AZHA Mining Gold Rush ~ Estimated Grade of 40+ Grams of Gold Per Ton of Ore
07 July 2009 - 11:18PM
Marketwired
AZHA Mining (formerly ZNext Mining) (PINKSHEETS: ZNXT) (OTC
Preferred: ZNXPP) announces today that it is participating in the
ongoing gold rush having a grade of more than 40+ grams of gold per
ton of ore located in the Philippines. The Gold rush site is only 3
kilometers from the town proper, with the access road going to the
mine site that is located in Southern Luzon, just northeast of XYZ
Gold Rush in Masbate and the Bukidnon Gold Rush Projects in
Mindanao Island. To protect the confidentiality signed with the
land claimant, the specific site cannot be disclosed.
AZHA had entered into a working alliance in a profit sharing
agreement with the small scale miners land claimant and owner. AZHA
is capitalizing the mining operations to provide the necessary
small scale gold mining equipment and working operations. This net
profit sharing has been practiced since Pre World War I among the
Filipino small scale miners.
AZHA as the financier receives 12 shares, the Miners (24 people)
receive (1 share each) 24 shares and the Land Owner receives 2
shares, to give a total of 38 Shares.
CALCULATIONS: Assuming: Initial Investment of $25,000.00 USD, on
50 tons of ore per month recovery:
-- 40 grams Au/ metric ton x 50 tons ore per month = 2 kilograms refined
gold = about $57,447.00 USD Gross Income per month
-- Less working operations or consumables = $10,638.00 USD per month
-- Total Net = $46,809 per/month
-- $46,809 divided by 38 shares = $1,231.82 X 12 shares = $14,782.00 per
month
The ROI -- Return On Investment of AZHA's initial investment
will be recovered within 2 months after the full blown mining
operations which started this month. Thereafter, all are net
profits and income to AZHA Mining.
AZHA is using this small scale mining operation for immediate
revenue-making during this year 2009. The revenues to be generated
are just icing on the cake, in addition to the pending issuance of
the large scale mining permit for the XYZ Gold Rush. AZHA is soon
to start the full operations and rehabilitations of the XYZ Gold
Rush, while the XYZ Gold Team is constructing the specific ore
crushing plant on the approximately 3/4 hectare of the wholly owned
land bought by AZHA Mining recently. In the meantime, AZHA
continues the construction of the copper floatation enhancement
device to the existing C-I-L Gango Gold Processing Plant in
Bukidnon.
ABOUT THE COMPANY
AZHA Mining Corporation, Inc. is a mining company engaged in the
exploration, development and commercialization of new and
underdeveloped mine sites. The company focuses primarily in the
mining and production of gold, silver and other precious metals.
AZHA Mining was assigned the 100% interest of the twelve (12)
mining claims in British Columbia, Canada. Additionally, AZHA was
assigned the 100% of PEARL's Mineral Production Sharing Agreement
(MPSA) for the issuance of the large scale mining permit, that was
filed in Region V in 2004; These include all of PEARL's Assets such
as gold-silver mining and other mineral explorations, development
and production.
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, and 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: Investor Relations Luis Madamba Phone # USA:
(888-498-0001) FAX: (888)-588-0854 e-mail: Email Contact
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