Grandeza Resources Corp.
Grandeza Resources Corp.: Agreement for gold ore feedstock
Grandeza Resources Corp. / Key word(s): Miscellaneous Grandeza Resources is pleased to announce a purchase agreement for gold ore feedstock for its exgemin gold processing plant. December 9, 2011, Lima, Peru, About Grandeza Resources Corp. Based in Lima, Peru, and operating since January of 2008, the company consists of two operations; the Protobello-copper project and the Exgemin-gold project. Both projects focus on exploration, mine development, as well as processing. The company has been producing revenues since 2008 and is poised for a major expansion due to proven gold and copper reserves and an increase in processing capacity. Processing capacity in both of these areas of Peru has been lacking, which allows the company to purchase and profit from local miners who would normally have to travel large distances to have their minerals processed. Grandeza’s Portobello copper project is based in southern Peru. The company plans to build a 300t/d copper concentrate processing plant in Chala, Southern Peru, to process the ore that is to be mined out from its 2,100 Has property, located South East of Chala. The company has found several veins estimated at 165,000 tonnes of mineral resources grading 3,2% Cu, with some 30,000 tonnes grading 10%. There is also some 500 t/d surplus copper ore production from the Nazca area mines that could be processed at the plant in the future. On behalf of the board of directors of About Forward-Looking Statements: Statements in this press release may be ‘forward-looking statements’. Words such as ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘expect,’ ‘intend’ and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. End of Corporate News 09.12.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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