The awarding of this contract marks the commencement of exploration activities and what the Company considers to be one of its key Cambodian prospects
Rochester, NY (PRWEB) October 15, 2008
Elray Resources, Inc. (otcbb: lra), a technically-driven gold and precious metal mineral exploration company, announced today that it has hired GPX Aeroscience Pty Ltd, a highly respected Ausralian aeromagnetic and radiometric survey company, to survey 90km sq of its Porhyry Creek prospect in Northern Cambodia.
"The awarding of this contract marks the commencement of exploration activities and what the Company considers to be one of its key Cambodian prospects," commented Mr. Barry Lucas, Executive Chairman of Elray Resources. "This is the first time the area has been explored using modern techniques and technology. Our consulting geologists commented that the area contains the ideal conditions for intrusion related gold deposits as well as copper mineralization and these surveys are expected to provide clear targets."
The Porphyry Creek Prospect is a grass roots project situated in the north of Cambodia. The total area in the prospect is 9,000 hectares and the company owns 100% of the project. The Company's consulting geologists for this project were Behre Dolbear Australia Pty Ltd , part of Behre Dolbear & Company Inc., founded in 1911 and the oldest continually operating mineral industry consulting firm in the world.
Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of four highly prospective, heavily mineralized mining tenements in Cambodia and Mexico. Elray Resources, Inc's, primary objective is to source potential and viable projects, conduct geological assessmets and seek Joint Venture partners to develop the properties. Elray Resources, Is 100% controlled entity in Cambodia is Angkor Wat Minerals Ltd.