Ensurge, Inc. Announces Discussions for Development of Platinum Group Elements in Guyana
21 February 2014 - 4:36AM
Ensurge, Inc. (OTCBB:ESGI) reported today that it has commenced
discussions, and is in negotiations, with Mojave Gold Corporation
to participate in the exploration of Platinum Group Minerals (PGMs)
in Guyana.
The Company has previously worked with Mojave in exploring the
alluvial presence and recovery of PGMs at a test site on the
Mazaruni River in Guyana. Recent international market developments
in PGMs have increased investor interest in the exploration of PGMs
in Guyana.
Echoing previous statements in 2013, Mojave Gold's President and
CEO, Steve Heard, stated, "In our work to identify PGM deposits, we
have conducted substantial soil and rock sampling, biochem and
geochem analysis, and gathered ground and aerial magnetic
data. This valuable cross-confirming information allows us to
choose drill sites for locating PGMs in bedrock. Having
already established a relationship through the prior joint test
facility with Ensurge, now is an excellent time for the companies
to explore a new relationship that allows Ensurge to take an equity
position in Mojave."
Jeff Hanks, Ensurge CFO, stated: "Our relationship with Mojave
started in early 2012 and this is an exciting opportunity for our
work in Guyana to go to an entirely new level. We think having
an opportunity to work with Mojave in developing PGM's is a
positive move for the Company."
The Company's subsidiary, TransGlobal Gold Corp., is currently
operating several dredges on the Mazaruni River and with additional
equipment intends to increase gold production operations over the
next year. "A closer relationship between Ensurge and Mojave
will benefit both companies in many ways, from financing
opportunities to operational and exploration logistics and this is
why we are now engaged in discussions involving greater involvement
of Ensurge," said Mr. Heard.
About Ensurge, Inc.
Ensurge, Inc. is a Utah based holding company that has been
engaged in exploring and developing gold mining opportunities in
Guyana. The Company's business plan also includes bringing capital
and technology to existing mining operations to more efficiently
recover gold, improve recoveries of existing milling operations and
improve mining operations in exchange for an interest in these
operations. Website: www.ensurgegold.com
About TransGlobal Corp.
TransGlobal Gold Corp. is a mining company organized to acquire
and develop mining rights in Guyana. Operations may include
either land or river dredging operations. TransGlobal has
commenced land-dredge mining operations on approximately 2500 acres
located adjacent to the Mazaruni River in Guyana.
Website: www.transglobalgoldcorp.com
About Mojave Gold Corporation
Mojave Gold Corporation (MGC) is a privately owned US-based
company engaged in exploring areas for potential platinum group
mineral mining, identifying several domestic and international
sites of interest. For the past three years MGC has been
working with GlobalMin LLC in exploring over 4.2 million acres, two
years of which have been pursuant to a Permission for Geological
and Geophysical Survey (PGGS) issued by the Prime Minister of
Guyana. The PGGS is now being converted into exclusive
prospecting licenses. Website: www.mojavegoldcorp.com
Since 2002, privately owned GlobalMin, LLC, has conducted
substantial fieldwork, exploration, and analytical testing in
Guyana, discovering and documenting a significant presence of
alluvial platinum group minerals, and targeting areas for continued
exploration and analysis. Global Min, LLC is parent to GlobalMin
Guyana, Inc. Retired Nevada Bureau of Mines and Geology Chief
Geochemist Dr. Paul Lechler is Managing Partner along with John Van
de Sand, a mining engineer with over thirty years mining and
business experience.
CONTACT: Jeff Hanks
801-990-9457
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