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).
Safe Harbor
This press release contains forward-looking statements --
Ask your broker-dealer whether it has any
Rule 15c2-11 information before you invest.
Source: Russell Industries
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