
06 Août 2013 - 6:56PM
ENSURGE, Inc. (Trading Symbol:ESGI) is pleased to
announce that it has acquired a mine license application that has
tied up gold bearing property located on the Mazaruni river.
Furthermore, the Company has acquired land dredging equipment to be
deployed on the property.
In May of this year the Company announced the majority
acquisition of TransGlobal Gold Corp., which would result in the
company commencing operations sometime in the third quarter of
2013. The Company achieved the recent acquisitions through amending
the May Agreement. The acquisitions were accomplished through the
new issuance of five million restricted shares. Concurrently,
warrants to purchase five million shares were also issued. The
Warrants are exercisable at $.15 per share and may only be
exercised after the Company has achieved 3,000 ounces in gold
production during a three month period.
Chad Mishleau, Guyana Operations Manager for TransGlobal, stated
"The newly acquired license application will allow us to forego
royalty payments to a land owner and saves us a substantial amount
of money over the long-run. Additionally, we have already
established camp facilities at the location and the newly acquired
dredging equipment should arrive on-site sometime next
week. Our site can accommodate up to eight dredges."
Clint Mishleau, President of TransGlobal, stated "We carefully
analyze each opportunity to mine in Guyana. Additionally, we
work to keep future production costs down through careful equipment
acquisitions. Given the current markets in the resource industry,
every dollar counts."
The Company's President, Jamie Miller, stated "While many large
and junior mining companies are either paralyzed or in a
substantial contraction phase this summer, our subsidiary is moving
ahead as planned. Today's news confirms that TransGlobal's
experience and network in the Guyana mining community will continue
to present significant opportunities. We at Ensurge are pleased
with our TransGlobal team and continued efforts to advance
production."
Jeff Hanks, Director and CFO of the Company, stated "These
additional acquisitions and the aggressive moves by our subsidiary
keeps us on target for production and revenue by the end of the
third quarter of this year."
About Ensurge, Inc.
Ensurge, Inc. ESGI is an
Arizona based mining company that has been engaged in exploring and
developing gold mining opportunities in Guyana. The Company's
primary focus is to bring capital and technology to existing mining
operations to recover gold from existing tailings, improve
recoveries of existing milling operations and improve mining
operations in exchange for an interest in these operations.
About TransGlobal Corp.
TransGlobal Gold Corp. is a holding company organized to acquire
and develop mining rights in Guyana. Operations may include
either land or river dredging operations. TransGlobal is
currently preparing for mining operations of approximately 2500
acres located adjacent to the Mazaruni River in
Guyana. Website: www.transglobalgoldcorp.com
CONTACT: Bryan Andrew
Wall Street Media Group
480 588-8658
info@wallstreetmediagroup.com
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