Montreal, Quebec (PRWEB) May 28, 2008
The "Butte Mining District" that encompasses "The Richest Hill On Earth" and is second only to South Africa's Witwatersrand, may have a rival - and it's located only 14 miles north east of Butte.
It is believed that The O.T.'s Ruby Project's North Anomaly may equal, or even surpass, the mineral wealth of the Butte Mining District.
Since 1880, Butte has produced almost 400 billion dollars worth of metals with estimates of a similar amount yet to be discovered. "The Richest Hill" has produced ore to depths of 5,500 feet. And drill results, to a depth of 8,500 feet, show continuance of the Butte mineralized structure. During the World Wars I and II, the Butte Mine alone produced 25 per cent of the United States copper demand.
In itself, the Ruby Property's close proximity to "The Richest Hill" is telling. However, leading edge technology in the form of innovative geochemical techniques, airborne geophysical surveys and detailed mapping and sampling, has provided ample compelling evidence that the Ruby Property has the potential to contain base and precious metal ore that equal or exceeds that of the infamous Butte Mining District.
"The question is not if they'll find precious metal, as our preliminary tests have pretty much determined that, rather it's a matter of how much," says James Hess, President of The O.T. Mining Corporation. "The fact that major mining companies are contacting us is also very exciting."
Already, O.T.'s Montana technical team has refined the project data, selected drill targets from the 18 new drill site permits issued by The USFS (United States Forest Service) this past May and have begun to prepare the drill sites.
O.T.'s Project Manager has issued tenders for two drills to begin work as soon as weather permits.
"O.T.'s goal is to prove that the Ruby Property's North Anomaly mineralized system has the potential to rival or surpass that of the Butte Mining District," says James Hess.
Disclaimer: This press release contains forward-looking statements regarding the Company, within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the anticipated timing, process and scope of further exploration and drilling activities. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from those presented. Factors that could cause results to differ materially include economic and political events affecting supply of and demand for base and precious metals, fluctuations in commodity prices, negative results of environmental or technical studies, negative results of further exploration, drilling programs, problems or delays in or objections to the permitting process, failure or delay of third parties to provide services, changes in the attitude of state and local officials toward the Ruby Project and other factors. Additional information is available at the Company's website at http://www.otmining.com.