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Pensacola, FL (PRWEB) October 25, 2012
EnviroXtract, Inc. (OTC PINK: EVXA) announces that it has recently acquired 100% ownership in the Gold Star Mine from Western Gold Company in exchange for EnviroXtract stock. Under the terms of the Agreement, Western Gold Company, and/or its assigns, has become the majority shareholder in EnviroXtract as a result of this transaction.
The Gold Star Mine is a large, desert placer mining property in Esmerelda County, Nevada, near the town of Goldfield. It is comprised of six U.S. Bureau of Land Management claims making up 960 acres of total land area. The property has been drilled and tested on several occasions by certified geologists and mining engineers. The most recent geological valuation of the property was completed in 2010. Based on this report, the estimated combined gold and silver resources are as follows:
Measured Reserves - 69 Million Tons – Valued at $39.3 Billion
Indicated Reserves - 743 Million Tons – Valued at $423.5 Billion
Inferred Reserves - 465 Million Tons – Valued at $265.0 Billion
Total Estimated Reserves - 727.8 $Billion*
(*based on Kitco published values as of September 8, 2012)
Management has made a decision to focus on the acquisition and development of large US gold and silver mining properties. The Gold Star Mine in western Nevada promises to be a cornerstone development project, under which EnviroXtract plans to pursue the mining and production of gold and silver ores. Management is focused on assembling a team of mining specialists and obtaining the necessary capital to place the Gold Star Mine into production as quickly as possible. This business strategy represents the most promising opportunity in the history of the Company to generate substantial revenues and profits.
About EnviroXtract, Inc.:
EnviroXtract has expanded its business model to focus on the acquisition and development of large US gold and silver mining properties. Management continues to explore opportunities to utilize its efficient environmental plasma technologies for ore extraction and refining. Management has placed the highest priority on generating substantial revenues and profits for the Company, while increasing its stock price and establishing long term investment stability on behalf of its shareholders.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the 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 EnviroXtract, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking 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. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Carlton Wingett – President
Phone – 888-459-4889