Earth Life Sciences Inc: Announces Product Production Plan and Cash Flow Projections
LONGUEIL, QC, May 2, 2016 /PRNewswire/ - Earth Life Sciences Inc. (OTCQB: CLTS) ("Earth Life Sciences" or the "Company") is pleased to announce that it has taken significant steps forward on the development of its White Channel Project.
Following several years of development of the area by many juniors and ultimately a Resource Definition of (600,000) ounces of Gold and (1,705) million pounds of copper defined in 2013 leading to the suspension of Operations by the Goldfields Consortium in 2014 due to downward pressure in Metals market and change in Corporate Strategy. The Company has continued work on its White Channel Prospect and has discovered a vast supply of high purity Silica that it will begin to develop.
Earth Life Sciences will now Call for Proposals for Work to invite local contractors to produce a 300 ton test section of screened and washed Silica cobs to a specified 3 inch minus specification, This contract calls for a three specification tolerance to produce a 96 % pure Silica rich product in size specifications of 1/2 inch minus; 1 inch clears, and 3 inch clear washed Silica stone product.
This Call for proposal will lead to the "take or pay contract" to produce and deliver thirty thousand tons (30,000) of decorative ornamental silica rock product for the household decorative garden market. The company will use local contractors to provide fulfillment and delivery FOB the BC Rail Siding in Williams Lake BC. This initial contract will lead to a multi-year supply contract to supply several National Garden Centers and Big Box Stores with their annual supply worth millions of dollars a year. This cash flow business will assist Earth Life Sciences to further develop its White Channel and Gold Buck Copper, Molybdenum Gold Project.
Forward-Looking Statements
These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
SOURCE Earth Life Sciences Inc.
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