EnviroXtract, Inc. Signs MOU With Western Sierra Mining Corp. for Joint Venture to Place Arizona Gold Mine Into Production
16 Février 2011 - 1:15PM
EnviroXtract, Inc. (Pink Sheets:EVXA) announces
that it has signed a Memorandum of Understanding with Western
Sierra Mining Corp. (Pink Sheets:WSRA) to execute a joint-venture
agreement that will place the Gold Basin Mine into production. The
proposed agreement will also permit additional gold mining
properties to be jointly pursued and placed into production over
the next several months as promising mining opportunities are
identified and secured. Management anticipates that this
joint-venture agreement with Western Sierra will be completed and
signed within the next week. The two companies hope to
capitalize on the increasingly lucrative gold market by combining
forces to pursue promising mining opportunities at several
properties identified in Arizona, Nevada and Mexico.
The companies chose the Gold Basin Mine as their first
joint-venture project due to the mine being ready for immediate
gold production. This strategy should provide each company
with the ability to immediately produce revenues under the
joint-venture agreement. According to Michael Chaffee, CEO of
Western Sierra, "We believe that the Gold Basin Mine offers the
most obvious opportunity to move EnviroXtract and Western Sierra
forward with an exciting project that provides revenues rapidly for
both companies. Under the proposed agreement, EnviroXtract
will provide the necessary funding to immediately begin initial
mining operations and production of gold and other precious metals,
as well as funding necessary for expansion. Western Sierra
Mining Corp. will provide its extensive mining expertise, labor,
equipment, and production management of the gold mine. The
ability to generate revenues within a matter of weeks will also
enable the Company to rapidly expand and increase gold production
levels and profits at the Gold Basin Mine."
The two companies believe they present some significant
synergies that can be captured through this joint-venture
agreement. Carlton Wingett, the CEO of EnviroXtract said,
"EnviroXtract brings its expertise in technology development to the
table. We have a number of promising extraction technologies
that will be made available to the venture. These technologies are
anticipated to increase the efficiency and profitability of our
mining operations. Remember, EnviroXtract is primarily a
technology development company. We continue to develop
technologies that not only extract and process gold and precious
metals, but also technologies designed to clean up contaminated
mining sites, removing toxic chemicals and heavy metals from the
surrounding soil and rock. This technology advantage is what
separates EnviroXtract from other companies currently involved in
mining operations. The recent addition of Michael Chaffee as
COO of EnviroXtract only cements the relationship between the two
companies and ensures execution efficiency in our mutual business
ventures," said Wingett.
This gold mining joint venture is another step toward achieving
the Company's 2011 Cross-Tech Business Strategy that the Company
has recently announced. Under that Strategy, Management plans to
leverage the Company's various technologies across industries to
move the Company into new markets and create new revenue
opportunities for the Company while increasing shareholder
value.
Western Sierra Mining Corp. will bring its considerable gold
mining experience to the venture along with several properties that
it already has targeted for production. The Company hopes to
capitalize on its current projects by employing the innovative
extraction technologies and capabilities of EnviroXtract, and if
successful, will identify and recommend additional gold mining
properties for the venture.
Michael Chaffee, CEO and President of Western Sierra Mining
Corp., said, "We are very excited to be working with
EnviroXtract. We believe that the Company's proprietary
technologies coupled with our expertise will lead to some exciting
opportunities for both of our companies."
The Gold Basin Mine is made up of 332 acres of claims located in
central Arizona, approximately twenty miles south of Prescott on
Prescott National Forest land. The site is near Arizona State
Highway 89 and is easily accessible by vehicles. A Plan of
Operations and Stipulations has been approved, and the
Authorization to Commence Operations has been issued by the US
Forest Service. Water is readily available on the site with
two water wells drilled on the property and a river running through
the claims. Production can take place year round.
About EnviroXtract, Inc.:
EnviroXtract, Inc. was founded as a technology development
company focusing on proprietary environmental remediation
applications for oil spills and other toxic chemical remediation
applications that require a complete separation of hazardous or
toxic chemicals from contaminated soil. The Company has recently
expanded its business strategy to enter new markets including:
gold, silver, and precious metals mining, precious metals
processing, agricultural, and soil enrichment applications. The
company will continue to develop and assess new technologies to
enhance its business model.
About Western Sierra Mining Corp:
Western Sierra Mining is an aggressive gold and silver
exploration and mining company focused on the historic mining
districts of the Bradshaw mountains of Arizona with additional
areas of interest within Nevada and Mexico. Current projects
include Gold Basin, Oro Cache, Eagle, Treasure Gulch and the Big
Chief mining group, all of which have demonstrated high-grade
mineralization with previous histories of production. Long-term
Company goals are to create maximum shareholder value by continuing
to build a strong base of properties and advance these projects
toward production.
EnviroXtract has retained The Wall Street Voice, LLC to provide
the Company full and comprehensive corporate communications and a
full advertisement and media campaign.
For questions, please contact The Wall Street Voice, LLC
Corporate Communications at Phone # 407-282-9642. Email:
info@thewallstreetvoice.com Please ask to speak to a Managing
Member about EnviroXtract, Inc.
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 - President/CEO
Email: Info@EnviroXtract.com
Phone: 1-888-459-4889
Western Sierra Resource (CE) (USOTC:WSRC)
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