Earth Life Sciences Inc: Silica Sand Project Update and Filing of Annual Financial Report
LONGUEIL, QC, April 25, 2016 /PRNewswire/ - Earth Life Sciences Inc. (OTCQB: CLTS) ("Earth Life Sciences" or the "Company") is pleased to announce that there has been a continued increase in the industrial and domestic demand for the Silica Sand aggregate market along with the increased recognition of the high value of the Company's White Channel Silica aggregates.
Earth Life Sciences plans to separate the existing block of land of 2,200 acres into four separate zones reflecting the characteristics of the aggregate quality in each geological zone.
From 2016 through 2020, the Company plans to focus on expediting the commercialization of the project in order to meet current market demands, particularly in the lucrative custom landscaping and large retail-residential markets.
In the short-term, the Company intends to complete additional Geo Chem and down-hole soil chemistry tests on its Gold Buck copper, moly, and gold prospect strategically located in the prolific Horsefly mining camp area.
The Company further announces that it has filed its Form 10-K Annual Report for the fiscal year ended December 31, 2015.
More Information about the White Channel (Silica-Gold) Project
The Company is looking forward to large scale production on this project commencing in late summer 2016. This material can be used for a host of product lines including landscaping rock, cement additives, silicon feed, mica, artisanal clays, concrete aggregates. Silica can also be used for fracture sand in the oil and gas business and in the steel industry as a foundry mold sand and flux for steel manufacture.
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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