Texas Wyoming Drilling, Inc. Board of Directors Approve Blue Jacket Joint Agreement
LAS VEGAS, March 9 /PRNewswire/ -- The Board of Directors of Texas Wyoming Drilling, Inc. (Pink Sheets: TWDL) today announced entering into a Joint Venture Agreement with NWWW, Inc., a Nevada corporation. The joint venture relates to a Patented Mine referred to as the Blue Jacket Mine. Any profits from this Joint Venture will be shared equally between NWWW, Inc. and TWDL.
NWWW, Inc. is the owner of a Patented Mine located on 72 acres of Privately Owned property. This mine is not located on Government BLM property. TWDL has an option to purchase this property that is surrounded by 600,000 acres of BLM owned land.
This property is located near the historical Eldorado Canyon Mine range outside of Nelson, NV. It is located five miles from the Colorado River and minutes from Hoover Dam and the monumental new bridge linking Arizona to Nevada.
Check the web site, www.m3mining.com for specifics on projects, assays showing evidence of gold and other rare earths.
The Joint Venture with NWWW, Inc. will deliver to TWDL usage of equipment and manpower that will allow TWDL to commence immediate mining operations and further exploration.
Blue Jacket Mine also brings access to a spring producing 28,000,000 gallons of water per year. The spring has been tapped and is currently pumping water at the rate of 50 gallons per minute.
Adjacent to the Blue Jacket mine is a real property development referred to as Tiger Town, a Planned Community with a Planned Golf Course. TWDL is in the process of now negotiating a contract to supply water from its spring to the Planned Community.
The consideration for the Joint Venture is an undisclosed amount of cash and stock of TWDL.
FORWARD LOOKING STATEMENT: This Press Release may contain, in addition to historical Information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended. Statements In this Release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to the Company's limited operating History, uncertainties about the availability of additional financing, geological or mechanical difficulties affecting the Company's planned geological work programs ,uncertainty of estimates of mineralized material, operational risk, environmental risk, financial risk and other statements that are not historical. This company is not a reporting Company, although it periodically provides information and financial statements (unaudited) to Pink Sheet, Inc.
SOURCE Texas Wyoming Drilling, Inc.
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