Copper King Mining Corporation and Western Utah Copper Company Merge
Thursday January 31, 6:30 am ET
SALT LAKE CITY--(BUSINESS WIRE)--Copper King Mining Corporation (Pink Sheets: CPRK - News) is pleased to announce that the company has acquired 100% ownership of Western Utah Copper Company.
The merger brings together 2 very good assets which combined total over 92,000 acres of mining claims, a line of mining equipment including but not limited to core drills, back hoes, crawlers, mining trucks, blasting equipment, fuel trucks, and dozers. The company has to date removed over 1,600,000 tons of overburden on their Hidden Treasure. Removal of the overburden has produced in excess of 200,000 tons of ore, some of which is extremely high-grade ore to be processed in the company's new state of the art milling facility, that when completed will be capable of processing 2,500 short tons of ore per day. The companies’ assets include numerous copper deposits that contain gold and silver. The gold and silver is a substantial credit to the copper ore and when compared to other copper deposits worldwide, some of which have no gold and silver at all, is very substantial.
The estimated life of the combined assets of the companies is over 300 years.
The new company will retain the name Copper King Mining Corporation and management of Western Utah Copper will become the management team of the new company.
Copper King Mining Corporation will set a new board of directors to be announced, which will consist of members of the boards from both companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
>>>>>>>>>>>>>>>>>>>>>>>>>>
Contact:
Alexander Lindale L.L.C.
Wilf Blum, 801-201-4691
Wilf Blum, 801-201-4691
Wilf Blum, 801-201-4691
Wilf Blum, 801-201-4691
Wilf Blum, 801-201-4691
