ResourceTec Corp (RREE)

[stockgringo]

Hong Kong -- July 10 2015 -- InvestorsHub NewsWire -- Borneo Resource Investments Ltd. (OTCQB: BRNE), announced today that it has commenced discussions on the possible acquisition of a sizeable, existing gold mining operation in the Philippine Province of Viscayas. The property, comprising 52 mining claim blocks, is characterized by quartz vein and pyrite type gold deposits mineable down to a depth of over 500 metres. A geological report on the property, completed in 2012, has estimated remaining proven au (gold) reserves of 87,000oz and inferred reserves of 1.7 million oz. The mine, one of the oldest and largest producing in the province, has been operated, non continuously, over the past 70 years and has recorded production of 1.5 tonnes of gold over that period, valued at over $60 million at current price.