TWDL Releases Promising Test Results from Various Locations in the Yellow Jacket Region and Hires Mining Expert
LAS VEGAS, March 8, 2012 /PRNewswire/ -- Texas Wyoming Drilling (OTC: TWDL) is today releasing Analysis Reports conducted in 2008 to 2009 regarding gold and other valuable ores and rare earths in the Yellow Jacket Mining area. Although these were taken at another site, the results are consistent with TWDL findings in more recent assay tests. Both showed highly significant gold and platinum content as well as other rare earths. Significant portions of the Test Data for the Yellow Jacket Placer Project mentioned above can be viewed on the M3Mining Website.
These reports have strengthened the determination of the Company, TWDL, to move ahead with new "certifiable testing" to substantiate the value of their #108 Placer Claim. Rather than laboratory testing, as was done in the past, they plan to utilize three different refining processes to identify the most cost effective method for extracting the metals. Results of these tests are anticipated to be reported within the next several weeks.
TWDL has hired a highly qualified mine consultant, David E. Pierce. He owns several mining sites in Nevada, including the Rockefeller Mine. His mining experience started during the summers when he was seven years old and he became involved in the daily operations of a Placer Project while working with his father at their family owned mine in Colombia, South America. For more details about Pierce's experience, see his resume.
Pierce has been hired to review and summarize the historic as well as current test data and mine evaluations. He will also outline the recommended steps necessary to move forward to full production, including helping the Company obtain permits required by the Bureau of Land Management. His expertise will also be valuable to oversee the preparation of the $1 Million Reclamation Bond required by the State of Nevada.
In reviewing the Historic Test Data and Valuations, Pierce has summarized the findings in layman's terms as follows:
Previous tests have indicated tremendous reserves with substantial values on the Yellow Jacket Placer Project deposit. These generated quite a bit of skepticism about the size, nature and values of the deposit. Now the Current Certified Test Data results and three Independent Certified Geological Mine and Mineral Evaluations (Information regarding a mining project less than 10 years old) confirmed, yielded and indicated as good or even higher test results and values utilizing today's current technology, techniques and valuations on the Yellow Jacket Placer Project deposit!
THE COMPANY
TWDL is a diversified mining company concentrating on gold and precious metals as well as calcium carbonate and decorative rock through its Legacy Rock Division.
FORWARD LOOKING STATEMENT
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and 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 Texas Wyoming Drilling, Inc. and members of its management as well as the assumptions on which such 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.
Media and Investor Relations Contact:
Al Roensch
Phone: (415) 342-1779
Email: [email protected]
SOURCE Texas Wyoming Drilling, Inc.
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