Markray Receives Permission to Increase Gold Production

CAMBRIDGE, Mass., Nov. 16, 2011 /PRNewswire/ -- Markray Corp (RVBR.PK) announced today that it has been granted permission by the local regulatory agency to increase gold production from the stockpile of reserves which contain 2,393,600 ounces of gold, 26,033,920 ounces of silver and 26,720 ounces of platinum.

Local authorities agreed  that the Company increase its production of rare earth minerals form its stockpile of tailings. This permits the Company to process as much minerals as possible. Olga Smolnikova, President of Markray Corp states, "Our goal is to increase production to 200,000 ounces of gold per year and then double this amount with the addition of equipment.''

About Markray

Markray is in the business of extracting precious metals from stockpiles of raw material.  A geological audit of its current reserves concludes that there are the following minerals in the stockpile currently being processed:

Gold:          2,393,600 ounces

Silver:       26,033,920 ounces

Platinum:        26,720 ounces

Iron:              20,800,000 tons

The company plans to acquire additional facilities to increase its reserves. Each facility shall be processed by a unique modular plant. 

Contact:
[email protected]

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE Markray Corp

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