Chazel Capital Details Progressive Development at the OFIR Rey Salomon Mine Project in Peru

Chazel Capital. Inc (http://www.chazelcapital.com) announced today that they have increased investment into OFIR Rey Salomon development with positive results, having completed substantial prep work on several productive areas and purchased new equipment to facilitate mechanized operation.

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Lima, Peru (PRWEB) July 20, 2014

Chazel Capital today revealed an aggressive expansion plan for their existing operation in Peru in response to and in preparation for the massive growth occurring in the mining sector.

“In response to the increased levels of investment and accelerated pace developing within the Peruvian mining sector, we augmented our efforts at the OFIR Rey Salomon site over the past few months and have made significant progress. In addition to the preparation of 118 meters of new drifts at various levels within the Esperanza structure, we sank a 20 meter vertical shaft at the 1520 level and completed a 37 meter ventilation shaft at the 1480 level. We are now very close to implementing a fully mechanized system within this structure, including a new carting and winch system and an industrial compressor for pneumatic mining tool deployment. We will continue to stay ahead of the market as much as possible in terms of the methods we employ and the proprietary technologies that enable them. The response from our JV partners has been very positive and encouraging. At the end of July we will host this years’ third group tour of the project site and look forward to the opportunity to personally meet and tour the property with our partners.” - Andre Savard, CEO, Chazel Capital Inc.

ABOUT CHAZEL CAPITAL
Chazel Capital, Inc (http://www.chazelcapital.com) commenced operations in Peru at the OFIR Rey Salomon Project in 2011. Since then, Chazel has established itself as a leading company within the Peruvian Gold Mining sector.

Chazel Capital is a multinational private equity firm engaged in the business of structuring, financing, and managing profitable Gold Mining and other Natural Resource production ventures. Chazel holds diverse interests in various Gold Mining projects including the OFIR Mine Project, LP, also known as Rey Salomon, a producing hard-rock Gold Mine located in the Arequipa Mining District of Caraveli Province, Peru, in partnership with Canadian Hybrid Mining and Technology company Nippon Dragon Resources (TSX.V :NIP) http://www.nippondragon.com For more information about Chazel Capital and their exciting joint ventures, please visit http://www.chazelcapital.com.


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