ZNext Mining Provides Update on XYZ Mining Project Following Management Visit to MasbateSaturday March 8 1:30 AMNotwithstanding recent heavy rains, Piamonte and his party, with the assistance of the local indigenous people, hiked approximately 7km into the mine site and back to the main road, traversing hilly topography covered by tropical vegetation, and crossing two rivers enroute. They visited the areas on which the company expects to construct during the next several months the miners' barracks, ore stockpiling area, mill plant, field laboratory, and tailings pond necessary for exploitation of the mineral site. Piamonte advised that following unforeseen administrative delays, the management of Pearl Asian Mining will be shepherding documents through the Small Scale Mining Permit and subsequent Mineral Production Sharing Agreement process. "With actual production slated to begin during for the second half of June, there is much to do, including tunnel rehabilitation, mapping and sampling," said Piamonte. "Local interest in the success of our undertakings remains high, and we anticipate the full cooperation of Masbate officials and valuable assistance of the indigenous peoples," he said. ABOUT THE COMPANY ZNext Mining Corporation, Inc. is an international mining company engaged in the exploration and commercialization of new and underdeveloped mine sites, primarily gold and other precious and strategic metals. Twelve (12) mining claims in British Columbia, Canada are owned 100% by ZNext Mining. Additionally, under a Philippines Mineral Production Sharing Agreement (MPSA) with the government of the Republic of the Philippines, ZNext Mining owns 40 of the Pearl Asian Mining Industries, Inc., a Philippines domestic private corporation, that through aggregation of manpower and production among small-scale miners and indigenous peoples, intends to capitalize on economies of scale in gold and silver extraction, processing and commodities selling and trading. ZNext Mining Corporation, Inc. is committed to the implementation of sustainable green technologies to achieve fiscal strength based on the principal of Profit-People-Planet. Management continues to focus on achieving profit, while conducting business with utmost consideration and compassion for people and protection of our planet and the environment. FORWARD STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: ZNext Mining Corporation, Inc. Investor Relations: Jordan Richard Assoc. LLC Madeleine Franco, 702-256-4905 ir@jordanrichard.net www.ZNextmining.com |
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