Mining Global Inc (MNGG)

[FIRM]

Mining Global Releases Assay Results from Congress Contract

Jul 14, 2014 07:08:00 (ET)


WICKENBURG, Ariz., July 14, 2014 /PRNewswire/ -- Mining Global, Inc. (OTC Pink: YTRV) announced today that it has released the assay results from the ore it recently processed from the Congress Mine contract. The Company successfully processed approximately 70 tons of ore in the last week out of which it has claimed nearly seven ounces of gold weight. This corresponds with assay results indicating from 0.05 to 0.1 ounces of gold per ton.

"After a hard week's work, this test will be the model for what we can expect when we hit full capacity," said Joel J. Natario, Chief Executive Officer of Mining Global, Inc. "Having this news shows everyone we did make the right decision in moving forward with the Congress contract."

The Company plans to process as much as 250,000 tons of material from the Congress contract, which could produce as much as 12,500-25,000 ounces, if the assay numbers hold constant. With gold prices in the $1,300 range, this scenario could yield the Company a windfall of revenue in the $16,250,000-$32,000,000 range.