Russell Industries: Permit received
HOUSTON, TX, Jul 25, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) announces that it has received approval for its Plan of Operations for uranium exploration on its Cache Claims in San Juan County Utah. The permit was approved by the Division of Oil, Gas and Mining for the State of Utah and allows for 33 holes, one wet and 32 dry to be drilled. The Company has applied for two other permits and expects receive the second by August 13. The Company is reviewing proposals for the purchase of drilling equipment. "We are pleased with Bureau of Land Management's approval of our permit. We are looking forward to being able to validate the proven and probable reserves of this claim area," said Rick Berman, President and CEO of Russell Industries.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 322 Uranium Mining Claims as of July 16, 2007 and recently acquired American Uranium Mining Company (AUMN.PK).
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Source: Russell Industries
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